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Description :
This book bridges the gap between the accounting and the actuarial sides of
Indian life insurance companies, by exploring the relationships between the
embedded value calculated by actuaries and the revenue account and balance
sheet prepared by the accountants.The author provides publicly available
sources of information to place a value on the shares of Indian life insurance
companies from an outsider’spoint of view. Life insurance company
accounts are complex and require knowledge of specific concepts in order to
analyze and appreciate them.This book will help a layperson with reasonable
numerical abilities understand the calculation of the share price of a life
insurance company. In particular, it will help analysts and accountants with no
actuarial background understand the concepts of embedded and appraisal
value. Cash flow statements of these companies are often ignored and
delegated to the background or usually to a single page in their annual
reports.This book examines the cash flows in detail and rearranges them to
get a better picture of the financial health of the underlying companies. It also
explains the relationship between the different measures of profit such as cash
reserves, surplus, profit after tax, and embedded value. Often this information
is only available internally or to consultants. The author uses alternative
approaches based purely on public disclosures by these companies, thereby
enabling professionals without access to internal information to come to
informed judgments about the actual performance of the companies.
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This book bridges the gap between the accounting and the actuarial sides of Indian life insurance
companies, by exploring the relationships between the embedded value calculated by actuaries and the
revenue account and balance sheet prepared by the accountants.The author provides publicly available
sources of information to place a value on the shares of Indian life insurance companies from an
outsider’spoint of view. Life insurance company accounts are complex and require knowledge of
specific concepts in order to analyze and appreciate them.This book will help a layperson with
reasonable numerical abilities understand the calculation of the share price of a life insurance company.
In particular, it will help analysts and accountants with no actuarial background understand the concepts
of embedded and appraisal value. Cash flow statements of these companies are often ignored and
delegated to the background or usually to a single page in their annual reports.This book examines the
cash flows in detail and rearranges them to get a better picture of the financial health of the underlying
companies. It also explains the relationship between the different measures of profit such as cash
reserves, surplus, profit after tax, and embedded value. Often this information is only available internally
or to consultants. The author uses alternative approaches based purely on public disclosures by these
companies, thereby enabling professionals without access to internal information to come to informed
judgments about the actual performance of the companies.
PDF/READ/DOWNLOAD Valuation of Indian Life Insurance
Companies: Demystifying the Published Accounting and
Actuarial Public Disclosures (ISSN) kindle