{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/825/944/","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.","number":"825-944","topic":"825","title":"Financial Services—Insurance","area":"Broad Transactions","paragraphs":18,"summary":"This subtopic applies the financial instruments guidance to insurance entities, covering investment contracts and disclosures about concentrations of credit risk arising from reinsurance contracts. Amounts received under investment contracts are not revenue; they are recorded as liabilities and accounted for like interest-bearing or other financial instruments, with related deferred acquisition costs reported as an asset. Ceding entities must disclose credit risk concentrations for reinsurance recoverables and prepaid reinsurance premiums, and must disclose the carrying amount of securities deposited with state regulatory authorities.","concepts":["investment contracts","reinsurance contracts","concentrations of credit risk","reinsurance recoverables","prepaid reinsurance premiums","deferred acquisition costs","ceding entity","retrocession"],"categories":["Financial instruments","Disclosure","Industry-specific","Revenue"],"level":"intermediate","topic_title":"Financial Instruments","sections":[{"number":"00","label":"00 Status","anchor":"00-status","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"825-944-00-1","para":"00-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">The following table identifies the changes made to this Subtopic.</div> <div class=\"norm-text\"> <table class=\"asc-table\" id=\"SL6968748-165312\"> <tr> <td class=\"entry\"> <strong class=\"ph b\">Paragraph</strong> </td> <td class=\"entry\"> <strong class=\"ph b\">Action</strong> </td> <td class=\"entry\"> <strong class=\"ph b\">Accounting Standards Update</strong> </td> <td class=\"entry\"> <strong class=\"ph b\">Date</strong> </td> </tr> <tr> <td class=\"entry\"></td> <td class=\"entry\"></td> <td class=\"entry\"></td> <td class=\"entry\"></td> </tr> <tr> <td class=\"entry\"> <a href=\"/glossary/a/#acquisition-costs\" class=\"term\" title=\"Costs that are related directly to the successful acquisition of new or renewal insurance contracts.\"><span>Acquisition Costs</span></a> </td> <td class=\"entry\">Amended</td> <td class=\"entry\"> <a href=\"/updates/asu-2010-26/\" class=\"xref\">Accounting Standards Update No. 2010-26</a> </td> <td class=\"entry\">10/13/2010</td> </tr> <tr> <td class=\"entry\"> <a href=\"/glossary/r/#reinsurance-recoverable\" class=\"term\" title=\"All amounts recoverable from reinsurers for paid and unpaid claims and claim settlement expenses, including estimated amounts receivable for unsettled claims, claims incurred but not reported, or policy benefits.\"><span>Reinsurance Recoverable</span></a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2016-19/\" class=\"xref\">Accounting Standards Update No. 2016-19</a> </td> <td class=\"entry\">12/14/2016</td> </tr> <tr> <td class=\"entry\"></td> <td class=\"entry\"></td> <td class=\"entry\"></td> <td class=\"entry\"></td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/825/944/#825-944-45-1\" class=\"xref\">944-825-45-1</a> </td> <td class=\"entry\">Amended</td> <td class=\"entry\"> <a href=\"/updates/asu-2018-12/\" class=\"xref\">Accounting Standards Update No. 2018-12</a> </td> <td class=\"entry\">08/15/2018</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/825/944/#825-944-50-1\" class=\"xref\">944-825-50-1</a> </td> <td class=\"entry\">Amended</td> <td class=\"entry\"> <a href=\"/updates/asu-2016-19/\" class=\"xref\">Accounting Standards Update No. 2016-19</a> </td> <td class=\"entry\">12/14/2016</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/825/944/#825-944-50-1\" class=\"xref\">944-825-50-1</a> </td> <td class=\"entry\">Superseded</td> <td class=\"entry\"> <a href=\"/updates/asu-2016-01/\" class=\"xref\">Accounting Standards Update No. 2016-01</a> </td> <td class=\"entry\">01/05/2016</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/825/944/#825-944-50-1A\" class=\"xref\">944-825-50-1A</a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2016-01/\" class=\"xref\">Accounting Standards Update No. 2016-01</a> </td> <td class=\"entry\">01/05/2016</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/825/944/#825-944-50-1B\" class=\"xref\">944-825-50-1B</a> </td> <td class=\"entry\">Amended</td> <td class=\"entry\"> <a href=\"/updates/asu-2016-19/\" class=\"xref\">Accounting Standards Update No. 2016-19</a> </td> <td class=\"entry\">12/14/2016</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/825/944/#825-944-50-1B\" class=\"xref\">944-825-50-1B</a> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2016-01/\" class=\"xref\">Accounting Standards Update No. 2016-01</a> </td> <td class=\"entry\">01/05/2016</td> </tr> <tr> <td class=\"entry\"> <div class=\"xref-range displayInline\"><a href=\"/asc/825/944/#825-944-50-1\" class=\"xref\">944-825-50-1 through 50-3</a></div> </td> <td class=\"entry\">Added</td> <td class=\"entry\"> <a href=\"/updates/asu-2012-04/\" class=\"xref\">Accounting Standards Update No. 2012-04</a> </td> <td class=\"entry\">10/01/2012</td> </tr> <tr> <td class=\"entry\"> <a href=\"/asc/825/944/#825-944-55-1\" class=\"xref\">944-825-55-1 through 55-3</a> </td> <td class=\"entry\">Superseded</td> <td class=\"entry\"> <a href=\"/updates/asu-2012-04/\" class=\"xref\">Accounting Standards Update No. 2012-04</a> </td> <td class=\"entry\">10/01/2012</td> </tr> </table> </div> </div>","snippet":"The following table identifies the changes made to this Subtopic.