{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/944/40/#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":"944-40","subtopic_title":"Claim Costs and Liabilities for Future Policy Benefits","section":{"number":"50","label":"50 Disclosure","anchor":"50-disclosure","is_sec":false,"groups":[{"block":null,"heading":null,"paragraphs":[{"citation":"944-40-50-1","para":"50-1","html":"
An insurance entity shall disclose in its financial statements the basis for estimating the liabilities for unpaid claims and claim adjustment expenses.
","snippet":"An insurance entity shall disclose in its financial statements the basis for estimating the liabilities for unpaid claims and claim adjustment expenses.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9fe18c02dadcef090b286c6b74ece425469694ed8a326437b610df90c20e41a3","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}},{"citation":"944-40-50-2","para":"50-2","html":"
Paragraph superseded by Accounting Standards Update No. 2015-09.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2015-09.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:378a016f625ac4bb9003db50092b7ac9207ccd00b70f79ab0967ae49e298fd50","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}},{"citation":"944-40-50-3","para":"50-3","html":"
For annual and interim reporting periods, all of the following information about the liability for unpaid claims and claim adjustment expenses shall be presented in a tabular rollforward:
  1. a
    The balance in the liability for unpaid claims and claim adjustment expenses at the beginning of each fiscal year presented in the statement of income, and the related amount of reinsurance recoverable on unpaid claims
  2. b
    Year-to-date incurred claims and claim adjustment expenses with separate disclosure of the provision for insured events of the current fiscal year and of increases or decreases in the provision for insured events of prior fiscal years
  3. c
    Year-to-date payments of claims and claim adjustment expenses with separate disclosure of payments of claims and claim adjustment expenses attributable to insured events of the current fiscal year and to insured events of prior fiscal years
  4. cc
    The ending balance in the liability for unpaid claims and claim adjustment expenses and the related amount of reinsurance recoverable.
  5. d
    Subparagraph superseded by Accounting Standards Update No. 2015-09.
In addition, an insurance entity shall disclose the reasons for the change in incurred claims and claim adjustment expenses recognized in the income statement attributable to insured events of prior fiscal years and indicate whether additional premiums or return premiums have been accrued as a result of the prior-year effects.
","snippet":"For annual and interim reporting periods, all of the following information about the liability for unpaid claims and claim adjustment expenses shall be presented in a tabular rollforward:\n(a) The balance in the liability…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:763fa9c1baa71390db875756a6b13daa316465efa9b078dc2c8072ac68485583","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}},{"citation":"944-40-50-4","para":"50-4","html":"
For annual reporting periods, an insurance entity shall disclose management's policies and methodologies for estimating the liability for unpaid claims and claim adjustment expenses for difficult-to-estimate liabilities, such as any of the following:
  1. a
    Claims for toxic waste cleanup
  2. b
    Asbestos-related illnesses
  3. c
    Other environmental remediation exposures.
","snippet":"For annual reporting periods, an insurance entity shall disclose management's policies and methodologies for estimating the liability for unpaid claims and claim adjustment expenses for difficult-to-estimate liabilities,…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:339be07be793977e8262fa67ead7704b9607a0e5078b096216bea9897efff05f","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1aeaef55a6c29453d2924901c6ae713d0e34e48e231e069c054a62b9e5e2986e","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}},{"block":"Short-Duration Contracts","heading":"Information about the Liability for Unpaid Claims and Claim Adjustment Expenses","paragraphs":[{"citation":"944-40-50-4A","para":"50-4A","html":"
For health insurance claims, an insurance entity shall aggregate or disaggregate the information in paragraph 944-40-50-3 so that useful information is not obscured by either the inclusion of a large amount of insignificant detail or the aggregation of items that have significantly different characteristics (see paragraphs
944-40-55-9A through 55-9C
).
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1For health insurance claims, an insurance entity shall aggregate or disaggregate the information disclosed in interim and annual reporting periods in accordance with paragraph 944-40-50-3 so that useful information is not obscured by either the inclusion of a large amount of insignificant detail or the aggregation of items that have significantly different characteristics (see paragraphs
944-40-55-9A through 55-9C
).
