# ASC 944-10: Financial Services—Insurance — Overall Source: FASB Accounting Standards Codification, Basic View [Read online](https://asc.understandingaccounting.org/asc/944/10/) 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): 2026-09-10T02:14:24.052Z to 2026-09-10T02:14:54.583Z Record version: sha256:48fbd38252723d45deac430453a144415eafce2fc4d4565e0bbcb12a219d898b Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 944-10: Financial Services—Insurance — Overall ### Machine-generated study aids ```json { "summary": "ASC 944-10 is the Overall subtopic of the Financial Services—Insurance Topic; it serves as the roadmap and scope gate for all insurance-specific accounting guidance. It lists the Topic's Subtopics (acquisition costs, claim costs and liabilities for future policy benefits, policyholder dividends, premium deficiency, separate accounts, and the statement/disclosure subtopics) and identifies the four contract-type Subsections used throughout: short-duration, long-duration, reinsurance, and financial guarantee insurance contracts. The guidance is incremental industry-specific guidance—entities in scope must still apply all other applicable GAAP.", "key_points": [ "The Topic provides guidance on financial accounting and reporting by insurance entities and is organized into Subtopics including Insurance Activities, Acquisition Costs, Claim Costs and Liabilities for Future Policy Benefits, Policyholder Dividends, Premium Deficiency and Loss Recognition, and Separate Accounts (944-10-05-1).", "Guidance applying only to a specific type of contract is presented in four Subsections: Short-Duration Contracts, Long-Duration Contracts, Reinsurance Contracts, and Financial Guarantee Insurance Contracts (944-10-05-2).", "The Subtopics provide only incremental industry-specific guidance; entities in scope must also comply with applicable guidance outside this Topic (944-10-15-1).", "Scope covers life and health insurers (stock and mutual) and property and liability (property and casualty) insurers (stock and mutual) (944-10-15-2(a)-(b)).", "Scope also reaches title, assessment, mortgage guaranty, financial guaranty, and captive insurance entities, fraternal benefit societies, syndicates, reinsurance entities, and reciprocal or interinsurance exchanges (944-10-15-2(c)-(l)).", "Pools are within scope except public-entity risk pools, which are excluded (944-10-15-2(h)).", "Former subparagraphs 944-10-05-1(l) and (m) were superseded by ASU 2016-01, and the transition paragraph 944-10-65-1 was superseded after the ASU 2010-26 transition period ended." ], "categories": [ "Industry-specific", "Recognition", "Presentation" ], "audience_level": "introductory", "student_note": "This is the gateway subtopic: before applying any insurance accounting rule, confirm the entity is in scope and identify whether the contract is short-duration or long-duration, because that classification drives premium recognition, liability measurement, and acquisition cost accounting. A common misunderstanding is treating ASC 944 as a self-contained framework—it is only incremental guidance, so ordinary GAAP (e.g., financial instruments, income taxes) still applies.", "related_topics": [ "944-20", "944-30", "944-40", "944-60", "944-80", "944-805" ], "key_concepts": [ "insurance entity", "incremental industry-specific guidance", "short-duration contracts", "long-duration contracts", "reinsurance contracts", "financial guarantee insurance contracts", "scope of insurance accounting", "captive and reciprocal insurers" ] } ``` Source downloaded (UTC): 2026-09-10T02:14:24.052Z to 2026-09-10T02:14:24.052Z Record version: sha256:9bcd64472923cba63de91e5eceb97058a76f9970feffa92ed1586b7ff6bf72de Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 944-10-00: 00 Status [Read section](https://asc.understandingaccounting.org/asc/944/10/#00-status) SEC content: no ##### [944-10-00-1](https://asc.understandingaccounting.org/asc/944/10/#944-10-00-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:24.052Z to 2026-09-10T02:14:24.052Z Record version: sha256:b1c881c35a8115c02430fc073c271cb0f4bd3d212915003de1291c6f6bbf1394 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
944-10-05-1AmendedAccounting Standards Update No. 2016-0101/05/2016
944-10-05-2AmendedAccounting Standards Update No. 2016-1912/14/2016
