Insurance: May 2026 SAPWG call
Issues & Trends | June 2026
We report on actions and discussions of the Statutory Accounting Principles Working Group on the May 2026 conference call.
Applicability
- All insurance companies
Key impacts
The Statutory Accounting Principles Working Group (SAPWG) adopted revisions to the following guidance.
- SSAP No. 52, to add new disclosures and a glossary for funding agreement-backed notes and other similar structures.
SAPWG exposed the following guidance.
- Revisions to SSAP No. 7, with a new related issue paper to include new guidance for the interest maintenance reserve.
- Revisions to SSAP No. 100, to remove the exclusion for investments accounted for under the equity method from the fair value of financial instruments disclosure.
- A new standard, SSAP No. 109, and a related issue paper for interest rate hedging derivatives that do not qualify as effective hedges under SSAP Nos. 86 or 108 but are used for asset-liability management.
Report contents
- Meeting highlights
- Accounting highlights
Download the document:
May 2026 SAPWG Call
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Meet our team
Olga Roberts
Managing Director, Dept. of Professional Practice, KPMG US
Leigh Wilson Gasparovic
Partner, Dept. of Professional Practice, KPMG US
Olga Roberts
Managing Director, Dept. of Professional Practice, KPMG US
Leigh Wilson Gasparovic
Partner, Dept. of Professional Practice, KPMG US