{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/944/20/#sec-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":"944","topic_title":"Financial Services—Insurance","subtopic":"944-20","subtopic_title":"Insurance Activities","section":{"number":"S50","label":"SEC 50 Disclosure","anchor":"sec-50-disclosure","is_sec":true,"groups":[{"block":null,"heading":"Present Value of Future Profits","paragraphs":[{"citation":"944-20-S50-1","para":"S50-1","html":"<div class=\"asc-body\"><div class=\"norm-text\"><span class=\"sfragment\" id=\"sfr_FAFD219B-6E93-1014-A13F-6E4B94C84136\"><span class=\"sfragment-source\">See paragraph <a href=\"/asc/944/20/#944-20-S99-2\" class=\"xref\">944-20-S99-2</a>, SEC Observer Comment: Accounting for the Present Value of Future Profits Resulting from the Acquisition of a Life Insurance Company, for SEC Staff views on disclosures regarding present value of future profit assets. </span></span></div></div>","snippet":"See paragraph 944-20-S99-2, SEC Observer Comment: Accounting for the Present Value of Future Profits Resulting from the Acquisition of a Life Insurance Company, for SEC Staff views on disclosures regarding present value …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ba9f0cbdb7c53e8b128674cc0f7de4341a2a854269e39b601c17ad12e52d37ad","downloaded_from":"2026-09-10T02:15:43.227Z","last_downloaded_at":"2026-09-10T02:15:43.227Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479797","source_sha256":"058318ff4ebc1f3da8deaf5fb91c70407065e01bc4e0d7c6a93e87d9e8c7abf9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5ab7376a685c7b95963ebdc65d54c47a93b02105552a78acc526094ac0c0d6f2","downloaded_from":"2026-09-10T02:15:43.227Z","last_downloaded_at":"2026-09-10T02:15:43.227Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479797","source_sha256":"058318ff4ebc1f3da8deaf5fb91c70407065e01bc4e0d7c6a93e87d9e8c7abf9"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f7293834c5b51e9a23f09cfdf1ce1f1868f3ebdbc6e2a9d867f0956872e3845f","downloaded_from":"2026-09-10T02:15:43.227Z","last_downloaded_at":"2026-09-10T02:15:43.227Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479797","source_sha256":"058318ff4ebc1f3da8deaf5fb91c70407065e01bc4e0d7c6a93e87d9e8c7abf9"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f7293834c5b51e9a23f09cfdf1ce1f1868f3ebdbc6e2a9d867f0956872e3845f","downloaded_from":"2026-09-10T02:15:43.227Z","last_downloaded_at":"2026-09-10T02:15:43.227Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147479797","source_sha256":"058318ff4ebc1f3da8deaf5fb91c70407065e01bc4e0d7c6a93e87d9e8c7abf9"}}