Description: This paper begins with an investigation of the conceptual profit model known as Anderson's formula, then it compares Anderson's formula with two alternative profit formulas and discusses some applications and limitations of each method. A discussion of the paper follows. From Transactions of Society of Actuaries 1979, Vol. 31.

Description: This paper discusses future projections of operations for both new and existing companies. The author proposes and discusses 3 basic methods - model office, analysis of operations and an 'overall method. The model office, being the most detailed, delves into how to approach each major item in the summary of operations.

Description: This general session discussion looks at: A. Methods available to decide the percentage of the premium that should be used for life insurance, weekly indemnity benefits, hospitalization and surgical benefits. B. Formulas devised for computing contingency reserves for possible losses on mortgage loans and real estate. C. Extent to which companies are using participating forms for the following coverages: 1. Annuities in the benefit stages and/or supplementary contracts involving life contingencies after expiry of the term certain period 2. Family income and other decreasing term rider benefits 3. Extended term insurance D. Methods developed for pricing annuities and settlement options derived from an annuity table without provision for mortality improvement

Description: This session at the SOA 1962 Jacksonville and Chicago Regional Meetings discussed the investment year method. Considerations with respect to taxes, capital gains and line of business other than group annuity were discussed.

Description: Presentation of some of the factors to be considered, and approaches which might be employed, in valuing a life insurance company.

Description: Discusses reasons for recent extensive industry changes in premium rates and expected trends, merits of different types of federal income tax treatment in financial statements, and discussion of merits of proposed state regulations regarding classification and allocation of income and expenses.

Description: In this paper, the author examines the valuation of life insurance company assets giving a rationale for a valuation basis for each type of asset. The stabilization of asset values is stated as being 'highly desirable'. Several discussants of the paper disagree strongly with the author's views.

Description: This discussion looks at the preparation of the annual statement on a new form, the difficulties of meeting the requirement to report both incurred and cash entries, the problems which have arisen as result of the requirement that net capital gain or loss be split between realized and unrealized, and the effect the continued requirement of a Security Valuation Reserve prescribed by the NAIC will have on matters such as dividend apportionment and reserve strengthening.

Description: These are three papers- - Government Pension Plans in Canada - This paper reviews the initial Act from 1952 which was a flat benefit plan and the impending changes to the program to incorporate a contributory earnings-related pension plan. - Current Status of Medicare Proposals - This report provides an update of the dozens of bills pending on the issue. - Relationship of Actuaries and Certified Public Accountants - This paper presents the issues facing insurance companies and accountants where their accounting practices are at variance. From Transactions of Society of Actuaries 1964, Vol. 16, No. 45.

Description: This article from the Digest of Informal Discussion, Transactions of Society of Actuaries 1955 Volume 7, Number 17, identifies the participants and summarizes their comments. The discussion topics include: comparison of the new Canadian and U.S. convention blank annual statements whether there are any differences significant enough to cause undesirable lack of uniformity difficulties encountered in compiling the Canadian statement by line of business and geographic subdivision and problems which may be anticipated in the preparation of annual statements by reason of Regulation No. 33 of the New York Insurance Department.