","snippet":"For health insurance claims, an insurance entity shall aggregate or disaggregate the information in paragraph 944-40-50-3 so that useful information is not obscured by either the inclusion of a large amount of insignific…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9d05b739354ee49dce45b761d0afb8a1ce905f56c3f0e8c66876e3c3d46545dc","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}},{"citation":"944-40-50-4B","para":"50-4B","html":"
For annual reporting periods, an insurance entity shall disclose in a tabular format, as of the date of the latest statement of financial position presented, undiscounted information about claims development by accident year, including separate information about both of the following on a net basis after risk mitigation through reinsurance:
  1. a
    Incurred claims and allocated claim adjustment expenses
  2. b
    Paid claims and allocated claim adjustment expenses.
The disclosure about claims development by accident year should present information for the number of years for which claims incurred typically remain outstanding, but need not exceed 10 years including the most recent reporting period presented. All periods presented in the disclosure about claims development that precede the most recent reporting period shall be considered supplementary information. For the most recent reporting period presented, the disclosure about claims development shall include the total net outstanding claims for accident years not separately presented as part of the claims development (see paragraph 944-40-55-9E).
","snippet":"For annual reporting periods, an insurance entity shall disclose in a tabular format, as of the date of the latest statement of financial position presented, undiscounted information about claims development by accident …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b61711eec0cbbb2515cee13b3bbab8547e3f1d640c02338e76b5a8ef2bdd2b56","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}},{"citation":"944-40-50-4C","para":"50-4C","html":"
For annual reporting periods, an insurance entity shall reconcile the disclosure about incurred and paid claims development information to the aggregate carrying amount of the liability for unpaid claims and claim adjustment expenses for the most recent reporting period presented, with separate disclosure of reinsurance recoverable on unpaid claims (see paragraph 944-40-55-9E).
","snippet":"For annual reporting periods, an insurance entity shall reconcile the disclosure about incurred and paid claims development information to the aggregate carrying amount of the liability for unpaid claims and claim adjust…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:472d8d8ba28777c27456d6e84473e2a5add5acb99f854e63a8311160af8b57f5","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}},{"citation":"944-40-50-4D","para":"50-4D","html":"
For annual reporting periods, an insurance entity shall quantitatively disclose the following for each accident year presented in the disclosures about incurred claims development (see paragraph 944-40-55-9E) for the most recent reporting period presented:
  1. a
    The total of incurred-but-not-reported liabilities plus expected development on reported claims included in the liability for unpaid claims and claim adjustment expenses
  2. b
    Cumulative claim frequency information, unless it is impracticable to do so. If it is impracticable to disclose claim frequency information, where the term impracticable has the same meaning as impracticability in paragraph 250-10-45-9, an insurance entity shall disclose that fact and explain why the disclosure is impracticable.
","snippet":"For annual reporting periods, an insurance entity shall quantitatively disclose the following for each accident year presented in the disclosures about incurred claims development (see paragraph 944-40-55-9E) for the mos…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ab253fd1a42d68e5ed4b9412f17aa8e758f313e97b057f8d025ea2a79770e2c1","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}},{"citation":"944-40-50-4E","para":"50-4E","html":"
For interim and annual reporting periods, for health insurance claims, an insurance entity shall disclose the total of incurred-but-not-reported liabilities plus expected development on reported claims included in the liability for unpaid claims and claim adjustment expenses.
","snippet":"For interim and annual reporting periods, for health insurance claims, an insurance entity shall disclose the total of incurred-but-not-reported liabilities plus expected development on reported claims included in the li…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f78bfa4c1b9954f98335344b11087e8e25fe7254d80fbd9962e388bd0a0329ca","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}},{"citation":"944-40-50-4F","para":"50-4F","html":"
An insurance entity shall describe both of the following:
  1. a
    Its methodologies for:
    1. 1
      Determining the presented amounts of both incurred-but-not-reported liabilities and expected development on reported claims required by paragraphs
      944-40-50-4D through 50-4E
    2. 2
      Calculating cumulative claim frequency information required by paragraph 944-40-50-4D
  2. b
    Significant changes to those methodologies. When describing (2) above the insurance entity also shall include whether frequency is measured by claim event or individual claimant and how the insurance entity considers claims that do not result in a liability (see paragraph 944-40-55-9D).
