Applicability
- All insurance companies
Key impacts
The Statutory Accounting Principles Working Group (SAPWG) adopted the following guidance:
- The effective date of INT 22-02 was extended through August 16, 2023. The INT provides an exception to insurers when assessing the effects on the insurer’s valuation allowance and deferred tax assets from the Corporate Alternative Minimum Tax.
SAPWG exposed revisions to the following guidance:
- SSAP No. 34 to further clarify disclosures and incorporate a practical expedient for the paid-in-kind interest aggregate disclosures.
- SSAP Nos. 43R and 48 to clarify the scope and reporting of residual interests and residual security tranches.
Report contents
- Meeting highlights
- Accounting highlights
- KPMG Financial Reporting View
- Acknowledgments
Related content
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