Financial Reporting

Practice Note

Embedded Values (EV) Reporting

Life Financial Reporting Committee practice note to assist actuaries working for life insurance companies with the calculation of embedded values.

Practice Note

Identification and Valuation of Embedded Derivatives in Modified Coinsurance and Similar Insurance Arrangements

Life Financial Reporting Committee practice note describing some of the common practices that might be considered by actuaries in the United States in the application of the Financial Accounting…

Practice Note

Anticipated Common Practices Relating to AICPA Statement of Position (SOP) 05-1: Accounting by Insurance Enterprises for Deferred Acquisition Costs in Connection With Modifications or Exchanges of Insurance Contracts

Practice note relating to AICPA Statement of Position 05-1 on insurance accounting for deferred acquisition costs in connection with modifications or exchanges of insurance contracts.

Comment / Letter

Comment Letter to FASB on Accounting for Life Insurance Contracts

Life Financial Reporting Committee comment letter to FASB on accounting for life insurance contracts acquired in a business combination.

Common Practices Relating to FASB Statement 133, Accounting for Derivative Instruments and Hedging Activities, As It Relates to Variable Annuities with Guaranteed Benefits

Practice note on common practices relating to FASB Statement 133, accounting for derivative instruments and hedging activities, as it relates to variable annuities with guaranteed benefits.

Practice Note

Anticipated Common Practices Relating to AICPA Statement of Position 03-1: Accounting and Reporting by Insurance Enterprises for Certain Nontraditional Long-Duration Contracts and for Separate Accounts

Life Financial Reporting Committee practice note on anticipated common practices relating to AICPA Statement of Position 03-1: accounting and reporting by insurance enterprises for certain…

Draft FAQs from the Life Financial Reporting Committee

Draft FAQs from the Life Financial Reporting Committee on the valuation of embedded derivatives in life and annuity contracts in accordance with FAS 133.

Comment / Letter

Comments on Attached Forms A and B of Proposed Changes to Accounting Practices and Procedures Manual

Comments on proposed changes to the Accounting Practices and Procedures Manual.

GAAP Survey Results Committee on Life Insurance Financial Reporting (COLIFR)

Committee on Life Insurance Financial Reporting (COLIFR) report on its GAAP survey.

Comment / Letter

Comments on FASB Exposure Draft on Business Combinations and Goodwill Accounting

Committee on Life Insurance Financial Reporting and Committee on Property and Liability Financial Reporting comments on FASB Revised Exposure Draft: “Business Combinations and Intangible Assets —…