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abc-20231231
http://www.abc.com/20231231#XYZReinsurerMember2018-03-012018-03-012014-03-012014-03-012010-03-012010-03-012018-02-282018-02-282014-02-282014-02-282010-02-012010-02-0101234567892023-01-012023-12-310123456789us-gaap:UniversalLifeMember2023-01-012023-12-31iso4217:USDxbrli:pure0123456789us-gaap:PropertyLiabilityAndCasualtyInsuranceSegmentMember2023-01-012023-12-310123456789Policy Issuance March 2018 through currentus-gaap:UniversalLifeMember2023-01-012023-12-310123456789us-gaap:TermLifeInsuranceMemberPolicy Issuance March 2018 through current2023-01-012023-12-310123456789us-gaap:UniversalLifeMemberPolicy Issuance March 2014 through February 20182023-01-012023-12-310123456789us-gaap:TermLifeInsuranceMemberPolicy Issuance March 2014 through February 20182023-01-012023-12-310123456789Policy Issuance March 2010 through February 2014us-gaap:UniversalLifeMember2023-01-012023-12-310123456789us-gaap:TermLifeInsuranceMemberPolicy Issuance March 2010 through February 20142023-01-012023-12-310123456789Policy Issuance February 2010 and priorus-gaap:UniversalLifeMember2023-01-012023-12-310123456789us-gaap:TermLifeInsuranceMemberPolicy Issuance February 2010 and prior2023-01-012023-12-310123456789us-gaap:LifeAndAnnuityInsuranceProductLineMember2023-01-012023-12-310123456789us-gaap:AccidentAndHealthInsuranceSegmentMember2023-01-012023-12-3101234567892023-12-31

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Version 1.0
March 2023





Insurance: Reinsurance-related Disclosures
(2023 GAAP Taxonomy)




GAAP Financial Reporting Taxonomy and SEC Reporting Taxonomy (collectively referred to as the “GAAP Taxonomy”)
Implementation Guide Series



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The GAAP Taxonomy Implementation Guide is not authoritative; rather, it is a document that communicates how the GAAP Financial Reporting Taxonomy (GRT) and the SEC Reporting Taxonomy (SRT) (collectively referred to as the “GAAP Taxonomy”) are designed. It also provides other information to help a user of the GAAP Taxonomy understand how elements and relationships are structured.
















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GAAP Taxonomy Implementation Guide on Reinsurance-related Disclosures for Insurance Companies
Overview
The purpose of this GAAP Taxonomy Implementation Guide (Guide) is to demonstrate the modeling for reinsurance-related disclosures of insurance companies, including retention related items, effects of reinsurance, and the supplemental schedule of reinsurance under FASB Accounting Standards Codification® Topic 944, Financial Services—Insurance. The examples in this Guide are not intended to encompass all of the potential modeling configurations or to dictate the appearance and structure of an entity’s extension taxonomy or disclosures in its financial statements. The examples are provided to help users of the GAAP Financial Reporting Taxonomy and the SEC Reporting Taxonomy (collectively referred to as the “GAAP Taxonomy”) understand how the modeling for reinsurance-related disclosures is structured within the GAAP Taxonomy. The examples are based on the assumption that the entity meets the criteria for reporting reinsurance-related disclosures under Generally Accepted Accounting Principles (GAAP) and/or U.S. Securities and Exchange Commission (SEC) authoritative literature. In addition, the reported line items within the examples do not include all reporting requirements and represent only partial disclosures and statements for illustrative purposes.
While constituents may find the information in the Guide useful, users looking for guidance to conform to SEC eXtensible Business Reporting Language (XBRL) filing requirements should look to the SEC EDGAR Filer Manual and other information provided on the SEC’s website at www.sec.gov/structureddata.
This Guide focuses on detail tagging only (Level 4); it does not include elements for text blocks, policy text blocks, and table text blocks (Levels 1—3).
There are two sections included in this Guide:

•Section 1: Overview of Modeling: This section provides an overview of the modeling for the reporting of reinsurance-related disclosures.

•Section 2: Examples of Modeling: This section includes examples of modeling for the reporting of reinsurance-related disclosures.

•Example 1—Disclosure of Information about Amounts Retained and Reinsured
•Example 2—Disclosure of Information by Reinsurance Contract
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•Example 3—Effects of Reinsurance
•Example 4—Supplemental Schedule of Reinsurance Information



















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General Information
(1)A legend for dimensions and domain members has been provided to associate with facts contained in the notes to the financial statements. Extension elements are coded using “Ex.” Legends specific to the examples are provided in Figure x.2 of each example.
CodingStandard LabelElement Name
A1Product and Service [Axis]ProductOrServiceAxis
Product and Service [Domain]ProductsAndServicesDomain
M1Universal Life [Member]Universal Life [Member]
M2Property, Liability and Casualty Insurance Product Line [Member]Property, Liability and Casualty Insurance Product Line [Member]
M3Term Life Insurance [Member]TermLifeInsuranceMember
M4Life and Annuity Insurance Product Line [Member]LifeAndAnnuityInsuranceProductLineMember
M5Accident and Health Insurance Product Line [Member]AccidentAndHealthInsuranceSegmentMember
A2Reinsurance Contract [Axis]ReinsuranceContractAxis
Policy Issuance March 2018 through current
Policy Issuance March 2014 through February 2018
Policy Issuance March 2010 through February 2014
Policy Issuance February 2010 and prior

(2)Elements that have an instant period type and elements that have a duration period type are indicated as such in Figure x.2 of each example. Instant elements have a single date context (such as December 31, 20XX), while duration elements have a starting and ending date as their context (such as January 1 through December 31, 20XX).

