Uncommitted Facility
An uncommitted facility is a short-term lending arrangement in which a lender agrees it may make funds available to a borrower but has no…
Uncle Sam
KEY TAKEAWAYS – “Uncle Sam” is a national personification of the United States—usually of the federal government (and often specifically the IRS in financial…
Unclaimed Funds
Unclaimed funds (also called unclaimed property or abandoned property) are money and other financial assets that belong to an individual or business but haven’t…
Unbundled Life Insurance Policy
An unbundled life insurance policy—commonly called universal life insurance—combines a death benefit with a savings/investment (cash value) component. Part of each premium funds the…
Unappropriated Retained Earnings
Key takeaways – Unappropriated retained earnings are the portion of a company’s retained earnings that has not been earmarked (appropriated) by the board for…
Unamortized Bond Premium
• An unamortized bond premium is the remaining amount by which a bond’s carrying (book) value exceeds its face (par) value when the bond…
Unamortized Bond Discount
An unamortized bond discount is the portion of the difference between a bond’s face (par) value and the proceeds received at issuance that has…
Unallocated Loss Adjustment Expenses Ulae
• Unallocated loss adjustment expenses (ULAE) are insurer overhead costs of handling claims that cannot be tied to any single claim (e.g., salaries, office…
Unaffiliated Investments
A clear, practical guide for insurers and analysts Key takeaways – Unaffiliated investments are assets an insurer owns but does not control or jointly…
Unadjusted Basis
Summary Unadjusted basis (sometimes called initial basis) is the starting dollar amount assigned to an asset when it is acquired. It represents the cost…