Policyholder surplus is the sum remaining after all liabilities are deducted from assets--essentially an insurer's net worth.
Top U.S. P/C Insurers Policyholder Surplus 2003 ($ billions) Berkshire Hathaway Ins Group [00811] State Farm Group [00088] American Intl Group Inc [18540] Allstate Ins Group [00008] Hartford Ins Group [00048] Nationwide …

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