(3)The XBRL report view (Figure x.3 in each example) does not include all information that may appear in an entity’s instance document. The XBRL report view is provided for illustrative purposes only.

(4)For elements contained in the GAAP Taxonomy, the standard label is as it appears in the GAAP Taxonomy. For extension elements, the standard label corresponds to the element name. For information about structuring extension elements, see the SEC EDGAR Filer Manual.
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(5)Values reported in XBRL are generally entered as positive, with the exception of certain concepts such as net income (loss) or gain (loss).

(6)Preferred labels (Figure x.3 in each example) are the labels created and used by the entity to show the line-item captions in its financial statements.

(7)Additional information for values reported using extensible enumerations can be found in the GAAP Taxonomy Implementation Guide, Extensible Enumerations: A Guide for Preparers.


































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Section 1: Overview of Modeling
The expected variability in disclosures among filing entities for the descriptors used to distinguish a reinsurance contract requires a flexible modeling structure in the GAAP Taxonomy to accommodate the disclosure requirements. In Example 2, the typed dimension “Reinsurance Contract [Axis]” (A2) is used to provide a flexible structure for the reinsurance contract. The dimension is not restricted to a specific format for its members as it’s type allows string (text). Therefore, a filer can include various contract specific information. Also included in this modeling structure are line-item elements for contract period start date and end date.







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Section 2: Examples of Modeling

Example 1—Disclosure of Information about Amounts Retained and Reinsured
This example illustrates the modeling for disclosures reporting information related to reinsurance retention and amounts reinsured by a filer as the ceding entity. In a note on reinsurance, ABC Company discloses information related to reinsurance programs for two product lines on a per policy and per event basis.
ABC Company (ABC Co.) Reinsurance
Universal Life Insurance Reinsurance Program
For the year ended December 31, 20X0, ABC Co. retained up to $20 million[1] on any universal life insurance policy. As the amount retained varies by policy, ABC Co. reinsured approximately 25%[2] of the mortality risk on universal life insurance contracts.
Property and Casualty Reinsurance Program
Effective January 1, 20X0, ABC Co. entered into an excess of loss agreement for its property and casualty insurance products with XYZ Reinsurer[3] providing 90%[4] of reinsurance coverage up to $6 million[5] of reinsurance coverage in excess of its $3 million[6] retention on a per event basis.
Figure 1.1

_____________________________
Legend†:
†This legend, which is not part of the disclosure, is provided to illustrate the elements associated with values reported.

[1] L1, A1:M1                    [2] L2, A1:M1
[3] XL3, A1:M2                [4] L4, A1:M2
[5] L5, A1:M2                    [6] L6, A1:M2            


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The legend for the elements used to tag these facts follows:
Standard LabelBalance TypePeriod TypeElement Name
A1Product and Service [Axis]DurationProductOrServiceAxis
Product and Service [Domain]DurationProductsAndServicesDomain
M1Universal Life [Member]DurationUniversalLifeMember
M2Property, Liability and Casualty Insurance Product Line [Member]DurationPropertyLiabilityAndCasualtyInsuranceSegmentMember
L1Reinsurance, Amount Retained, Per PolicyCreditDurationReinsuranceRetentionAmountRetainedPerPolicy
L2Reinsurance, Reinsured Risk, PercentageDurationReinsuranceRetentionPolicyReinsuredRiskPercentage
XL3Reinsurer, Name [Extensible Enumeration]DurationReinsurerNameExtensibleEnumeration
L4Reinsurance, Excess Retention, PercentageDurationReinsuranceRetentionPolicyExcessRetentionPercentage
L5Reinsurance, Excess Retention, Amount Reinsured, Per EventDebitDurationReinsuranceRetentionExcessRetentionAmountReinsuredPerEvent
L6Reinsurance, Amount Retained, Per EventCreditDurationReinsuranceRetentionAmountRetainedPerEvent

Figure 1.2





























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The XBRL report view created using the modeling structure is provided here:
Standard LabelPreferred Label
Date Context20X0-01-01 to 20X0-12-31
Product and Service [Axis]Universal Life [Member]Property, Liability and Casualty Insurance Product Line [Member]
A1M1M2
L1Reinsurance, Amount Retained, Per PolicyRetention on any individual universal life insurance policy20000000
L2Reinsurance, Reinsured Risk, PercentagePercent of mortality risk reinsured on newly issued universal life insurance contracts0.25 
XL3Reinsurer, Name [Extensible Enumeration]http://www.abc.com/20X0#XYZReinsurerMember
L4Reinsurance, Excess Retention, PercentageReinsurance coverage on a per event basis in excess of retention0.90 
L5Reinsurance, Excess Retention, Amount Reinsured, Per EventReinsurance coverage in excess of retention6000000
L6Reinsurance, Amount Retained, Per EventRetention on per event basis3000000

Figure 1.3

























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Notes:
•An extensible enumeration element is used to convey the reinsurance is with one reinsurer. “Reinsurer, Name [Extensible Enumeration]” (XL3) is used to tag the fact value indicating the reinsurer name. If a filer shows information by more than one reinsurer within the filing in the same reporting date context, then the “Reinsurer, Name [Axis]” is intended to be used.

