# ASC 360-944: Property, Plant, and Equipment — Financial Services—Insurance Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/360/944/) 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): 2026-09-10T00:09:52.264Z to 2026-09-10T00:10:22.345Z Record version: sha256:3e326ea4f978f19d8d1f72b02c049ea531dd66a4f9e7de1d207b72230a2c246a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 360-944: Property, Plant, and Equipment — Financial Services—Insurance ### Machine-generated study aids ```json { "summary": "This subtopic tells insurance entities how to account for and report real estate. Real estate is classified by predominant use as either a real estate investment or real estate used in the business, and real estate acquired in settling mortgage guaranty and title insurance claims is a third, separately reported category measured initially at fair value (investments are measured at cost, then cost less accumulated depreciation). Depreciation and impairment charges follow the balance sheet classification — investment income/realized gains and losses for investments, and adjustments to claim costs incurred for real estate acquired in settling claims.", "key_points": [ "Real estate is classified as either a real estate investment or real estate used in the insurance entity's operations, depending on its predominant use (360-944-25-1).", "Real estate acquired in settling mortgage guaranty and title insurance claims is measured initially at fair value (360-944-30-1), while real estate investments are measured initially at cost (360-944-30-2) and subsequently at cost less accumulated depreciation (360-944-35-4).", "Real estate acquired in settling claims that is held for sale is subsequently measured under Section 360-10-35 (360-944-35-1); subsequent reductions in its carrying amount and realized gains and losses on its sale are recognized as adjustments to claim costs incurred (360-944-35-2; 360-944-40-1).", "Depreciation and related charges or credits on real estate investments are charged or credited to investment income (360-944-35-5), and impairment reductions under the Impairment or Disposal of Long-Lived Assets Subsections of Subtopic 360-10 are included in realized gains and losses (360-944-35-6).", "No imputed investment income or rental expense is recognized for real estate used in the business (360-944-35-7).", "Realized gains and losses, including on sales of real estate investments, shall not be deferred directly or indirectly (360-944-40-2), and are reported pretax as a component of other income in the statement of earnings (360-944-45-3).", "Real estate acquired in settling claims must be reported separately on the balance sheet and not classified as an investment (360-944-45-1); realized gains and losses must be shown as a separate income statement item or disclosed in the notes (360-944-45-4; 360-944-50-1)." ], "categories": [ "Inventory and PP&E", "Industry-specific", "Impairment", "Presentation" ], "audience_level": "intermediate", "student_note": "The exam trap is the classification-drives-everything rule: the same building produces investment income and realized gains/losses if held as an investment, operating expense if used in the business, and adjustments to claim costs incurred if acquired in settling mortgage guaranty or title insurance claims. Students often wrongly lump claim-settlement real estate into investments — it must be reported separately on the balance sheet.", "related_topics": [ "360-10", "944-40", "944-310", "320-10", "220-20" ], "key_concepts": [ "real estate investments", "real estate used in the business", "real estate acquired in settling claims", "predominant use classification", "claim costs incurred", "realized gains and losses", "investment income", "other-than-temporary impairment" ] } ``` Source downloaded (UTC): 2026-09-10T00:09:52.264Z to 2026-09-10T00:09:52.264Z Record version: sha256:ac6cd3898cbbc57e45fc20e5810165512a78326b833030f0b3fe78b2eb47664a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 360-944-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/360/944/#00-status) SEC content: no ##### [360-944-00-1](https://asc.understandingaccounting.org/asc/360/944/#360-944-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:09:52.264Z to 2026-09-10T00:09:52.264Z Record version: sha256:0ef0a5ddca025f59d6a979f7c9dfce7e1547a23d79643d54668a3f03b2dac709 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
944-360-35-1AmendedAccounting Standards Update No. 2018-0907/16/2018
944-360-40-2AmendedAccounting Standards Update No. 2016-0101/05/2016
944-360-40-3AmendedMaintenance Update 2017-19 (PDF)11/15/2017
944-360-45-3AmendedAccounting Standards Update No. 2018-0907/16/2018
944-360-45-4AmendedAccounting Standards Update No. 2018-0907/16/2018
