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Insurance: September 2023 SAPWG call

Issues and Trends | October 2023

KPMG reports on an action taken by the Statutory Accounting Principles Working Group on the September 2023 conference call.


  • All insurance companies

Key impacts

The Statutory Accounting Principles Working Group adopted the following guidance:

  • Revisions to SSAP Nos. 43R and 48 to clarify the scope and reporting of residual interests and residual security tranches. Revisions are effective December 31, 2023.
  • Revisions to INT 23-02 to provide guidance on how insurers assess the effects corporate alternative minimum tax (CAMT) and provide disclosures for the third quarter 2023. INT 23-02 will automatically nullify on November 16, 2023.
  • INT 23-03 to provide guidance on assessing the effects of CAMT for periods on or after the 2023 year-end.

Report contents

  • Meeting highlights
  • Accounting highlights
  • KPMG Financial Reporting View
  • Acknowledgments

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    September 2023 SAPWG Call

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