Investment Income Reporting in the Property and Casualty Insurance Industry: A Critical Assessment.
通过分析财产与意外保险公司的年报数据，探讨投资活动对承保业务的影响，并评估当前披露要求及会计准则提案的合理性。
Abstract The role of investment for property and casualty insurance companies is the subject of much recent attention. Controversy centers around a determination of the extent to which such companies benefit from the investment of premium dollars. It has been thought that insurers set premium rates based on the risks involved in underwriting a given coverage. This paper explores the role of investment activities for property and casualty insurers through an analysis of income statement data and management summary statements from published annual reports for a sample of companies. Results are discussed in terms of current disclosure requirements as well as the Financial Accounting Standards Board proposal to amend such reporting. The management summaries indicate that investment activities are vital to property and casualty operations, and have become linked to underwriting considerations. Furthermore, the reports show that investment operations encompass more than simply the acquisition of stocks and bonds to yield dividend and interest revenue.