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Earnings Emergence Insurance Accounting under Multiple Financial Reporting Bases

December 2018

The Financial Reporting Section, Reinsurance Section and the Committee on Life Insurance Research are pleased to announce the release of a new report examining differences in measurement and presentation under various insurance accounting bases.  Authored by Keith Bucich, Robert Frasca, and Bruce Rosner of Ernst & Young LLP,  this report updates the existing 2015 study by recognizing more recent insurance accounting requirements. Observations for two products, term life insurance and universal life insurance with secondary guarantees, are included.


Earnings Emergence Insurance Accounting under Multiple Financial Reporting Bases-July 2018

Thank You

The Sponsors would like to thank the following individuals who served on the Project Oversight Group:

Sam Keller — Chair 

Yongyi Bi

Pete Bondy

Katie Cantor

Tom Herget

Mike Leung

Shirley Lowe

Ronora Stryker, SOA Senior Practice Research Actuary 

Jan Schuh, SOA Sr. Research Administrator

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