Future Policy Benefits
"Future Policy Benefits" is not a commonly used financial metric or ratio. However, in the insurance industry, it can refer to the estimated value of future benefits on policies that the company has already issued but has not yet paid out. It is also known as "Future Policyholder Benefits" or "Policy Reserves." The calculation involves estimating the future cost of claims based on actuarial assumptions and discounting the value back to the present. This metric is important for insurance companies to manage their financial strength and solvency, as they must ensure that they have enough reserves to meet their future obligations to policyholders.
Additional Details
| Metric Name |
Type |
Default Period Type |
| future_policy_benefits |
fin_statement |
FY |
| Data Format |
Display Format |
Unit |
| float |
financial |
usd |