Actuarial Books
The Society of Actuaries (SOA) publishes actuarial science textbooks on a variety of professional interest topics. Authors are subject matter experts in their respective fields. To purchase a book, either click on the "Purchase" link corresponding to the book or fill out an order form.
US GAAP for Insurers
Available for purchase
Robert G. Frasca and Mark J. Freedman, Editors. 2024. 768 pages.
The SOA offers US GAAP for Insurers, the third edition, which significantly revises the second edition from 2006 (titled US GAAP for Life Insurers). US GAAP for Insurers offers a comprehensive analysis of US Generally Accepted Accounting Principles. The third edition’s scope has expanded to cover property and casualty insurance and is designed to assist actuaries, accountants and other professionals who help prepare and review insurance company financial statements submitted in accordance with GAAP.
Download Companion Spreadsheets
$285 Online eBook
$310 Online eBook + Softcover
$335 Online eBook + Hardcover
Financial Reporting
International Financial Reporting for Insurers
R. Thomas Herget, Mike Lockerman and James B. Milholland, Editors. 2023. 408 pages.
The International Financial Reporting for Insurers (IFRI) book is a collaborative effort by actuaries and accountants to assist in understanding the concepts behind financial reporting under the International Financial Reporting Standards®(IFRS®) issued in May 2017: It has been updated to include amendments through June 2022. The IFRI book, written by North American authors, offers a comprehensive analysis that focuses on accounting for the entire insurance entity, not just its insurance contract. IFRI offers 408 pages of material, plus five product-specific Excel workbooks to amplify the principles covered in the book.
Free amendment updates with Online eBook.
$249 Online eBook
$274 Online eBook + Softcover
$299 Online eBook + Hardcover
General Insurance Financial Reporting Topics, Fifth Edition
Society of Actuaries. 2021. 479 pages.
This text presents a variety of financial reporting topics that are important to general insurance actuaries. It covers a review of basic accounting concepts, key topics from U.S. statutory accounting for general insurers, the measurement of the financial health of general insurers, Statement of Actuarial Opinion and federal income taxes for general insurers. The fifth edition’s major revisions are that it now includes a summary of the NAIC Annual Statement and a review of accounting transactions with direct charges and credits to surplus; it was rewritten to follow the current Schedule F (from the NAIC’s 2018 revision); the section on risk-adjusted returns was significantly revised; and it was updated to be current with the NAIC RBC calculation.
$95
General Topics
E-Learning Module Readings, Volume I: Foundations, First Edition, Pre-Actuarial Foundations Module, Actuarial Science Foundations Module
Karen L. Anway, Jeffrey A. Beckley, Stuart A. Klugman, and Matt Varitek. 2026. 347 pages
Are you completing and preparing for the Pre-Actuarial Foundations and Actuarial Science Foundations e-learning modules assessments? This collection compiles essential readings to support your learning and reinforce key concepts. It includes articles, excerpts and professional materials designed to complement module content and provide deeper context when needed. Topics cover the role of actuaries, core financial risk concepts and how actuarial work informs business decisions. Real-world examples illustrate everyday actuarial practice across global contexts, helping you connect theory to application and build practical understanding for assessments and exercises.
$50 Digital License
$95 Printed and Digital License
E-Learning Module Readings, Volume II: Fundamentals, First Edition, Fundamentals of Actuarial Practice Course
Karen L. Anway, Jeffrey A. Beckley, Stuart A. Klugman, Matt Varitek, and Toby A. White. 2026. 695 pages.
This collection of readings is designed to support and complement the Fundamentals of Actuarial Practice e-learning course modules and help you prepare for the assessment. It includes articles, excerpts, transcripts and other professional resources that provide additional context and deeper exploration of key topics as they arise. Through practical examples and real-world applications, the readings illustrate how actuaries apply actuarial principles and practices in their everyday work.
$200 Digital License
$260 Printed and Digital License
Loss Models: From Data to Decisions, Fifth Edition
Stuart A. Klugman, Harry H. Panjer, Gordon E. Willmot. 2019. 552 pages.
This edition provides updated material for the revised Short-Term and Long-Term Actuarial Mathematics exams (STAM and LTAM). It provides techniques to use loss data to build models for assessing risks of any kind. The accompanying Solutions Manual provides detailed solutions to the book’s many exercises, some of which are drawn from past SOA examinations.
Note: The SOA has partnered with the publisher of Loss Models: From Data to Decisions, John Wiley & Sons Inc.,
, to secure a SOA member discount for this book and other professional development books published by Wiley. (The discount applies ONLY to books published by Wiley.) The 15 percent discount should calculate upon checkout. If this discount does not appear, SOA members should enter discount code "SOAMB."
$160 Textbook
$40 Solutions Manual
Enterprise Risk Management for Small- and Medium-Sized Enterprises
Jeyaraj (Jay) Vadiveloo, Editor. 2015. 165 pages.
This book explores enterprise risk management (ERM) in a comprehensive manner for small- and medium-sized businesses. A reference tool for providing education and training for small business owners, it can help corporations improve their overall ERM practices by focusing on developing ERM principles for the various enterprises supporting them. It also serves as a textbook for students.
$65
Understanding Actuarial Practice
Stuart A. Klugman, Jeffrey A. Beckley, Patricia L. Scahill, Matthew C. Varitek and Toby A. White. 2012. 509 pages.
This book focuses on fundamentals of actuarial practice, including finance, life insurance and annuities, retirement benefits, and health insurance.
$135
What Do You Think? Preparing for the Question That All Clients Ask
Bradley M. Smith. 2010. 109 pages.
This book focuses on actuarial consulting, including how to succeed with a career, insights on leadership and management, and other career information.
$20
Actuarial Mathematics, Second Edition
Newton L. Bowers Jr., Hans U. Gerber, James C. Hickman, Donald A. Jones and Cecil J. Nesbitt, Editors. 1997. 753 pages.
This book looks at how to assess vulnerability in the pricing structures of all lines of insurance, employee benefits and other forms of contingent payments. This edition adapts the fundamentals of actuarial science to be current with changing realities. $95
Finance
Insurance Industry Mergers & Acquisitions
Tom Herget and Jim Toole, Editors. 2005. 479 pages.
This book provides an in-depth look at the entire mergers and acquisitions (M&A) process...
$135
Financial Economics: With Applications to Investments, Insurance and Pensions
Harry Panjer, Editor. 1998. The Actuarial Foundation. 659 pages.
This book examines financial markets, derivative securities, interest rate risk...
$95
General Insurance
Fundamentals of General Insurance Actuarial Analysis, Second Edition.
Jacqueline Friedland. 2022. 1433 pages.
This text introduces the commonly used approaches for reserving and ratemaking...
$150
Life Insurance
Life Insurance & Modified Endowments...
Chris DesRochers, John T. Adney, Brian King and Craig Springfield. 2015.
This text looks at Internal Revenue Code Sections 7702 and 7702A...
$145
A Comprehensive Guide to Measuring and Managing Life Insurance Company Expenses
Sam Gutterman. 2007. 463 pages.
This reference book provides in-depth knowledge necessary to build expense models...
$140
Retirement
The Fundamentals of Pension Mathematics, Revised Edition
Barnet N. Berin. 1989. 139 pages.
This book develops a blend of theory and practice...
$22.50