{"schema_version":2,"canonical_url":"https://asc.understandingaccounting.org/asc/944/40/#55-implementation-guidance-and-illustrations","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":"55","label":"55 Implementation Guidance and Illustrations","anchor":"55-implementation-guidance-and-illustrations","is_sec":false,"groups":[{"block":null,"heading":"Implementation Guidance","paragraphs":[{"citation":"944-40-55-1","para":"55-1","html":"
This implementation guidance addresses paragraph 944-40-25-6, which states that the conditions in paragraph 450-20-25-2 shall be considered with respect to the risk of loss assumed by an insurance entity for catastrophes that may occur during the terms of policies in force to determine whether accrual of a loss is appropriate.
","snippet":"This implementation guidance addresses paragraph 944-40-25-6, which states that the conditions in paragraph 450-20-25-2 shall be considered with respect to the risk of loss assumed by an insurance entity for catastrophes…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3ae90a45025c475492b8a27146e5c2afb349eae5596301749421de8b76588e67","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-2","para":"55-2","html":"
At the time that a property and casualty insurance entity or reinsurance entity issues an insurance policy covering risk of loss from catastrophes, a contingency arises. The contingency is the risk of loss assumed by the insurance entity; that is, the risk of loss from catastrophes that may occur during the term of the policy. The insurance entity has not assumed risk of loss for catastrophes that may occur beyond the term of the policy. Clearly, therefore, no asset has been impaired or liability incurred with respect to catastrophes that may occur beyond the terms of policies in force.
","snippet":"At the time that a property and casualty insurance entity or reinsurance entity issues an insurance policy covering risk of loss from catastrophes, a contingency arises. The contingency is the risk of loss assumed by the…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b5027a0a95966c7c81e14b8c639fd3b5b574259ed3052ccd6d1cc5e46e1b8786","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-3","para":"55-3","html":"
To satisfy the condition in paragraph 450-20-25-2(a) that it be probable that a liability has been incurred to existing policyholders, the occurrence of catastrophes (that is, the confirming future events) would have to be reasonably predictable within the terms of policies in force. Further, to satisfy the condition in (b) in that paragraph, the amounts of losses therefrom would have to be reasonably estimable. Actuarial techniques are employed by insurance entities to predict the rate of occurrence of and amounts of losses from catastrophes over long periods of time for insurance rate-setting purposes. Predictions over relatively short periods of time, such as an individual accounting period or the terms of a large number of existing insurance policies in force, are subject to substantial deviations. Consequently, assumption of risk of loss from catastrophes by property and casualty insurance entities and reinsurance entities fails to satisfy the conditions for accrual in paragraph 450-20-25-2(a) through (b). Moreover, deferral of unearned premiums within the terms of policies in force represents the unknown liability for loss (including catastrophe losses) on unexpired policies, making an accrual inappropriate. Recognition of premium income as earned revenue within the terms of policies in force is discussed in Subtopic 944-605.
","snippet":"To satisfy the condition in paragraph 450-20-25-2(a) that it be probable that a liability has been incurred to existing policyholders, the occurrence of catastrophes (that is, the confirming future events) would have to …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e269843f883765a4b31f345756590f4d08c33cdb8a081a5f3c9fe7fad6edcf3f","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-4","para":"55-4","html":"
Deferral of any portion of premium income beyond the terms of policies in force is, in substance, similar to premature accrual of catastrophe losses and, therefore, also does not meet the conditions of paragraph 450-20-25-2.
","snippet":"Deferral of any portion of premium income beyond the terms of policies in force is, in substance, similar to premature accrual of catastrophe losses and, therefore, also does not meet the conditions of paragraph 450-20-2…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:02ca16250543e5231e644813fce405f050314cb8bc83f0b5ab86c3790fa532f1","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-5","para":"55-5","html":"
The conditions for accrual in paragraph 450-20-25-2 do not prohibit a property and casualty insurance entity from accruing probable catastrophe losses that have been incurred on or before the date of its financial statements but that have not been reported by its policyholders as of that date. If the amount of loss can be reasonably estimated, that paragraph requires accrual of those incurred-but-not-reported losses.
","snippet":"The conditions for accrual in paragraph 450-20-25-2 do not prohibit a property and casualty insurance entity from accruing probable catastrophe losses that have been incurred on or before the date of its financial statem…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:f1590c22d0ae7e5f036efd4eea752931e347aabf801fae92b03bd5f48a2ae35d","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:54edc2c4a277fa21b0927c23ccfedda30bbac54295aa43519d2c974fb34cb507","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"block":null,"heading":"Illustrations","paragraphs":[{"citation":"944-40-55-6","para":"55-6","html":"
This Example illustrates information an insurance entity would disclose to meet the requirements of paragraph 944-40-50-3. This Example presents amounts incurred and paid net of reinsurance. The information may also be presented before the effects of reinsurance with separate analysis of reinsurance recoveries and reinsurance recoverables related to the incurred and paid amounts.
","snippet":"This Example illustrates information an insurance entity would disclose to meet the requirements of paragraph 944-40-50-3. This Example presents amounts incurred and paid net of reinsurance. The information may also be p…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:545a4563ac5aa45bdf3e1c9adbabe9fdb35efc77fc4e820667715183048811e7","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-7","para":"55-7","html":"
An illustrative disclosure of a liability for unpaid claims and claim adjustment expenses follows.
","snippet":"An illustrative disclosure of a liability for unpaid claims and claim adjustment expenses follows.\nNote X. Liability for Unpaid Claims and Claim Adjustment Expenses\nActivity in the liability for unpaid claims and claim a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2ebbb661b890aa71a20723408262988582a3c762608a87460aab672bebeffb74","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-8","para":"55-8","html":"
This Example illustrates an insurance entity disclosure designed to meet the requirements of paragraph 944-40-50-4. Additional disclosures about the liabilities for unpaid claims and claim adjustment expenses may be required under Section 450-20-50 or 275-10-50.
","snippet":"This Example illustrates an insurance entity disclosure designed to meet the requirements of paragraph 944-40-50-4. Additional disclosures about the liabilities for unpaid claims and claim adjustment expenses may be requ…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e7f1c87cadaee0fe433345cd77f2bab572e367fa9d6a6987e7cf85d88c331843","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-9","para":"55-9","html":"
An illustrative disclosure of environmental-related claims follows.
