# ASC 805-944-50: Business Combinations — Financial Services—Insurance — 50 Disclosure Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/805/944/#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): 2026-09-10T01:27:01.511Z to 2026-09-10T01:27:01.511Z Record version: sha256:ed5059e36febbd6cf5275d0caae486a1eb0bdc48dc8bfb1cc989f859d8e01166 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 805-944-50: 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/805/944/#50-disclosure) SEC content: no ##### [805-944-50-1](https://asc.understandingaccounting.org/asc/805/944/#805-944-50-1) Pending content: no Source downloaded (UTC): 2026-09-10T01:27:01.511Z to 2026-09-10T01:27:01.511Z Record version: sha256:10695687b35c2ca307c7c62ccc14838591336dc424cff714f726118d2c5c07c0 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The disclosures in paragraphs [350-30-50-1 through 50-3](https://asc.understandingaccounting.org/asc/350/30/#350-30-50-1) apply to the intangible assets recognized pursuant to paragraph [944-805-25-3](https://asc.understandingaccounting.org/asc/805/944/#805-944-25-3). ### Demutualizations ##### [805-944-50-2](https://asc.understandingaccounting.org/asc/805/944/#805-944-50-2) Pending content: no Source downloaded (UTC): 2026-09-10T01:27:01.511Z to 2026-09-10T01:27:01.511Z Record version: sha256:8d93e610952c1f74a763dc362c0e53b095dd6eb66d272aee0daeb19476f295f5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. An insurance entity shall disclose all of the following: 1. a The nature and terms of a [demutualization](https://asc.understandingaccounting.org/glossary/d/#demutualization "The conversion of a mutual insurance entity to a stock insurance entity.") or formation of a mutual insurance holding entity 2. b The basis of presentation and terms of operation of the [closed block](https://asc.understandingaccounting.org/glossary/c/#closed-block "A mechanism to preserve, over time, the reasonable dividend expectations of individual policyholders with individual life, health, or annuity policies for which dividends are currently being paid or are expected to be paid under the current dividend scale. A closed block comprises a defined, limited group of policies and a defined set of assets, and is governed by a set of operating rules.") 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. ##### [805-944-50-3](https://asc.understandingaccounting.org/asc/805/944/#805-944-50-3) Pending content: no Source downloaded (UTC): 2026-09-10T01:27:01.511Z to 2026-09-10T01:27:01.511Z Record version: sha256:11c4f778c3106a529b683261a235692cf8aea3211047cc813ccdfcf9dd0636de Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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](https://asc.understandingaccounting.org/asc/944/60/#944-60-25-7) 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](https://asc.understandingaccounting.org/asc/805/944/#805-944-55-3)) illustrates the application of these disclosure requirements. ##### [805-944-50-4](https://asc.understandingaccounting.org/asc/805/944/#805-944-50-4) Pending content: no Source downloaded (UTC): 2026-09-10T01:27:01.511Z to 2026-09-10T01:27:01.511Z Record version: sha256:7f7a86e9e31649e52a422b50817de02ead8640e63d1794577bac720db5da1e3f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. 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.