The largest liability category on the balance sheet of U.S.life insurance companies as of 2015 was

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Net policy reserves are the reserves set aside by life insurance companies to pay out future policy benefits to their policyholders. It is the largest liability category on the balance sheet as it represents the future financial obligations of the company. Policy claims represent the actual payouts made by the company to its policyholders, while premium and deposit funds and commission, taxes and expenses are revenue and expense categories respectively.

The Largest Liability Category on the Balance Sheet of U