","snippet":"An illustrative disclosure of environmental-related claims follows.\nNote X. Environmental-Related Claims\nIn establishing the liability for unpaid claims and claim adjustment expenses related to asbestos-related illnesses…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:5c2f6269099d3f3760dfe1c3e0fd75cec31b7eb5fdebb7c0f2421375c13fbb9d","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d0782b8b5faedc8cad6aeeada222cd73806ef6bfddf2f1b02f705abf9359e7ba","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"block":"Short-Duration Contracts","heading":"Implementation Guidance","paragraphs":[{"citation":"944-40-55-9A","para":"55-9A","html":"
Paragraphs 944-40-50-4A and 944-40-50-4H require an insurance entity to aggregate or disaggregate certain disclosures 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 to allow users to understand the amount, timing, and uncertainty of cash flows arising from contracts issued by insurance entities. Consequently, the extent to which an insurance entity's information is aggregated or disaggregated for the purposes of those disclosures depends on the facts and circumstances that pertain to the characteristics of the liability for unpaid claims and claim adjustment expenses.
","snippet":"Paragraphs 944-40-50-4A and 944-40-50-4H require an insurance entity to aggregate or disaggregate certain disclosures so that useful information is not obscured by either the inclusion of a large amount of insignificant …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c4bc90709bae7c4d8626b204b9e20f3020d67075a1720ed04382007e5177a3ef","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-9B","para":"55-9B","html":"
When selecting the type of category to use to aggregate or disaggregate disclosures, an insurance entity should consider how information about the insurance entity's liability for unpaid claims and claim adjustment expenses has been presented for other purposes, including all of the following:
  1. a
    Disclosures presented outside the financial statements (for example, in earnings releases, annual reports, statutory filings, or investor presentations)
  2. b
    Information regularly viewed by the chief operating decision maker for evaluating financial performance
  3. c
    Other information that is similar to the types of information identified in (a) and (b) and that is used by the insurance entity or users of the insurance entity's financial statements to evaluate the insurance entity's financial performance or make resource allocation decisions.
","snippet":"When selecting the type of category to use to aggregate or disaggregate disclosures, an insurance entity should consider how information about the insurance entity's liability for unpaid claims and claim adjustment expen…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:60105ec3abb0b086a963f038ded8b994665fd763f122f9de1059fb41dd740fba","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-9C","para":"55-9C","html":"
Examples of categories that might be appropriate include any of the following:
  1. a
    Type of coverage (for example, major product line)
  2. b
    Geography (for example, country or region)
  3. c
    Reportable segment as defined in Topic 280 on segment reporting
  4. d
    Market or type of customer (for example, personal or commercial lines of business)
  5. e
    Claim duration (for example, claims that have short settlement periods or claims that have long settlement periods).
When applying the guidance in paragraphs 944-40-50-4A and 944-40-50-4H, an insurance entity should not aggregate amounts from different reportable segments according to Topic 280.
","snippet":"Examples of categories that might be appropriate include any of the following:\n(a) Type of coverage (for example, major product line)\n(b) Geography (for example, country or region)\n(c) Reportable segment as defined in To…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:40a88d8ea8a5b4737ffc42945218dee3ff81003a6e2b40c4a9e8a3bfc391eae2","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-9D","para":"55-9D","html":"
Claim frequency information may be tracked and analyzed by an insurance entity in a variety of ways. For example, an insurance entity may track claim frequency by claim event (such as a car accident), while another entity may track claim frequency by individual claimant (such as the number of individual claimants in a car accident). Also, certain types of insurance coverage, such as excess-of-loss insurance or supplemental insurance, can experience claim activity that does not result in a liability to the insurance entity. This Subtopic does not require a particular methodology. Therefore, to allow users to understand the context of the information presented, an insurance entity should describe qualitatively the methodologies used to determine the quantitative claim frequency information presented. In certain circumstances, such as providing reinsurance on short-duration contracts or participating in residual market pools, an insurance entity may not have access to claim frequency information, in which case it may be impracticable to disclose this information. The insurance entity should disclose that fact and explain why the disclosure is impracticable.
","snippet":"Claim frequency information may be tracked and analyzed by an insurance entity in a variety of ways. For example, an insurance entity may track claim frequency by claim event (such as a car accident), while another entit…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d232294dc5b959516ea5028d0c4939bcf00f9593a05b417346339bd2c9b8b28a","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2d4b6e9972422c1153f4d48e5d3144d507edf7d64119a12c77bf43156c67a62b","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"block":"Short-Duration Contracts","heading":"Illustrations","paragraphs":[{"citation":"944-40-55-9E","para":"55-9E","html":"
The following Example illustrates the information that an insurance entity with one major short-duration product line (homeowners' insurance) would disclose in its 20Y6 financial statements to meet the requirements of paragraphs
944-40-50-4B through 50-4D
.
","snippet":"The following Example illustrates the information that an insurance entity with one major short-duration product line (homeowners' insurance) would disclose in its 20Y6 financial statements to meet the requirements of pa…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:181679a89112a3264448f9ea3c8c29b9abcc4656ee7ad50f7a3236a9fd2a06a0","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-9F","para":"55-9F","html":"
An illustrative Example of the supplementary information that an insurance entity would disclose to meet the requirements in paragraph 944-40-50-4G is as follows.
","snippet":"An illustrative Example of the supplementary information that an insurance entity would disclose to meet the requirements in paragraph 944-40-50-4G is as follows.\nNote X: Liability for Unpaid Claims and Claim Adjustment …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:179924c5cc16993f30d48945110e016d2f816aa0931db27f89fc111c6d9c70fd","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-9G","para":"55-9G","html":"
For this illustrative Example, the approach selected by the insurance entity to compute historical claims duration using the information about claims development included in paragraph 944-40-55-9F is as follows. These calculations are for illustrative purposes only and would not be included in the disclosure.
