Insurance Company Primer: Financial Statements and Modeling -- IN-PERSON and ONLINE

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.

• Learn the differences between insurance and reinsurance, property and casualty insurance, and life and health insurance.

• Differentiate between the different types of premiums (direct, ceded, net, written, earned) on the income statement.

• Understand loss triangles and the main differences between statutory and GAAP accounting.

• Understand insurance valuation parameters, key insurance multiples and why and how different from valuation of “regular” companies.

• 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 to summarize logic and crystallize selected key items.

Who Should Attend?

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

Note: Bring your PC laptop with Microsoft Excel for PC (any version) installed and a working USB slot to copy template files from memory stick in class. Native Mac with Excel for Mac will not be as effective.