# ASC 310-944-45: Receivables — Financial Services—Insurance — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

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## ASC 310-944-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/310/944/#45-other-presentation-matters)

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#### Mortgage Loans

##### [310-944-45-1](https://asc.understandingaccounting.org/asc/310/944/#310-944-45-1)

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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 \[see Subtopic 815-30\]) shall be reported in the statement of earnings as a component of other income, on a pretax basis.

##### [310-944-45-2](https://asc.understandingaccounting.org/asc/310/944/#310-944-45-2)

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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](https://asc.understandingaccounting.org/asc/310/944/#310-944-50-1)).

##### [310-944-45-3](https://asc.understandingaccounting.org/asc/310/944/#310-944-45-3)

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Amortization and other related charges or credits shall be charged or credited to investment income.

##### [310-944-45-4](https://asc.understandingaccounting.org/asc/310/944/#310-944-45-4)

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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.

##### [310-944-45-4A](https://asc.understandingaccounting.org/asc/310/944/#310-944-45-4A)

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[Paragraph superseded by Accounting Standards Update No. 2016-13](https://asc.understandingaccounting.org/updates/asu-2016-13/).

### Reinsurance Contracts

#### Reinsurance Recoverables

##### [310-944-45-5](https://asc.understandingaccounting.org/asc/310/944/#310-944-45-5)

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A [ceding entity](https://asc.understandingaccounting.org/glossary/c/#ceding-entity "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.") shall report an estimated [reinsurance recoverable](https://asc.understandingaccounting.org/glossary/r/#reinsurance-recoverable "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.") arising from those contracts described in paragraph [944-310-25-2](https://asc.understandingaccounting.org/asc/310/944/#310-944-25-2) separately as an asset.

##### [310-944-45-6](https://asc.understandingaccounting.org/asc/310/944/#310-944-45-6)

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Although amounts recoverable on unasserted claims shall be reported as reinsurance recoverables, details of the amounts comprising reinsurance recoverables may be presented separately.

##### [310-944-45-7](https://asc.understandingaccounting.org/asc/310/944/#310-944-45-7)

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Amounts receivable and payable between the ceding entity and an individual [reinsurer](https://asc.understandingaccounting.org/glossary/r/#reinsurer "The assuming entity in a reinsurance transaction.") 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 affiliated entities. 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.