# ASC 235-944: Notes to Financial Statements — Financial Services—Insurance Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/235/944/) 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): 2026-09-09T23:16:09.715Z to 2026-09-09T23:16:20.080Z Record version: sha256:11f51c01b1a57b21fefa81d9caed68685ae1dbc8c1a887967bb559583ee46ecd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 235-944: Notes to Financial Statements — Financial Services—Insurance Source downloaded (UTC): 2026-09-09T23:16:09.715Z to 2026-09-09T23:16:09.715Z Record version: sha256:6e13c785fa3c8b3a91c1f774753002caa8f1ea8c0fbb282d262c9885a72d8680 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 235-944-S00: SEC 00 Status [Read section](https://asc.understandingaccounting.org/asc/235/944/#sec-00-status) SEC content: yes ##### [235-944-S00-1](https://asc.understandingaccounting.org/asc/235/944/#235-944-S00-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:09.715Z to 2026-09-09T23:16:09.715Z Record version: sha256:19c86bbd8f73d48a079cde6efa8cdf80a75953217c7c9e281257f6a13c1b3350 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
944-235-S99-1 through S99-3
AmendedAccounting Standards Update No. 2019-0707/26/2019
Source downloaded (UTC): 2026-09-09T23:16:13.462Z to 2026-09-09T23:16:13.462Z Record version: sha256:8b4675cea22cadbe704b2086be20c0238eebe36a567028f5821bcb89f085a669 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 235-944-S50: SEC 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/235/944/#sec-50-disclosure) SEC content: yes #### Supplemental Schedules ##### [235-944-S50-1](https://asc.understandingaccounting.org/asc/235/944/#235-944-S50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:13.462Z to 2026-09-09T23:16:13.462Z Record version: sha256:5e54419881c92679b35becaf5f623c236f477585b1b60727cfaf7f0003269cf0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [946-320-S99-7](https://asc.understandingaccounting.org/asc/320/946/#320-946-S99-7), Regulation S-X Rule 12-15, for the requirements of Schedule I—Summary of Investments—Other than Investments in Related Parties. ##### [235-944-S50-2](https://asc.understandingaccounting.org/asc/235/944/#235-944-S50-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:13.462Z to 2026-09-09T23:16:13.462Z Record version: sha256:442fa0c6711c0362eb13526aaa9eeb3f987951b2e5555e616107a13c7f5fcb8e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [235-10-S99-3](https://asc.understandingaccounting.org/asc/235/10/#235-10-S99-3), Regulation S-X Rule 12-04, for the requirements of Schedule II—Condensed Financial Information of Registrant. ##### [235-944-S50-3](https://asc.understandingaccounting.org/asc/235/944/#235-944-S50-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:13.462Z to 2026-09-09T23:16:13.462Z Record version: sha256:f7a5a7d1433c5d2f37abe32bcab13672b4e1549d6a7f96989597f36ee4711369 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [944-235-S99-1](https://asc.understandingaccounting.org/asc/235/944/#235-944-S99-1), Regulation S-X Rule 12-16, for the requirements of Schedule III—Supplementary Insurance Information. ##### [235-944-S50-4](https://asc.understandingaccounting.org/asc/235/944/#235-944-S50-4) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:13.462Z to 2026-09-09T23:16:13.462Z Record version: sha256:bdca96cc5bdb4f7f4efb7210901168a7ce4fe1931d88b00da0950b9e98943431 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [944-235-S99-2](https://asc.understandingaccounting.org/asc/235/944/#235-944-S99-2), Regulation S-X Rule 12-17, for the requirements of Schedule IV—Reinsurance ##### [235-944-S50-5](https://asc.understandingaccounting.org/asc/235/944/#235-944-S50-5) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:13.462Z to 2026-09-09T23:16:13.462Z Record version: sha256:2beed08698178c28af3afad71212381ae720f9ecec10cf2aaf2466c7a1a9a315 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [235-10-S99-4](https://asc.understandingaccounting.org/asc/235/10/#235-10-S99-4), Regulation S-X Rule 12-09, for the requirements of Schedule V—Valuation and Qualifying Accounts. ##### [235-944-S50-6](https://asc.understandingaccounting.org/asc/235/944/#235-944-S50-6) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:13.462Z to 2026-09-09T23:16:13.462Z Record version: sha256:846c943c1e493645733732704f7320008c244e34d03982df19775b9267c9af61 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [944-235-S99-3](https://asc.understandingaccounting.org/asc/235/944/#235-944-S99-3), Regulation S-X Rule 12-18, for the requirements of Schedule VI—Supplemental Information Concerning Property-Casualty Insurance Operations. Source downloaded (UTC): 2026-09-09T23:16:20.080Z to 2026-09-09T23:16:20.080Z Record version: sha256:2526de10717ab227b3506922a9ffd7ca013d542ba2aef7b0a3446aa4657cacea Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 235-944-S99: SEC 99 SEC Materials [Read section](https://asc.understandingaccounting.org/asc/235/944/#sec-99-sec-materials) SEC content: yes #### SEC Rules, Regulations, and Interpretations ##### [235-944-S99-1](https://asc.understandingaccounting.org/asc/235/944/#235-944-S99-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:20.080Z to 2026-09-09T23:16:20.080Z Record version: sha256:2d947051f7bb0aa9e9e5cb29e48408025754b8f286a146b0b0b01dcf8fe6867a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of Regulation S-X Rule 12-16, Supplementary Insurance Information (17 CFR 210.12-16). - ![](https://asc.understandingaccounting.org/asc-img/GUID-BD963DBB-F268-4EAF-911C-23DB1FA0720E-low.gif) Reg. § 210.12-16 Supplementary Insurance Information \[For insurance companies\] Column A Column B Column C Column D Column E Column F Column G Column H Column I Column J Column K Segment1 Deferred policy acquisition cost (caption 7) "Future policy benefits, losses, claims and loss expenses (caption 13-a-1) " Unearned premiums (caption 13-a-2) " Other policy claims and benefits payable (caption 13-a-3) " Premium revenue (caption 1) Net investment income (caption 2)3 "Benefits claims, losses and settlement expenses (caption 5) " Amortiza-tion of deferred policy acquisition cost4 "Other operating expenses3,4" Premiums written2 Total 5 1 Segments shown should be the same as those presented in the footnote disclosures called for by generally accepted accounting principles. 