Personal Financial Statement

[accounting2014]

What is the calculation/definition for personal "adjusted net worth"?

 

[victoredwards]

Adjusted net worth is a method for valuing an insurance company using surplus values, capital values, and an estimated value for business. Start with the estimated value for business and add unrealized capital gains, the voluntary reserves and the capital surplus.
Adjusted Net Worth = Personal Assets – Personal Liabilities – [Equity in primary residence + value of ownership interest in applicant business + value of any IRA/401(k) or other retirement account that is subject to a penalty for early withdrawal]

 

[accounting2014]

Thank you!! Greatly appreciated