","snippet":"For this illustrative Example, the approach selected by the insurance entity to compute historical claims duration using the information about claims development included in paragraph 944-40-55-9F is as follows. These ca…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:af8dffacd3cf71c0fbe30f6314757fbaa01ac56cc347b87e1b4cf828a10d1205","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:267e8313ffa303a87c807433dcbc1c756d02b94df7dc15dc34ccc2eca8258c7d","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"block":"Long-Duration Contracts","heading":"Implementation Guidance","paragraphs":[{"citation":"944-40-55-10","para":"55-10","html":"
This implementation guidance discusses application of paragraphs
944-30-25-6 through 25-7
to the following types of sales inducements:
  1. a
    Immediate bonuses
  2. b
    Persistency bonuses
  3. c
    Enhanced crediting rate bonuses.
","snippet":"This implementation guidance discusses application of paragraphs 944-30-25-6 through 25-7 to the following types of sales inducements:\n(a) Immediate bonuses\n(b) Persistency bonuses\n(c) Enhanced crediting rate bonuses.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:440e46138c4fb29d42d48ffbee1ffa060e7440145f0efdd8407b44e8266c19ee","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-11","para":"55-11","html":"
As defined in this Subtopic, in an immediate bonus, the insurance entity is obligated to credit to the contract holder's account the sales inducement as a result of signing the contract. If the criteria in paragraphs
944-30-25-6 through 25-7
are met, an asset should be established for the same amount. Even if an entity were to impose a prepayment penalty designed to recover the sales inducement, paragraphs
944-40-30-16 through 30-19
specify that amounts assessed against policyholders in future periods cannot be considered in determining the liability for policy benefits. The prepayment penalty for the sales inducement would be treated no differently than any other surrender charge.
","snippet":"As defined in this Subtopic, in an immediate bonus, the insurance entity is obligated to credit to the contract holder's account the sales inducement as a result of signing the contract. If the criteria in paragraphs 944…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:741fd5a501833898bfb5cfc291225d27e156b55eac37a0c7225d0b2de79cdc80","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-12","para":"55-12","html":"
As defined in this Subtopic, a persistency bonus is credited to the contract holder account balance at the end of a specified period if the contract remains in force at that date. The amount that will be credited in accordance with the terms of the contract should be accrued as a component of the contract holder account balance ratably over the vesting period. If the criteria in paragraphs
944-30-25-6 through 25-7
are met, an asset should be established. While it may not become payable by the insurance entity until some future vesting or crediting date, the insurance entity is prohibited from anticipating surrenders and must assume the contract holder will persist to earn the bonus.
","snippet":"As defined in this Subtopic, a persistency bonus is credited to the contract holder account balance at the end of a specified period if the contract remains in force at that date. The amount that will be credited in acco…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:68fd077d52dd985de251d3c59625a0c5a04ce5d0fa41b72fdcd6c32d661d9338","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-13","para":"55-13","html":"
As defined in this Subtopic, in an enhanced-crediting-rate bonus, the insurance entity offers customers a crediting rate for a stated period in excess of that currently being offered by the entity for other similar contracts. The liability for an enhanced-crediting-rate bonus should be accrued ratably over the bonus crediting period. If the criteria in paragraphs
944-30-25-6 through 25-7
are met, an asset should be established for the same amount.
","snippet":"As defined in this Subtopic, in an enhanced-crediting-rate bonus, the insurance entity offers customers a crediting rate for a stated period in excess of that currently being offered by the entity for other similar contr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b9e49757a38b5e0063945d1a8fe5795f8ec361211b45226d970fa23b221117e4","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-13A","para":"55-13A","html":"
Paragraphs 944-40-35-5 through 35-6A and
944-40-35-7A through 35-7B
require an insurance entity to review—and if there is a change, update—cash flow assumptions used in estimating the liability for future policy benefits at the level of aggregation at which reserves are calculated. Example 6 (beginning in paragraph 944-40-55-29H) illustrates the calculation of the liability, including subsequent changes in the estimate of the liability.
","snippet":"Paragraphs 944-40-35-5 through 35-6A and 944-40-35-7A through 35-7B require an insurance entity to review—and if there is a change, update—cash flow assumptions used in estimating the liability for future policy benefits…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:0a404f54d3d7d90c2676b965ee966aa08856216f5d52df39237157546825114a","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-13B","para":"55-13B","html":"
If the adjustment related to updating cash flow assumptions is an unfavorable adjustment because of expected net premiums exceeding expected gross premiums (that is, expected benefits and related expenses exceed expected gross premiums), the insurance entity should:
  1. a
    Set net premiums equal to gross premiums
  2. b
    Increase the estimate of the liability for future policy benefits as of the beginning of the current reporting period
  3. c
    Recognize a corresponding adjustment to net income for the current reporting period (see paragraph 944-40-45-4)
  4. d
    Disclose qualitative and quantitative information related to adverse development (see paragraph 944-40-50-6(d))
  5. e
    Accrue the liability for future policy benefits with net premiums being set equal to gross premiums (that is, a ratio of net premiums to gross premiums equal to 100 percent) until assumptions are subsequently updated.
","snippet":"If the adjustment related to updating cash flow assumptions is an unfavorable adjustment because of expected net premiums exceeding expected gross premiums (that is, expected benefits and related expenses exceed expected…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:6997db70218e387f16d56c75a7caa604c57bb0d02a6eed4f2fa29aa4a6b58596","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-13C","para":"55-13C","html":"
If the adjustment related to updating cash flow assumptions is an unfavorable adjustment but does not result in net premiums exceeding gross premiums, then the insurance entity should:
  1. a
    Increase the estimate of the liability for future policy benefits as of the beginning of the current reporting period
  2. b
    Recognize a corresponding change in estimate adjustment to net income for the current reporting period (see paragraph 944-40-45-4)
  3. c
    Accrue the liability for future policy benefits with the revised ratio of net premiums to gross premiums until assumptions are subsequently updated.
","snippet":"If the adjustment related to updating cash flow assumptions is an unfavorable adjustment but does not result in net premiums exceeding gross premiums, then the insurance entity should:\n(a) Increase the estimate of the li…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:00c1454ebac2c4831d811f873d37b46a12ffb43ba7bdd138ca17beaf783e179f","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-13D","para":"55-13D","html":"
If the adjustment related to updating cash flow assumptions is a favorable adjustment—including the reversal of previously recognized unfavorable adjustment described in paragraph 944-40-55-13B or 944-40-55-13C—the insurance entity should:
  1. a
    Decrease the estimate of the liability for future policy benefits as of the beginning of the current reporting period
  2. b
    Recognize a corresponding change in estimate adjustment to net income for the current reporting period (see paragraph 944-40-45-4)
  3. c
    Accrue the liability for future policy benefits with the revised ratio of net premiums to gross premiums until assumptions are subsequently updated.
