Description: The purpose of this session is to review and discuss the principles and guidelines published and/or under consideration within the accounting and the actuarial professions regarding the restatement of GAAP financial of a life company acquired in a transaction to be accounted for as a purchase transaction under SPB 016. Our purpose is also to review with you some of the specific approaches that have been taken, and the problems that have developed, in implementing purchase-GAAP in practice. From Record of the Society of Actuaries 1979, Volume 5, No. 1.

Description: This 1977 panel discussion explores the determination of the value of a life insurance company. The traditional approach is to appraise three components... value of business in force, adjusted net worth and existing structure value. This presentation details the traditional approach and offers alternatives.