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Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?

To: Mama Bear who wrote (3445)	10/6/2000 7:25:54 PM
From: AK2004	Respond to of 4155

Mama Bear Definitions are very much dependant on the accounting basis. gaap (not my area) and economic based valuations both define equity. On economic basis that would be the price and would be defined purely by market and hence by expectations. That is also so called "true" equity value. Gaap considerations are different. Among one of the gaap goals is to provide values that are fairly stable and hence thing like dac are introduced. Yet even gaap provides provisions for unlocking assumptions to tie it to reality somehow or somewhat. Having said that I surrender as either statutory or gaap definitions are more commonly used than economic. Regards -Albert