","snippet":"If the adjustment related to updating cash flow assumptions is a favorable adjustment—including the reversal of previously recognized unfavorable adjustment described in paragraph 944-40-55-13B or 944-40-55-13C—the insur…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:260dc976c3ee7e928fef642d0f52c34ba8755364d0b9463b0d91fe17a7cf7b07","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-13E","para":"55-13E","html":"
An insurance entity should maximize the use of current observable market prices of upper-medium-grade (low-credit-risk) fixed-income instruments with durations similar to the liability for future policy benefits.
  1. a
    An insurance entity should not substitute its own estimates for observable market data unless the market data reflect transactions that are not orderly (see paragraphs
    820-10-35-54I through 35-54J
    for additional guidance on determining whether transactions are not orderly).
  2. b
    In determining points on the yield curve for which there are limited or no observable market data for upper-medium-grade (low-credit-risk) fixed-income instruments, an insurance entity should use an estimate that is consistent with existing guidance on fair value measurement in Topic 820, particularly for Level 3 fair value measurement.
","snippet":"An insurance entity should maximize the use of current observable market prices of upper-medium-grade (low-credit-risk) fixed-income instruments with durations similar to the liability for future policy benefits.\n(a) An …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:857bdec38b01f87530c79bd91f40f175d337a4c62c0bfbb5c0cb7611532ff676","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-13F","para":"55-13F","html":"
To allow financial statement users to understand the amount, timing, and uncertainty of cash flows arising from contracts issued by insurance entities, paragraph 944-40-50-5A requires that an insurance entity aggregate or disaggregate certain disclosures 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. Consequently, the extent to which an insurance entity's information is aggregated or disaggregated for the purpose of those disclosures depends on the facts and circumstances that pertain to the characteristics of the liability for future policy benefits, the additional liability, the liability for policyholders' account balances, separate account liabilities, market risk benefits, or deferred acquisition costs (and balances amortized on a basis consistent with deferred acquisition costs).
","snippet":"To allow financial statement users to understand the amount, timing, and uncertainty of cash flows arising from contracts issued by insurance entities, paragraph 944-40-50-5A requires that an insurance entity aggregate o…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2b6f7f4dd68500d3a7aa43c6650367ac485de12d758704ba84e8660f994ff42c","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-13G","para":"55-13G","html":"
In addition, when selecting the type of category to use to aggregate or disaggregate disclosures, an insurance entity should consider how information about the disclosed items has been presented for other purposes, including the following:
  1. a
    Disclosures presented outside the financial statements (for example, in statutory filings)
  2. b
    Information regularly viewed by the chief operating decision maker for evaluating financial performance
  3. c
    Other information that is similar to the types of information identified in (a) and (b) and that is used by the insurance entity or users of the insurance entity's financial statements to evaluate the insurance entity's financial performance or make resource allocation decisions.
","snippet":"In addition, when selecting the type of category to use to aggregate or disaggregate disclosures, an insurance entity should consider how information about the disclosed items has been presented for other purposes, inclu…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d1e5c84963d24fce4f979883c9361f9973f758ccef8df7dcf6affe19df45b1d5","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-13H","para":"55-13H","html":"
Examples of categories that might be appropriate to consider to aggregate or disaggregate disclosures include the following:
  1. a
    Type of coverage (for example, major product line)
  2. b
    Geography (for example, country or region)
  3. c
    Market or type of customer (for example, individual or group lines of business).
When applying the guidance in paragraphs
944-30-50-2A through 50-2B
, 944-40-50-6 through 50-7C, and
944-80-50-1 through 50-2
, an insurance entity should not aggregate amounts from different reportable segments according to Topic 280, if applicable.
","snippet":"Examples of categories that might be appropriate to consider to aggregate or disaggregate disclosures include the following:\n(a) Type of coverage (for example, major product line)\n(b) Geography (for example, country or r…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:eca084a29519f1f0ab6836d55327167bfb2ae9fd58c7b8a7c0014bb47f6773cd","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-13I","para":"55-13I","html":"
The tabular rollforward of the beginning to the ending balance related to the liability for future policy benefits or the additional liability as required in paragraph 944-40-50-6 could include the following line items:
  1. a
    Issuances
  2. b
    Interest accrual
  3. c
    Net premiums or assessments collected
  4. d
    Benefit payments
  5. e
    Derecognition (lapses or withdrawals)
  6. f
    Effect of actual variances from expected experience
  7. g
    Effect of changes in cash flow assumptions
  8. h
    Effect of changes in discount rate assumptions.
","snippet":"The tabular rollforward of the beginning to the ending balance related to the liability for future policy benefits or the additional liability as required in paragraph 944-40-50-6 could include the following line items:\n…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ce6de63d0898a26f235f2f84d0572bbcd5615d5e46c0d8785ee1749975a74598","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-13J","para":"55-13J","html":"
The tabular rollforward of the beginning to the ending balance related to the liability for policyholders' account balances as required in paragraph 944-40-50-7A could include the following line items:
  1. a
    Issuances
  2. b
    Premiums received
  3. c
    Policy charges
  4. d
    Surrenders and withdrawals
  5. e
    Benefit payments
  6. f
    Transfers from or to separate accounts
  7. g
    Interest credited.
","snippet":"The tabular rollforward of the beginning to the ending balance related to the liability for policyholders' account balances as required in paragraph 944-40-50-7A could include the following line items:\n(a) Issuances\n(b) …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9d7142e4e951a81ca0df2edc9b1e0459106c44c4316c1736199b6cfa0a882a03","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-13K","para":"55-13K","html":"
The tabular rollforward of the beginning to the ending balance related to market risk benefits as required in paragraph 944-40-50-7B could include the following line items:
  1. a
    Issuances
  2. b
    Interest accrual
  3. c
    Attributed fees collected
  4. d
    Benefit payments
  5. e
    Effect of changes in interest rates
  6. f
    Effect of changes in equity markets
  7. g
    Effect of changes in equity index volatility
  8. h
    Actual policyholder behavior different from expected behavior
  9. i
    Effect of changes in future expected policyholder behavior
  10. j
    Effect of changes in other future expected assumptions
  11. k
    Effect of changes in the instrument-specific credit risk.
