Thank you for sharing!

Your article was successfully shared with the contacts you provided.

Proposed changes in U.S. accounting standards aimed at bringing them in line with those used by European firms would “radically transform” the accounting methodology used by property and casualty and life insurers, according to an investment banking firm.

An investor’s note from Sandler O’Neill & Partners, a specialist in financial firms, said the proposed new standard would also increase earnings volatility and “alter the relevance of historical valuation measures, such as book value and return-on-equity.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.