Statutory surplus

Statutory surplus

The surplus of an insurance company determined by the accounting treatment of both assets and liabilities as established by state statutes.

Statutory Surplus

The budget surplus that an insurance company has after it calculates its assets and liabilities according to all applicable state and federal laws.
References in periodicals archive ?
At present the company has a statutory surplus of above $190 million and an average combined ratio of about 94 percent over the previous 10 years.
The agreed consideration is roughly equal to the statutory surplus of the Dublin-headquartered entity as of 31 March 2013.
com)-- National Life Group today released its consolidated financial results for 2012, reporting new record highs in net income, total assets under management, life insurance sales, insurance in force, and statutory surplus.
2bn, which is comprised of an increase in US life statutory surplus and a reduction in the U.
Capitalized with more than $500 million of statutory surplus, Allied World Re is licensed to write reinsurance and insurance business in 49 states and the District of Columbia.
Reliance Surety recorded net written premium of $213 million in 1999 and, at year end, had a statutory surplus of approximately $105 million and a GAAP net worth of $162 million.
The rating action follows The Fund's 82% or $122 million decline in statutory surplus to $27 million at year-end 2008.
Massachusetts Massachusetts Mutual Life Insurance Company (MassMutual) today announced strong consolidated statutory financial results1 for 2014, including a substantial increase in earnings and net income, record sales in key businesses, and highest-ever levels of assets under management (AUM)2, statutory surplus and total adjusted capital.
com)-- National Life Group releases its consolidated financial results for 2011, reporting new record highs in pre-tax operating income, net income, total assets under management, life sales, insurance in force, in-force annuity flow premium, and statutory surplus.
Prior to the withdrawal, the ratings and "negative" outlook reflected the sharp declines in statutory surplus levels at these companies, which leads to regulatory intervention.
To confirm that this is so, one can compare the GAAP We shouldn't let accountants tell us what is valuable and what is not or statutory surplus of a publicly traded insurer or reinsurer with its market capitalization--the total value of its stock.
State Farm's ratings could face downward pressure due to further deterioration in statutory surplus from investment losses or if underwriting losses continue at 2008 levels.