To the extent that the tabular rollforward of the beginning to the ending balance related to market risk benefits achieves the fair value disclosure requirements described in Section 820-10-50, an insurance entity need not duplicate the related fair value disclosure.
","snippet":"The tabular rollforward of the beginning to the ending balance related to market risk benefits as required in paragraph 944-40-50-7B could include the following line items:\n(a) Issuances\n(b) Interest accrual\n(c) Attribut…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cbb30dec1429e46e1fdc17463d0025a78af0682bf664ee6c9da9e5eace6c79ac","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:d68d5fb15a92c2a21c9469d0554c370baf4e3a8d85aa4360aa96fa27f50c0e98","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"block":"Long-Duration Contracts","heading":"Illustrations","paragraphs":[{"citation":"944-40-55-14","para":"55-14","html":"
This Example illustrates how to calculate an additional liability for universal life-type contracts as discussed in paragraph 944-40-25-27A(for example, a variable universal life insurance contract no-lapse guarantee that would meet the condition in paragraph 944-40-25-25D(b) and not be accounted for as a market risk benefit). This Example assumes that the guidance in paragraphs
944-20-15-20 through 15-25
has been followed, with the conclusion that the mortality and morbidity risk associated with insurance benefit features is other than nominal.
","snippet":"This Example illustrates how to calculate an additional liability for universal life-type contracts as discussed in paragraph 944-40-25-27A(for example, a variable universal life insurance contract no-lapse guarantee tha…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:70e9beb7b5400c1b0cdd8a873ae0d7ef470b2d2e9b9dc02503e1ad3116c9b856","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-15","para":"55-15","html":"
This Example assumes the following for the contracts discussed:
  1. a
    The contracts have no front-end loads.
  2. b
    The mortality assessments include any explicit assessments for enhanced death benefit feature.
  3. c
    The surrender charges are calculated based on a percentage of premiums.
  4. d
    The expense assessments are a fixed annual charge.
  5. e
    The discount rate is 8 percent
  6. f
    The contracts do not include market risk benefits.
","snippet":"This Example assumes the following for the contracts discussed:\n(a) The contracts have no front-end loads.\n(b) The mortality assessments include any explicit assessments for enhanced death benefit feature.\n(c) The surren…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:cba03c0f5516ad210855d2ae0600585be8467382bacd6486dfc053cb1e5da89b","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-16","para":"55-16","html":"
Paragraphs
944-40-55-25 through 55-28
contain the same basic assumptions as paragraph 944-40-55-20, but with the effect on the components of the additional liability of a 10 percent increase in account balances (not shown in schedules) in Year 2.
","snippet":"Paragraphs 944-40-55-25 through 55-28 contain the same basic assumptions as paragraph 944-40-55-20, but with the effect on the components of the additional liability of a 10 percent increase in account balances (not show…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:c2b1eb09c964867eb4854fd8dffdc7d172d4e5b3ea0d31406b1c8695dae541ad","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-17","para":"55-17","html":"
This Example illustrates computations involved in the following:
  1. a
    Subparagraph superseded by Accounting Standards Update No. 2018-12.
  2. b
    Benefit ratio
  3. c
    Additional liability
  4. d
    Subparagraph superseded by Accounting Standards Update No. 2018-12.
","snippet":"This Example illustrates computations involved in the following:\n(a) Subparagraph superseded by Accounting Standards Update No. 2018-12.\n(b) Benefit ratio\n(c) Additional liability\n(d) Subparagraph superseded by Accountin…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:be15b7cfee75f07ac17efd1345495b6857ea844482f1ece044449771b3cb8689","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-18","para":"55-18","html":"
Paragraph superseded by Accounting Standards Update No. 2018-12.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2018-12.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:592424e71daed5ab4736b5eeaad407a3f273ab764d9a70a00dce2ed9e6d9dcfd","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-19","para":"55-19","html":"
Columns in the computations that follow do not cross-foot due to rounding.
","snippet":"Columns in the computations that follow do not cross-foot due to rounding.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b7ca654da5aa176ae421324627262685aa3fa35c58baaf2c95175afcdb26b446","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-20","para":"55-20","html":"
Computation of components of the additional liability follows.
","snippet":"Computation of components of the additional liability follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:de03a98340208f271fbc10fd7c498f708906db9153e059fba81f14a32794b742","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-21","para":"55-21","html":"
Computation of the benefit ratio follows.
","snippet":"Computation of the benefit ratio follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2974902b8cd6870144743fe1420e63c58523f2de83369c0f0ff81a846b638a7e","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-22","para":"55-22","html":"
Computation of the Year 1 additional liability follows.
","snippet":"Computation of the Year 1 additional liability follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:37a4da1a5f375702b50b51779024f58a8d8ce958152eb52b91aa6f5232d14491","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-23","para":"55-23","html":"
The additional liability schedule follows.
","snippet":"The additional liability schedule follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1134028e6dfb20d6c5b9e2497a9b498a6c832b6933a8e9538d1c8465e1bb8cba","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-24","para":"55-24","html":"
Paragraph superseded by Accounting Standards Update No. 2018-12.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2018-12.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:61eb3d17f4de211472185e53e9afb83fb442e67874b90721b9ad3e518b5b7191","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-25","para":"55-25","html":"
Computation of components of the additional liability with a 10 percent increase in the account balance in Year 2 follows.
","snippet":"Computation of components of the additional liability with a 10 percent increase in the account balance in Year 2 follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:41a93953557ec7c1940de671f1bc719294c3524b56ffad5cdbc49e664bbe3f5d","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-26","para":"55-26","html":"
Computation of the benefit ratio at Year 2 follows.
","snippet":"Computation of the benefit ratio at Year 2 follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:71bc98e1d70f510c5bbad99f27f4f81b362d990a15d80499263f1f7d5ba00792","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-27","para":"55-27","html":"
Computation of the Year 2 additional liability follows.
