A.M. Best launches 15 global stock indexes.A.M. Best has released 15 stock indexes covering publicly traded companies in sectors of the United States and global insurance industry. Companies on the list include insurers and reinsurers with interactive ratings from the A.M. Best Co., along with insurance brokers. The indexes are compiled in real-time and distributed on major financial wires by Dow Jones Indexes. All 15 indexes begin with the letters "AMB AMB Ambient AMB Ambassador AMB Amber AMB Ambulance AMB Associação Médica Brasileira (Brazil) AMB Ambulatory AMB Advanced Memory Buffer (FBDIMM control unit on DRAM) " and are followed by letters indicating the sector they cover. The indexes also are available in real-time at www.ambest.com/stocks. The 15 indexes and their symbols include: * A.M. Best's Global Insurance Composite Index Composite Index A grouping of equities, indexes or other factors combined in a standardized way, providing a useful statistical measure of overall market or sector performance over time. Also known simply as a "composite". AMBG AMBG Arab-Malaysian Banking Group (Malaysia) * A.M. Best's Global Reinsurance The contract made between an insurance company and a third party to protect the insurance company from losses. The contract provides for the third party to pay for the loss sustained by the insurance company when the company makes a payment on the original contract. Index AMBGR * A.M. Best's Global Multiline Insurance Index AMBGML * A.M. Best's Global Nonlife Insurance Index AMBGNL * A.M. Best's Global Life Insurance Index AMBGL * A.M. Best's Global Insurance Brokers Index AMBGB * A.M. Best's European Insurance Index AMBEUR * A.M. Best's Asian/Pacific Insurance Index AMBAP * A.M. Best's U.S. Composite Insurance Index AMBUS AMBUS ambulance bus (US DoD) * A.M. Best's U.S. Multiline Insurance Index AMBUML * A.M. Best's U.S. Property/Casualty Insurance Index AMBUPC * A.M. Best's U.S. Life/Health Insurance Index AMBULH * A.M. Best's U.S. Life Insurance Index AMBUL * A.M. Best's U.S. Health & HMO HMO health maintenance organization. HMO n. A corporation that is financed by insurance premiums and has member physicians and professional staff who provide curative and preventive medicine within certain financial, Insurance Index AMBUH * A.M. Best's U.S. Insurance Brokers Index AMBUB Those wishing to track the performance of publicly traded insurers can use the indexes for comparison purposes. The indexes can be followed by tracking the index symbol on any of the stock-tracking services. The indexes will also be covered regularly in A.M. Best's news publications including Best's Review. For a video presentation explaining the new indexes, visit: www.ambest.com/video/ambindexes. Each index is based on the aggregation of the prices of the individual publicly traded stocks, converted to U.S. dollars, and weighted for their respective free float Free float An exchange rate system characterized by the absence of government intervention. Also known as clean float. market capitalizations. Each stock is assigned to subsidiary indexes based on the location of the exchange on which it primarily is traded, and by the company's primary business. Primary business is determined by latest year-end net premiums written. Stocks assigned to the Multi-Line Indexes have 11% or more of annual NPW NPW National Payroll Week NPW National Police Week NPW Net Premiums Written NPW Net Present Worth NPW NASA ParaWing (kite) NPW Not Proceeded With NPW New Pals Welcome (swapping) generated by insurance segments other than their primary insurance business. Weightings of underlying stocks in each segment are adjusted as needed for occasional additions and deletions due to market entry or market departure, stock issuance or repurchases, stock splits, mergers or acquisitions, and changes in status of a company's interactive Best's Rating. The value of each segment is indexed to Dec. 31, 2004 = 1,000.00. The indexes are calculated by Dow Jones Indexes using the methodology detailed at the following link: http://www.djindexes.com/mdsidx/downloads/ DJGI DJGI Dow Jones Global Index _Rulebook.pdf. |
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