Regulatory surplus

Regulatory surplus

The surplus as measured using regulatory accounting principles (RAP), which may allow the nonmarket valuation of assets or liabilities and which may be materially different from economic surplus.
References in periodicals archive ?
Another "major positive" cited by Moss is that the capital position of the Group has increased to a regulatory surplus of GBP3.
That being said, some of the write-downs were the result of investments backed by monoline insurer Syncora Guarantee, The New York Insurance Department announced it would suspend the insurer's claim payments, effective April 29, unless Syncora restored regulatory surplus by June 2.
Aviva described demand as "resilient" and said it had significantly enhanced its capital position in the past quarter, with a regulatory surplus of pounds 2.
Aviva said it had significantly enhanced its capital position over the past three months, with a regulatory surplus of pounds 2.
In a trading update Aviva said it had significantly enhanced its capital position over the past three months, with a regulatory surplus of pounds 2.
This is a change from last year, where the base case was presented with required capital on a regulatory surplus basis and the internal surplus basis presented as an addendum to the report.
3 million, approximately two times GAAP book value and regulatory surplus, but will result in a modest realized loss under generally accepted accounting principles in the United States of America (GAAP) because of historical unrealized currency translation losses.
Review statement Addendum 1: Movement analysis based on regulatory surplus requirement per country unit and product segment AEGON Group Americas The Netherlands United Kingdom Addendum 2: Outcome and movement analysis based on the internal surplus requirement Addendum 3: Exchange rates Glossary and abbreviations Glossary Abbreviations Disclaimer 1.
Table 1 Embedded value regulatory surplus basis (amounts in millions, net of tax) Year-end Year-end Year-end Year-end 2002 2001 % 2002 2001 % USD USD EUR EUR 11,451 10,544 9% Adjusted net worth 10,919 11,964 -9% 11,592 11,768 -1% Value of in-force 11,054 13,353 -17% 23,043 22,312 3% Embedded value 21,973 25,317 -13% life insurance 1,588 1,251 27% Other activities 1,514 1,420 7% -8,209 -6,153 33% Holding activities -7,828 -6,982 12% 16,422 17,410 -6% Total embedded value 15,660 19,755 -21% 14,924 14,033 6% Shareholders' equity 14,231 15,923 -11%
Table 2 Value new business regulatory surplus basis (amounts in millions) 2002 2002 USD EUR 1,002 Gross value of new business (A) 1,058 -348 Tax -367 -121 Cost of capital -128 533 Value of new business 563 (A) Gross value of new business is derived by grossing up value of new business.
The Texas Department of Insurance granted Dunnottar a conditional Form "A" (the license to write policies and conduct insurance business) pending final approval of regulatory surplus and reserves.
This dividend will be recorded in the fourth quarter of 1998 and result in a 10 percent decline in regulatory surplus.