Present value of new business premiums, abbreviated PVNBP, is a term used in insurance to indicate the present value of total sales (premiums) confirmed to receive from present to future.

It will be the sum of single premiums and present value of recurring premiums (e.g., life insurance premiums paid year after year). PVNBP makes it compare the sales of two companies having both single premiums and recurring premiums. In a way it does the reverse of what annual premium equivalent

Annual premium equivalent

Annual premium equivalent is used for comparison of cost by determining what the price would be if paid once for a year's period. This is particularly used when the sales contain both single premium and regular premium business...

 (APE) does, i.e., converts recurring income to a single number (APE converts single premium to recurring value).

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• Annual premium equivalent
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  Annual premium equivalent is used for comparison of cost by determining what the price would be if paid once for a year's period. This is particularly used when the sales contain both single premium and regular premium business...
  
  
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