ALLEN BAILEY & ASSOCIATES, INC.
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Financial Reporting


Reserve Valuation.
We have the experience and necessary procedures to serve our clients during what can be chaotic times, such as year-end financial statement preparation, reserve audits, and filing documents.   Our process includes conducting a complete review of the reserve  figures included in  Exhibits 5 and 7, and an abbreviated review of Exhibit 8 to  ensure proper  reporting and prepare any adjustment figures required.    

This process includes the following activities:

Review of reserve factor tables and reports being  used.

Review of summary reserves for Traditional  Life.

Aggregate audits of the increase (including roll  forwards) in the accumulation values for Deferred Annuities and Universal Life  products as well as Refund Accumulation accounts.

Review of trends of relevant factors for all reserve  items. Review Supplementary Contracts in force and  reserves.

Calculate Waiver of Premium – Disability reserve and  Payor Death Benefit reserve.

Calculate Non-Deduction reserve and Deficiency  reserve.

Review  reserve factors on new plans and additional  plans not reviewed since the  last review date.

Review of Reinsurance Ceded reserves; Review of   Incurred But Not Reported Claims Liability.

Review of other liability  items such as the  Provision for Refunds Liability and the Advance Premium  Liability.

IMR/AVR  determinations.

Quarterly Reserve Valuation.
Assistance with quarterly (monthly) financial reporting and  quarterly statement preparation can be provided.  Specifically, Exhibit 5, 7, and 8  liabilities will be calculated and reported to your Society.   Additionally, AVR and IMR calculations will be provided as well.  This information can typically be  provided within 2-3 business days following the receipt of the necessary data.

Complete Annual/Quarterly NAIC Financial Statement Preparation.
We have the capabilities to provide full annual statement and  quarterly statement preparation including submission services to the NAIC and applicable state departments.  These services can be all-encompassing inclusive of full NAIC correspondence  or can be provided on an ad hoc basis and customized to your needs. 

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Our mission statement, "constantly pursuing expeditious perfection," goes to the heart of who we are.                -Allen Bailey
  • Home
  • AB's Vision
  • About Us
  • Services
    • Actuarial >
      • Product Development
      • Cash Flow Testing
      • Financial Analysis
      • Mergers & Acquisitions
      • Financial Reporting
      • Experience Studies
      • Risk-Based Capital
      • Management Consulting
    • Software
    • Data Processing
    • Compliance
    • Fraternal Strategy
  • Our Team
  • Our Mission
  • Contact Us
  • AB White Paper 1