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@article{ART001101400},
author={장이규},
title={Sources-of-Profit Analysis of Life Insurers under Fair Value Accounting},
journal={Journal of Insurance and Finance},
issn={2384-3209},
year={2006},
volume={17},
number={3},
pages={35-91}

TY - JOUR
AU - 장이규
TI - Sources-of-Profit Analysis of Life Insurers under Fair Value Accounting
JO - Journal of Insurance and Finance
PY - 2006
VL - 17
IS - 3
PB - Korea Insurance Research Institute
SP - 35
EP - 91
SN - 2384-3209
AB - The objective of this paper is to develop the earning presentation method of life insurers under fair value accounting. The life insurer is required to revise the reserve on every valuation date and report "Market Value Margin" separately under the fair valuation method. These requirements make it more difficult for users to understand financial statements. Also, there is concern about the reliability of fair value reporting dependent on management’s estimates. The adjusted "Sources-of-Profit (SOP)" analysis is developed to resolve these problems. First, this paper provides a framework for earning presentation under fair valuation. Second, several formulae are developed to decompose the framework by SOP factors such as mortality rate, withdrawal rate, expenses and interest rate. Lastly, some application of the adjusted SOP analysis is provided. The adjusted SOP analysis decomposes life insurer’s profit under fair valuation by SOP factors representing underwriting, investment and expense management. Therefore, this analysis provides valuable information for management and outside users.
KW - fair value;reserve;sources-of-profit analysis
DO -
UR -
ER -

장이규. (2006). Sources-of-Profit Analysis of Life Insurers under Fair Value Accounting. Journal of Insurance and Finance, 17(3), 35-91.

장이규. 2006, "Sources-of-Profit Analysis of Life Insurers under Fair Value Accounting", Journal of Insurance and Finance, vol.17, no.3 pp.35-91.

장이규 "Sources-of-Profit Analysis of Life Insurers under Fair Value Accounting" Journal of Insurance and Finance 17.3 pp.35-91 (2006) : 35.

장이규. Sources-of-Profit Analysis of Life Insurers under Fair Value Accounting. 2006; 17(3), 35-91.

장이규. "Sources-of-Profit Analysis of Life Insurers under Fair Value Accounting" Journal of Insurance and Finance 17, no.3 (2006) : 35-91.

장이규. Sources-of-Profit Analysis of Life Insurers under Fair Value Accounting. Journal of Insurance and Finance, 17(3), 35-91.

장이규. Sources-of-Profit Analysis of Life Insurers under Fair Value Accounting. Journal of Insurance and Finance. 2006; 17(3) 35-91.

장이규. Sources-of-Profit Analysis of Life Insurers under Fair Value Accounting. 2006; 17(3), 35-91.

장이규. "Sources-of-Profit Analysis of Life Insurers under Fair Value Accounting" Journal of Insurance and Finance 17, no.3 (2006) : 35-91.