{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/325/30/#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":"325","topic_title":"Investments—Other","subtopic":"325-30","subtopic_title":"Investments in Insurance Contracts","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":"Life Settlement Contracts","heading":"Statement of Financial Position","paragraphs":[{"citation":"325-30-45-1","para":"45-1","html":"
An investor shall report its investments that are remeasured at fair value on the face of the statement of financial position separately from those accounted for under the investment method. To accomplish that separate reporting, an investor shall do either of the following:
  1. a
    Display separate line items on the statement of financial position for the fair value method and investment method carrying amounts
  2. b
    Present the aggregate of those fair value method and investment method carrying amounts and parenthetically disclose the amount of those investments accounted for under the fair value method included in the aggregate amount.
","snippet":"An investor shall report its investments that are remeasured at fair value on the face of the statement of financial position separately from those accounted for under the investment method. To accomplish that separate r…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:69c9a136b4e7c9eb1fbf68d6080e0e094ac94e940b9517fd3e056f4bff584651","downloaded_from":"2026-09-09T23:44:16.126Z","last_downloaded_at":"2026-09-09T23:44:16.126Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481493","source_sha256":"232983ad8f26a697a89bc894f15bde336af2d1aaece74f95f8183e7ed5fffe47"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:52040beb59b7034ae66be427c0d19c047142c2ef1e69afbcdf3554df8442584d","downloaded_from":"2026-09-09T23:44:16.126Z","last_downloaded_at":"2026-09-09T23:44:16.126Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481493","source_sha256":"232983ad8f26a697a89bc894f15bde336af2d1aaece74f95f8183e7ed5fffe47"}},{"block":"Life Settlement Contracts","heading":"Income Statement","paragraphs":[{"citation":"325-30-45-2","para":"45-2","html":"
The investor shall classify the amount recognized upon the death of the insured in accordance with paragraph 325-30-35-9 in earnings (or other performance indicators for entities that do not report earnings).
","snippet":"The investor shall classify the amount recognized upon the death of the insured in accordance with paragraph 325-30-35-9 in earnings (or other performance indicators for entities that do not report earnings).","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:742ef2d2c722fb7d5eec3138df5e21d31d56876ffb262d924470e070fc2b5ef7","downloaded_from":"2026-09-09T23:44:16.126Z","last_downloaded_at":"2026-09-09T23:44:16.126Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481493","source_sha256":"232983ad8f26a697a89bc894f15bde336af2d1aaece74f95f8183e7ed5fffe47"}},{"citation":"325-30-45-3","para":"45-3","html":"
An investor shall report the investment income from its investments in life settlement contracts that are remeasured at fair value on the face of the income statement separately from the investment income from those accounted for under the investment method. To accomplish that separate reporting, an investor shall do either of the following:
  1. a
    Display separate line items on the income statement for the investment income from the investments in life settlement contracts that are accounted for under the fair value method and investment method
  2. b
    Present the aggregate of the investment income in life settlement contracts and parenthetically disclose the investment income from those investments accounted for under the fair value method that are included in the aggregate amount.
","snippet":"An investor shall report the investment income from its investments in life settlement contracts that are remeasured at fair value on the face of the income statement separately from the investment income from those acco…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1a3ddffbac08e781439faf56b9009c6b14b46977bded3f7cad39fe22c2044ce6","downloaded_from":"2026-09-09T23:44:16.126Z","last_downloaded_at":"2026-09-09T23:44:16.126Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481493","source_sha256":"232983ad8f26a697a89bc894f15bde336af2d1aaece74f95f8183e7ed5fffe47"}},{"citation":"325-30-45-4","para":"45-4","html":"
An investor applying the fair value method shall account for premiums paid and life insurance proceeds received on the same financial reporting line as the changes in fair value are reported.
","snippet":"An investor applying the fair value method shall account for premiums paid and life insurance proceeds received on the same financial reporting line as the changes in fair value are reported.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:485e475008168e00dacab6b7b1f57c5990344ee00658aec7e2bf2ed927f64a7f","downloaded_from":"2026-09-09T23:44:16.126Z","last_downloaded_at":"2026-09-09T23:44:16.126Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481493","source_sha256":"232983ad8f26a697a89bc894f15bde336af2d1aaece74f95f8183e7ed5fffe47"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5a62ac71523d6963c70e68eefcc0bfee320207262eb09d4f94fe44449934a7e0","downloaded_from":"2026-09-09T23:44:16.126Z","last_downloaded_at":"2026-09-09T23:44:16.126Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481493","source_sha256":"232983ad8f26a697a89bc894f15bde336af2d1aaece74f95f8183e7ed5fffe47"}},{"block":"Life Settlement Contracts","heading":"Statement of Cash Flows","paragraphs":[{"citation":"325-30-45-5","para":"45-5","html":"
An investor shall classify cash receipts and cash payments related to life settlement contracts in accordance with Topic 230, based on the nature and purpose for which the life settlements were acquired.
","snippet":"An investor shall classify cash receipts and cash payments related to life settlement contracts in accordance with Topic 230, based on the nature and purpose for which the life settlements were acquired.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a50f568104fc967b09e825554d9f2aa1f2b8272edd988f767f50d0aa8bcf5530","downloaded_from":"2026-09-09T23:44:16.126Z","last_downloaded_at":"2026-09-09T23:44:16.126Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481493","source_sha256":"232983ad8f26a697a89bc894f15bde336af2d1aaece74f95f8183e7ed5fffe47"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:412c7d254c04907f68d85908db4a5d73024525217cfc444ef3fbed9799647ca7","downloaded_from":"2026-09-09T23:44:16.126Z","last_downloaded_at":"2026-09-09T23:44:16.126Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481493","source_sha256":"232983ad8f26a697a89bc894f15bde336af2d1aaece74f95f8183e7ed5fffe47"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4f5e83c7685d57adb59f7c15533d8fb3d20d101cccccb16a2e3c853211df42e1","downloaded_from":"2026-09-09T23:44:16.126Z","last_downloaded_at":"2026-09-09T23:44:16.126Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481493","source_sha256":"232983ad8f26a697a89bc894f15bde336af2d1aaece74f95f8183e7ed5fffe47"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4f5e83c7685d57adb59f7c15533d8fb3d20d101cccccb16a2e3c853211df42e1","downloaded_from":"2026-09-09T23:44:16.126Z","last_downloaded_at":"2026-09-09T23:44:16.126Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147481493","source_sha256":"232983ad8f26a697a89bc894f15bde336af2d1aaece74f95f8183e7ed5fffe47"}}