# ASC 220-944: Income Statement—Reporting Comprehensive Income — Financial Services—Insurance Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/220/944/) Study and research edition. Verify current requirements with the official source. Summaries, enrichment, and tags are machine-generated study aids. Paragraph html preserves source markup; snippet is abbreviated. Pending content is not necessarily effective. Tables and mathematical or amendment markup are retained as HTML where Markdown would lose structure. Source downloaded (UTC): 2026-09-09T23:06:00.472Z to 2026-09-09T23:06:11.540Z Record version: sha256:05148874a061ef32723d5ad9e148f9bde77130226b7bee0f3a993ee7529d7725 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 220-944: Income Statement—Reporting Comprehensive Income — Financial Services—Insurance Source downloaded (UTC): 2026-09-09T23:06:00.472Z to 2026-09-09T23:06:00.472Z Record version: sha256:81848dda631f0471d447e2f5f41f2fafc3b0d94c3c06410f0237dcacab06b3ba Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 220-944-S00: SEC 00 Status [Read section](https://asc.understandingaccounting.org/asc/220/944/#sec-00-status) SEC content: yes ##### [220-944-00-1](https://asc.understandingaccounting.org/asc/220/944/#220-944-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:06:00.472Z to 2026-09-09T23:06:00.472Z Record version: sha256:63696ee897bc7e7b180e189653b6436e9256c4e408177639c160dc538810e28c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.

Paragraph	Action	Accounting Standards Update	Date

944-220-S45-1	Added	Maintenance Update 2017-19 (PDF)	11/15/2017
944-220-S50-1 through S50-5	Added	Maintenance Update 2017-19 (PDF)	11/15/2017
944-220-S99-1	Amended	Accounting Standards Update No. 2019-07	07/26/2019
944-220-S99-1	Added	Maintenance Update 2017-19 (PDF)	11/15/2017