944-10-65-1AddedAccounting Standards Update No. 2010-2610/13/2010
Source downloaded (UTC): 2026-09-10T02:14:27.637Z to 2026-09-10T02:14:27.637Z Record version: sha256:201876223529c911a30b0bbfe34ff0ec98d01462414a5edd9ee3faaf440041f2 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 944-10-05: 05 Overview and Background [Read section](https://asc.understandingaccounting.org/asc/944/10/#05-overview-and-background) SEC content: no ##### [944-10-05-1](https://asc.understandingaccounting.org/asc/944/10/#944-10-05-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:27.637Z to 2026-09-10T02:14:27.637Z Record version: sha256:3a7e55f37b5ecbdde19abc472f5c46694d5ae7a5b76a3b286e7fb58f5353950f Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Financial Services—Insurance Topic provides guidance on financial accounting and reporting by insurance entities. The Financial Services—Insurance Topic includes the following Subtopics: 1. a Overall 2. b Insurance Activities 3. c Acquisition Costs 4. d Claim Costs and Liabilities for Future Policy Benefits 5. e Policyholder Dividends 6. f Premium Deficiency and Loss Recognition 7. g Separate Accounts 8. h Balance Sheet 9. i Income Statement 10. j Notes to Financial Statements 11. k Receivables 12. l [Subparagraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). 13. m [Subparagraph superseded by Accounting Standards Update No. 2016-01](https://asc.understandingaccounting.org/updates/asu-2016-01/). 14. n Other Assets and Deferred Costs 15. o Property, Plant, and Equipment 16. p Liabilities 17. q Debt 18. r Equity 19. s Revenue Recognition 20. t Other Expenses 21. u Income Taxes 22. v Business Combinations 23. w Derivatives and Hedging 24. x Financial Instruments. ##### [944-10-05-2](https://asc.understandingaccounting.org/asc/944/10/#944-10-05-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:27.637Z to 2026-09-10T02:14:27.637Z Record version: sha256:03c32665d37e33d8f1662d5a3838c1c30a35ba23d39fd1a093d68b192b6c8ada Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Guidance that applies only to a specific type of contract has been presented in the following four subsections: 1. a Short-Duration Contracts 2. b Long-Duration Contracts 3. c [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 4. d Financial Guarantee Insurance Contracts. ##### [944-10-05-3](https://asc.understandingaccounting.org/asc/944/10/#944-10-05-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:27.637Z to 2026-09-10T02:14:27.637Z Record version: sha256:364c575b2837adff7ea0ae68ed434eac40b6e64f4567c042fd4e7869ddd84071 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Each Subtopic provides background on the guidance provided. Each Subtopic identifies any additional Subsections used. Source downloaded (UTC): 2026-09-10T02:14:30.947Z to 2026-09-10T02:14:30.947Z Record version: sha256:885f21ef9cc80c91acf40591e3b1f93efd6af6da5444d773c48a0dd5482cb0f5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 944-10-15: 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/944/10/#15-scope-and-scope-exceptions) SEC content: no #### Overall Guidance ##### [944-10-15-1](https://asc.understandingaccounting.org/asc/944/10/#944-10-15-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:30.947Z to 2026-09-10T02:14:30.947Z Record version: sha256:036a4c35d3391909f215e56a2a46d2f2eaaf27df2fdb07497f20a42f78f54e4d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The Subtopics within the Financial Services—Insurance Topic provide only incremental industry-specific guidance for the entities defined in this Scope Section, or as further defined in the Scope Sections of the individual Financial Services—Insurance Subtopics. Entities within the scope of this Topic shall also comply with the applicable guidance not included in this Topic. #### Entities ##### [944-10-15-2](https://asc.understandingaccounting.org/asc/944/10/#944-10-15-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:30.947Z to 2026-09-10T02:14:30.947Z Record version: sha256:41e07f356f408ffeff8f3c5192fe18b2aa13a394cd015caecbb816a73dc68787 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The guidance in the Financial Services—Insurance Topic applies to all of the following entities: 1. a Life and health insurance entities, including both: 1. 1 Stock life insurance entities 2. 