Adjusted Liabilities(redirected from Adjusted Liability)
The statutory liabilities of an insurance company less its interest maintenance reserve and its asset valuation reserve. An insurance company's statutory liabilities are calculated according to the industry's accounting standards and sometimes overstate the company's liabilities because they do not account for the two reserves. Many financial ratios use adjusted liabilities because they are thought to be more accurate.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved