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The 1-day Financial Statement Analysis Program provides participants with a broad understanding of the financial information that is used to assess the financial strength and performance of insurance companies. The course focuses on the value of balancing qualitative and quantitative analysis, the benefits and limitations of ratio analysis and the need to adjust the analytic approach to reflect the key drivers of performance for the company. In addition, the course addresses the approach used by rating agencies and insurance regulators to assess the credit risk of insurance companies.
The program is built around a series of group exercises and an illustration case, which are designed to demonstrate the application of key learning points. The illustration case will be a life insurance company.
Course Objectives
By the end of the program, the participant will be able to:
- Identify the information contained in the financial statements of an insurance company and why the focus of the financial analysis would differ from other sector/industries
- Discuss the key differences in the presentation of an insurance company’s financial statements under US GAAP versus statutory accounting
- Identify key ratios used in financial statement analysis and the importance of balancing quantitative and qualitative analysis
- Discuss the benefits and limitations of key financial ratios
- Identify how equity analysts, credit analysts, and rating agencies analyze financial statements and ratios for insurance companies
- Evaluate some of the key information contained in the footnotes to the annual report and other supplemental information
Suggested Prerequisites:
- Fundamentals of the Capital Markets/Securities Industry or equivalent knowledge
Program Level:Foundational
Advance Preparation: Equity and credit reports on select companies
Computers and Financial Calculators: Calculators
Recommended CPE Credits:7