Valuation of insurance company shares

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<title>Valuation of insurance company shares</title>
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<namePart>Dias, Stephen</namePart>
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<dateIssued encoding="marc">2005</dateIssued>
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<abstract>Valuation approaches in general -- Comments on approaches -- Sum of the parts -- Dynamic approach needed for valuation -- Do not forget the basics! -- Special situations -- Beware rights issues! -- M&A-short term probability model -- P/B and ROE-definitions -- P/B and ROE-determination of K -- P/B and ROE-the formula -- P/B and ROE-Other variations-fade approach -- Valuation and share prices -- Valuation of insurance company shares -- Special features of insurance business -- Life assurance -- Profit  signature of endowment policy -- Accounting and valuation implications -- Non life insurance -- Example of underwriting results-Premium =100 -- Valuation implications -- Definitions of the key valuation terms in insurance -- EV methodology -- ROEV approach now in place -- Adjustments from stated figures to EV figures -- Main adjustments towards EV -- Example of adjustments to IAS equity to embedded value -- An example: RAS EV- A daily updated is applied -- An example: RAS ROEV -- The appraisal value approach -- Comments on appraisal values -- Reconciliation  between P/EV and appraisal value -- Disclosures</abstract>
<note type="statement of responsibility">by Stephen Dias</note>
<note>Ponencia presentada en el MBA  Executive </note>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080590567">
<topic>Empresas de seguros</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080609184">
<topic>Valoración de empresas</topic>
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<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080602437">
<topic>Matemática del seguro</topic>
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<publisher>Madrid : Fundación MAPFRE Estudios</publisher>
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<part>
<text>January 2005 ; [33] p.</text>
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