","snippet":"An insurance entity shall describe both of the following:\n(a) Its methodologies for:\n(1) Determining the presented amounts of both incurred-but-not-reported liabilities and expected development on reported claims require…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d3153e50d39b0e42419d1212c8fe00fd2ec20bbba999a2ebf91e62ec10380867","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}},{"citation":"944-40-50-4G","para":"50-4G","html":"
For annual reporting periods, for all claims except health insurance claims, an insurance entity shall disclose as supplementary information the historical average annual percentage payout of incurred claims by age, net of reinsurance (that is, history of claims duration by age), as of the most recent reporting period. This information shall be disclosed for the same number of accident years presented in the disclosures required by paragraph 944-40-50-4B (see paragraphs
944-40-55-9F through 55-9G
).
","snippet":"For annual reporting periods, for all claims except health insurance claims, an insurance entity shall disclose as supplementary information the historical average annual percentage payout of incurred claims by age, net …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2b7b0ea19a19a80773cefeeaf4259a8991cfa16e4d043ba9526641538ac518b7","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}},{"citation":"944-40-50-4H","para":"50-4H","html":"
An insurance entity shall disclose the information required by paragraphs
944-40-50-4B through 50-4G
and 944-40-50-5 in a manner that allows users to understand the amount, timing, and uncertainty of cash flows arising from the liabilities. An insurance entity shall aggregate or disaggregate the disclosures in paragraphs
944-40-50-4B through 50-4G
and 944-40-50-5 so that useful information is not obscured by either the inclusion of a large amount of insignificant detail or the aggregation of items that have significantly different characteristics (see paragraphs
944-40-55-9A through 55-9C
). An insurance entity need not provide disclosures about claims development for insignificant categories; however, balances for insignificant categories shall be included in the reconciliation required by paragraph 944-40-50-4C.
","snippet":"An insurance entity shall disclose the information required by paragraphs 944-40-50-4B through 50-4G and 944-40-50-5 in a manner that allows users to understand the amount, timing, and uncertainty of cash flows arising f…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2b93c3875efeee73a958c282fbd41f3f895f484d3039559d8142f5d16291d272","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}},{"citation":"944-40-50-4I","para":"50-4I","html":"
For annual reporting periods, an insurance entity shall disclose information about significant changes in methodologies and assumptions used in calculating the liability for unpaid claims and claim adjustment expenses, including reasons for the change and the effects on the financial statements for the most recent reporting period presented.
","snippet":"For annual reporting periods, an insurance entity shall disclose information about significant changes in methodologies and assumptions used in calculating the liability for unpaid claims and claim adjustment expenses, i…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f2565ffdae46e319e7cde13f84497a97eb3b703b087fe65c4d433a67ec5a55a8","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}},{"citation":"944-40-50-5","para":"50-5","html":"
For liabilities for unpaid claims and claim adjustment expenses that are presented at present value in the financial statements, an insurance entity shall disclose all of the following in its annual financial statements:
  1. a
    For each period presented in the statement of financial position, the carrying amount of liabilities for unpaid claims and claim adjustment expenses relating to short-duration contracts that are presented at present value
  2. b
    The range of interest rates used to discount the liabilities disclosed in (a).
  3. c
    The aggregate amount of discount related to the time value of money deducted to derive the liabilities disclosed in (a)
  4. d
    For each period presented in the statement of income, the amount of interest accretion recognized
  5. e
    The line item(s) in the statement of income in which the interest accretion is classified.
