{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/505/944/#50-disclosure","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":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"505-944-50-1","para":"50-1","html":"
Insurance entities shall disclose in their financial statements all of the following information relating to stockholders' equity, statutory capital and surplus, and the effects of statutory accounting practices on the entity's ability to pay dividends to stockholders:
  1. a
    The amount of statutory capital and surplus
  2. b
    The amount of statutory capital and surplus necessary to satisfy regulatory requirements (based on the entity's current operations) if significant in relation to the entity's statutory capital and surplus
  3. c
    The nature of statutory restrictions on the payment of dividends and the amount of retained earnings that is not available for the payment of dividends to stockholders.
","snippet":"Insurance entities shall disclose in their financial statements all of the following information relating to stockholders' equity, statutory capital and surplus, and the effects of statutory accounting practices on the e…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4a1b488e10f22a6f39002fb20b7b0c2d69284925f59735a034d9dc050bacf2ab","downloaded_from":"2026-09-10T00:40:34.862Z","last_downloaded_at":"2026-09-10T00:40:34.862Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477908","source_sha256":"a81c79a10b48a9977a83aa33d22c311a649ccccc3161c0002e38a513e1c0a4e1"}},{"citation":"505-944-50-2","para":"50-2","html":"
The disclosure requirements beginning in the following paragraph apply to annual and complete sets of interim financial statements prepared in conformity with generally accepted accounting principles (GAAP). The disclosures in the following paragraph shall be made if both of the following conditions are met:
  1. a
    The use of prescribed or permitted statutory accounting practices (individually or in the aggregate) results in reported statutory surplus or risk-based capital that is significantly different from the statutory surplus or risk-based capital that would have been reported had National Association of Insurance Commissioners' statutory accounting practices been followed.
  2. b
    Either of the following conditions is met:
    1. 1
      State-prescribed statutory accounting practices differ from National Association of Insurance Commissioners' statutory accounting practices.
    2. 2
      Permitted state statutory accounting practices differ from either state-prescribed statutory accounting practices or National Association of Insurance Commissioners' statutory accounting practices.
","snippet":"The disclosure requirements beginning in the following paragraph apply to annual and complete sets of interim financial statements prepared in conformity with generally accepted accounting principles (GAAP). The disclosu…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:bf4ef9ddf6dfcdb48691dab7761df3de51ab8d80fe3ea5688c40ee2802eded2f","downloaded_from":"2026-09-10T00:40:34.862Z","last_downloaded_at":"2026-09-10T00:40:34.862Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477908","source_sha256":"a81c79a10b48a9977a83aa33d22c311a649ccccc3161c0002e38a513e1c0a4e1"}},{"citation":"505-944-50-3","para":"50-3","html":"
If the criteria in the preceding paragraph are met, insurance entities shall disclose both of the following at the date each financial statement is presented:
  1. a
    A description of the prescribed or permitted statutory accounting practice
  2. b
    The related monetary effect on statutory surplus of using an accounting practice that differs from either state-prescribed statutory accounting practices or National Association of Insurance Commissioners' statutory accounting practices.
","snippet":"If the criteria in the preceding paragraph are met, insurance entities shall disclose both of the following at the date each financial statement is presented:\n(a) A description of the prescribed or permitted statutory ac…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f6fc962ed97c00b078b99bfb577a79d38162efa4bd4ecb13f4373063809acc57","downloaded_from":"2026-09-10T00:40:34.862Z","last_downloaded_at":"2026-09-10T00:40:34.862Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477908","source_sha256":"a81c79a10b48a9977a83aa33d22c311a649ccccc3161c0002e38a513e1c0a4e1"}},{"citation":"505-944-50-4","para":"50-4","html":"
The disclosures in the preceding paragraph shall be applied by all of the following entities if the entity prepares U.S. GAAP financial statements:
  1. a
    A U.S. insurance entity
  2. b
    A U.S. entity with a U.S. insurance subsidiary
  3. c
    A foreign entity with a U.S. insurance subsidiary.
","snippet":"The disclosures in the preceding paragraph shall be applied by all of the following entities if the entity prepares U.S. GAAP financial statements:\n(a) A U.S. insurance entity\n(b) A U.S. entity with a U.S. insurance subs…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4f6d09e270ad5e0fb98b61881e9db546504a6bf8a2a3a166a39d11bb214cb698","downloaded_from":"2026-09-10T00:40:34.862Z","last_downloaded_at":"2026-09-10T00:40:34.862Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477908","source_sha256":"a81c79a10b48a9977a83aa33d22c311a649ccccc3161c0002e38a513e1c0a4e1"}},{"citation":"505-944-50-5","para":"50-5","html":"
If a foreign insurance entity that does not have a U.S. insurance subsidiary prepares U.S. GAAP financial statements or is included in its parent's consolidated U.S. GAAP financial statements, the notes to financial statements shall disclose permitted regulatory accounting practices that significantly differ from the prescribed regulatory accounting practices of its respective regulatory authority and their monetary effects.
","snippet":"If a foreign insurance entity that does not have a U.S. insurance subsidiary prepares U.S. GAAP financial statements or is included in its parent's consolidated U.S. GAAP financial statements, the notes to financial stat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4599649d9ac3ef08f5f672420e0402f2f91026b1636d60325f2b82a91861b99e","downloaded_from":"2026-09-10T00:40:34.862Z","last_downloaded_at":"2026-09-10T00:40:34.862Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477908","source_sha256":"a81c79a10b48a9977a83aa33d22c311a649ccccc3161c0002e38a513e1c0a4e1"}},{"citation":"505-944-50-6","para":"50-6","html":"
If an insurance entity's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact shall be disclosed in the financial statements.
","snippet":"If an insurance entity's risk-based capital would have triggered a regulatory event had it not used a permitted practice, that fact shall be disclosed in the financial statements.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2b711b3cf4fb31c511e9687ef1686fa3b27ccc370023a7990da4cdcabc66f12e","downloaded_from":"2026-09-10T00:40:34.862Z","last_downloaded_at":"2026-09-10T00:40:34.862Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477908","source_sha256":"a81c79a10b48a9977a83aa33d22c311a649ccccc3161c0002e38a513e1c0a4e1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:313adbef8d19634a89b42fdb979ca24ee813cbc634a8655b084534e0da15aee0","downloaded_from":"2026-09-10T00:40:34.862Z","last_downloaded_at":"2026-09-10T00:40:34.862Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477908","source_sha256":"a81c79a10b48a9977a83aa33d22c311a649ccccc3161c0002e38a513e1c0a4e1"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:946e410697a6974050f381bb74e10e3045319938ccf862510bc2053708fab199","downloaded_from":"2026-09-10T00:40:34.862Z","last_downloaded_at":"2026-09-10T00:40:34.862Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477908","source_sha256":"a81c79a10b48a9977a83aa33d22c311a649ccccc3161c0002e38a513e1c0a4e1"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:946e410697a6974050f381bb74e10e3045319938ccf862510bc2053708fab199","downloaded_from":"2026-09-10T00:40:34.862Z","last_downloaded_at":"2026-09-10T00:40:34.862Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477908","source_sha256":"a81c79a10b48a9977a83aa33d22c311a649ccccc3161c0002e38a513e1c0a4e1"}}