\nParagraph | Action | Accounting Standards Update | Date |\n| | | |\nAcquisition Costs | Amended | Accounting Standards Update No. 2010-26 | 10/13/2010 |\nRei…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fc57fb403a8dbcecf6610821ab817cec3c3313ebe94288f12928da2dcedaeb69","downloaded_from":"2026-09-10T01:45:26.659Z","last_downloaded_at":"2026-09-10T01:45:26.659Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477326","source_sha256":"2300ab896b35216fca8d1feae19b348dac9ea83f94b09114ce6994f70479714a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:23f259c66a4e8a5cedeed4e99fec7f7154f6dbd55cda40551b6b25182044bbaf","downloaded_from":"2026-09-10T01:45:26.659Z","last_downloaded_at":"2026-09-10T01:45:26.659Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477326","source_sha256":"2300ab896b35216fca8d1feae19b348dac9ea83f94b09114ce6994f70479714a"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c499d6fcd1a33c7a6e47049a2c33daa96e1e9824cb95f501bb71fde41c8739a6","downloaded_from":"2026-09-10T01:45:26.659Z","last_downloaded_at":"2026-09-10T01:45:26.659Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477326","source_sha256":"2300ab896b35216fca8d1feae19b348dac9ea83f94b09114ce6994f70479714a"}},{"number":"05","label":"05 Overview and Background","anchor":"05-overview-and-background","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"825-944-05-1","para":"05-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic provides guidance to insurance entities on accounting for and financial reporting of financial instruments, including guidance on <a href=\"/glossary/i/#investment-contracts\" class=\"term\" title=\"Long-duration contracts that do not subject the insurance entity to risks arising from policyholder mortality or morbidity.\"><span>investment contracts</span></a> and implementation guidance on disclosures about concentrations of credit risk of <a href=\"/glossary/r/#reinsurance\" class=\"term\" title=\"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.\"><span>reinsurance</span></a> contracts. The guidance in this Subtopic is provided in the following two Subsections:<ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\">General</div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\">Reinsurance contracts.</div></li></ol></div></div>","snippet":"This Subtopic provides guidance to insurance entities on accounting for and financial reporting of financial instruments, including guidance on investment contracts and implementation guidance on disclosures about concen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3befa05a3f706fa92d1204bb478a38f770ec43de4433b3ee59e8c88c24262df5","downloaded_from":"2026-09-10T01:45:30.017Z","last_downloaded_at":"2026-09-10T01:45:30.017Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477037","source_sha256":"c31c8e1b24d3217569ec9e6252f9532d1dd2f89e2146f0c5b7589141468993ae"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c085d3e48de520e4bb907c6cb2a10a247544b3500977f91ea52da46f5e4b7153","downloaded_from":"2026-09-10T01:45:30.017Z","last_downloaded_at":"2026-09-10T01:45:30.017Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477037","source_sha256":"c31c8e1b24d3217569ec9e6252f9532d1dd2f89e2146f0c5b7589141468993ae"}},{"block":"Reinsurance Contracts","heading":null,"paragraphs":[{"citation":"825-944-05-2","para":"05-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">The Reinsurance Contracts Subsections of this Subtopic provide guidance to insurance entities on disclosures about concentrations of credit risk of <a href=\"/glossary/r/#reinsurance\" class=\"term\" title=\"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.\"><span>reinsurance</span></a> contracts.</div></div>","snippet":"The Reinsurance Contracts Subsections of this Subtopic provide guidance to insurance entities on disclosures about concentrations of credit risk of reinsurance contracts.