2 Mutual life insurance entities. 2. b [Property and liability insurance entities](https://asc.understandingaccounting.org/glossary/p/#property-and-liability-insurance-entity "An entity that issues insurance contracts providing protection against either of the following: Damage to, or loss of, property caused by various perils, such as fire and theft Legal liability resulting from injuries to other persons or damage to their property. Property and liability insurance entities also can issue accident and health insurance contracts. The term property and liability insurance entity is the current terminology used to describe a fire and casualty insurance entity. Property and liability insurance entities may be either stock or mutual entities.") (also known as property and casualty insurance entities), which include all of the following entities: 1. 1 Stock entities 2. 2 Mutual entities. 3. 3 [Paragraph not used](https://asc.understandingaccounting.org/updates/page-1833002/). 3. c [Title insurance entities](https://asc.understandingaccounting.org/glossary/t/#title-insurance-entity "An entity that issues title insurance contracts to real estate owners, purchasers, and mortgage lenders, indemnifying them against loss or damage arising out of defects in, liens on, or challenges to their title to real estate.") 4. d [Assessment entities](https://asc.understandingaccounting.org/glossary/a/#assessment-entities "An insurance entity that sells insurance to groups with similar interests, such as church denominations or professional groups. Some assessment entities also sell insurance directly to the general public. If funds are not sufficient to pay claims, then assessments may be made against members.") 5. e Fraternal benefit societies 6. f [Mortgage guaranty insurance entities](https://asc.understandingaccounting.org/glossary/m/#mortgage-guaranty-insurance-entity "An insurance entity that issues insurance contracts that guarantee lenders, such as savings and loan associations, against nonpayment by mortgagors.") 7. g Financial guaranty insurance entities 8. h Pools other than public-entity risk pools 9. i Syndicates 10. j Captive insurance entities 11. k [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.") entities 12. l [Reciprocal exchange](https://asc.understandingaccounting.org/glossary/r/#reciprocal-exchange "A group of persons, firms, or corporations commonly referred to as subscribers that exchange insurance contracts through an attorney-in-fact.") or [interinsurance exchange](https://asc.understandingaccounting.org/glossary/i/#interinsurance-exchange "See Reciprocal Exchange."). Source downloaded (UTC): 2026-09-10T02:14:36.370Z to 2026-09-10T02:14:36.370Z Record version: sha256:31c833293bed8277931f382874d55de997adeaafe95dfee9a4a551359e9e3f87 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 944-10-65: 65 Transition and Open Effective Date Information [Read section](https://asc.understandingaccounting.org/asc/944/10/#65-transition-and-open-effective-date-information) SEC content: no ##### [944-10-65-1](https://asc.understandingaccounting.org/asc/944/10/#944-10-65-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:36.370Z to 2026-09-10T02:14:36.370Z Record version: sha256:e062cb40264f5fa80d7db3391054127da533fca6db6095809a0dfd981579d8b1 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. Paragraph superseded on 06/17/2013 after the end of the transition period stated in Accounting Standards Update No. 2010-26, _Financial Services—Insurance (Topic 944): Accounting for Costs Associated with Acquiring or Renewing Insurance Contracts_. Source downloaded (UTC): 2026-09-10T02:14:42.098Z to 2026-09-10T02:14:42.098Z Record version: sha256:a14091e1c19d49d571ba273f74697eb6afb72749351d36e703b1ffab949a3723 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 944-10-S00: SEC 00 Status [Read section](https://asc.understandingaccounting.org/asc/944/10/#sec-00-status) SEC content: yes ##### [944-10-S00-1](https://asc.understandingaccounting.org/asc/944/10/#944-10-S00-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:42.098Z to 2026-09-10T02:14:42.098Z Record version: sha256:d31ca1a90a3c78b179c9e9971bded2c415e6cefb6f93132d1c464fddcff066bb Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following table identifies the changes made to this Subtopic.