","snippet":"For liabilities for unpaid claims and claim adjustment expenses that are presented at present value in the financial statements, an insurance entity shall disclose all of the following in its annual financial statements:…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e73ae92b05a129bda2e58647dad5cabfc52c7a42c450b87e0b9f96594d00a1f7","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:40fbf1ce89e383afc3c0ecc9e3bc206068cd29caae52c10d7f4d2036496dd034","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}},{"block":"Long-Duration Contracts","heading":null,"paragraphs":[{"citation":"944-40-50-5A","para":"50-5A","html":"
An insurance entity shall disclose the information required by paragraphs 944-40-50-6 through 50-7C in a manner that allows users to understand the amount, timing, and uncertainty of future cash flows arising from the liabilities. An insurance entity shall aggregate or disaggregate the disclosures in paragraphs 944-40-50-6 through 50-7C so that useful information is not obscured by the inclusion of a large amount of insignificant detail or by the aggregation of items that have significantly different characteristics (see paragraphs
944-40-55-13F through 55-13H
). An insurance entity need not provide disclosures about liabilities for insignificant categories; however, balances for insignificant categories shall be included in the reconciliations.
","snippet":"An insurance entity shall disclose the information required by paragraphs 944-40-50-6 through 50-7C in a manner that allows users to understand the amount, timing, and uncertainty of future cash flows arising from the li…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:106be1319ab7b0782374a408a76ea0d808699defe9708204b9f9b53b51c65d10","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5bfbe09ab7cf09cc74d730fa6ee2e6585a5d2ed59aca787d9ce95a75f7fac35e","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}},{"block":"Long-Duration Contracts","heading":"Liability for Future Policy Benefits and Additional Liability for Annuitization, Death, or Other Insurance Benefits","paragraphs":[{"citation":"944-40-50-6","para":"50-6","html":"
For annual and interim reporting periods, an insurance entity shall disclose the following information about the liability for future policy benefits for traditional and limited-payment contracts described in paragraph 944-40-25-11 and the additional liability for annuitization, death, or other insurance benefits described in paragraphs 944-40-25-26 through 25-27A, as applicable to each of those liabilities:
  1. a
    A year-to-date disaggregated tabular rollforward of the beginning balance to the ending balance (see paragraph 944-40-55-13I). Amounts shall be presented gross of any related reinsurance recoverable. For the liability for future policy benefits for traditional and limited-payment contracts, the insurance entity shall present expected future net premiums separate from expected future benefits.
  2. b
    For each disaggregated rollforward presented, either as a component of the rollforward or as accompanying information:
    1. 1
      For traditional and limited-payment contracts, the undiscounted and discounted ending balance of expected future gross premiums and expected future benefits and expenses
    2. 2
      Actual experience during the period for mortality, morbidity, and lapses, compared with what was expected for the period
    3. 3
      The amount of revenue and interest recognized in the statement of operations
    4. 4
      The amount of any related reinsurance recoverable
    5. 5
      The weighted-average duration of the liability
    6. 6
      The weighted-average interest rate, a description of the technique(s) used to determine the interest rate assumption, and information about any adjustments to observable market information.
  3. c
    A reconciliation of the disaggregated rollforwards to the aggregate ending carrying amount of the liability for future policy benefits and the additional liability in the statement of financial position and the total revenue and interest recognized in the statement of operations.
  4. d
    For traditional and limited-payment contracts, qualitative and quantitative information about adverse development that resulted in an immediate charge to current-period net income because of net premiums exceeding gross premiums.
","snippet":"For annual and interim reporting periods, an insurance entity shall disclose the following information about the liability for future policy benefits for traditional and limited-payment contracts described in paragraph 9…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d9bf97ece5e7fe94cc171946feba18db25ede593b80950c99c77226315c7f92e","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}},{"citation":"944-40-50-7","para":"50-7","html":"
For annual reporting periods, and to the extent required by Topic 270 on interim reporting, an insurance entity shall disclose information about:
  1. a
    The significant inputs, judgments, assumptions, and methods used in measuring the liability for future policy benefits and the additional liability
  2. b
    Changes in those significant inputs, judgments, and assumptions during the period, and the effect of those changes on the measurement of the liability.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1For interim and annual reporting periods, an insurance entity shall disclose information about:
  1. a
    The significant inputs, judgments, assumptions, and methods used in measuring the liability for future policy benefits and the additional liability
  2. b
    Changes in those significant inputs, judgments, and assumptions during the period, and the effect of those changes on the measurement of the liability.
