Description: This session at the SOA 1998 Maui I Spring Meeting discusses GAAP financial reporting in terms of the types of management information GAAP provides, how to interpret that information, and how to measure emerging experience versus expectations. Analysis of GAAP ROE and GAAP source of earnings is presented.

Description: Panelists at this session of the SOA 2004 San Antonio Spring Meeting discuss the implications of a Statement of Position [SOP-03-1]. Reserving issues related to common features of variable annuities, universal life and variable universal life are explored.

Description: 1998 Valuation Actuary Symposium. In this open forum questions were fielded by the panel of experts. Some of the questions: 1. How do you pick spreads for use in your reinvestment strategy? 2. What's generally being done in terms of dynamically modeling policyholder lapsation? 3. How do companies treat riders and dump-in premiums and estimated gross profits for GAAP? 4. What impact does the current interest environment have on testing you are going to do this year? 5. Are there any suitable techniques for trying to aggregate the variable products with the fixed products?

Description: This session at the 1998 Valuation Actuary Symposium looks at FAS 133, GAAP accounting for derivatives, including the impact on financial statements, implementation issues, and implications for the valuation actuary.

Description: 1998 Valuation Actuary Symposium. The speakers discussed dissecting and rearranging GAAP financials to provide more meaningful information and a comparison of the FAS 60 format of reporting earnings to a source-of-earnings format.

Description: This session at the 1998 Valuation Actuary Symposium examines Purchase GAAP accounting for life insurance acquisitions and identifies the major steps for implementing GAAP for acquisitions.

Description: The panel discussed the accounting profession's attempts to codify an area that has long been subject to a wide variety of practice. Topics covered: 1. Accounting under the various methods of acquisitions: pooling of interests, purchase of stock, assumption reinsurance, indemnity reinsurance. 2. Benefit reserve approaches under Statement of Financial Accounting Standards 60 within the context of defined-valuation premium approach versus defined-initial reserve approach. 3. Approaches to determination of discount rate for the present value of future profits and purchase date 4. Effect of differing levels of goodwill on earnings accretion versus dilution.

Description: This session at the SOA 1990 Annual Meeting looks at mutual company GAAP issues including objectives, common features, comparison to stock company GAAP, and the effect on management of the company.

Description: This 1978 presentation discusses the recommendation made by the Canadian Institute of Chartered Accountants to move to a GAAP basis for reporting for life insurance companies. The primary purposes would be to report earnings on a going concern basis, rather than on a basis dominated by solvency considerations, and to promote improved comparability of reported financial results among companies.

Description: This session is a discussion about 1 Actuarial certification of statutory statements, 2 GAAP for mutual companies, and 3 use of interest in amortizing acquisition expenses.