NEW! Insurance Company Financial Statements and Modeling

Balance sheet based companies, such as insurance companies, operate by different rules and methodologies based on the unique nature of their business. Learn insurance financial statement terminology and drivers and the differences between insurance and reinsurance, Property & Casualty insurance, and Life & Health insurance. Identify the major players along the insurance spectrum including retail brokers, wholesale brokers, managing general agents, managing general underwriters, and captive carriers. Differentiate between the different types of premiums (direct, ceded, net, written, earned) on the Income Statement and understand loss triangles and the main differences between statutory vs. GAAP accounting. Understand insurance valuation parameters: key insurance multiples (PE, book value, premium/surplus.) Review key assets line items (premiums receivable, reinsurance recoverable, prepaid reinsurance premiums)on the Balance Sheet as well as the liabilities (loss and los adjustment expense reserve, unearned premium reserve). Build a quick, simplified insurance model summarizing selected key items.

Note: Bring your PC laptop with Microsoft Excel installed and a CD-ROM drive.  Mac applications may not be as effective.

Want to learn more on this topic?
Attend the 14th Annual Insurance Conference.