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:36246bc22500972622739e786d48380e7e5b3d4322855e532a8aa153bebba010","downloaded_from":"2026-09-10T01:45:30.017Z","last_downloaded_at":"2026-09-10T01:45:30.017Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477037","source_sha256":"c31c8e1b24d3217569ec9e6252f9532d1dd2f89e2146f0c5b7589141468993ae"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7e8ce03fc4ae883af95ecf1ae9a2a84346f6e841dcaf392662d1ea8a31467c6d","downloaded_from":"2026-09-10T01:45:30.017Z","last_downloaded_at":"2026-09-10T01:45:30.017Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477037","source_sha256":"c31c8e1b24d3217569ec9e6252f9532d1dd2f89e2146f0c5b7589141468993ae"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6f7c0403e48a2f5032f988ffb828f9e392b26b829846a2eea217af3a9358e4c6","downloaded_from":"2026-09-10T01:45:30.017Z","last_downloaded_at":"2026-09-10T01:45:30.017Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477037","source_sha256":"c31c8e1b24d3217569ec9e6252f9532d1dd2f89e2146f0c5b7589141468993ae"}},{"number":"15","label":"15 Scope and Scope Exceptions","anchor":"15-scope-and-scope-exceptions","is_sec":false,"groups":[{"block":null,"heading":"Overall Guidance","paragraphs":[{"citation":"825-944-15-1","para":"15-1","html":"<div class=\"asc-body\"><div class=\"norm-text\">This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section <a altsource=\"GUID-6D9C18A3-ADAA-4660-A6E4-06A364A6BB5D.ditamap\" class=\"ditamap\">944-10-15</a>, with specific instrument qualifications noted below.</div></div>","snippet":"This Subtopic follows the same Scope and Scope Exceptions as outlined in the Overall Subtopic, see Section 944-10-15, with specific instrument qualifications noted below.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:df3bd2c7aca48937766d42ab761fd7cc3211327153ab018777ce8272dafdb03f","downloaded_from":"2026-09-10T01:45:34.039Z","last_downloaded_at":"2026-09-10T01:45:34.039Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477471","source_sha256":"3eb24fb26a96fff04b937233b5bc7482b4494e0f12ac576974b13782f3339544"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e68028d9d1082448a60e7d2a29e4ef28788d6d0daf4a38db89837a3249051408","downloaded_from":"2026-09-10T01:45:34.039Z","last_downloaded_at":"2026-09-10T01:45:34.039Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477471","source_sha256":"3eb24fb26a96fff04b937233b5bc7482b4494e0f12ac576974b13782f3339544"}},{"block":null,"heading":"Instruments","paragraphs":[{"citation":"825-944-15-2","para":"15-2","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in this Subtopic applies to all financial instruments, including <a href=\"/glossary/i/#investment-contracts\" class=\"term\" title=\"Long-duration contracts that do not subject the insurance entity to risks arising from policyholder mortality or morbidity.\"><span>investment contracts</span></a>. For a guidance on identifying investment contracts, see the discussion beginning in paragraph <a href=\"/asc/944/20/#944-20-15-16\" class=\"xref\">944-20-15-16</a>.</div></div>","snippet":"The guidance in this Subtopic applies to all financial instruments, including investment contracts. For a guidance on identifying investment contracts, see the discussion beginning in paragraph 944-20-15-16.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8f062b097fc830a574806e3fc07d4b73571b3e9cbcf3ad1c25397f35c39adc1e","downloaded_from":"2026-09-10T01:45:34.039Z","last_downloaded_at":"2026-09-10T01:45:34.039Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477471","source_sha256":"3eb24fb26a96fff04b937233b5bc7482b4494e0f12ac576974b13782f3339544"}},{"citation":"825-944-15-3","para":"15-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/page-1833002/\" class=\"xref\">Paragraph not used</a>.</div></div>","snippet":"Paragraph not used.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a657c990e7388dbfb492248682c5e82553097daa9c0a1cd0ea85a11ac380ea8f","downloaded_from":"2026-09-10T01:45:34.039Z","last_downloaded_at":"2026-09-10T01:45:34.039Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477471","source_sha256":"3eb24fb26a96fff04b937233b5bc7482b4494e0f12ac576974b13782f3339544"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c7d3af51a9adc08829c4f544491fa5e488e919adb8b405335f8e7a4ee58fb640","downloaded_from":"2026-09-10T01:45:34.039Z","last_downloaded_at":"2026-09-10T01:45:34.039Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477471","source_sha256":"3eb24fb26a96fff04b937233b5bc7482b4494e0f12ac576974b13782f3339544"}},{"block":"Reinsurance Contracts","heading":"Overall Guidance","paragraphs":[{"citation":"825-944-15-4","para":"15-4","html":"<div class=\"asc-body\"><div class=\"norm-text\">The Reinsurance Contracts Subsections of this Subtopic follow the same Scope and Scope Exceptions as outlined in the <a href=\"/updates/page-2147479495/\" class=\"xref\">General Subsection</a> of this Section, with specific instrument qualifications noted below.</div></div>","snippet":"The Reinsurance Contracts Subsections of this Subtopic follow the same Scope and Scope Exceptions as outlined in the General Subsection of this Section, with specific instrument qualifications noted below.