{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/805/944/#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":"805","topic_title":"Business Combinations","subtopic":"805-944","subtopic_title":"Financial Services—Insurance","section":{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"805-944-50-1","para":"50-1","html":"
The disclosures in paragraphs
350-30-50-1 through 50-3
apply to the intangible assets recognized pursuant to paragraph 944-805-25-3.
","snippet":"The disclosures in paragraphs 350-30-50-1 through 50-3 apply to the intangible assets recognized pursuant to paragraph 944-805-25-3.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:10695687b35c2ca307c7c62ccc14838591336dc424cff714f726118d2c5c07c0","downloaded_from":"2026-09-10T01:27:01.511Z","last_downloaded_at":"2026-09-10T01:27:01.511Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478072","source_sha256":"d92ef935e800fdd4f922472b7ab31fb8a7ae392dfe80c305ff17424df0fd7195"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ae22395191535117e0476588587158d546403015d25289db3f81437b1dea6718","downloaded_from":"2026-09-10T01:27:01.511Z","last_downloaded_at":"2026-09-10T01:27:01.511Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478072","source_sha256":"d92ef935e800fdd4f922472b7ab31fb8a7ae392dfe80c305ff17424df0fd7195"}},{"block":"Demutualizations","heading":null,"paragraphs":[{"citation":"805-944-50-2","para":"50-2","html":"
An insurance entity shall disclose all of the following:
  1. a
    The nature and terms of a demutualization or formation of a mutual insurance holding entity
  2. b
    The basis of presentation and terms of operation of the closed block
  3. c
    A general description of all of the following:
    1. 1
      The method of emergence of earnings from the closed block
    2. 2
      Presentation of assets and liabilities of the closed block
    3. 3
      The policyholder dividend obligation.
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An insurance entity that has formed a closed block shall disclose both of the following:
  1. a
    A general description of the closed block, including all of the following:
    1. 1
      The purpose of the closed block
    2. 2
      The types of insurance policies included
    3. 3
      The nature of the cash flows that increase and decrease the amount of closed block assets and liabilities
    4. 4
      An indication of the continuing responsibility of the insurance entity to support the payment of contractual benefits, including the results of premium sufficiency or deficiency determined in accordance with paragraphs
      944-60-25-7 through 25-9
    5. 5
      The nature of expenses charged to the closed block operations.
  2. b
    Summarized financial data of the closed block as of, or for periods ending on the date of, the financial statements presented, which shall include, at a minimum, all of the following:
    1. 1
      The carrying amounts for the major types of invested assets of the closed block
    2. 2
      Future policy benefits and policyholders' account balances
    3. 3
      Policyholder dividend obligation
    4. 4
      Premiums
    5. 5
      Net investment income
    6. 6
      Realized investment gains and losses
    7. 7
      Policyholder benefits
    8. 8
      Policyholder dividends
    9. 9
      The amount of maximum future earnings remaining to inure to the benefit of stockholders from the assets and liabilities of the closed block
    10. 10
      An analysis of the changes in the policyholder dividend obligation.
Example 2 (see paragraph 944-805-55-3) illustrates the application of these disclosure requirements.
","snippet":"An insurance entity that has formed a closed block shall disclose both of the following:\n(a) A general description of the closed block, including all of the following:\n(1) The purpose of the closed block\n(2) The types of…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:11c4f778c3106a529b683261a235692cf8aea3211047cc813ccdfcf9dd0636de","downloaded_from":"2026-09-10T01:27:01.511Z","last_downloaded_at":"2026-09-10T01:27:01.511Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478072","source_sha256":"d92ef935e800fdd4f922472b7ab31fb8a7ae392dfe80c305ff17424df0fd7195"}},{"citation":"805-944-50-4","para":"50-4","html":"
Disclosures that typically would be required by the preceding paragraph for the various specific elements included in the closed block need not be made separately for the closed block if the nature of the information for the closed block would not differ significantly from that already included for the reporting entity as a whole. For example, it is not necessary to show a separate schedule of contractual maturities of closed block fixed maturity securities if the relative composition of contractual maturities is similar to those of the reporting entity taken as a whole. However, if the relative maturities of the closed block fixed maturities securities differ from those of the reporting entity taken as a whole, separate disclosures shall be made.
","snippet":"Disclosures that typically would be required by the preceding paragraph for the various specific elements included in the closed block need not be made separately for the closed block if the nature of the information for…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7f7a86e9e31649e52a422b50817de02ead8640e63d1794577bac720db5da1e3f","downloaded_from":"2026-09-10T01:27:01.511Z","last_downloaded_at":"2026-09-10T01:27:01.511Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478072","source_sha256":"d92ef935e800fdd4f922472b7ab31fb8a7ae392dfe80c305ff17424df0fd7195"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f2b081b9f76a7828fa2fb2c95e507556073285dea4a7b6d1a19bc4357a495c36","downloaded_from":"2026-09-10T01:27:01.511Z","last_downloaded_at":"2026-09-10T01:27:01.511Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478072","source_sha256":"d92ef935e800fdd4f922472b7ab31fb8a7ae392dfe80c305ff17424df0fd7195"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ed5059e36febbd6cf5275d0caae486a1eb0bdc48dc8bfb1cc989f859d8e01166","downloaded_from":"2026-09-10T01:27:01.511Z","last_downloaded_at":"2026-09-10T01:27:01.511Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478072","source_sha256":"d92ef935e800fdd4f922472b7ab31fb8a7ae392dfe80c305ff17424df0fd7195"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ed5059e36febbd6cf5275d0caae486a1eb0bdc48dc8bfb1cc989f859d8e01166","downloaded_from":"2026-09-10T01:27:01.511Z","last_downloaded_at":"2026-09-10T01:27:01.511Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478072","source_sha256":"d92ef935e800fdd4f922472b7ab31fb8a7ae392dfe80c305ff17424df0fd7195"}}