# ASC 320-944: Investments—Debt Securities — Financial Services—Insurance Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/320/944/) 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): 2026-09-09T23:36:18.729Z to 2026-09-09T23:36:30.190Z Record version: sha256:fa8208535364f4a6e7673ee2d8a3681ad87bcf58bc2834788919ce6ac72ab148 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 320-944: Investments—Debt Securities — Financial Services—Insurance ### Machine-generated study aids ```json { "summary": "ASC 320-944 was the insurance-industry (\"Financial Services—Insurance\") incremental guidance layered onto Investments—Debt Securities. Every paragraph in this subtopic (05-1, 15-1, 15-2, 25-1, 50-1, 50-2) has been superseded by Accounting Standards Update No. 2016-01, so the subtopic contains no operative guidance. Insurance entities now follow the general guidance in ASC 320 for debt securities and ASC 321 for equity securities.", "key_points": [ "All content of ASC 320-944 — the Overview (320-944-05-1), Scope (320-944-15-1 and 15-2), Recognition (320-944-25-1), and Disclosure (320-944-50-1 and 50-2) paragraphs — has been superseded by ASU 2016-01.", "Because no paragraph survives, there is no insurance-specific incremental recognition or disclosure requirement remaining in this subtopic.", "Insurance entities account for investments in debt securities under the general subtopic ASC 320-10 (trading, available-for-sale, and held-to-maturity classification).", "ASU 2016-01 moved equity securities out of ASC 320 into ASC 321, eliminating the need for the insurance-specific overlay that this subtopic provided.", "Entities researching pre-ASU 2016-01 periods must consult the superseded text as it existed before adoption, applying the transition guidance in ASU 2016-01." ], "categories": [ "Financial instruments", "Industry-specific", "Transition and effective dates", "Disclosure" ], "audience_level": "intermediate", "student_note": "This subtopic is a shell: every paragraph is superseded, so citing it as live authority is a mistake. If asked how an insurer accounts for debt securities today, point to ASC 320-10 (and ASC 321 for equity securities), not ASC 320-944.", "related_topics": [ "320-10", "321-10", "944", "825-10", "326-30" ], "key_concepts": [ "superseded guidance", "insurance entities", "debt securities", "industry-specific overlay", "available-for-sale securities", "recognition and measurement of financial instruments" ] } ``` Source downloaded (UTC): 2026-09-09T23:36:18.729Z to 2026-09-09T23:36:18.729Z Record version: sha256:79d6492f4125b96535649f9a40dc6337f013ce68012c0d4f6cef2cc727405dd5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 320-944-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/320/944/#00-status) SEC content: no ##### [320-944-00-1](https://asc.understandingaccounting.org/asc/320/944/#320-944-00-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:36:18.729Z to 2026-09-09T23:36:18.729Z Record version: sha256:7b50fc510cfc960ff90c60f70953876f982a8f711e18484b64b7b2fab3f94edf 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
Carrying AmountSupersededAccounting Standards Update No. 2016-0101/05/2016
Separate AccountSupersededAccounting Standards Update No. 2016-0101/05/2016
944-320-05-1SupersededAccounting Standards Update No. 2016-0101/05/2016
944-320-15-1SupersededAccounting Standards Update No. 2016-0101/05/2016
944-320-15-2SupersededAccounting Standards Update No. 2016-0101/05/2016
944-320-25-1SupersededAccounting Standards Update No. 2016-0101/05/2016
944-320-50-1SupersededAccounting Standards Update No. 2016-0101/05/2016
944-320-50-2SupersededAccounting Standards Update No. 2016-0101/05/2016
944-320-50-2AddedAccounting Standards Update No. 2012-0410/01/2012
Source downloaded (UTC): 2026-09-09T23:36:20.803Z to 2026-09-09T23:36:20.803Z Record version: sha256:f4a80d3bec7c602f03f1e5819746028250d48512ea86948ef348a5950e980c12 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 320-944-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/320/944/#05-overview-and-background) SEC content: no ##### [320-944-05-1](https://asc.understandingaccounting.org/asc/320/944/#320-944-05-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:36:20.803Z to 2026-09-09T23:36:20.803Z Record version: sha256:29907887478bb04ff4cbc05af767fded20e792aeabfe81cbccbbbdf427b2dad0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). Source downloaded (UTC): 2026-09-09T23:36:22.926Z to 2026-09-09T23:36:22.926Z Record version: sha256:9245c08d0343fb844ed0e277a7e2348c37b617e819c930cbecfdfaa56e068ec3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 320-944-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/320/944/#15-scope-and-scope-exceptions) SEC content: no ##### [320-944-15-1](https://asc.understandingaccounting.org/asc/320/944/#320-944-15-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:36:22.926Z to 2026-09-09T23:36:22.926Z Record version: sha256:0e92beeaab31c86cf7bcff7a0082e65c80b8e33e5946d18eba88712f1d2930a1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). ##### [320-944-15-2](https://asc.understandingaccounting.org/asc/320/944/#320-944-15-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:36:22.926Z to 2026-09-09T23:36:22.926Z Record version: sha256:91acd95ac6e0483fc97106791a0a3ba97198c2f25e96f075d55537775cc38ac3 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). Source downloaded (UTC): 2026-09-09T23:36:26.835Z to 2026-09-09T23:36:26.835Z Record version: sha256:1a06a1747fd1a79cb79f0d0e68fa374df2c7a90b8027b2b20599d4e9009f76ce Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 320-944-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/320/944/#25-recognition) SEC content: no ##### [320-944-25-1](https://asc.understandingaccounting.org/asc/320/944/#320-944-25-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:36:26.835Z to 2026-09-09T23:36:26.835Z Record version: sha256:323cf07d48d558d6900f596c1f03963b22a9f025740778f3466f888d2c213470 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). Source downloaded (UTC): 2026-09-09T23:36:30.190Z to 2026-09-09T23:36:30.190Z Record version: sha256:230b348f259e1a73cc0e4a257128b9a4b3cac6a031afac1f8746ebf048dde2ec Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 320-944-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/320/944/#50-disclosure) SEC content: no ##### [320-944-50-1](https://asc.understandingaccounting.org/asc/320/944/#320-944-50-1) Pending content: no Source downloaded (UTC): 2026-09-09T23:36:30.190Z to 2026-09-09T23:36:30.190Z Record version: sha256:803818b6642738057e4cabb3b19dac8cf9021ed3fbff47b8646efc239d39a722 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). ##### [320-944-50-2](https://asc.understandingaccounting.org/asc/320/944/#320-944-50-2) Pending content: no Source downloaded (UTC): 2026-09-09T23:36:30.190Z to 2026-09-09T23:36:30.190Z Record version: sha256:50b46d39c6db7f52e1e423d72f544f3923a99f4218ebe5a63c9a0deff3867d0d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. [Paragraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/).