With regards to valuation of assets by insurance companies, _________ is the value at which the life insurer has purchased or acquired its assets.

The correct answer is Book value.

Book value is the value of an asset as recorded on a company’s balance sheet. It is calculated by taking the original cost of the asset and subtracting any accumulated depreciation. Book value is not necessarily the same as market value, which is the price at which an asset could be sold.

In the context of insurance companies, book value is the value of

124.1c-6.3-23.7-24.8-42.3-48.3-48.6C458.8 64 288 64 288 64S117.2 64 74.6 75.5c-23.5 6.3-42 24.9-48.3 48.6-11.4 42.9-11.4 132.3-11.4 132.3s0 89.4 11.4 132.3c6.3 23.7 24.8 41.5 48.3 47.8C117.2 448 288 448 288 448s170.8 0 213.4-11.5c23.5-6.3 42-24.2 48.3-47.8 11.4-42.9 11.4-132.3 11.4-132.3s0-89.4-11.4-132.3zm-317.5 213.5V175.2l142.7 81.2-142.7 81.2z"/> Subscribe on YouTube