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Financial Analysis of Life Insurers
July 14-15, 2016

Agenda is tentative. Please check back for updates.
Day One - July 14
7:30 am

Registration and Continental Breakfast Open

8:30 am

Introduction and Overview

  • Operating cycle illustrations
  • Key risks
  • Statutory Financial Statement Review
9:30 am

Analytical Program

  • Causes and Probabilities
  • Fundamental Analysis
  • Building the Company Profile
10:15 am

Refreshment Break

10:30 am

Regulatory Control Models / Solvency Ratios

  • Insurance Regulatory Information System (IRIS)
  • Fast Ratios-Financial Analysis Solvency Tools
  • Risk Based Capital Calculation
11:30 am

Test Systems

  • Key Test Ratios
  • Basic Performance Measures
  • Combined and Operating Ratios
12:00 pm


1:00 pm

Asset Composition and Detail

  • General Assets
  • Schedules D, A, B, and BA
  • Analyzing quality
2:15 pm

Refreshment Break

2:30 pm

Profitability / Operations

  • Key questions to ask
  • NAIC ratios
  • Seven key ratios
  • Development of reserves
5:00 pm

Day One Concludes

Day Two - July 15
8:00 am

Continental Breakfast Opens

8:30 am

Leverage / Liquidity

  • Definitions
  • Key concepts and ratios
  • The need for liquidity
  • Liquidity Quick Ratio Calculation
10:15 am

Refreshment Break

10:30 am

Analysis of Revenue Scores / Profitability

  • Utilizing business profiles
  • Solvency liquidity current ratio
  • Calculating gross investment yield
12:00 pm


1:00 pm

Capital Management

  • Top Issues
  • Understanding and defining risk considerations
  • Adjusted surplus and liabilities
  • Generalized strength ratios
  • Embedded value
  • Solvency indicators
  • Red flags
2:15 pm

Refreshment Break

2:30 pm

Risk Based Capital

  • What is it?
  • Risk Based Capital Ratio
  • Measurement concepts
  • Risk considerations and factors
  • Regulatory intervention
  • Strategic implications
5:00 pm

Program Concludes

Kevin Oates
Kevin OatesInstructor, SNL Knowledge Center

Kevin has spent his entire career in the insurance industry and since 1996 has worked as an independent consultant and instructor conducting in-house and open enrollment training for Wall Street and industry firms. Prior to 1996 he was senior vice president of an international insurance/reinsurance consulting firm, providing management and accounting services to private and public institutions. Kevin's industry management background includes executive financial positions with holding companies, underwriting organizations, and as vice-president of reinsurance operations with a reinsurance intermediary. In 1988, he co-founded a consulting firm, which was subsequently merged into an international network. His instructing background includes positions as an adjunct instructor of accounting at Queens College, Rutgers University, and as an instructor in property/casualty insurance accounting and annual statement preparation at the New York College of Insurance. Kevin is a graduate of New York University, and received an MBA in Corporate Finance from Rutgers University. He is a Fellow of the Life Management Institute (FLMI), and holds the Associate in Reinsurance (ARE), and Associate in Insurance Accounting and Finance (AIAF) designation from the Insurance Institute of America. He is the author of the Reinsurance Accounting Chapter of the Strain Reinsurance Textbook and a contributing author to the NAIC Receiver's Handbook.

Event Date:
July 14-15, 2016
Event Location:
Downtown Conference Center
157 William Street
New York, NY, US
Registration Fee:

Your registration includes all program work materials, plus continental breakfast and lunch both days.

New special discounted combo price! For $3590, take both Fundamentals of Life Statutory Accounting and Reporting and Financial Analysis of Life Insurers. To register at this special price, please contact us at +1 (888) 991-7786.

Please note: This price is only valid for classes purchased after June 3. This discount is only valid when registering for both classes at the regular price and cannot be combined with any other discounts.

