{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/944/20/#45-other-presentation-matters","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":"944","topic_title":"Financial Services—Insurance","subtopic":"944-20","subtopic_title":"Insurance Activities","section":{"number":"45","label":"45 Other Presentation Matters","anchor":"45-other-presentation-matters","is_sec":false,"groups":[{"block":"Long-Duration Contracts","heading":"Statement of Earnings—Universal Life-Type Contracts","paragraphs":[{"citation":"944-20-45-1","para":"45-1","html":"
Payments to policyholders that represent a return of policyholder balances are not expenses of the insurance entity and shall not be reported as such in the statement of earnings.
","snippet":"Payments to policyholders that represent a return of policyholder balances are not expenses of the insurance entity and shall not be reported as such in the statement of earnings.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7706a8ef3496cb733f0d230f3ef9d4976e5174b93eac9368dbf916b9e71cfed7","downloaded_from":"2026-09-10T02:15:22.645Z","last_downloaded_at":"2026-09-10T02:15:22.645Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479868","source_sha256":"2236a68cbe7c9e72729910b7db46439d19e6695806b9c0204b8964c17eb4578c"}},{"citation":"944-20-45-2","para":"45-2","html":"
Amounts reported as expenses shall include all of the following:
  1. a
    Benefit claims in excess of the related policyholder balances
  2. b
    Expenses of contract administration
  3. c
    Interest accrued to policyholders
  4. d
    Amortization of capitalized acquisition costs (see Subtopic 944-30).
","snippet":"Amounts reported as expenses shall include all of the following:\n(a) Benefit claims in excess of the related policyholder balances\n(b) Expenses of contract administration\n(c) Interest accrued to policyholders\n(d) Amortiz…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:7d881c0617645f57937bd94291121030ed6aa79107909e42b20fc7c9d93d409d","downloaded_from":"2026-09-10T02:15:22.645Z","last_downloaded_at":"2026-09-10T02:15:22.645Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479868","source_sha256":"2236a68cbe7c9e72729910b7db46439d19e6695806b9c0204b8964c17eb4578c"}},{"citation":"944-20-45-3","para":"45-3","html":"
Various other paragraphs in this Topic address presentation-related matters associated with universal life-type contracts as follows:
  1. a
    Premiums collected—see paragraph 944-605-25-5
  2. b
    Amounts assessed for compensation—see paragraph 944-605-25-6
  3. c
    Amounts assessed against policyholders for initiation or front end fees—see paragraph 944-605-25-5
  4. d
    Unearned revenue—see paragraph 944-605-35-2
  5. e
    Amounts that may be assessed against policyholders in future periods—see paragraph 944-40-30-17
  6. f
    Cash values—see paragraph 944-40-30-18.
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