# ASC 505-944-50: Equity — Financial Services—Insurance — 50 Disclosure Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/505/944/#50-disclosure) 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): 2026-09-10T00:40:34.862Z to 2026-09-10T00:40:34.862Z Record version: sha256:946e410697a6974050f381bb74e10e3045319938ccf862510bc2053708fab199 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 505-944-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/505/944/#50-disclosure) SEC content: no ##### [505-944-50-1](https://asc.understandingaccounting.org/asc/505/944/#505-944-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T00:40:34.862Z to 2026-09-10T00:40:34.862Z Record version: sha256:4a1b488e10f22a6f39002fb20b7b0c2d69284925f59735a034d9dc050bacf2ab Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/glossary/s/#statutory-accounting-practices "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.") 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. ##### [505-944-50-2](https://asc.understandingaccounting.org/asc/505/944/#505-944-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T00:40:34.862Z to 2026-09-10T00:40:34.862Z Record version: sha256:bf4ef9ddf6dfcdb48691dab7761df3de51ab8d80fe3ea5688c40ee2802eded2f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. ##### [505-944-50-3](https://asc.understandingaccounting.org/asc/505/944/#505-944-50-3) Pending content: no Source downloaded (UTC): 2026-09-10T00:40:34.862Z to 2026-09-10T00:40:34.862Z Record version: sha256:f6fc962ed97c00b078b99bfb577a79d38162efa4bd4ecb13f4373063809acc57 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. ##### [505-944-50-4](https://asc.understandingaccounting.org/asc/505/944/#505-944-50-4) Pending content: no Source downloaded (UTC): 2026-09-10T00:40:34.862Z to 2026-09-10T00:40:34.862Z Record version: sha256:4f6d09e270ad5e0fb98b61881e9db546504a6bf8a2a3a166a39d11bb214cb698 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. ##### [505-944-50-5](https://asc.understandingaccounting.org/asc/505/944/#505-944-50-5) Pending content: no Source downloaded (UTC): 2026-09-10T00:40:34.862Z to 2026-09-10T00:40:34.862Z Record version: sha256:4599649d9ac3ef08f5f672420e0402f2f91026b1636d60325f2b82a91861b99e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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. ##### [505-944-50-6](https://asc.understandingaccounting.org/asc/505/944/#505-944-50-6) Pending content: no Source downloaded (UTC): 2026-09-10T00:40:34.862Z to 2026-09-10T00:40:34.862Z Record version: sha256:2b711b3cf4fb31c511e9687ef1686fa3b27ccc370023a7990da4cdcabc66f12e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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.