embedded value
noun[CorU]
ukus(abbreviationEV)FINANCE,INSURANCE
thevalueof aninsurancecompanynotincludinganyvaluethat would beearnedin thefuture. It iscalculatedbyaddingthevalueofpresentcashflowsto thenetassetvalue:
Theinsurersaidtaxchangeswouldforceacuttoitsembeddedvalue- whichmeasureshow much a company'sexistingpoliciesandinvestmentsareworth- of up to £300m.