Note 20 Clarification

[ChristineT-AAIC]

Question on Note 20 - We currently have investment in Subsidiary which is a part of our invested assets. The investment is valued at Stat Equity. Should this be included in Note 20. And if so, should it be included in 10A & 10C or 10A & 10D?

[Glenn]

Hello Christine,
Note 20 is intended to capture Financial Instruments carried at Fair Value at the measurement date ( reporting period ). In particular Note 20A table is ONLY for financial instruments carried at Fair Value at the measurement date ( refer to SSAP100R disclosure requirements and the NAIC instructions for Note 20)
The instructions will specifically say to exclude financial instruments accounted for under the equity method ( again refer to Note 20C instructions).

Thank you.

Regards,
Glenn S Sackett