Description: A discussion on VM-20 reserves over the last decade.

Description: Chairperson's column reporting on section meetings, resources and more.

Description: This article provides a description of three factor updates for the NAIC Risk-Based Capital that will take effect in 2012.

Description: Independent Auditor's Report prepared by Selden, Fox, and Associates, Ltd. Includes the Statement of Financial Condition, Statement of Revenues and Expenses, a Statement of Cash Flows and supplies Notes to the Financial Statements. From the Transactions of Society of Actuaries 1994, Vol. 46.

Description: A description of new council members, recent past accomplishments and future projects for the Financial Reporting Section.

Description: This article provides an EV overview, current industry usage, key considerations illustrated by MetLife’s strategic spin-off of Brighthouse Financial, as well as implementation notes.

Description: The Cash Flow Valuation Method has recently been adopted for valuation of annuity products in Canada and has application to all other life insurance products. Under this method, the statement liability for a block of business is the value of the assets required to enable the insurer to run off the block. The method therefore involves both assets and liabilities and reflects the insurer's investment policy.

Description: Article from the chairperson of the Financial Reporting Section of the SOA on disruption and what it means to actuaries.

Description: This article lays conceptual foundations associated with projecting investment-related discretionary elements of various life insurance and annuity products. It outlines potential implementation approaches that may be appropriate when calculations are performed in a risk-neutral setting. The article concludes that crediting rates in risk-neutral models can be projected as in real-world models, except that the modeled provision for expected credit losses should be modified to equal real-world expected losses initially, but over the projection reflect management’s evolving expectation, moving ultimately to risk neutral expected losses.

Description: Interest Maintenance Reserve ("IMR") has become a hot topic recently due to rising interest rates, causing decreases or even negative IMR balances for some insurers. This article aims to exam some new questions facing financial reporting actuaries: - How should negative IMR be treated for statutory reporting? - What are the other actuarial implications of negative IMR? - What have regulators done and/or plan to do about negative IMR? - What are potential mitigants?