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:123b690c183c6e8954c3d6441398dfe6f8421393d763074a05d04cf15daa63ee","downloaded_from":"2026-09-10T01:45:34.039Z","last_downloaded_at":"2026-09-10T01:45:34.039Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477471","source_sha256":"3eb24fb26a96fff04b937233b5bc7482b4494e0f12ac576974b13782f3339544"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:17d071d40fe7cdd70a0e38ae0ebdf7087d85b032ba8f9bde2de7bd96d7db0144","downloaded_from":"2026-09-10T01:45:34.039Z","last_downloaded_at":"2026-09-10T01:45:34.039Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477471","source_sha256":"3eb24fb26a96fff04b937233b5bc7482b4494e0f12ac576974b13782f3339544"}},{"block":"Reinsurance Contracts","heading":"Instruments","paragraphs":[{"citation":"825-944-15-5","para":"15-5","html":"<div class=\"asc-body\"><div class=\"norm-text\">The guidance in the Reinsurance Contracts Subsections of this Subtopic applies only to <a href=\"/glossary/r/#reinsurance\" class=\"term\" title=\"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.\"><span>reinsurance</span></a> contracts. For guidance on identifying a reinsurance contract, see the <a href=\"/asc/944/20/#15-scope-and-scope-exceptions\" class=\"xref\">Reinsurance Contracts Subsection</a> of Section 944-20-15.</div></div>","snippet":"The guidance in the Reinsurance Contracts Subsections of this Subtopic applies only to reinsurance contracts. For guidance on identifying a reinsurance contract, see the Reinsurance Contracts Subsection of Section 944-20…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:43b751b4101c396f1568f94166fca54fdd00fac984ed8a4bca97e6932cf642d0","downloaded_from":"2026-09-10T01:45:34.039Z","last_downloaded_at":"2026-09-10T01:45:34.039Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477471","source_sha256":"3eb24fb26a96fff04b937233b5bc7482b4494e0f12ac576974b13782f3339544"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4d6d6b4daec6c086893071818ab66abdaa0ab6c421f76c750136cf826dec6510","downloaded_from":"2026-09-10T01:45:34.039Z","last_downloaded_at":"2026-09-10T01:45:34.039Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477471","source_sha256":"3eb24fb26a96fff04b937233b5bc7482b4494e0f12ac576974b13782f3339544"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e5c729efaab89aa4340e89f32dd2ee4e12c3516887ba229c8f216ce62453053c","downloaded_from":"2026-09-10T01:45:34.039Z","last_downloaded_at":"2026-09-10T01:45:34.039Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477471","source_sha256":"3eb24fb26a96fff04b937233b5bc7482b4494e0f12ac576974b13782f3339544"}},{"number":"25","label":"25 Recognition","anchor":"25-recognition","is_sec":false,"groups":[{"block":null,"heading":"Investment Contracts","paragraphs":[{"citation":"825-944-25-1","para":"25-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_0BCED29F-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Amounts received as payments for an <a href=\"/glossary/i/#investment-contracts\" class=\"term\" title=\"Long-duration contracts that do not subject the insurance entity to risks arising from policyholder mortality or morbidity.\"><span>investment contract</span></a> shall not be reported as revenues. </span></span></div></div>","snippet":"Amounts received as payments for an investment contract shall not be reported as revenues.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9178245612deb547ce39c92e8e9b96d55aade0e3d98a8c2b237e237ccf26651b","downloaded_from":"2026-09-10T01:45:41.655Z","last_downloaded_at":"2026-09-10T01:45:41.655Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478850","source_sha256":"f4dfce93d906eea9014c12566eab8390b948eba25f84ef4ad9400287d333345d"}},{"citation":"825-944-25-2","para":"25-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_0BCED3FD-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Payments received by the insurance entity from an investment contract shall be reported as liabilities </span></span><span class=\"sfragment\" id=\"sfr_0BCED4D5-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">and accounted for in a manner consistent with the accounting for interest-bearing or other financial instruments. </span></span></div></div>","snippet":"Payments received by the insurance entity from an investment contract shall be reported as liabilities and accounted for in a manner consistent with the accounting for interest-bearing or other financial instruments.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eb097ea01101da4ff1d9597658f6d13cc8c39f184d920d694e4c43b57e26cc87","downloaded_from":"2026-09-10T01:45:41.655Z","last_downloaded_at":"2026-09-10T01:45:41.655Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478850","source_sha256":"f4dfce93d906eea9014c12566eab8390b948eba25f84ef4ad9400287d333345d"}},{"citation":"825-944-25-3","para":"25-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/page-1833002/\" class=\"xref\">Paragraph not used</a>.