{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/310/944/#45-other-presentation-matters","source":"FASB Accounting Standards Codification, Basic View","usage":"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.","topic":"310","topic_title":"Receivables","subtopic":"310-944","subtopic_title":"Financial Services—Insurance","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Mortgage Loans","paragraphs":[{"citation":"310-944-45-1","para":"45-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_001E0D09-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Realized gains and losses on investments in mortgage loans (except those that are accounted for as either hedges of net investments in foreign operations [see Subtopic <a altsource=\"GUID-DEEFA3E9-8D22-4A11-8FFE-A247CBEE4173.ditamap\" class=\"ditamap\">815-35</a>] or cash flow hedges [see Subtopic <a altsource=\"GUID-99F4B63B-41F6-4541-88AB-46B7507B0075.ditamap\" class=\"ditamap\">815-30</a>]) shall be reported in the statement of earnings as a component of other income, on a pretax basis. </span></span></div></div>","snippet":"Realized gains and losses on investments in mortgage loans (except those that are accounted for as either hedges of net investments in foreign operations [see Subtopic 815-35] or cash flow hedges [see Subtopic 815-30]) s…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9b27f83c7ef8e93d977e075f3ed6d610aacdb5c83983a6b9bc4c9b06f0837e5d","downloaded_from":"2026-09-09T23:30:08.084Z","last_downloaded_at":"2026-09-09T23:30:08.084Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477409","source_sha256":"bbed13ec7431e6982190b94d984071be16bdbfd59dac838ddefbd507bb5913e6"}},{"citation":"310-944-45-2","para":"45-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_001E0E5D-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If not presented as a separate item in the statement of earnings, realized gains and losses shall be disclosed in the notes to financial statements (see paragraph <a href=\"/asc/310/944/#310-944-50-1\" class=\"xref\">944-310-50-1</a>). </span></span></div></div>","snippet":"If not presented as a separate item in the statement of earnings, realized gains and losses shall be disclosed in the notes to financial statements (see paragraph 944-310-50-1).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e990c25db61cb66f5bba652b12ec94d3d7627fd826484f5a7cb4f96bf1ef5ca0","downloaded_from":"2026-09-09T23:30:08.084Z","last_downloaded_at":"2026-09-09T23:30:08.084Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477409","source_sha256":"bbed13ec7431e6982190b94d984071be16bdbfd59dac838ddefbd507bb5913e6"}},{"citation":"310-944-45-3","para":"45-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_001E0FC4-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Amortization and other related charges or credits shall be charged or credited to investment income. </span></span></div></div>","snippet":"Amortization and other related charges or credits shall be charged or credited to investment income.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:75331a5ae9116a43392969bd1cb23a600a7ff112fced2da625f7ded4711c2558","downloaded_from":"2026-09-09T23:30:08.084Z","last_downloaded_at":"2026-09-09T23:30:08.084Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477409","source_sha256":"bbed13ec7431e6982190b94d984071be16bdbfd59dac838ddefbd507bb5913e6"}},{"citation":"310-944-45-4","para":"45-4","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_001E1194-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Changes in the allowance for credit losses relating to mortgage loans shall be included in income as prescribed in Subtopic <a altsource=\"GUID-B92DF57A-D31A-4A52-999E-127107B41EED.ditamap\" class=\"ditamap\">326-20</a> on financial instruments measured at amortized cost. </span></span></div></div>","snippet":"Changes in the allowance for credit losses relating to mortgage loans shall be included in income as prescribed in Subtopic 326-20 on financial instruments measured at amortized cost.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9d97ad8424651ff8fafa45ef42ab2cf1335e3dde69f19701d865b1e74e92a723","downloaded_from":"2026-09-09T23:30:08.084Z","last_downloaded_at":"2026-09-09T23:30:08.084Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477409","source_sha256":"bbed13ec7431e6982190b94d984071be16bdbfd59dac838ddefbd507bb5913e6"}},{"citation":"310-944-45-4A","para":"45-4A","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2016-13/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2016-13</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2016-13.