","snippet":"Computation of the Year 2 additional liability follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e70bf1e08606e90af6fa448f7fa76ddf94da3727f8e7b4c20a77cad5b8cc8ba9","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-28","para":"55-28","html":"
The updated additional liability schedule follows.
","snippet":"The updated additional liability schedule follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:39a8718803a5e9aae61da776d610a578a8cdcd9d77967fb7a4e3acefe19f3f05","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-29","para":"55-29","html":"
Paragraph superseded by Accounting Standards Update No. 2018-12.
","snippet":"Paragraph superseded by Accounting Standards Update No. 2018-12.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:8d80eaa369881d4d706d223f986e2a91137e9da3d187c378460e37844340419b","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-29A","para":"55-29A","html":"
A contract holder deposits $100,000 in a deferred annuity (either fixed or variable) that provides for a guaranteed minimum accumulation benefit that guarantees that at a specified anniversary date (for example, 5 years) the contract holder's account balance will be the greater of the following:
  1. a
    The account value
  2. b
    Deposits less partial withdrawals accumulated at 3 percent interest compounded annually.
","snippet":"A contract holder deposits $100,000 in a deferred annuity (either fixed or variable) that provides for a guaranteed minimum accumulation benefit that guarantees that at a specified anniversary date (for example, 5 years)…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:9455dc1ac09cfe8a83f9ff435f5a961734a71d0b5956d03900afb043bb700797","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-29B","para":"55-29B","html":"
The contract holder's account balance is exposed to stock market performance. At the specified anniversary date the contract holder's account balance has declined to $80,000 due to stock market declines. The guaranteed minimum value of the $100,000 deposit compounded annually at 3 percent interest is $115,930. The contract holder's account balance will be increased to the greater amount, resulting in an account balance of $115,930. In this Example, the guaranteed minimum accumulation benefit meets the criteria for a market risk benefit in accordance with paragraph 944-40-25-25C because the guaranteed minimum accumulation benefit protects the contract holder from other-than-nominal capital market risk and exposes the insurance entity to other-than-nominal capital market risk. Specifically, the insurance entity compensates the contract holder for the shortfall (due to stock market declines) between the account balance amount of $80,000 and the guaranteed amount of $115,930. The guaranteed minimum accumulation benefit should be measured at fair value in accordance with paragraph 944-40-30-19C. Similarly, if on the date of the death of the contract holder the deferred annuity provides a guaranteed minimum death benefit amount of $115,930 while the account balance is $80,000, the guaranteed minimum death benefit meets the criteria for a market risk benefit in accordance with paragraph 944-40-25-25C because the insurance entity provides compensation for the shortfall (due to stock market declines) between the account balance amount of $80,000 and the guaranteed amount of $115,930.
","snippet":"The contract holder's account balance is exposed to stock market performance. At the specified anniversary date the contract holder's account balance has declined to $80,000 due to stock market declines. The guaranteed m…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b0f3b60da2ff56bbf37c7ab6ff0276c236d6ccb98f231cec0a00ca26b3f8535a","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-29C","para":"55-29C","html":"
A contract holder deposits $100,000 in a deferred annuity (either fixed or variable) that provides a guaranteed minimum income benefit. The contract specifies that if the contract holder elects to annuitize, the amount available to annuitize will be the higher of the then account balance or the sum of deposits less withdrawals. The contract holder's account balance is exposed to stock market performance. At the date that the contract holder chooses to annuitize, the account balance has declined to $80,000 due to stock market declines.
","snippet":"A contract holder deposits $100,000 in a deferred annuity (either fixed or variable) that provides a guaranteed minimum income benefit. The contract specifies that if the contract holder elects to annuitize, the amount a…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:24a3a712b66111e9497e5658bd6624e3c4d82c1ef98ae13fce18c390cce30fb0","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-29D","para":"55-29D","html":"
In this Example, the guaranteed minimum income benefit meets the criteria for a market risk benefit in accordance with paragraph 944-40-25-25C because the guaranteed minimum income benefit protects the contract holder from other-than-nominal capital market risk and exposes the insurance entity to other-than-nominal capital market risk. Specifically, the insurance entity compensates the contract holder for the shortfall (due to stock market declines) between the account balance amount of $80,000 and the $100,000 guaranteed amount at the annuitization date. During the accumulation phase, the guaranteed minimum income benefit feature should be measured at fair value in accordance with paragraph 944-40-30-19C. Similarly, if the deferred annuity provides a guaranteed minimum withdrawal benefit or a guaranteed minimum lifetime withdrawal benefit that protects the contract holder from other-than-nominal capital market risk and exposes the insurance entity to other-than-nominal capital market risk, the guaranteed minimum withdrawal benefit or the guaranteed minimum lifetime withdrawal benefit meets the criteria for a market risk benefit.
","snippet":"In this Example, the guaranteed minimum income benefit meets the criteria for a market risk benefit in accordance with paragraph 944-40-25-25C because the guaranteed minimum income benefit protects the contract holder fr…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:3c16d2c38e731e8ecce1fb3d93bbd8e74df10f3b8881699b4b2ed656aab8dcad","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-29E","para":"55-29E","html":"
This Example illustrates the information that an insurance entity with two major long-duration product lines (term life and whole life) should disclose in its 20X2 financial statements to meet certain requirements of paragraph 944-40-50-6.
","snippet":"This Example illustrates the information that an insurance entity with two major long-duration product lines (term life and whole life) should disclose in its 20X2 financial statements to meet certain requirements of par…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:a2fa38389a5476690d3f4935dee4e675409d85dfc42e545332082f5cec1a9531","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-29F","para":"55-29F","html":"
This Example illustrates the information that an insurance entity with two major long-duration products with policyholders' account balances (universal life and fixed annuities) should disclose in its 20X2 financial statements to meet certain requirements of paragraph 944-40-50-7A.
","snippet":"This Example illustrates the information that an insurance entity with two major long-duration products with policyholders' account balances (universal life and fixed annuities) should disclose in its 20X2 financial stat…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:346fbaca95a7c0906e4d1098bb4023f310db4bd998ec43c8321599bae1512ccb","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-29G","para":"55-29G","html":"
This Example illustrates the information that an insurance entity with market risk benefits should disclose in its 20X2 financial statements to meet certain requirements of paragraph 944-40-50-7B.
