Financial Statement Analysis for Non-Financial Managers
Author | : Hoskin |
Publisher | : Dog Ear Publishing |
Total Pages | : 136 |
Release | : 2011-07 |
ISBN-10 | : 1457504464 |
ISBN-13 | : 9781457504464 |
Rating | : 4/5 (64 Downloads) |
Book excerpt: Covers the following areas: overview of the P&C industry; organizational structure of P&C insurers: stock & mutual companies; value drivers in the P&C business; financial reporting requirements for P&C insurers & major financial statements; capital management; GAAP (generally accepted accounting principles) insurance accounting principles; statutory (STAT) accounting principles; rating agencies & ratio analysis. The book uses the actual GAAP and STAT financial statements of Travelers Insurance Company as well as excerpts from the A.M. Best rating report for Travelers to illustrate the concepts and analysis.--P. [4] of cover.