The blue book balance sheet

By Steve Savant

Every carrier must file their financials with every state. That financial filing is called the convention blank (I’m not kidding!), and some refer to it as the blue book, because its cover is blue and it’s as large as a family Bible. But it contains carrier information that competition desks long to see, and Steve Savant as well, for that matter. In this episode, Steve and Ken explore the basic balance sheet items of a summary statement to give you an insider’s view (much like an accountant) of the strengths and weaknesses of insurance carriers.