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inherited estate

  1. M

    With-profits EV

    I was hoping to get some help on this but thought I'd start a new thread. I'm struggling to grasp the way it's explained above given that PVIF = PV(shareholder cashflows) + PV(change in reserves) My understanding is: The projected assets would also include: (charges for cost of smoothing...
    • Mbotha
    • Thread
    • embedded value estate inherited estate pvif risk margin shareholder transfers with profits with-profits
    • Replies: 14
    • Forum: SA2
  2. B

    Undistributed surplus vs. inherited estate

    Hi, Ref 1: CMP, Ch15, page 9 Ref 2: Flashcard Ch15, card 8 The core reading defines inherited estate as: "the existence of capital within the with-profits fund that has arisen from under-distribution to past generations of policyholders, often referred to as the “inherited estate”..." The...
    • Benjamin
    • Thread
    • inherited estate surplus with profits
    • Replies: 1
    • Forum: SA2
  3. M

    Capital Management (ch15)

    I have some questions on available and required capital: Does required capital ("regulatory capital") refer to SCR only or SCR + risk margin? Is "available capital" within a with-profits fund = the inherited estate? Pg4 states "...whilst theoretically the whole company belongs to the...
    • Mbotha
    • Thread
    • available capital inherited estate mutual required capital
    • Replies: 27
    • Forum: SA2
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