Recognition & measurement transition implications for insurance entities

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Sep 21, 2017

We summarize transition guidance for insurance entities with equity investments without readily determinable fair values.

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Overview

ASU 2016-01 specifies that the guidance on equity investments without readily determinable fair values should be applied prospectively when the measurement alternative is elected. The adoption date AOCI associated with these investments is not released to retained earnings upon adoption. Insurance entities should adopt an appropriate methodology for the subsequent accounting for this AOCI that is logical and consistently applied to all securities accounted for using the measurement alternative.

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Heather Horn

Heather Horn

US Strategic Thought Leader, National Professional Services Group, PwC US

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David Schmid

David Schmid

International Accounting Leader, National Professional Services Group, PwC US

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