Insurance Company Financial Statements and Modeling

Balance sheet-based companies, such as insurance companies, operate by different rules and methodologies according to the unique nature of their business.

In this course, you will:

• Learn insurance financial statement terminology and drivers and the differences between insurance and reinsurance, property & casualty insurance, and life & health insurance
• 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 loss 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.

Who should attend? Financial analysts, research analysts, portfolio managers, insurance investment bankers, mergers and acquisitions professionals, leveraged finance and credit executives, business development specialists, insurance company/insurance broker management and professionals.