IFRS 17 시행에 따른 현금흐름정보의 가치관련성 변화에 대한 연구

[Purpose]This study examines the value relevance of cash flow information provided by insurers. With the implementation of IFRS 17, accounting information shifted from a cash－based to an accrual－based framework, separating profit and cash flow information. In this context, the study empirically examines whether the standalone usefulness of cash flow information has changed due to the implementation of IFRS 17. [Methodology]The study categorizes insurer’s cash flow information into premium income and operating cash flows, analyzing whether their incremental explanatory pow er changed after IFRS 17. [Findings]The results indicate that the incremental explanatory power of premium income increased significantly after IFRS 17 implementation compared to the pre－implementation period. Operating cash flows also followed a similar trend, with a notable increase in explanatory power. [Implications]As IFRS 17 does not explicitly require disclosing premium income in financial statements, this study suggests its inclusion is essential. The findings also emphasize the importance of considering cash flow information alongside accrual－based IFRS 17 data for effective decision－making.