Investment Accounting and Reporting

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What you will learn:

Participants will gain an understanding of the investment accounting and financial reporting requirements for P&C insurance companies. The primary focus will be on the statutory reporting environment, but GAAP and federal income taxation rules for investments also will be addressed. Emphasis will be given to new accounting and reporting guidelines, such as the expanded guidance on fair value measurements (SSAP 100).

Seminar content:

• Industry financial statements and portfolio characteristics
• Filings with the NAIC Securities Valuation Office
  • Filing exemption guidelines
• Bonds and stocks
  • Accounting and valuation guidelines
  • Schedule D preparation
  • Special issues, including loan-backed securities and other-than-temporary impairments
• Real estate, mortgage loans, other invested assets, short-term investments, cash and cash equivalents
  • Accounting and valuation guidelines
  • Schedule A, B, BA, DA and E preparation
• Investment income exhibits
• Summary Investment Schedule
• Supplemental Investment Risk Interrogatories
• Federal income taxation of investment income
• Invested asset risk component of risk-based capital formula

Field of Study: Accounting

Who Should Attend:

Schedule D preparers, investment managers and staff, and others interested in the accounting and financial reporting for invested assets in P&C insurance companies.

Prerequisites:

No advance preparation or prerequisite is required for this introductory seminar. Those who would benefit from an introduction to the accounting and reporting for the operations of a P&C insurance company should consider combining this seminar with the one-day Overview of Statutory Financial Reporting, conveniently scheduled to precede this seminar.

Class Times:

Class begins at 8:30 a.m. and ends at 5:00 p.m. on the first day and at 3:00 p.m. on the second day.

Estimated CPE Credit: 14.0 hours

Tuition: $1495

Note(s):

Conveniently preceded by the Overview of Statutory Financial Reporting seminar, which may be added for only $695, a $500 savings.

Upcoming seminar dates and locations:

All seminar dates for the full year are listed below.