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Insurance: Statutory Reporting – July 2026

Issues & Trends | July 2026

We summarize new and revised statutory accounting standards for financial reporting by insurers in 2026 and thereafter.

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Applicability

  • All insurance companies

Key impacts

Effective for 2026 and later reporting:

  • SSAP Nos. 2, 21, 26, 30, 32 and 43 added an aggregate disclosure of key investment information by type of private placement investment and identified private placements in the investment schedules in the Annual Statement.
  • SSAP No. 7 adopted a new statutory accounting concept and related template for the IMR proof of reinvestment requirement.
  • SSAP No. 56 updated recognition and measurement guidance for the transfer of assets in exchange for cash between the general account and book value separate accounts.

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Insurance Statutory Reporting

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Meet our team

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Leigh Wilson Gasparovic
Partner, Dept. of Professional Practice, KPMG US
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Olga Roberts
Managing Director, Dept. of Professional Practice, KPMG US
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Image of Leigh Wilson Gasparovic
Leigh Wilson Gasparovic
Partner, Dept. of Professional Practice, KPMG US
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Image of Olga Roberts
Olga Roberts
Managing Director, Dept. of Professional Practice, KPMG US
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Accounting Research Online

Access our accounting research website for additional resources for your financial reporting needs.

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