AVR

(redirected from Asset Valuation Reserve)
Also found in: Financial.

AVR

(1) (Automatic Voltage Regulation) See voltage regulator.

(2) See A/V receiver.
References in periodicals archive ?
To arrive at the company's actual surplus, the formula would adjust statutory statement surplus by adding in any voluntary reserves for default losses on real estate and mortgages, the Asset Valuation Reserve and 50 percent of the annual statement dividend liability.
Mathas said, "Our record level of surplus and asset valuation reserve is a good indicator of the fundamental health of the enterprise.
5 million as a result of recording a deferred tax asset valuation reserve, which was partially offset by a $1.
5 million fixed asset valuation reserve, and a $90,000 reserve for bad debts expense.
2 million in employee severance pay and related costs, a $195,000 fixed asset valuation reserve, and a $82,000 reserve for bad debt.
2 million reduction in the Company's deferred tax asset valuation reserve, resulting in a net tax benefit of $3.
New York Life Insurance Company 2004 Financial Highlights (in millions) 2004 2003 Assets Under Management* $ 214,949 $ 202,131 Adjusted Operating Revenue** $ 10,397 $ 9,645 Net Income*** $ 1,294 $ 1,120 Adjusted Operating Earnings $ 1,020 $ 879 Surplus and Asset Valuation Reserve $ 11,838 $ 10,810 Individual Life Insurance In Force $ 616,101 $ 556,049 *Represents Consolidated Domestic and International Insurance Company Statutory assets and third-party assets principally managed by New York Life Investment Management LLC, a wholly owned subsidiary of New York Life Insurance Company.
Partially offsetting these factors are the life company's elevated exposure to common stocks and its impact on net income and asset valuation reserve, lower operating profitability and surplus strain due to acquisition costs of writing increased amounts of new business.
Statutory capital and surplus--including the asset valuation reserve and 50% of the policyholders' dividends liability--decreased $3.
At September 30, 1997, consolidated adjusted surplus, which includes the interest maintenance reserve and asset valuation reserve, stood at $254 million.
Temporary differences include unrealized gains and losses and nonadmitted assets, but do not include differences between SAP and tax for asset valuation reserves, interest maintenance reserves, Schedule F penalties, policyholder surplus attributable to stock life insurance companies prior to 1984 and, in the case of a mortgage guaranty insurer, amounts attributable to a statutory contingency reserve to the extent "tax and loss" bonds have been purchased.