{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/505/944/#05-overview-and-background","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":"505","topic_title":"Equity","subtopic":"505-944","subtopic_title":"Financial Services—Insurance","section":{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"505-944-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic provides guidance to insurance entities on disclosures about equity and related <a href=\"/glossary/s/#statutory-accounting-practices\" class=\"term\" title=\"Accounting principles required by statute, regulation, or rule, or permitted by specific approval, that an insurance entity is required to follow when submitting its financial statements to state insurance departments.\"><span>statutory accounting practices</span></a>. For a background discussion of statutory accounting practices, see Section <a altsource=\"GUID-BD7022C4-878A-4AD6-A882-2F7C43CDD717.ditamap\" class=\"ditamap\">944-20-05</a>.</div></div>","snippet":"This Subtopic provides guidance to insurance entities on disclosures about equity and related statutory accounting practices. For a background discussion of statutory accounting practices, see Section 944-20-05.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c6f6aeb364a4e3d0a1dd996280a113e2079b96419759b40061160ff552b82f67","downloaded_from":"2026-09-10T00:40:25.190Z","last_downloaded_at":"2026-09-10T00:40:25.190Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479107","source_sha256":"da600c52904da40b9272805c16417a8f6befba11363811bd3e2b28957f0d6080"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2c135845065027e0e17189d1980e0bc77dc910b4ff24c348294ada78dd0fe494","downloaded_from":"2026-09-10T00:40:25.190Z","last_downloaded_at":"2026-09-10T00:40:25.190Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479107","source_sha256":"da600c52904da40b9272805c16417a8f6befba11363811bd3e2b28957f0d6080"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e08c709905e4cd51a3b971373b7b0d6d21a259a992ea8766728e7c1eae832c05","downloaded_from":"2026-09-10T00:40:25.190Z","last_downloaded_at":"2026-09-10T00:40:25.190Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479107","source_sha256":"da600c52904da40b9272805c16417a8f6befba11363811bd3e2b28957f0d6080"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e08c709905e4cd51a3b971373b7b0d6d21a259a992ea8766728e7c1eae832c05","downloaded_from":"2026-09-10T00:40:25.190Z","last_downloaded_at":"2026-09-10T00:40:25.190Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479107","source_sha256":"da600c52904da40b9272805c16417a8f6befba11363811bd3e2b28957f0d6080"}}