ADJUSTED SURPLUS
An insurance company's surplus that is different from the statutory surplus of the company because of its adjustments. The Adjusted Surplus is calculated by combining the Asset Valuation Reserve, Interest Maintenance Reserve, and statutory surplus.
It is identified through the accounting treatment of liabilities and assets. Insurance companies are obliged by the NAIC (National Association of Insurance Commissioners) to conserve reserves as a cushion for potential credit losses and equity.
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Net Sales
It refers to the gross revenues minus returns and discounts of a company. It is the amount presented in an income statement under sales revenue.
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