valuation reserve
- n a reserve fund created by a charge against profits in order to provide for changes in the value of a company's assets
valuation reserve :
Search Words
News & Articles
- New York Life Announces 2013 Financial Results
NEW YORK--(BUSINESS WIRE)--New York Life Insurance Company, America’s largest mutual life insurance company1, announced an 11 percent increase in 2013 operating earnings to a record $1.76 billion, driven by strong performances in both its Insurance and Agency and Investments businesses. The company’s record surplus and asset valuation reserve, which reached $21.1 billion in 2013, coupled with ...
April 1, 2014 - Business Wire