ParagraphActionAccounting Standards UpdateDate
944-10-S99-1 through S99-3
AmendedAccounting Standards Update No. 2019-0707/26/2019
944-10-S99-1AmendedAccounting Standards Update No. 2010-2108/02/2010
944-10-S99-3AmendedAccounting Standards Update No. 2010-2108/02/2010
Source downloaded (UTC): 2026-09-10T02:14:45.767Z to 2026-09-10T02:14:45.767Z Record version: sha256:3492384bfea7bf3ee5c3c51abc32be0f8e0188c3aa36956d56f360855516eaf4 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 944-10-S15: SEC 15 Scope and Scope Exceptions [Read section](https://asc.understandingaccounting.org/asc/944/10/#sec-15-scope-and-scope-exceptions) SEC content: yes #### Entities ##### [944-10-S15-1](https://asc.understandingaccounting.org/asc/944/10/#944-10-S15-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:45.767Z to 2026-09-10T02:14:45.767Z Record version: sha256:bbf4eabf216d486461775cd261ebd9a7fef1581e3c6fc8753be71bd3c6cef8ab Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [944-10-S99-1](https://asc.understandingaccounting.org/asc/944/10/#944-10-S99-1), Regulation S-X Rule 7-01, for the entities required to comply with the SEC requirements in this Subtopic. Source downloaded (UTC): 2026-09-10T02:14:49.864Z to 2026-09-10T02:14:49.864Z Record version: sha256:dda3906d624f11abf4418864b1cd2f12914baf84fc31a411e4de00788f9f663a Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 944-10-S45: SEC 45 Other Presentation Matters [Read section](https://asc.understandingaccounting.org/asc/944/10/#sec-45-other-presentation-matters) SEC content: yes ##### [944-10-S45-1](https://asc.understandingaccounting.org/asc/944/10/#944-10-S45-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:49.864Z to 2026-09-10T02:14:49.864Z Record version: sha256:8329473723c4ccc7a9aa8449e4083ea53b1588ea298052c1bfe7f0b45969302c Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [944-10-S99-2](https://asc.understandingaccounting.org/asc/944/10/#944-10-S99-2), Regulation S-X Rule 7-02, for the requirements pertaining to the presentation of financial statements for insurance entities. Source downloaded (UTC): 2026-09-10T02:14:52.843Z to 2026-09-10T02:14:52.843Z Record version: sha256:00f69cce689143c0cfd6c9bcc45534bd29ddbbad511cfa98cd86f374ae9dead5 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 944-10-S50: SEC 50 Disclosure [Read section](https://asc.understandingaccounting.org/asc/944/10/#sec-50-disclosure) SEC content: yes #### Supplemental Schedules ##### [944-10-S50-1](https://asc.understandingaccounting.org/asc/944/10/#944-10-S50-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:52.843Z to 2026-09-10T02:14:52.843Z Record version: sha256:2d1c991aadad6947b6c5df4c8932bf72e94cb821fe322a8ea84210e6e5c7262e Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. See paragraph [944-10-S99-3](https://asc.understandingaccounting.org/asc/944/10/#944-10-S99-3), Regulation S-X Rule 7-05, for the required supplemental schedules in reports of insurance entities. Source downloaded (UTC): 2026-09-10T02:14:54.583Z to 2026-09-10T02:14:54.583Z Record version: sha256:6b5afe9d99918ccea1737ce74adceefabd3000b1aac4298cbda208c0a83d7071 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. ## ASC 944-10-S99: SEC 99 SEC Materials [Read section](https://asc.understandingaccounting.org/asc/944/10/#sec-99-sec-materials) SEC content: yes #### SEC Rules, Regulations, and Interpretations ##### [944-10-S99-1](https://asc.understandingaccounting.org/asc/944/10/#944-10-S99-1) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:54.583Z to 2026-09-10T02:14:54.583Z Record version: sha256:b9a491419e8ed7cd33aba1c2ba95c168a5be2b8af7cb2e0014ffff65c155645d Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of Regulation S-X Rule 7-01, Application of §§210.7-01 to 210.7-05 (17 CFR 210.7-01). - This article shall be applicable to financial statements filed for insurance companies. ##### [944-10-S99-2](https://asc.understandingaccounting.org/asc/944/10/#944-10-S99-2) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:54.583Z to 2026-09-10T02:14:54.583Z Record version: sha256:3fc14b9c34cd3e6f79d966b24979def47e991f62c5e81270096eefac6da36d41 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of Regulation S-X Rule 7-02, General Requirement (17 CFR 210.7-02). - (a) The requirements of the general rules in §§ 210.1-01 to 210.4-10 (Articles 1, 2, 3, 3A and 4) shall be applicable except where they differ from requirements of §§ 210.7-01 to 210.7-05. - (b) Financial statements filed for mutual life insurance companies and wholly owned stock insurance company subsidiaries of mutual life insurance companies may be prepared in accordance with