Source downloaded (UTC): 2026-09-09T23:06:04.133Z to 2026-09-09T23:06:04.133Z Record version: sha256:3cd1ac82fb797347c6d29a425e21773729560b2ab302ad68609763a6a628a083 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 220-944-S45: SEC 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/220/944/#sec-45-other-presentation-matters) SEC content: yes #### Presentation and Classification ##### [220-944-S45-1](https://asc.understandingaccounting.org/asc/220/944/#220-944-S45-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:06:04.133Z to 2026-09-09T23:06:04.133Z Record version: sha256:073660cbc5ea9404855bd05a92cbefbdb1d6784a4edc6bc7440d45ee237c1454 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [944-220-S99-1](https://asc.understandingaccounting.org/asc/220/944/#220-944-S99-1), Regulation S-X Rule 7-04, for the required income statement presentation for insurance entities. Source downloaded (UTC): 2026-09-09T23:06:05.848Z to 2026-09-09T23:06:05.848Z Record version: sha256:0144435dee07eb76d71485c38df7ac083865a813a6d9bd8748288fa5f64fb25d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 220-944-S50: SEC 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/220/944/#sec-50-disclosure) SEC content: yes #### Investment Income ##### [220-944-S50-1](https://asc.understandingaccounting.org/asc/220/944/#220-944-S50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:06:05.848Z to 2026-09-09T23:06:05.848Z Record version: sha256:acce734f30bacc6e161e46e26178428c570eaa0433c31e3ebda170ec930308ef Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [944-220-S99-1](https://asc.understandingaccounting.org/asc/220/944/#220-944-S99-1), Regulation S-X Rule 7-04.2, for required disclosures pertaining to investment income. #### Realized Investment Gains and Losses ##### [220-944-S50-2](https://asc.understandingaccounting.org/asc/220/944/#220-944-S50-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:06:05.848Z to 2026-09-09T23:06:05.848Z Record version: sha256:f5b52ebaf846c4304dd82c62fd469a83b8fede7f1765826e52c0dbc5226bd3bc Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [944-220-S99-1](https://asc.understandingaccounting.org/asc/220/944/#220-944-S99-1), Regulation S-X Rule 7-04.3, for required disclosures pertaining to realized investment gains and losses. #### Other Income ##### [220-944-S50-3](https://asc.understandingaccounting.org/asc/220/944/#220-944-S50-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:06:05.848Z to 2026-09-09T23:06:05.848Z Record version: sha256:7c6ab1bbdafe36d78495a11feab81d0152d217c77609eeebbb0ca7978cae7a27 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [944-220-S99-1](https://asc.understandingaccounting.org/asc/220/944/#220-944-S99-1), Regulation S-X Rule 7-04.4, for required disclosures pertaining to other income. #### Underwriting, Acquisition, and Insurance Expenses ##### [220-944-S50-4](https://asc.understandingaccounting.org/asc/220/944/#220-944-S50-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:06:05.848Z to 2026-09-09T23:06:05.848Z Record version: sha256:6a60921336b2b8c539c2ccf0c3429e07201891b116c22d8ae3f0e8931c958dee Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [944-220-S99-1](https://asc.understandingaccounting.org/asc/220/944/#220-944-S99-1), Regulation S-X Rule 7-04.7, for required disclosures pertaining to underwriting, acquisition, and insurance expenses. #### Equity in Earnings of Unconsolidated Subsidiaries ##### [220-944-S50-5](https://asc.understandingaccounting.org/asc/220/944/#220-944-S50-5) Pending content: no Source downloaded (UTC): 2026-09-09T23:06:05.848Z to 2026-09-09T23:06:05.848Z Record version: sha256:a2bc092960cd08d2869ee58c2f38f317510a28e1e7675a85dae0b62a43b55be1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [944-220-S99-1](https://asc.understandingaccounting.org/asc/220/944/#220-944-S99-1), Regulation S-X Rule 7-04.11, for required disclosures pertaining to equity in earnings of unconsolidated subsidiaries. Source downloaded (UTC): 2026-09-09T23:06:11.540Z to 2026-09-09T23:06:11.540Z Record version: sha256:9b8a2d5039e7b341165523e76fa3a43396f7b17027ed81afbbe5ebe3d8fa3ad5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 220-944-S99: SEC 99 SEC Materials [Read section](https://asc.understandingaccounting.org/asc/220/944/#sec-99-sec-materials) SEC content: yes #### SEC Rules, Regulations, and Interpretations ##### [220-944-S99-1](https://asc.understandingaccounting.org/asc/220/944/#220-944-S99-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:06:11.540Z to 2026-09-09T23:06:11.540Z Record version: sha256:39a45e3467358c0a3e0c8edc9cfb28e958ef89309eeea3de9675864107652053 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of Regulation S-X Rule 7-04, Statements of Comprehensive Income (17 CFR 210.7-04). - The purpose of this section is to indicate the various items which, if applicable, should appear on the face of the statements of comprehensive income and in the notes thereto filed for persons to whom this article pertains. (See § 210.4-01(a).) - REVENUES - 1\. Premiums. Include premiums from reinsurance assumed and deduct premiums on reinsurance ceded. Where applicable, the amounts included in this caption should represent premiums earned. - 2\. Net investment income. State in a note to the financial statements, in tabular form, the amounts of (a) investment income from each category of investments listed in the subcaptions of §210.7-03.1 that exceeds five percent of total investment income, (b) total investment income, (c) applicable expenses, and (d) net investment income. - 3\. Realized investment gains and losses. Disclose the following amounts: - (a) Net realized investment gains and losses, which shall be shown separately regardless of size. - (b) Indicate in a footnote the registrant's policy with respect to whether investment income and realized gains and losses allocable to policyholders and separate accounts are included in the investment income and realized gain and loss amounts reported in the statement of comprehensive income. If the statement of comprehensive income includes investment income and realized gains and losses allocable to policyholders and separate accounts, indicate the amounts of such allocable investment income and realized gains and losses and the manner in which the insurance enterprise's obligation with respect to allocation of such investment income and realized gains and losses is otherwise accounted for in the financial statements. - (c) \[Reserved\] - (d) For each period for which a statement of comprehensive income is filed, include in a note an analysis of realized and unrealized investment gains and losses on fixed maturities and equity securities. For each period, state separately for fixed maturities \[see § 210.7-03.1(a)\] and for equity securities \[see § 210.7-03.1(b)\] the following amounts: - (1) Realized investment gains and losses, and - (2) The change during the period in the difference between value and cost. - The change in the difference between value and cost shall be given for both categories of investments even though they may be shown on the related balance sheet on a basis other than value. - 4\. Other income. Include all revenues not included in captions 1 and 2 above. State separately in the statement any amounts in excess of five percent of total revenue, and disclose the nature of the transactions from which the items arose. - BENEFITS, LOSSES AND EXPENSES - 5\. Benefits, claims, losses and settlement expenses. - 6\. Policyholders' share of earnings on participating policies, dividends and similar items. (See § 210.7-03.14(b).) - 7\. Underwriting, acquisition and insurance expenses. State separately in the statement of comprehensive income or in a note thereto (a) the amount included in this caption representing deferred policy acquisition costs amortized to income during the period, and (b) the amount of other operating expenses. State separately in the statement of comprehensive income any material amount included in all other operating expenses. - 8\. Income or loss before income tax expense and appropriate items below. - 9\. Income tax expense. Include under this caption only taxes based on income. (See § 210.4-08(h).) - 10\. Equity in earnings of unconsolidated subsidiaries and 50% or less owned persons. State, parenthetically or in a note, the amount of dividends received from such persons. If justified by the circumstances, this item may be presented in a different position and a different manner. (See § 210.4-01(a).) - 11\. Income or loss from continuing operations. - 12\. Discontinued operations. - 13-15. \[Reserved\] - 16\. Net income or loss. - 17\. Net income attributable to the noncontrolling interest. - 18\. Net income attributable to the controlling interest. - 19\. Other comprehensive income. State separately the components of and the total for other comprehensive income. Present the components either net of related tax effects or before related tax effects with one amount shown for the aggregate income tax expense or benefit. State the amount of income tax expense or benefit allocated to each component, including reclassification adjustments, in the statement of comprehensive income or in a note. - 20\. Comprehensive income. - 21\. Comprehensive income attributable to the noncontrolling interest. - 22\. Comprehensive income attributable to the controlling interest. - 23\. Earnings per share data. - \[46 FR 54335, Nov. 2, 1981, as amended at 57 FR 45293, Oct. 1, 1992; 74 FR 18615, Apr. 23, 2009; 83 FR 50203, Oct. 4, 2018\]