Earned surplus means an amount equal to the unassigned funds of an insurer as set forth in the most recent annual statement of an insurer that is submitted to the commissioner, excluding surplus arising from unrealized capital gains or revaluation of assets.
Earned surplus means that portion of the surplus earned by an international company equal to the balance of its net profits, income, gains and losses from the date of incorporation or from the latest date when a deficit distribution to shareholders and transfers made out of earned surplus accounts, and include also any portion of surplus allocated to earned surplus account in mergers, consolidations or acquisitions of all or substantially all of the outstanding shares of property or assets of another company, whether incorporated in Samoa or not;
Earned surplus means the portion of the surplus of a corporation equal to the
Examples of Earned surplus in a sentence
Earned surplus (retained earnings) is not included in the base when calculating this tax.
Earned surplus so reserved shall not be available for payment of dividends, purchase or redemption of shares, or transfer to capital surplus or stated capital.
It does not include unrealized appreciation of assets, unrealized capital gains, or reevaluation of assets.(2) Earned surplus can be determined from the annual statement.
Earned surplus of the corporation to the extent so reserved shall not be available for the payment of dividends or other distributions by the corporation except as expressly permitted by this Title.
ACT § 2(l) (1969) ("'Earned surplus' means the portion of the surplus of corporation equal to the balance of its net profits, income, gains and losses from the date of incorporation.").
More Definitions of Earned surplus
Earned surplus means the portion of the surplus of a corporation equal to the balance of its net profits, income, gains and losses from the date of incorporations, or from the latest date when a deficit was eliminated by an application of its capital surplus or stated capital or otherwise, after deducting subsequent distributions to shareholders and transfers to stated capital and capital surplus to the extent such distributions and transfers are made out of earned surplus. Earned surplus shall include also any Portion of surplus allocated to earned surplus in mergers, consolidations or acquisitions of all or substantially all of the outstanding shares or of the property and assets of another corporation, domestic or foreign.
Earned surplus means unassigned funds (surplus), as reported on
Earned surplus means surplus as regards policyholders less paid-in and contributed surplus, and may include a fair revaluation of assets by the Board of Directors that is reasonable under the circumstances; provided, however, assets revalued by the Board of Directors cannot be included in earned surplus until thirty (30) days after the Commissioner of Insurance of the State of Iowa has received notice of the revaluation and has approved the revaluation.
Earned surplus means the portions of the surplus of a corporation equal to the balance of its net profits, income, gains and losses from the date of incorporation, or from the latest date when a deficit was eliminated by an application of its capital surplus or stated capital or otherwise, after deducting subsequent distributions to shareholders and transfer to stated capital and capital surplus to the extent such distribution and transfers are made out of earned surplus.
Earned surplus means that portion of the surplus of a corporation equal to the balance of its net profits, income, gains, and losses from the date of incorporation or from the latest date when a deficit was eliminated by application of its capital surplus, after deducting subsequent distributions to shareholders and transfers to stated capital and capital surplus to the extent that such distributions and transfers are made out of earned surplus. See Code Section 12-20-50(A).
Earned surplus means at any point of time that portion of the surplus of a company equal to the balance of its income plus gains less expense plus losses from the date of incorporation or from the latest date when a distribution was made out of earned surplus and includes also any portion of surplus allocated to earned surplus from disposals, mergers, consolidations or acquisitions of all or substantially all of the outstanding shares or property or assets of another body corporate, whether incorporated in Samoa or not;
Earned surplus means earnings of the Corporation after losses, expenses, and taxes. Such earned surplus consists of funds that are retained by the Corporation and that are not yet distributed as a policyholder dividend or credit.