statutory accounting requirements. Financial statements prepared in accordance with statutory accounting requirements may be condensed as appropriate, but the amounts to be reported for net gain from operations (or net income or loss) and total capital and surplus (or surplus as regards policyholders) shall be the same as those reported on the corresponding Annual Statement. ##### [944-10-S99-3](https://asc.understandingaccounting.org/asc/944/10/#944-10-S99-3) Pending content: no Source downloaded (UTC): 2026-09-10T02:14:54.583Z to 2026-09-10T02:14:54.583Z Record version: sha256:c8878992c2572ccf1f73ad3a65aac8d1c67c809ad1a0551be16b89e3f9c4ce69 Snapshot version: sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f Effective as of: not established by retrieval timestamps. The following is the text of Regulation S-X Rule 7-05, What Schedules Are to Be Filed (17 CFR 210.7-05). - (a) Except as expressly provided otherwise in the applicable form: - (1) The schedule specified below in this section as Schedules I shall be as of the date of the most recent audited balance sheet for each person or group. - (2) The schedules specified in this section as Schedule IV and V shall be filed for each period for which an audited statement of comprehensive income is required to be filed for each person or group. - (3) Schedules II, III and V shall be filed as of the date and for periods specified in the schedule. - (b) When information is required in schedules for both the registrant and the registrant and its subsidiaries consolidated it may be presented in the form of a single schedule: _Provided_, That items pertaining to the registrant are shown separately and that such single schedule affords a properly summarized presentation of the facts. If the information required by any schedule (including the notes thereto) may be shown in the related financial statement or in a note thereto without making such statement unclear or confusing, that procedure may be followed and the schedule omitted. - (c) The schedules shall be examined by the independent accountant. - Schedule I—Summary of investments—other than investments in related parties. The schedule prescribed by § 210.12-15 shall be filed in support of caption 1 of the most recent audited balance sheet. - Schedule II—Condensed financial information of registrant. The schedule prescribed by § 210.12-04 shall be filed when the restricted net assets (§ 210.102(dd)) of consolidated subsidiaries exceed 25 percent of consolidated net assets as of the end of the most recently completed fiscal year. - Schedule III—Supplementary insurance information. The schedule prescribed by § 210.12-16 shall be filed giving segment detail in support of various balance sheet and statement of comprehensive income captions. The required balance sheet information shall be presented as of the date of each audited balance sheet filed, and the statement of comprehensive income information shall be presented for each period for which an audited statement of comprehensive income is required to be filed, for each person or group. - Schedule IV—Reinsurance. The schedule prescribed by § 210.12-17 shall be filed for reinsurance ceded and assumed. - Schedule V—Valuation and qualifying accounts. The schedule prescribed by § 210.12-09 shall be filed in support of valuation and qualifying accounts included in the balance sheet (see § 210.4-02). - Schedule VI—Supplemental Information Concerning Property-Casualty Insurance Operations. The information required by § 210.12-18 shall be presented as of the same dates and for the same periods for which the information is reflected in the audited consolidated financial statements required by §§ 210.3-01 and 3-02. The schedule may be omitted if reserves for unpaid property-casualty claims and claim adjustment expenses of the registrant and its consolidated subsidiaries, its unconsolidated subsidiaries and its 50%-or-less-owned equity basis investees did not in the aggregate, exceed one-half of common stockholders' equity of the registrant and its consolidated subsidiaries as of the beginning of the fiscal year. For purposes of this test, only the proportionate share of the registrant and its other subsidiaries in the reserves for unpaid claims and claim adjustment expenses of 50%-or-less-owned equity investees taken in the aggregate after intercompany eliminations shall be taken into account. Article 12—Form and Content of Schedules (17 CFR 210). - \[46 FR 54335, Nov. 2, 1981, as amended at 47 FR 29837, July 9, 1982; 49 FR 47598, Dec. 6, 1984; 59 FR 65637, Dec. 20, 1994; 74 FR 18615, Apr. 23, 2009; 83 FR 50203, Oct. 4, 2018\]