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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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VNB margin

Fundamental analysis
Also called: Value of new business margin

Value of new business as a percentage of the premium written on that business — a life insurer's core profitability ratio.

In plain terms

It stands in for net margin, because an insurer's reported profit falls precisely when it sells more. A fast-growing insurer looks worse on P/E than one that has stopped selling.

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Indian stock market glossary · Market Vidyalaya