944-360-45-5SupersededAccounting Standards Update No. 2025-1212/17/2025
944-360-50-1AmendedAccounting Standards Update No. 2018-0907/16/2018
Source downloaded (UTC): 2026-09-10T00:09:56.079Z to 2026-09-10T00:09:56.079Z Record version: sha256:31c9ff50928495d499f7a5e7d5af419ecd83bc71a64f4576c32f78dbd22d58d0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 360-944-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/360/944/#05-overview-and-background) SEC content: no ##### [360-944-05-1](https://asc.understandingaccounting.org/asc/360/944/#360-944-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:09:56.079Z to 2026-09-10T00:09:56.079Z Record version: sha256:1a9095c6e4d5dc7f152115059f88ca57f86d29a5ed94882df8e7dd12b79ee46a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic provides guidance to insurance entities on accounting for and financial reporting of real estate. Source downloaded (UTC): 2026-09-10T00:09:57.909Z to 2026-09-10T00:09:57.909Z Record version: sha256:1dff0328e261ce5677bcb2d959415fa72d2aaa67d75370b9af1c83d97a5168cd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 360-944-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/360/944/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [360-944-15-1](https://asc.understandingaccounting.org/asc/360/944/#360-944-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:09:57.909Z to 2026-09-10T00:09:57.909Z Record version: sha256:22d6ad4b6874adaed7b77b681305022d26774012533461aeece77c69ed1d802e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 944-10-15. Source downloaded (UTC): 2026-09-10T00:10:03.205Z to 2026-09-10T00:10:03.205Z Record version: sha256:e5bbd7ff92813876cd446235682d39ca357375789c169bcc53b93a6c034278cd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 360-944-25: 25 Recognition [Read section](https://asc.understandingaccounting.org/asc/360/944/#25-recognition) SEC content: no ##### [360-944-25-1](https://asc.understandingaccounting.org/asc/360/944/#360-944-25-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:10:03.205Z to 2026-09-10T00:10:03.205Z Record version: sha256:8a3d5d6ba0182ca0b7e1ba94cb676556fa398f0c3dc64a68822da882f7c9738e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Real estate shall be classified either as an investment (real estate investments) or as real estate used in the insurance entity's operations (real estate used in the business), depending on its predominant use. Source downloaded (UTC): 2026-09-10T00:10:06.445Z to 2026-09-10T00:10:06.445Z Record version: sha256:1ad5ac067ad38dcd3d8e6228f6a348d12c81ea9281608fcef32a22a3408fc613 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 360-944-30: 30 Initial Measurement [Read section](https://asc.understandingaccounting.org/asc/360/944/#30-initial-measurement) SEC content: no #### Real Estate Acquired in Settling Certain Claims ##### [360-944-30-1](https://asc.understandingaccounting.org/asc/360/944/#360-944-30-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:10:06.445Z to 2026-09-10T00:10:06.445Z Record version: sha256:81c379635c5d4acb3fd3fcb6a46b4396947bdff6570615cfd0cd7efc96ba5dd0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Real estate acquired in settling mortgage guaranty and title insurance claims shall be measured initially at [fair value](https://asc.understandingaccounting.org/glossary/f/#fair-value "The price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date."). #### Real Estate Investments ##### [360-944-30-2](https://asc.understandingaccounting.org/asc/360/944/#360-944-30-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:10:06.445Z to 2026-09-10T00:10:06.445Z Record version: sha256:033151a45af357bd653deb6ff7345df08ced87713610cd66f9566c300188127d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Real estate investments shall be measured initially at cost. Source downloaded (UTC): 2026-09-10T00:10:09.909Z to 2026-09-10T00:10:09.909Z Record version: sha256:24efe221b82204d88585123b388a46b07a7f549eae828477d9818a2c10265d35 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 360-944-35: 35 Subsequent Measurement [Read section](https://asc.understandingaccounting.org/asc/360/944/#35-subsequent-measurement) SEC content: no #### Real Estate Acquired in Settling Certain Claims ##### [360-944-35-1](https://asc.understandingaccounting.org/asc/360/944/#360-944-35-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:10:09.909Z to 2026-09-10T00:10:09.909Z Record version: sha256:bc17d89710e17a8152d7bac0bc017fd9aa147ca7f4896583e43f36ec09b80dfd Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. In accordance with paragraph [360-10-35-43](https://asc.understandingaccounting.org/asc/360/10/#360-10-35-43), real estate classified as held for sale that was acquired in settling mortgage guaranty and title insurance claims shall be subsequently measured in