","snippet":"For annual reporting periods, and to the extent required by Topic 270 on interim reporting, an insurance entity shall disclose information about:\n(a) The significant inputs, judgments, assumptions, and methods used in me…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dce7db436a685c9187b09dd68d9fb0a9f0d8693121aea6ccec9d07886847801e","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d2d4d112c8eed345f69605ec00bb034fc6d246cd9f55f489f7b61a876edb08a0","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}},{"block":"Long-Duration Contracts","heading":"Liability for Policyholders' Account Balances","paragraphs":[{"citation":"944-40-50-7A","para":"50-7A","html":"
For annual and interim reporting periods, an insurance entity shall disclose the following information about the liability for policyholders' account balances described in paragraph 944-40-25-14 (excluding separate accounts described in paragraph 944-80-25-2):
  1. a
    A year-to-date disaggregated tabular rollforward of the beginning balance to the ending balance (see paragraph 944-40-55-13J).
  2. b
    For each disaggregated rollforward:
    1. 1
      The weighted-average crediting rate
    2. 2
      The guaranteed benefit amounts in excess of the current account balances
    3. 3
      Cash surrender value.
  3. c
    A reconciliation of the disaggregated rollforwards to the aggregate ending carrying amount of the liability for policyholders' account balances in the statement of financial position.
  4. d
    A tabular presentation of policyholders' account balances by range of guaranteed minimum crediting rates and the related range of the difference between rates being credited to policyholders and the respective guaranteed minimums.
","snippet":"For annual and interim reporting periods, an insurance entity shall disclose the following information about the liability for policyholders' account balances described in paragraph 944-40-25-14 (excluding separate accou…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:45f074a52e045c1988e825375bebab7619d14de4c8c77ff73ca98f78143205a3","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e9f5eec03ca721f3a67df123cb3c5723409279f9520603c6442e081e1a20e83a","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}},{"block":"Long-Duration Contracts","heading":"Market Risk Benefits","paragraphs":[{"citation":"944-40-50-7B","para":"50-7B","html":"
For annual and interim reporting periods, an insurance entity shall disclose the following information about market risk benefits:
  1. a
    A year-to-date disaggregated tabular rollforward of the beginning balance to the ending balance (see paragraph 944-40-55-13K)
  2. b
    For each disaggregated rollforward, the guaranteed benefit amounts in excess of the current account balances (for example, the net amount at risk) and weighted-average attained age of contract holders
  3. c
    A reconciliation of the disaggregated rollforwards to the aggregate ending carrying amount in the statement of financial position, disaggregated between market risk benefits that are in an asset position and those that are in a liability position.
","snippet":"For annual and interim reporting periods, an insurance entity shall disclose the following information about market risk benefits:\n(a) A year-to-date disaggregated tabular rollforward of the beginning balance to the endi…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:470fc7f04e1012b296eac74239a27583b7b6ecf922a6a466a6c6ed7aa726bd7b","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}},{"citation":"944-40-50-7C","para":"50-7C","html":"
For annual reporting periods, and to the extent required by Topic 270 on interim reporting, an insurance entity shall disclose information about:
  1. a
    The significant inputs, judgments, assumptions, and methods used in measurement
  2. b
    Changes in those significant inputs, judgments, and assumptions during the period and the effect of those changes on the measurement of market risk benefits.
Transition date:(P) December 16, 2027; (N) December 16, 2028Transition guidance:
270-10-65-1For interim and annual reporting periods, an insurance entity shall disclose information about:
  1. a
    The significant inputs, judgments, assumptions, and methods used in measurement
  2. b
    Changes in those significant inputs, judgments, and assumptions during the period and the effect of those changes on the measurement of market risk benefits.