</div></div>","snippet":"Paragraph not used.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0dd8022c6fc8c40cca7ee1cd9da2cb0c7d0aa71f5f31f2ace18f01217fca038e","downloaded_from":"2026-09-10T01:45:41.655Z","last_downloaded_at":"2026-09-10T01:45:41.655Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478850","source_sha256":"f4dfce93d906eea9014c12566eab8390b948eba25f84ef4ad9400287d333345d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5d7ad3adb96e91d1fdd7015affc2ebc6b514dcacb6a1090ef6ed6a0814ed60c2","downloaded_from":"2026-09-10T01:45:41.655Z","last_downloaded_at":"2026-09-10T01:45:41.655Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478850","source_sha256":"f4dfce93d906eea9014c12566eab8390b948eba25f84ef4ad9400287d333345d"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7af562731ece9805ff0845363c34af215b2e75a0d9cef9bea73030e6a775ad22","downloaded_from":"2026-09-10T01:45:41.655Z","last_downloaded_at":"2026-09-10T01:45:41.655Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478850","source_sha256":"f4dfce93d906eea9014c12566eab8390b948eba25f84ef4ad9400287d333345d"}},{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":null,"heading":"Investment Contracts","paragraphs":[{"citation":"825-944-45-1","para":"45-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_0BDD5068-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Deferred <a href=\"/glossary/a/#acquisition-costs\" class=\"term\" title=\"Costs that are related directly to the successful acquisition of new or renewal insurance contracts.\"><span>acquisition costs</span></a> related to <a href=\"/glossary/i/#investment-contracts\" class=\"term\" title=\"Long-duration contracts that do not subject the insurance entity to risks arising from policyholder mortality or morbidity.\"><span>investment contracts</span></a> shall be reported as an asset to be consistent with the guidance in Subtopic <a altsource=\"GUID-FF5ECAE8-5C8C-4E07-B8E0-96D5CBD7671B.ditamap\" class=\"ditamap\">944-30</a>. </span></span></div></div>","snippet":"Deferred acquisition costs related to investment contracts shall be reported as an asset to be consistent with the guidance in Subtopic 944-30.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:177897567eef6f50a6684b4f79bca6329cd75a48782de22336eb7cdd9dff3931","downloaded_from":"2026-09-10T01:45:44.024Z","last_downloaded_at":"2026-09-10T01:45:44.024Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478219","source_sha256":"fdde03e12f7906ff15eb46b047fb20b9f788e786985a21564e26d00afc22a28e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b06a8a69832e49def82da71c80215a3849b4592ce44f7508b51ba796c681b8f7","downloaded_from":"2026-09-10T01:45:44.024Z","last_downloaded_at":"2026-09-10T01:45:44.024Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478219","source_sha256":"fdde03e12f7906ff15eb46b047fb20b9f788e786985a21564e26d00afc22a28e"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b2315dd9c4dad1cf9e3f38c8118688ffa1ae48f32e9fec92e0c94ef06520bdba","downloaded_from":"2026-09-10T01:45:44.024Z","last_downloaded_at":"2026-09-10T01:45:44.024Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147478219","source_sha256":"fdde03e12f7906ff15eb46b047fb20b9f788e786985a21564e26d00afc22a28e"}},{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":"Securities on Deposit","paragraphs":[{"citation":"825-944-50-1A","para":"50-1A","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_0BF76D05-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">An entity shall disclose the <a href=\"/glossary/c/#carrying-amount\" class=\"term\" title=\"The amount of an item as displayed in the financial statements.\"><span>carrying amount</span></a> of securities deposited </span></span><span class=\"sfragment\" id=\"sfr_0BF76ECA-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">by insurance subsidiaries with state regulatory authorities.</span></span></div></div>","snippet":"An entity shall disclose the carrying amount of securities deposited by insurance subsidiaries with state regulatory authorities.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4d6199f72e538f9d9becfd976fa38633fb3623267b31a6374e74967ebe0546ea","downloaded_from":"2026-09-10T01:45:48.092Z","last_downloaded_at":"2026-09-10T01:45:48.092Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477351","source_sha256":"7a4630774a493aa86097443c7645eb629406260ad182396199ab4dea9e72dc12"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c9d1b09564542e5b1d7b9a3144ad38a6dac7b4aa40fb60281871b17e807711cb","downloaded_from":"2026-09-10T01:45:48.092Z","last_downloaded_at":"2026-09-10T01:45:48.092Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477351","source_sha256":"7a4630774a493aa86097443c7645eb629406260ad182396199ab4dea9e72dc12"}},{"block":"Reinsurance Contracts","heading":null,"paragraphs":[{"citation":"825-944-50-1","para":"50-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/updates/asu-2016-01/\" class=\"xref\">Paragraph superseded by Accounting Standards Update No. 2016-01</a>.