Policyholder surplus definition

Policyholder surplus means capital and surplus.

Policyholder surplus of any Person shall mean, at any time, the consolidated policyholders' surplus (determined on a consolidated basis without duplication in accordance with SAP) of such Person and its consolidated Subsidiaries at such time (but excluding therefrom the effect of any unrealized gains and losses from the marketable securities portfolio of such Person and its consolidated Subsidiaries).

Policyholder surplus means, with respect to any Insurance Subsidiary, the policyholder surplus of such Insurance Subsidiary determined in accordance with SAP (as reflected in line 35 of the “Liabilities, Surplus and Other Funds” page of the most recent Statutory Statement filed with the domiciliary Insurance Regulator of such Insurance Subsidiary).

Examples of Policyholder surplus in a sentence

• Policyholder surplus increased by $109M over the past nine months.

• Policyholder surplus is recognized under liability for incurred claims within insurance contract liabilities with the corresponding effect recorded under insurance service expenses.

• Other macro-economic factors include: Growth of Alternative and Convergence Capital (Insurance Linked Securities or ILS) now makes up approximately 12% of the global property reinsurance capital with $72 billion of ILS investments outstanding out of a $565 billion market. Global reinsurers driven aggressively to keep market share Policyholder surplus is near an all-time high of ~$672 Billion @ 3/31/15 Lackluster financial results for Property & Casualty markets.

• Policyholder surplus includes the Bank Settlement Notes issued by the General Account and the Weinstein Notes and Surplus Notes issued by the Segregated Account.

• Policyholder surplus is the regulatory measure of capital available to an insurer (i.e., the amount by which reported assets of an insurer exceed reported liabilities).

More Definitions of Policyholder surplus

Policyholder surplus as to any Insurance Subsidiary of the -------------------- Borrower, as of any date the total amount of surplus as regards policyholders shown on line 27, page 3, column 1 of the 1998 Annual Statement (or any similar line, page and column reference in any subsequent Annual Statement), or an amount determined in a consistent manner for any date other than the one as of which an Annual Statement is prepared.