","snippet":"This Example illustrates the information that an insurance entity with market risk benefits should disclose in its 20X2 financial statements to meet certain requirements of paragraph 944-40-50-7B.\nNote X: Market Risk Ben…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e626fbbe43c522e409a338a055878c08bc2468ea49d7bef757c48eeeb9fcd4a5","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-29H","para":"55-29H","html":"
This Example illustrates an approach to updating assumptions used to measure the liability for future policy benefits related to traditional life insurance contracts.
","snippet":"This Example illustrates an approach to updating assumptions used to measure the liability for future policy benefits related to traditional life insurance contracts.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:76c26264e210cef877781a6c2d2c1151892af6871c1a91d6dcf0bec96a695e03","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-29I","para":"55-29I","html":"
This Example assumes the following for the contracts discussed:
  1. a
    At contract inception:
    1. 1
      The insurance entity issues 1,000 guaranteed-renewable 20-year term life insurance contracts that are grouped into a single cohort for purposes of measuring the liability for future policy benefits.
    2. 2
      Face amount per contract: $200,000.
    3. 3
      Annual premium per contract: $500.
    4. 4
      Discount rate: 0 percent.
    5. 5
      Lapse rate: 5 percent for all years.
    6. 6
      Mortality rate: 0.1 percent in Year 1, increasing linearly to 0.29 percent in Year 20.
    7. 7
      For ease of illustration, no expenses are assumed, benefit payments and premium receipts occur at the end of the year, and annual periods are presented.
  2. b
    During Year 6: The insurance entity experiences unfavorable mortality that is 20 percent higher than expected. The insurance entity determines that it does not need to change its future mortality or lapse assumptions.
  3. c
    During Year 9: After experiencing continued unfavorable mortality (20 percent higher than expected in Years 7 through 9), the insurance entity increases its mortality assumption by 20 percent for Years 10 through 20.
  4. d
    During Year 10: The current upper-medium grade (low-credit-risk) fixed-income instrument yield increases from 0 percent to 2 percent. The insurance entity does not change its future mortality or lapse assumptions.
","snippet":"This Example assumes the following for the contracts discussed:\n(a) At contract inception:\n(1) The insurance entity issues 1,000 guaranteed-renewable 20-year term life insurance contracts that are grouped into a single c…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:70f6329282a157911d7f248fd1ea6625f54c4cd91f8c7454551a66715731adb3","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-29J","para":"55-29J","html":"
This Example illustrates computations involved in the following:
  1. a
    Net premiums
  2. b
    Liability remeasurement adjustments.
","snippet":"This Example illustrates computations involved in the following:\n(a) Net premiums\n(b) Liability remeasurement adjustments.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:dcf4680b1d027dc2c6b5b1963b9f39578342b86fc5a92cf57b688776760c45f1","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-29K","para":"55-29K","html":"
The computation of the original net premium ratio at the issue date of the portfolio of contracts follows.
","snippet":"The computation of the original net premium ratio at the issue date of the portfolio of contracts follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fefcf6cf1ad1ea5b80efa0ffa71e2d82c2c870e024d67a440a89d3042603a928","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-29L","para":"55-29L","html":"
The computation of the liability for future policy benefits at the end of Year 1 follows.
","snippet":"The computation of the liability for future policy benefits at the end of Year 1 follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:fb1face0487d2ff12f376d05f1f38151f784c1d95da13d1b65c8cd9654f37884","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-29M","para":"55-29M","html":"
","snippet":"At the end of Year 6, the Entity updates its mortality assumption to reflect the unfavorable experience in that year (that is, the true-up from expected experience to actual experience) and its effect on estimated cash f…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:33e4c69f6aed8ad924157f1a154fa26fd48f48085d230abac8a84f1349c218f6","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-29N","para":"55-29N","html":"
","snippet":"At the end of Year 9, the Entity reviews and updates its mortality assumption to reflect the unfavorable experience in that year and an increase in expected mortality in Years 10 through 20.\nThe following tables provide …","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:225435fd5cbc3182bab1b98986689010d7035769f88494d81563519208293074","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-29O","para":"55-29O","html":"
","snippet":"At the end of Year 10, the Entity updates its discount rate assumption from 0 percent to 2 percent.\nThe following table provides information about the effect of updating the discount rate assumption and the adjustment to…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b231968ef641d2fa11414fb7b7ec5ae0e97a15c30ea8470ee810d3b13035867b","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-29P","para":"55-29P","html":"
This Example illustrates an approach to updating assumptions used to measure the liability for future policy benefits with a carryover basis.
","snippet":"This Example illustrates an approach to updating assumptions used to measure the liability for future policy benefits with a carryover basis.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b79f12a65f59f0472f107d6086463a8f5ad7ba5813a874b4f24b921234326f41","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-29Q","para":"55-29Q","html":"
This Example assumes the following for the contracts discussed:
  1. a
    The beginning of Year 4 carryover basis is $387.6, which will be used in subsequent recalculations of the net premium ratio.
  2. b
    At the beginning of Year 4, the Entity updates cash flow assumptions and recalculates net premiums.
  3. c
    A discount rate of 0 percent is used to compute the net premiums and the liability for future policy benefits.
  4. d
    For ease of illustration, no expenses are assumed, benefit payments and premium receipts are made at the end of the year, and annual periods are presented.
","snippet":"This Example assumes the following for the contracts discussed:\n(a) The beginning of Year 4 carryover basis is $387.6, which will be used in subsequent recalculations of the net premium ratio.\n(b) At the beginning of Yea…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:1115551b57d89869a21f556483d7d8999d2ea1ccf09ff28edd149b617865dd6a","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-29R","para":"55-29R","html":"
This Example illustrates computations that involve the following:
  1. a
    Net premiums
  2. b
    Updates of the net premium ratio.
","snippet":"This Example illustrates computations that involve the following:\n(a) Net premiums\n(b) Updates of the net premium ratio.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:55308b56591f8904ac79bf091d199a0b69c5fcac5b63d990ff312f933854175a","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-29S","para":"55-29S","html":"
At the beginning of Year 4, the Entity recalculates the net premiums as follows.