accordance with the guidance on property, plant, and equipment in Section 360-10-35. ##### [360-944-35-2](https://asc.understandingaccounting.org/asc/360/944/#360-944-35-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:10:09.909Z to 2026-09-10T00:10:09.909Z Record version: sha256:0b5a0a35d0be932a925b2c25ad676cd0df24deefde6e29d81054534a6b67183a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph [944-40-35-4](https://asc.understandingaccounting.org/asc/944/40/#944-40-35-4) requires that subsequent reductions in the reported amount of real estate acquired in settling claims be recognized as an adjustment to [claim](https://asc.understandingaccounting.org/glossary/c/#claim "A demand for payment of a policy benefit because of the occurrence of an insured event.") costs incurred. #### Potential Ownership Interest in Real Estate ##### [360-944-35-3](https://asc.understandingaccounting.org/asc/360/944/#360-944-35-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:10:09.909Z to 2026-09-10T00:10:09.909Z Record version: sha256:e44c2f967e4256171ad90a41d1e1071547e77d8051c2d14779e59fa59c37bd3d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. For guidance related to estimated recoveries on unsettled claims involving a potential ownership interest in real estate, see paragraph [944-40-35-2](https://asc.understandingaccounting.org/asc/944/40/#944-40-35-2). #### Real Estate Investments ##### [360-944-35-4](https://asc.understandingaccounting.org/asc/360/944/#360-944-35-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:10:09.909Z to 2026-09-10T00:10:09.909Z Record version: sha256:5efac4af6ea36c2dbdec0d8723672d0579641e275032544ba2ae973934b97124 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Real estate investments shall be measured subsequently at cost less accumulated depreciation. ##### [360-944-35-5](https://asc.understandingaccounting.org/asc/360/944/#360-944-35-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:10:09.909Z to 2026-09-10T00:10:09.909Z Record version: sha256:43d668e7fc1c062a05ebf65b9ada8378b4c3c2341cce37a71e6a474024adfcbb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Depreciation and other related charges or credits shall be charged or credited to investment income. ##### [360-944-35-6](https://asc.understandingaccounting.org/asc/360/944/#360-944-35-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:10:09.909Z to 2026-09-10T00:10:09.909Z Record version: sha256:d01c2b5ea7e0ec099763267dfa7ee9eb92dd6a8514bd151bf0aed315e1d4a059 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Reductions in the [carrying amount](https://asc.understandingaccounting.org/glossary/c/#carrying-amount "The amount of an item as displayed in the financial statements.") of real estate investments resulting from the application of the Impairment or Disposal of Long-Lived Assets Subsections of Subtopic 360-10 shall be included in realized gains and losses. #### Real Estate Used in the Business ##### [360-944-35-7](https://asc.understandingaccounting.org/asc/360/944/#360-944-35-7) Pending content: no Source downloaded (UTC): 2026-09-10T00:10:09.909Z to 2026-09-10T00:10:09.909Z Record version: sha256:c09c7a54080b965f54f82e732a0c797389e24de483ac645bb4bf0994794af7e1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Imputed investment income and rental expense shall not be recognized for real estate used in the business. Source downloaded (UTC): 2026-09-10T00:10:11.945Z to 2026-09-10T00:10:11.945Z Record version: sha256:655792658df09c0b6930fdb50ad512650b5fdfca6e29e5ca6b1afb6035164cf8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 360-944-40: 40 Derecognition [Read section](https://asc.understandingaccounting.org/asc/360/944/#40-derecognition) SEC content: no #### Real Estate Acquired in Settling Certain Claims ##### [360-944-40-1](https://asc.understandingaccounting.org/asc/360/944/#360-944-40-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:10:11.945Z to 2026-09-10T00:10:11.945Z Record version: sha256:3aed54dcdf37d7cdee75f4decc948954453785c09f4e208fc69f89843b6c3594 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph [944-40-35-4](https://asc.understandingaccounting.org/asc/944/40/#944-40-35-4) requires that realized gains and losses on the sale of real estate acquired in settling claims be recognized as an adjustment to [claim](https://asc.understandingaccounting.org/glossary/c/#claim "A demand for payment of a policy benefit because of the occurrence of an insured event.") costs incurred. #### Real Estate Investments ##### [360-944-40-2](https://asc.understandingaccounting.org/asc/360/944/#360-944-40-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:10:11.945Z to 2026-09-10T00:10:11.945Z Record version: sha256:be0c246e20b2875c2f8b8f62e521582147ba7f154c53a81b12c2a3bb8ec1be2c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Realized