What is Statutory Surplus?
Statutory Surplus The excess of an insurance company's admitted assets over its liabilities, as calculated under statutory accounting principles for regulatory purposes.
Source: CFA Institute, IFRS Foundation, FASB (GAAP), Basel III Framework
How is “Statutory Surplus” Used in Practice?
Insurers must maintain adequate statutory surplus to satisfy regulatory solvency requirements and policyholder protection.
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Who Needs to Know This Term?
- Financial Analysts
- Bankers
- Traders
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What is Statutory Surplus?
The excess of an insurance company's admitted assets over its liabilities, as calculated under statutory accounting principles for regulatory purposes.
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