Source of Earnings for UL and ILP Products
OPBT Rollforward Analysis Summary Fee Based Income Insurance Operating Income Beginning – Last Year One-off – Claims Experience Actual claim profits – Expected claim profits, from basic and UDR products Actual claim profits – Expected claim profits, from PPR products Expense Experience Actual expense profits – Expected expense profits Lapse and Persistency Experience Anything else that are difficult to explain Profit Growth from In-force Expected profit from in-forced policies (separated by previous cohorts) Profit from New Business Expected profit from new policies (separated by current cohort) Current Year One-off (Technical Initiatives) – Current Year One-off (Others) – Ending – Par and Spread Beginning – Last Year One-off – Business Growth – Change in LTIRA – Change in Fixed Income Yield – Change in Asset Mix – Change in Interest Required on Liability Expected interest required Current Year One-off (Technical Initiatives) – Current Year One-off (Others) – Ending – Return on Surplus Assets Beginning – Last Year One-off – Normalized Surplus Growth – Market Fluctuation – Change in LTIRA – Change in Fixed Income Yield – Change in Asset Mix – Current Year One-off (Technical Initiatives) – Current Year One-off (Others) – Ending – Claims Experience Claim Profit Fee Based …