Group Pricing Discounts for Seminars


Number of Attendees

*Excludes conferences and partnership programs - call for more information

Contact us at +1 (888) 991-7786 to register your group or inquire about in-house training

Discounts only apply on regular prices and cannot be applied to early bird pricing and special offers

Financial Analysis of Life Insurers is designed for professionals who have mastered a basic understanding of insurance industry accounting (as covered in our seminar Fundamentals of Life Statutory Accounting and Reporting) and work as:

  • Buy-side and sell-side investment analysts who need the intermediate skills to understand and analyze life insurers
  • Corporate and business development professionals performing competitor analysis
  • Life insurance underwriters looking for insight into the financial effects of their activities on the company
  • Legal advisor and management consultants looking to better advise their clients
Event Date:
July 14-15, 2016
Downtown Conference Center
157 William Street
New York, NY, US

Directions to the Downtown Conference Center can be found by clicking the map below:

Downtown Conference Center - Map


Although lodging is not provided as part of this program, the hotels listed below are convenient to the Downtown Conference Center.

Millennium Hilton
55 Church St.

Gild Hall
15 Gold St.

Seaport Inn 
33 Peck Slip

Hampton Inn Seaport
320 Pearl St.

Conrad Hotel
102 North End Ave.

Eurostars Wall Street Hotel 
129 Front St.

Wall Street Inn 
9 S William St.

Ritz-Carlton Battery Park 
2 West St.

CFA Institute
13.5 Hours of Continuing Education Credit

SNL Knowledge Center is registered with CFA Institute as an Approved Provider of professional development programs. This program is eligible for 13.5 CE credit hours as granted by CFA Institute If you are a CFA Institute member, CE credit for your attendance at this event will be automatically recorded in your CE Diary upon request.
National Association of State Boards of Accountancy
16 Hours of CPE Credit

Participants who complete this program qualify for 16 hours of CPE credit (Specialized Knowledge and Applications). Program Level: Intermediate. Delivery Method: Group-Live. SNL Knowledge Center is registered with the National Association of State Boards of Accountancy (NASBA), as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 4th Ave N, Ste 700, Nashville, TN, 37219-2417. Website: www.nasba.org.

What is the dress code?
Business casual

Do I need a laptop?

Are meals included?
Your registration includes continental breakfast and lunch both days.

Where should I stay?
Information about accommodations can be found under the "Venue and Accommodations" tab at left.

When does the program start? When does it end?
The program begins at 8:30 a.m. on both days. (Registration opens at 7:30 a.m. on Day One) The program concludes at approximately 5 p.m. on both days.

What is the cancellation policy?
Cancellations for this program are eligible for a full refund, less a $150.00 administrative fee, if received at least 15 business days prior to the start of the program. Cancellations received after that date but at least 5 business days prior to the start of the program receive a credit in the amount of the registration fee, less a $150.00 administrative fee, to attend another SNL Knowledge Center program within 13 months. Cancellations received fewer than 5 business days prior to the start of the program are not eligible for a refund or credit.

Attendee substitutions from the same company may be made at any time.

In the event of a cancellation from a group discount, refunds or credits are issued beginning with the most heavily discounted price, minus a $150.00 administration fee.

"No shows" - or those who cancel within 15 days of the program - and have registered under the Invoice option, remain liable for the full program fee.

SNL Knowledge Center reserves the right to cancel/change programs, content, speakers or venue at any time. SNL Knowledge Center reserves the right to make portions of the program registration information available to program sponsors. SNL Knowledge Center will not be held liable for any costs incurred by registrant due to individual registration cancellation. In the event that a seminar is cancelled due to inclement weather, faculty cancellation or force majeure, SNL Knowledge Center will refund the registrant's tuition in full, however SNL Knowledge Center will not be liable for incidental or consequential out of pocket expenses incurred by the registrant. If you have questions regarding SNL Knowledge Center's refund, complaint or program cancellation policy, please call us at (434) 951-7786.

Registrant, as an individual person attending a SNL Knowledge Center conference, seminar, or other program, hereby grants permission to the SNL Knowledge Center to use and publish his or her image, likeness, or testimonials collected in connection with the program for advertising and trade purposes in connection with SNL Knowledge Center’s conferences, instructional, and/or marketing activities.