Sentences with phrase «deferred policy acquisition»

This field now excludes deferred policy acquisition costs for insurance firms, which Thomson Reuters does not designate as a current asset.

The increase was primarily the result of a change in U.S. GAAP concerning deferred policy acquisition costs («DPAC»).

Not exact matches

Policy acquisition costs related to policies written and renewed after December 31, 2011 are being deferred at lower levels than in the past.

Adjusted Operating Earnings represents GAAP net income adjusted for exclusion of, a) investment gains and losses, net of tax, b) dividends on participating life policies related to capital gains, c) equity base tax (release), d) a deferred tax benefit associated with a foreign subsidiary, and e) the inclusion of certain statutory interest maintenance reserve amortization, net of tax, with an offset for amortization of deferred acquisition costs where applicable.