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Assessing the Value of Montana State Fund. Concepts of Value For Insurance Entities Statutory (NAIC) Surplus (Multiple of) No Single Correct or Best Method.

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Presentation on theme: "Assessing the Value of Montana State Fund. Concepts of Value For Insurance Entities Statutory (NAIC) Surplus (Multiple of) No Single Correct or Best Method."— Presentation transcript:

1 Assessing the Value of Montana State Fund

2 Concepts of Value For Insurance Entities Statutory (NAIC) Surplus (Multiple of) No Single Correct or Best Method GAAP Surplus (Multiple of GAAP Book Value) Excess of NAIC Surplus Discounted Surplus Value Economic Value Fair Market Value

3 Assessing the Value of Montana State Fund Concepts of Value For Insurance Entities Other Considerations Actuarial Analysis of the Reasonableness of Loss Reserves Goodwill Residual Market Mechanism Consideration for impact on Montana Businesses and Citizens A Qualified and Willing Purchaser

4 Questions ??

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