</div></div>","snippet":"Paragraph superseded by Accounting Standards Update No. 2016-01.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ec1e49a0543ed8fac32731ac0f10d67fe840a23cde57ab2d3ab9f3bcde373212","downloaded_from":"2026-09-10T01:45:48.092Z","last_downloaded_at":"2026-09-10T01:45:48.092Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477351","source_sha256":"7a4630774a493aa86097443c7645eb629406260ad182396199ab4dea9e72dc12"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:19ddbe6443c1903232efad1713145f011c3cd708d89cded53db91c8157728d03","downloaded_from":"2026-09-10T01:45:48.092Z","last_downloaded_at":"2026-09-10T01:45:48.092Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477351","source_sha256":"7a4630774a493aa86097443c7645eb629406260ad182396199ab4dea9e72dc12"}},{"block":"Reinsurance Contracts","heading":"Disclosures about Concentrations of Credit Risk","paragraphs":[{"citation":"825-944-50-1B","para":"50-1B","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_0BEE2EE0-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Under the provisions of Section <a altsource=\"GUID-B4EA087A-6E21-41BE-A5F1-933602E44595.ditamap\" class=\"ditamap\">825-10-50</a>, </span></span><span class=\"sfragment\" id=\"sfr_0BEE305E-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">a <a href=\"/glossary/c/#ceding-entity\" class=\"term\" title=\"The party that pays a reinsurance premium in a reinsurance transaction. The ceding entity receives the right to reimbursement from the assuming entity under the terms of the reinsurance contract.\"><span>ceding entity</span></a> should disclose concentrations of credit risk associated with both of the following: </span></span><ol class=\"ol-norm\"><li class=\"li-norm\"><span class=\"linum\">a</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_0BEE322D-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"><a href=\"/glossary/r/#reinsurance-recoverable\" class=\"term\" title=\"All amounts recoverable from reinsurers for paid and unpaid claims and claim settlement expenses, including estimated amounts receivable for unsettled claims, claims incurred but not reported, or policy benefits.\"><span>Reinsurance recoverables</span></a> </span></span></div></li><li class=\"li-norm\"><span class=\"linum\">b</span><div class=\"p\"><span class=\"sfragment\" id=\"sfr_0BEE33A1-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\"><a href=\"/glossary/p/#prepaid-reinsurance-premiums\" class=\"term\" title=\"Amounts paid to the reinsurer relating to the unexpired portion of reinsured contracts.\"><span>Prepaid reinsurance premiums</span></a>. </span></span></div></li></ol></div></div>","snippet":"Under the provisions of Section 825-10-50, a ceding entity should disclose concentrations of credit risk associated with both of the following:\n(a) Reinsurance recoverables\n(b) Prepaid reinsurance premiums.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:abe1b681a376b63a4b0e0255814180d643655e66841335b5520095d3a75b389b","downloaded_from":"2026-09-10T01:45:48.092Z","last_downloaded_at":"2026-09-10T01:45:48.092Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477351","source_sha256":"7a4630774a493aa86097443c7645eb629406260ad182396199ab4dea9e72dc12"}},{"citation":"825-944-50-2","para":"50-2","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_0BEE34E5-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">Even if a ceding entity does not have a significant concentration of credit risk with a single <a href=\"/glossary/r/#reinsurer\" class=\"term\" title=\"The assuming entity in a reinsurance transaction.\"><span>reinsurer</span></a>, concentration of credit risk disclosures may be required under the provisions of Section <a altsource=\"GUID-B4EA087A-6E21-41BE-A5F1-933602E44595.ditamap\" class=\"ditamap\">825-10-50</a>. </span></span></div></div>","snippet":"Even if a ceding entity does not have a significant concentration of credit risk with a single reinsurer, concentration of credit risk disclosures may be required under the provisions of Section 825-10-50.