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The solvency ratio of an insurance company is the size of its capital relative to all risks it has taken. The solvency ratio is most often defined as: The solvency ratio is most often defined as: n e t . a s s e t s ÷ n e t . p r e m i u m . w r i t t e n {\displaystyle net.assets\div net.premium.written}
The system acts as an early-warning protection, which aids state insurance departments to pick out those companies that show financial problems. The ratios are merely guidelines, though: often a financial disaster comes without warning, or defies prediction. [1]
United States: 226.2 2 Centene Corporation United States: 120.3 3 Elevance Health United States: 117.4 4 China Life Insurance China: 115.1 5 Ping An Insurance China: 114.7 6 Kaiser Permanente United States: 106.4 7 Axa France: 95.7 8 Allianz Germany: 88.9 9 People's Insurance Company of China China: 84.5 10 Assicurazioni Generali Italy: 80.3 11 ...
In 1820, there were 17 stock life insurance companies in the state of New York, many of which would subsequently fail. Between 1870 and 1872, 33 US life insurance companies failed, in part fueled by bad practices and incidents such as the Great Chicago Fire of 1871. 3,800 property-liability and 2,270 life insurance companies were operating in ...
The total-debt-to-total-assets ratio is one of many financial metrics used to measure a company’s performance. In this case, the ratio shows how much of a company’s operations are funded by debt.
Insurance in the United States refers to the market for risk in the United States, the world's largest insurance market by premium volume. [1] According to Swiss Re, of the $6.782 trillion of global direct premiums written worldwide in 2022, $2.959 trillion (43.6%) were written in the United States. [1]
Prudential ranked No. 52 in the 2018 Fortune 500 list of the largest United States corporations by total revenue. [37] As of 2019, Prudential is the largest insurance provider in the United States with $815.1 billion in total assets. [38] See also the article on the Prudential Spirit of Community Award.
It is licensed in 49 states and Washington, DC. In New York it has Standard Life Insurance Company of New York. The average loan-to-value ratio on new loans was 64 percent in 2008. Standard Insurance Company has maintained an “A” rating or higher from A.M. Best Company since 1928. Assets $14.56 billion (March 31, 2009). 3,400 employees in 2008.