","snippet":"For annual reporting periods, and to the extent required by Topic 270 on interim reporting, an insurance entity shall disclose information about:\n(a) The significant inputs, judgments, assumptions, and methods used in me…","pending":true,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1d79c3285f960aac1b4dbc0e7b3c04effe2e18df3d0c49fa8c073bb87b9c93bc","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:78414410d81ba1034bb83dfa99f833bc127435c4b82f19723cee2990a2c3058b","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}},{"block":"Long-Duration Contracts","heading":"Participating Contracts","paragraphs":[{"citation":"944-40-50-8","para":"50-8","html":"
An insurance entity shall disclose in the financial statements, with respect to long-duration participating life-insurance contracts that meet the criteria in paragraph 944-20-15-3, the methods and assumptions used in estimating the liability for future policy benefits.
","snippet":"An insurance entity shall disclose in the financial statements, with respect to long-duration participating life-insurance contracts that meet the criteria in paragraph 944-20-15-3, the methods and assumptions used in es…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6982ef15da8bc1df97bbb54f8c44879655dfa8afd3776f16f2673bb977bab3d7","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b37749298ac427fd1e41cf8e8795fe176663e0c2a0bd6d4701b954d79059f447","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}},{"block":"Financial Guarantee Insurance Contracts","heading":null,"paragraphs":[{"citation":"944-40-50-9","para":"50-9","html":"
To meet the disclosure objective in paragraph 944-20-50-7, an insurance entity shall disclose all of the following information for each annual period (and in an interim period if a significant change has occurred in that interim period) unless otherwise indicated below:
  1. a
    For the claim liability:
    1. 1
      The weighted-average risk-free rate used to discount the claim liability.
    2. 2
      The significant component(s) of the change in the claim liability for the period, including all of the following:
      1. i
        Changes in the discount rate
      2. ii
        The accretion of the discount on the claim liability
      3. iii
        Changes in the timing
      4. iv
        Changes in the likelihood of default.
    3. 3
      The amount relating to the component(s) in item (2).
    4. 4
      The line item in the statement of income where the amount or amounts in item (2) are reported (unless separately disclosed).
    5. 5
      For each interim period, a schedule of insured financial obligations at the end of each interim period detailing, at a minimum, all of the following for each category or grouping of these financial obligations:
      1. i
        Number of issued and outstanding financial guarantee insurance contracts
      2. ii
        Remaining weighted-average contract period
      3. iii
        Insured contractual payments outstanding, segregating principal and interest
      4. iv
        Gross claim liability
      5. v
        Gross potential recoveries
      6. vi
        Discount, net (both claim liability and potential recoveries)
      7. vii
        Net claim liability
      8. viii
        Reinsurance recoverables
      9. ix
        Unearned premium revenue.
  2. b
    A description of the insurance entity's risk-management activities used to track and monitor deteriorating insured financial obligations, including all of the following:
    1. 1
      A description of each grouping or category used to track and monitor deteriorating insured financial obligations
    2. 2
      The insurance entity's policies for placing an insured financial obligation in, and monitoring, each grouping or category
    3. 3
      The insurance entity's policies for avoiding or mitigating claim liabilities
    4. 4
      The related expense and liability reported during the period for risk mitigation activities (not including reinsurance)
    5. 5
      A description of where the risk mitigation activities expense and liability are reported in the statement of income and the statement of financial position, respectively.
Example 2 (see paragraph 944-40-55-32) illustrates the application of the requirement in items (a)(5) and (b)(1) through (5).
","snippet":"To meet the disclosure objective in paragraph 944-20-50-7, an insurance entity shall disclose all of the following information for each annual period (and in an interim period if a significant change has occurred in that…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fde7bc74c942e0567cf52ce3da0ac138489df8cb66e4248b11c60ba64a7c9eee","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:de4b5768db8bff575a711603c559e2b347cb28ea0735960bbbb409d0e914035d","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:75b3f9614af71749ad4fac1ab019b92f01d3ca7d03a42f45c9eba7c9dca497cd","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:75b3f9614af71749ad4fac1ab019b92f01d3ca7d03a42f45c9eba7c9dca497cd","downloaded_from":"2026-09-10T02:16:48.542Z","last_downloaded_at":"2026-09-10T02:16:48.542Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480081","source_sha256":"8c708debf09164ffed624bc299abe3fc6a08505ab3699d3e6616979ed23a5e68"}}