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:49a029a35e98cae9e64a20055c572bc1503a1f19f7015eaf7f25f913cccc19ba","downloaded_from":"2026-09-10T01:45:48.092Z","last_downloaded_at":"2026-09-10T01:45:48.092Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477351","source_sha256":"7a4630774a493aa86097443c7645eb629406260ad182396199ab4dea9e72dc12"}},{"citation":"825-944-50-3","para":"50-3","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_0BEE3624-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">If a ceding entity is aware that reinsured risks have been retroceded to a diverse group of retrocessionaires, </span></span><span class=\"sfragment\" id=\"sfr_0BEE3755-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">disclosures about concentrations of credit risk still shall be made under Section <a altsource=\"GUID-B4EA087A-6E21-41BE-A5F1-933602E44595.ditamap\" class=\"ditamap\">825-10-50</a> because </span></span><span class=\"sfragment\" id=\"sfr_0BEE38BE-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">the assuming entity's rights under the retrocessions generally are not available to the ceding entity to mitigate its credit risk. </span></span><span class=\"sfragment\" id=\"sfr_0BEE39FF-6E94-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">That is, the ceding entity's concentration of credit risk from the assuming entity is unchanged. </span></span></div></div>","snippet":"If a ceding entity is aware that reinsured risks have been retroceded to a diverse group of retrocessionaires, disclosures about concentrations of credit risk still shall be made under Section 825-10-50 because the assum…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:65fc1abaecb23ecb5f2e308db30ee6fc30638270a10ce28d013707f757fd368b","downloaded_from":"2026-09-10T01:45:48.092Z","last_downloaded_at":"2026-09-10T01:45:48.092Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477351","source_sha256":"7a4630774a493aa86097443c7645eb629406260ad182396199ab4dea9e72dc12"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:945350543bd2c0d3ff17d1255acfb3234ec389accedc98b46949f28524cf5dba","downloaded_from":"2026-09-10T01:45:48.092Z","last_downloaded_at":"2026-09-10T01:45:48.092Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477351","source_sha256":"7a4630774a493aa86097443c7645eb629406260ad182396199ab4dea9e72dc12"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:da4a8ea509dd4780334c234539b73dba993b511ff05ce2fc99cf9425bac7c5ff","downloaded_from":"2026-09-10T01:45:48.092Z","last_downloaded_at":"2026-09-10T01:45:48.092Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477351","source_sha256":"7a4630774a493aa86097443c7645eb629406260ad182396199ab4dea9e72dc12"}},{"number":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":"Reinsurance Contracts","heading":null,"paragraphs":[{"citation":"825-944-55-1","para":"55-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><a href=\"/asc/825/944/#825-944-55-1\" class=\"xref\">Paragraphs 944-825-55-1 through 55-3 superseded by Accounting Standards Update No. 2012-04</a>.</div></div>","snippet":"Paragraphs 944-825-55-1 through 55-3 superseded by Accounting Standards Update No. 2012-04.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:36d655a8e3639f5eab7ca883e26ea8fba7668e0c4c46cff6aeb2b554242cd1f3","downloaded_from":"2026-09-10T01:45:52.114Z","last_downloaded_at":"2026-09-10T01:45:52.114Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477540","source_sha256":"0d83e6de44eb8c898328ab2bbd8cc6b2d96ad306a750c77bc7a017e99be1cb41"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1a5ce9e57d8281732c428453119c5a528baf13f53b518f10446532e37b345baa","downloaded_from":"2026-09-10T01:45:52.114Z","last_downloaded_at":"2026-09-10T01:45:52.114Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477540","source_sha256":"0d83e6de44eb8c898328ab2bbd8cc6b2d96ad306a750c77bc7a017e99be1cb41"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:73cb61c783f7dddd98f19ba65098074976e08ae130c84b49f1184b5316b5b7a6","downloaded_from":"2026-09-10T01:45:52.114Z","last_downloaded_at":"2026-09-10T01:45:52.114Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147477540","source_sha256":"0d83e6de44eb8c898328ab2bbd8cc6b2d96ad306a750c77bc7a017e99be1cb41"}}],"enrichment":{"summary":"This subtopic applies the financial instruments guidance to insurance entities, covering investment contracts and disclosures about concentrations of credit risk arising from reinsurance contracts. Amounts received under investment contracts are not revenue; they are recorded as liabilities and accounted for like interest-bearing or other financial instruments, with related deferred acquisition costs reported as an asset. Ceding entities must disclose credit risk concentrations for reinsurance recoverables and prepaid reinsurance premiums, and must disclose the carrying amount of securities deposited with state regulatory authorities.","key_points":["Amounts received as payments for an investment contract shall not be reported as revenues (825-944-25-1).","Payments received from an investment contract are reported as liabilities and accounted for consistently with interest-bearing or other financial instruments (825-944-25-2).","Deferred acquisition costs related to investment contracts are reported as an asset, consistent with Subtopic 944-30 (825-944-45-1).","An entity shall disclose the