Loss (Gain) on Sale of Assets- Operating (SF.IS.LossOnSaleOfAssets_Operating) refers to the excess of sales proceeds over the net book value (purchase price less accumulated depreciation) of a fixed asset. It also reflects gains/losses on the sale of stakes in group companies. The disposal of assets includes sale, exchange or abandonment…
Loss Adjustment (SF.CF.LossAdjustment) is the reversal of non-cash expenses of estimated losses on unreported cases as well as cases that have been reported but are still under process. Loss Adjustment (SF.CF.LossAdjustment) does not include: Unpaid loss expenses, where a case is reported, and loss amount has been confirmed (shown in…
Losses, Benefits, and Adjustments (SF.IS.Losses_Benefits_Adj) refers to the losses paid to policyholders, loss adjustment expenses, and benefits to life policyholders as expenses to insurance policies. Loss adjustment expense refers to the expenses for the investigation of designated events that happened, estimation of losses, and any other activity after the event…
Losses, Benefits, and Adjustments, Total (SF.IS.Losses_Benefits_AdjTotal) refers to the sum of: Losses, Benefits, and Adjustments (SF.IS.Losses_Benefits_Adj) Underwriting & Commissions (SF.IS.UnderwritingAndCommissions) Reinsurance – Expense (SF.IS.ReinsuranceExp)
Losses, Benefits, and Adjustments, Total (SM.Losses_Benefits_AdjTotal) represents the sum of- Losses, Benefits, and Adjustments, Underwriting & Commissions and reinsurance expenses. Here, Losses, Benefits, and Adjustments refers to the losses paid to policyholders, loss adjustment expenses, and benefits to life policyholders as expenses to insurance policies. It is generally equivalent to…
