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Definition of PVNBP
Present Value of New Business Premiums (in life insurance). PVNBP is a measure of new business sales - today’s value of the new business premiums. This includes single premium business written during the year and regular premium business written during the year - all discounted back to present day values to take into account the time value of money. PVNBP expresses the value of premiums that the insurance company will get over the life of new policies in terms of what they are worth today.
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