","snippet":"At the beginning of Year 4, the Entity recalculates the net premiums as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:b3faaf60e7a830326d173c55831837bb32206ff51df1b8a8195df7814ce7aced","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-29T","para":"55-29T","html":"
The computation of the liability for future policy benefits at the end of Year 4 using the revised net premiums follows.
","snippet":"The computation of the liability for future policy benefits at the end of Year 4 using the revised net premiums follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2839ee42c5dff8bcbe476dab221d92e44bcdd288965667fe4f1c0413f5de2fc8","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-29U","para":"55-29U","html":"
At the end of Year 6, the Entity reviews and updates its mortality assumption as specified in paragraph 944-40-35-5(a), which results in an adjustment to benefit expenses and the liability for future policy benefits.
","snippet":"At the end of Year 6, the Entity reviews and updates its mortality assumption as specified in paragraph 944-40-35-5(a), which results in an adjustment to benefit expenses and the liability for future policy benefits.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:e043b8408aa6c6dcd2de28195ae9e235495663e208dc006a21254f6c82d1b782","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:4e1189aa08687041cebf8820d9e3d2f4bd67d6bce6a35558511d59e73074ea32","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"block":"Financial Guarantee Insurance Contracts","heading":"Illustrations","paragraphs":[{"citation":"944-40-55-30","para":"55-30","html":"
This Example illustrates the measurement of the claim liability for a financial guarantee insurance contract as described in paragraph 944-40-30-33. An insurance entity determines that there is an expectation that a claim loss on an insured financial obligation (a bond) will exceed the unearned premium revenue for that contract. The present value of expected net cash outflows used to measure the claim liability considers the amount, timing, and probability of possible net cash outflows, that is, cash outflows, net of potential recoveries, to be paid to the holder of the insured financial obligation, excluding reinsurance. The present value of expected net cash outflows is developed using the insurance entity's own assumptions about the likelihood of all possible outcomes based on all information available to the insurance entity (including relevant market information). A calculation of the present value of expected net cash outflows follows.
","snippet":"This Example illustrates the measurement of the claim liability for a financial guarantee insurance contract as described in paragraph 944-40-30-33. An insurance entity determines that there is an expectation that a clai…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2f20ee924cbbac592f5d4fdbb79eeae549cedaf21c46102a1dc0b44620a89fbd","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-31","para":"55-31","html":"
At the date the expected net cash outflows are calculated, the remaining unearned premium revenue is $1.2 million. Accordingly, a claim liability of $27.8 million is recognized in the statement of financial position ($29.0 million less $1.2 million).
","snippet":"At the date the expected net cash outflows are calculated, the remaining unearned premium revenue is $1.2 million. Accordingly, a claim liability of $27.8 million is recognized in the statement of financial position ($29…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:baa7957b7d6f6ea93143ff0a1397e23096554dfebcae543fdbedb877163f39d8","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-32","para":"55-32","html":"
This Example illustrates the disclosure of a schedule of insured financial obligations required in paragraph 944-40-50-9(a)(5) and 944-40-50-9(b)(1) through (5). This Example assumes the insurance entity uses a surveillance list with four surveillance categories to track and monitor its insured financial obligations. The surveillance list and four surveillance categories are used for illustrative purposes only. The surveillance categories in paragraph 944-40-55-33 describe the claim liability before the mitigating effects of potential recoveries.
","snippet":"This Example illustrates the disclosure of a schedule of insured financial obligations required in paragraph 944-40-50-9(a)(5) and 944-40-50-9(b)(1) through (5). This Example assumes the insurance entity uses a surveilla…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ae73703a7173b7b060e0811fe2ad4b97b4195ffb167b494f39a666f027ba50e1","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-33","para":"55-33","html":"
The following are brief descriptions of each surveillance category to provide context to this Example:
  1. a
    Category A. This category includes insured financial obligations that are still currently performing (that is, insured contractual payments are made on time but the likelihood of an event of default has increased since the financial guarantee insurance contract was first issued), but if economic conditions persist for an extended period of time, they may not be performing in the future. The issuer of the insured financial obligation may have experienced credit deterioration as a result of a general economic downturn. As a result, the present value of expected net cash outflows may exceed the unearned premium revenue of the financial guarantee insurance contract some time in the future.
  2. b
    Category B. This category includes insured financial obligations that are currently characterized as potentially nonperforming and may require action by the insurance entity to avoid or mitigate an event of default.
  3. c
    Category C. This category includes insured financial obligations that are characterized as nonperforming and for which actions to date by the insurance entity have not been successful in avoiding or mitigating an event of default. The insurance entity continues its efforts to cure the claim, but an event of default is imminent.
  4. d
    Category D. This category includes insured financial obligations in which an event of default has occurred.
","snippet":"The following are brief descriptions of each surveillance category to provide context to this Example:\n(a) Category A. This category includes insured financial obligations that are still currently performing (that is, in…","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ee32c34e04941def11d0fa96348dda37a5ce5edc44631d4fc987f2840b5fcb13","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},{"citation":"944-40-55-34","para":"55-34","html":"
For the insured financial obligations discussed in the preceding paragraph, the financial information might be presented as follows.
","snippet":"For the insured financial obligations discussed in the preceding paragraph, the financial information might be presented as follows.","pending":false,"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:2f9cc81b5d636157935aea84e39c95fc063a1ddf26a17d5b7e39e59170b2d3a3","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:16c82018f3c971efd79fac8bb478e0dc0a2e2da3cea8614beac2f9d07a0f70b0","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}}],"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ffa8533ad0929b0a2ad919b88d27d250ba724eb060b9333950e84d2932dbda6b","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}},"provenance":{"source_url":"https://asc.fasb.org/","snapshot_version":"sha256:15aea8165dff9f5ae47d9484f8470588b13b307f56e1d50801bf4d85ec190e3f","record_version":"sha256:ffa8533ad0929b0a2ad919b88d27d250ba724eb060b9333950e84d2932dbda6b","downloaded_from":"2026-09-10T02:16:51.609Z","last_downloaded_at":"2026-09-10T02:16:51.609Z","date_scope":"source_page","effective_as_of":null,"effective_as_of_status":"Not established by retrieval timestamps","source_key":"1943274/2147480046","source_sha256":"bae5dea773970a9127b9a7d18d74accea59f078ad65ec0ddef2ea162294a3965"}}