In the late 1980s, the character of such competition was influenced by the substantial increase in financial wealth controlled by the banks in the form of unrealized capital gains
on stock holdings.
This blank includes a Balance Sheet, a Summary of Operations (excluding Unrealized Capital Gains
and Losses), a Cash Flow statement and an Analysis by Lines of Business, including Life (Ordinary and Group) and Annuities.
Reflecting the industry's income and unrealized capital gains
on investments, its surplus, or statutory net worth, increased 9.
The landholdings of many companies carry large unrealized capital gains
because their original acquisition values are still logged on the asset side of their balance sheets.
Meiji Yasuda improved its capitalization in fiscal year 2009, as measured by the local solvency margin ratio and Best's Capital Adequacy Ratio (BCAR), as its unrealized capital gains
from security investments showed strong recovery.
Best's increased incorporation of total risk-adjusted returns into its rating evaluation, companies such as Fireman's Fund, Winterthur Swiss, Farmers and Swiss Re are factoring some recurring unrealized capital gains
into their investment strategies, performance benchmarking and capital-allocation decisions.