gains and losses (including those on sales of real estate investments) shall not be deferred, either directly or indirectly. #### Real Estate Used in the Business ##### [360-944-40-3](https://asc.understandingaccounting.org/asc/360/944/#360-944-40-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:10:11.945Z to 2026-09-10T00:10:11.945Z Record version: sha256:02dd57dd557ee8069a365f104ef78a3c8baa1e6c16c12e1bc5e9543138cb938d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Realized gains and losses on the sale of assets other than investments, such as real estate used in the business, shall be reported in accordance with Subtopic 220-20. Source downloaded (UTC): 2026-09-10T00:10:15.471Z to 2026-09-10T00:10:15.471Z Record version: sha256:7714b930800bfee8f31b1a459c00f3c51f769a8cfad34c382fa23aad7bf74abb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 360-944-45: 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/360/944/#45-other-presentation-matters) SEC content: no #### Balance Sheet—Real Estate Acquired in Settling Certain Claims ##### [360-944-45-1](https://asc.understandingaccounting.org/asc/360/944/#360-944-45-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:10:15.471Z to 2026-09-10T00:10:15.471Z Record version: sha256:ec578c01b715da6b66f8509414542b2b13c3cf42a3a0e3896c5162184a1e6a66 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Real estate acquired in settling claims shall be separately reported in the balance sheet and shall not be classified as an investment. #### Income Statement ##### [360-944-45-2](https://asc.understandingaccounting.org/asc/360/944/#360-944-45-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:10:15.471Z to 2026-09-10T00:10:15.471Z Record version: sha256:d7f165f79ac6b81fbdbfe9e872649ae710e329e449cd672e27b7ab8544a10c08 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Depreciation and other real estate operating costs shall be classified as investment expenses or operating expenses consistent with the balance sheet classification of the related asset. ##### [360-944-45-3](https://asc.understandingaccounting.org/asc/360/944/#360-944-45-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:10:15.471Z to 2026-09-10T00:10:15.471Z Record version: sha256:69ffc33b3ad5d78e918a04d493dc6b542b2f8b3cf9bde63124f6b4ea444094e9 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Realized gains and losses on investments in real estate shall be reported in the statement of earnings as a component of other income, on a pretax basis. ##### [360-944-45-4](https://asc.understandingaccounting.org/asc/360/944/#360-944-45-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:10:15.471Z to 2026-09-10T00:10:15.471Z Record version: sha256:627d79bbe13cfcd4ed0c35fa7c4f68787643dae4af629e391f7310ab3061e757 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Realized gains and losses shall be presented as a separate item in the statement of earnings or disclosed in the notes to financial statements (see paragraph [944-310-50-1](https://asc.understandingaccounting.org/asc/310/944/#310-944-50-1)). #### Other-Than-Temporary Impairment ##### [360-944-45-5](https://asc.understandingaccounting.org/asc/360/944/#360-944-45-5) Pending content: yes Source downloaded (UTC): 2026-09-10T00:10:15.471Z to 2026-09-10T00:10:15.471Z Record version: sha256:668ba6372245ff365e9025e5e1f3c3713b10fe05fc7ee148cfbcc7f395025f4e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Losses arising from an other-than-temporary impairment shall be presented in accordance with Subtopic 320-10. Transition date:(P) December 16, 2026; (N) December 16, 2026Transition guidance: [105-10-65-10](https://asc.understandingaccounting.org/asc/105/10/#105-10-65-10)
Editor's Note: Paragraph 944-360-45-5 will be superseded upon transition, together with its heading.
> Other-Than-Temporary Impairment
[Paragraph superseded by Accounting Standards Update No. 2025-12.](https://asc.understandingaccounting.org/updates/asu-2025-12/) Source downloaded (UTC): 2026-09-10T00:10:18.930Z to 2026-09-10T00:10:18.930Z Record version: sha256:41a1efcda74e1af17a52bebfa768281b7a73e036ec3fceb5465d3bd9f26e4fd8 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 360-944-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/360/944/#50-disclosure) SEC content: no ##### [360-944-50-1](https://asc.understandingaccounting.org/asc/360/944/#360-944-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:10:18.930Z to 2026-09-10T00:10:18.930Z Record version: sha256:2b55e0f3a1a753b2d12906566f065ed7f15648ee45af8a634826c168419883a5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. If realized gains and losses are not presented as a separate item in the statement of earnings, they shall be disclosed in the notes to financial statements.