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Equalization Reserve |
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Equalization Reserve A long-term reserve that an insurance company keeps for the purpose of preventing cash-flow depletion in the event of a significant unforeseen catastrophe. Notes: A disastrous event such as a flood, earthquake, or fire can result in the severe depletion of an insurance company's equalization reserve. These reserves could be seen as the company's personal "rainy day fund," compensating for unforeseen and often expensive events. See also: Hazard Insurance |
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Equalization reserve is required for other natural catastrophes. Best expects Tapiola to achieve an overall after-tax profit of approximately EUR 40 million (USD 51 million) before equalization reserves, which translates into a return on premium of 6%. He added that the trend in the United Kingdom has been to align the calculation of taxable profits with accounting standards, and he pointed to the government's agreement to let insurers create tax-deductible equalization reserves to help cushion the blow of unusually heavy losses. |
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Equalization Reserve