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d05c40f5f8cf2ac93c58321e2c39372df7b32fc4d532dd8694a769b66b3ff8b2","downloaded_from":"2026-09-09T23:30:08.084Z","last_downloaded_at":"2026-09-09T23:30:08.084Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477409","source_sha256":"bbed13ec7431e6982190b94d984071be16bdbfd59dac838ddefbd507bb5913e6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:de61f901689021e32fd98caa9de85aeee2a094640a9f3df4d9fb73341ed860cf","downloaded_from":"2026-09-09T23:30:08.084Z","last_downloaded_at":"2026-09-09T23:30:08.084Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477409","source_sha256":"bbed13ec7431e6982190b94d984071be16bdbfd59dac838ddefbd507bb5913e6"}},{"block":"Reinsurance Contracts","heading":"Reinsurance Recoverables","paragraphs":[{"citation":"310-944-45-5","para":"45-5","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_0027EEC2-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">A <a href=\"/glossary/c/#ceding-entity\" class=\"term\" title=\"The party that pays a reinsurance premium in a reinsurance transaction. The ceding entity receives the right to reimbursement from the assuming entity under the terms of the reinsurance contract.\"><span>ceding entity</span></a> shall report an estimated <a href=\"/glossary/r/#reinsurance-recoverable\" class=\"term\" title=\"All amounts recoverable from reinsurers for paid and unpaid claims and claim settlement expenses, including estimated amounts receivable for unsettled claims, claims incurred but not reported, or policy benefits.\"><span>reinsurance recoverable</span></a> arising from those contracts described in paragraph <a href=\"/asc/310/944/#310-944-25-2\" class=\"xref\">944-310-25-2</a> separately as an asset.</span></span></div></div>","snippet":"A ceding entity shall report an estimated reinsurance recoverable arising from those contracts described in paragraph 944-310-25-2 separately as an asset.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f9c3469588eda045e92eb25a8e0f6232ad206441156abe24e55c186359448e17","downloaded_from":"2026-09-09T23:30:08.084Z","last_downloaded_at":"2026-09-09T23:30:08.084Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477409","source_sha256":"bbed13ec7431e6982190b94d984071be16bdbfd59dac838ddefbd507bb5913e6"}},{"citation":"310-944-45-6","para":"45-6","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_0027F03D-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Although amounts recoverable on unasserted claims shall be reported as reinsurance recoverables, </span></span><span class=\"sfragment\" id=\"sfr_0027F139-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">details of the amounts comprising reinsurance recoverables may be presented separately. </span></span></div></div>","snippet":"Although amounts recoverable on unasserted claims shall be reported as reinsurance recoverables, details of the amounts comprising reinsurance recoverables may be presented separately.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9bac7f0c61cbbb7772c37d2599f3515351894c7121f9df2d44f72f02c7eb4f1f","downloaded_from":"2026-09-09T23:30:08.084Z","last_downloaded_at":"2026-09-09T23:30:08.084Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477409","source_sha256":"bbed13ec7431e6982190b94d984071be16bdbfd59dac838ddefbd507bb5913e6"}},{"citation":"310-944-45-7","para":"45-7","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_0027F207-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Amounts receivable and payable between the ceding entity and an individual <a href=\"/glossary/r/#reinsurer\" class=\"term\" title=\"The assuming entity in a reinsurance transaction.\"><span>reinsurer</span></a> shall be offset only if </span></span><span class=\"sfragment\" id=\"sfr_0027F2DD-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">a legal right of setoff exists as defined in Subtopic <a altsource=\"GUID-0C26A25C-9170-4594-9E2E-7186B8F8CD1B.ditamap\" class=\"ditamap\">210-20</a>, </span></span><span class=\"sfragment\" id=\"sfr_0027F3CD-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">even if the ceding entity and reinsurer are affiliated entities. </span></span><span class=\"sfragment\" id=\"sfr_0027F4AF-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">However, if the ceding entity and reinsurer are affiliated entities, the amounts shall be eliminated in consolidation when the affiliated entities are included in consolidated financial statements. </span></span></div></div>","snippet":"Amounts receivable and payable between the ceding entity and an individual reinsurer shall be offset only if a legal right of setoff exists as defined in Subtopic 210-20, even if the ceding entity and reinsurer are affil…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0e84893f86dee392b72ed5c729455d10aaf94e3b346b49d199cd98b061298b57","downloaded_from":"2026-09-09T23:30:08.084Z","last_downloaded_at":"2026-09-09T23:30:08.084Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477409","source_sha256":"bbed13ec7431e6982190b94d984071be16bdbfd59dac838ddefbd507bb5913e6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:795b9685d19a0985d4319b3ed07669273d1a62d4c2a80040856cff46be0bc776","downloaded_from":"2026-09-09T23:30:08.084Z","last_downloaded_at":"2026-09-09T23:30:08.084Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477409","source_sha256":"bbed13ec7431e6982190b94d984071be16bdbfd59dac838ddefbd507bb5913e6"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:514251fa0360cceee5de2f8ff5e2989a1b5e6f5f79d04a1195458d13346c60b6","downloaded_from":"2026-09-09T23:30:08.084Z","last_downloaded_at":"2026-09-09T23:30:08.084Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval 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