carrying amount of securities deposited by insurance subsidiaries with state regulatory authorities (825-944-50-1A).","Under Section 825-10-50, a ceding entity discloses concentrations of credit risk for both reinsurance recoverables and prepaid reinsurance premiums (825-944-50-1B).","Concentration of credit risk disclosures may be required even absent a significant concentration with a single reinsurer (825-944-50-2).","Retrocession of reinsured risks to a diverse group of retrocessionaires does not change the ceding entity's concentration of credit risk with the assuming entity, so disclosure is still required (825-944-50-3)."],"categories":["Financial instruments","Disclosure","Industry-specific","Revenue"],"audience_level":"intermediate","student_note":"The classic trap is treating investment-contract deposits as premium revenue: because these contracts lack significant insurance risk, the receipts are deposit liabilities, not revenue. Also remember that a ceding entity cannot look through to retrocessionaires to reduce its disclosed credit risk concentration with the assuming reinsurer.","related_topics":["825-10","944-20","944-30","944-10","944-40","944-605"],"key_concepts":["investment contracts","reinsurance contracts","concentrations of credit risk","reinsurance recoverables","prepaid reinsurance premiums","deferred acquisition costs","ceding entity","retrocession"],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ee7bd6c25b8cfa89a873c7ff800c0219ebaa802993e937c606cd05b8ca4cafa9","downloaded_from":"2026-09-10T01:45:26.659Z","last_downloaded_at":"2026-09-10T01:45:54.729Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"related":[{"number":"944-20","title":"Insurance Activities","topic_title":"Financial Services—Insurance","score":0.8294,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2b6d3883a6350fe2fd85b6c5378080c02ad993e4b5b85c5322353acf40bc23db","downloaded_from":"2026-09-10T02:14:58.695Z","last_downloaded_at":"2026-09-10T02:15:47.018Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"340-944","title":"Financial Services—Insurance","topic_title":"Other Assets and Deferred Costs","score":0.8226,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8acc354e7e77aa8451df973244ebad6c9247655f37865275029fb6e9bf852aa9","downloaded_from":"2026-09-09T23:57:59.765Z","last_downloaded_at":"2026-09-09T23:58:11.192Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"405-944","title":"Financial Services—Insurance","topic_title":"Liabilities","score":0.816,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ae96cb998398d951eca916353ed1cd805574679fd8350067b0dcbcb74b8f5919","downloaded_from":"2026-09-10T00:18:57.648Z","last_downloaded_at":"2026-09-10T00:19:09.841Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"815-944","title":"Financial Services—Insurance","topic_title":"Derivatives and Hedging","score":0.7929,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5541f1a83bce0c35014b6d236d82e299fb471dc44af7fed352cfc90e3f884cdd","downloaded_from":"2026-09-10T01:40:24.221Z","last_downloaded_at":"2026-09-10T01:40:44.205Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"605-944","title":"Financial Services—Insurance","topic_title":"Revenue Recognition","score":0.7544,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:16f824bed167bcd446bfd07c5e8d3739400c8fc2c3989070e6f99d3e55af19d5","downloaded_from":"2026-09-10T00:49:17.918Z","last_downloaded_at":"2026-09-10T00:49:46.481Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},{"number":"235-944","title":"Financial Services—Insurance","topic_title":"Notes to Financial Statements","score":0.737,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8d9bbf22516bc1ffc19a1c82f23ba8b08f2a95b6226ad86978a129d278fe7b2d","downloaded_from":"2026-09-09T23:16:09.715Z","last_downloaded_at":"2026-09-09T23:16:20.080Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}],"prev":{"number":"825-942","title":"Financial Services—Depository and Lending","topic_title":"Financial Instruments","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c27300dd7819d9959e5fb0a384b1033c1cad0676180c3f3a76eb80b96987e9c8","downloaded_from":"2026-09-10T01:45:12.222Z","last_downloaded_at":"2026-09-10T01:45:24.858Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"next":{"number":"825-954","title":"Health Care Entities","topic_title":"Financial Instruments","provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8519fa13ba99a5abe564c39b69dff43d5004c44d9c49ded2bbe2c28066447815","downloaded_from":"2026-09-10T01:45:58.162Z","last_downloaded_at":"2026-09-10T01:46:07.638Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a31fb058f592e2e29a0b5f347e2305db248eade916c7368f7ac352e90f1b6ae9","downloaded_from":"2026-09-10T01:45:26.659Z","last_downloaded_at":"2026-09-10T01:45:54.729Z","date_scope":"source_page_range","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps"}}