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Insurance: February 2024 SAPWG call

Issues and Trends | March 2024

KPMG reports on actions taken by the Statutory Accounting Principles Working Group on the February 2024 conference call.


  • All insurance companies

Key impacts

The Statutory Accounting Principles Working Group adopted the following guidance.

  • Revisions to SSAP No. 21R to add a disclosure to expand the reporting lines on Schedule BA to detail admitted and nonadmitted collateral loans based on the type of collateral that secures the loan.

SAPWG exposed revisions to the following guidance.

  • SSAP 21R to incorporate the effective yield with a cap method to measure residuals, with a practical expedient that allows the use of the cost recovery method.
  • Reporting lines in Schedule BA for collateral loans.
  • Schedule BA instructions to further define examples of investments that are reported by type of investment on Schedule BA based on underlying characteristics of assets.

Download the document:

NAIC February 2024 SAPWG Call

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