# ASC 605-944-45: Revenue Recognition — Financial Services—Insurance — 45 Other Presentation Matters

Source: FASB Accounting Standards Codification, Basic View

[Read online](https://asc.understandingaccounting.org/asc/605/944/#45-other-presentation-matters)

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): 2026-09-10T00:49:36.452Z to 2026-09-10T00:49:36.452Z

Record version: sha256:8640e36eb338cf93eaea0598681a02764c6efb80d5c699b1332cd46d95474a28

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


## ASC 605-944-45: 45 Other Presentation Matters

[Read section](https://asc.understandingaccounting.org/asc/605/944/#45-other-presentation-matters)

SEC content: no

### Reinsurance Contracts

#### All Reinsurance Contracts

##### [605-944-45-1](https://asc.understandingaccounting.org/asc/605/944/#605-944-45-1)

Pending content: no

Source downloaded (UTC): 2026-09-10T00:49:36.452Z to 2026-09-10T00:49:36.452Z

Record version: sha256:c26f57f8f8b15abbb9a5d5af38fc3d3bda57f99040de929d8b42319c4045ae3d

Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f

Effective as of: not established by retrieval timestamps.


The amounts of earned premiums ceded and recoveries recognized under [reinsurance](https://asc.understandingaccounting.org/glossary/r/#reinsurance "A transaction in which a reinsurer (assuming entity), for a consideration (premium), assumes all or part of a risk undertaken originally by another insurer (ceding entity). For indemnity reinsurance, the legal rights of the insured are not affected by the reinsurance transaction and the insurance entity issuing the insurance contract remains liable to the insured for payment of policy benefits. Assumption or novation reinsurance contracts that are legal replacements of one insurer by another extinguish the ceding entity's liability to the policyholder.") contracts shall either be:

1.  a
    
    Reported in the statement of earnings, as separate line items or parenthetically
    
2.  b
    
    Disclosed in the notes to financial statements under paragraph [944-605-50-1](https://asc.understandingaccounting.org/asc/605/944/#605-944-50-1).