2 "Does not apply to life insurance or title insurance. This amount should include premiums from reinsurance assumed, and be net of premiums on reinsurance ceded." 3 "State the basis for allocation of net investment income and, where applicable, other operating expenses." 4 The total of columns I and J should agree with the amount shown for statement of comprehensive income caption 7. 5 "Totals should agree with the indicated balance sheet and statement of comprehensive income caption amounts, where a caption number is shown." \[46 FR 54338, Nov. 2, 1981, as amended at 57 FR 45293, Oct. 1, 1992; 64 FR 1734, Jan. 12, 1999; 83 FR 50208, Oct. 4, 2018\] ##### [235-944-S99-2](https://asc.understandingaccounting.org/asc/235/944/#235-944-S99-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:20.080Z to 2026-09-09T23:16:20.080Z Record version: sha256:218ac518087b7862cc50e83c57d178ce4dfa4c9706135fd08c08570e713c3cc3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of Regulation S-X Rule 12-17, Reinsurance (17 CFR 210.12-17). - ![](https://asc.understandingaccounting.org/asc-img/GUID-5EF831D7-F428-4660-817B-C8CFC3B2CBEF-low.gif) Reg. § 210.12-17 Reinsurance \[For insurance companies\] Column A Column B Column C Column D Column E Column F Gross amount Ceded to other companies1 "Assumed from other companies" Net amount2 Percentage of amount assumed to net3 Life insurance in force Premiums Life insurance Accident and health insurance Property and liability insurance Title insurance Total premiums 1 Indicate in a note any amounts of reinsurance or coinsurance income netted against premiums ceded. 2 This Column represents the total of column B less column C plus column D. The total premiums in this column should represent the amount of premium revenue on the statement of comprehensive income (or statement of net income if comprehensive income is presented in two separate but consecutive financial statements). 3 Calculated as the amount in column D divided by amount in column E. 3 Calculated as the amount in column D divided by amount in column E. \[46 FR 54338, Nov. 2, 1981, as amended at 83 FR 50208, Oct. 4, 2018\] ##### [235-944-S99-3](https://asc.understandingaccounting.org/asc/235/944/#235-944-S99-3) Pending content: no Source downloaded (UTC): 2026-09-09T23:16:20.080Z to 2026-09-09T23:16:20.080Z Record version: sha256:0066a00619af82b7c3f95da91c5343d74b9b742ea9357458ece292efd9dd07b7 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of Regulation S-X Rule 12-18, Supplemental Information (for Property-Casualty Insurance Underwriters) (17 CFR 210.12-18). - ![](https://asc.understandingaccounting.org/asc-img/GUID-857E1B02-00BC-417A-B649-833E9EB67EC3-low.gif) Reg. § 210.12-18 Supplemental Information (for property-casualty insurance underwriters) Affiliation with registrant Deferred policy acquisition costs Reserves for unpaid claims and claim adjustment expenses "Discount, if any, deducted in column C4 " Unearned premiums Earned premiums Net investment income Claims and claim adjustment expenses incurred related to Amortiza-tion of deferred policy ac-quisition costs Paid claims and claims adjustment expenses Premiums written "(1) Current Year " "(2) Prior Years" Column A Column B Column C Column D Column E Column F Column G Column H Column I Column J Column K (a) "Consolidated property-casualty entities 2" (b) "Unconsolidated property-casualty subsidiaries 2,3" (c) "Proportionate share of registrant and its subsidiaries' 50%-or-less-owned property-casualty equity investees 2,3" 1 "Information included in audited financial statements, including other schedules, need not be repeated in this schedule. Columns B, C, D and E are as of the balance sheet dates, columns F, G, H, I, J, and K are for the same periods for which statements of comprehensive income are presented in the registrant's audited consolidated financial statements." 2 "Present combined or consolidated amounts, as appropriate for each category, after intercompany eliminations." 3 "Information is not required here for 50%-or-less-owned equity investees that file similar information with the Commission as registrants in their own right, if that fact and the name of the affiliated registrant is stated. If ending reserves in any category (a), (b), or (c) above is less than 5% of the total reserves otherwise required to be reported in this schedule, that category may be omitted and that fact so noted. If the amount of the reserves attributable to 50%-or-less-owned equity investors that file this information as registrants in their own right exceeds 95% of the total category (c) reserves, information for the other 50%-or-less-owned equity investees need not be provided." 4 "Disclose in a footnote to this schedule the rate, or range of rates estimated if necessary, at which the discount was computed for each category." \[49 FR 47599, Dec. 6, 1984, as amended at 83 FR 50208, Oct. 4, 2018\]