•The monetary line-item elements used in this example are on either a per policy or per event basis. If there is another basis that is not included in the GAAP Taxonomy, then an extension element specific to the particular basis is intended to be used.
























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Example 2—Disclosure of Information by Reinsurance Contract
This example illustrates the modeling for disclosures reporting information related to reinsurance retention amounts by reinsurance contract. In a note on reinsurance, ABC Company discloses information related to reinsurance contract issuance periods by product type and on a per life basis.

(in millions)
For the Year Ended December 31, 20X0
Retention amounts by reinsurance contract periodRetention amounts (per life) by product
March 2018 through current[1]
L7, A1:M1, A2:Policy Issuance March 2018 through currentUniversal Life$5.0 
L7, A1:M3, A2:Policy Issuance March 2018 through currentTerm Life$3.0 
March 2014 through February 2018[1]
L7, A1:M1, A2:Policy Issuance March 2014 through February 2018Universal Life$7.0 
L7, A1:M3, A2:Policy Issuance March 2014 through February 2018Term Life$4.0 
March 2010 through February 2014[1]
L7, A1:M1, A2:Policy Issuance March 2010 through February 2014Universal Life$9.0 
L7, A1:M3, A2:Policy Issuance March 2010 through February 2014Term Life$6.0 
February 2010 and prior[1]
L7, A1:M1, A2:Policy Issuance February 2010 and priorUniversal Life$1.0 
L7, A1:M3, A2:Policy Issuance February 2010 and priorTerm Life$2.0 
Image6.jpg
Figure 2.1
_____________________________
Legend†:
†This legend, which is not part of the disclosure, is provided to illustrate the elements associated with values reported.

[1] For the reinsurance contract issuance period, L8 is used to tag the start date and L9 is used to tag the end date.

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The legend for the elements used to tag these facts follows:

Standard LabelBalance TypePeriod TypeElement Name
A1Product and Service [Axis]DurationProductOrServiceAxis
Product and Service [Domain]DurationProductsAndServicesDomain
M1Universal Life [Member]DurationUniversalLifeMember
M3Term Life Insurance [Member]DurationTermLifeInsuranceMember
A2Reinsurance Contract [Axis]DurationReinsuranceContractAxis
Policy Issuance March 2018 through current
Policy Issuance March 2014 through February 2018
Policy Issuance March 2010 through February 2014
Policy Issuance February 2010 and prior
L7Reinsurance, Amount Retained, Per LifeCreditDurationReinsuranceRetentionAmountRetainedPerLife
L8Reinsurance, Date of Contract Period StartDurationReinsuranceRetentionContractPeriodStartDate
L9Reinsurance, Date of Contract Period EndDurationReinsuranceRetentionContractPeriodEndDate

Figure 2.2












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The XBRL report view created using the modeling structure is provided here:
Date Context20X0-01-01 to 20X0-12-31
Reinsurance Contract [Axis]Policy Issuance March 2018 through currentPolicy Issuance March 2014 through February 2018Policy Issuance March 2010 through February 2014Policy Issuance February 2010 and prior
A2
Product and Service [Axis]Universal Life [Member]Term Life Insurance [Member]Universal Life [Member]Term Life Insurance [Member]Universal Life [Member]Term Life Insurance [Member]Universal Life [Member]Term Life Insurance [Member]
A1M1M3M1M3M1M3M1M3
L7Reinsurance, Amount Retained, Per Life50000003000000700000040000009000000600000010000002000000
L8Reinsurance, Date of Contract Period Start2018-03-012018-03-012014-03-012014-03-012010-03-012010-03-01nilnil
L9Reinsurance, Date of Contract Period Endnilnil2018-02-282018-02-282014-02-282014-02-282010-02-012010-02-01
Figure 2.3
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Notes:
•The typed dimension “Reinsurance Contract [Axis]” (A2) is used to provide a flexible structure for the reinsurance contracts. This dimension is not restricted to a specific format for its members as its type allows string (text). Therefore, filing entities are able to include various contract specific information. In this example, the policy issuance period is used to distinguish the reinsurance contracts and to associate related facts together.

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Example 3—Effects of Reinsurance
This example illustrates the modeling for a disclosure of the effects of reinsurance on premiums and losses.
(in thousands)
For the year ended December 31, 20X0
Direct insurance, life and annuitiesL10, A1:M4$5,811 
Direct insurance, accident and healthL10, A1:M51,186 
Direct insurance premiumsL106,997 
Reinsurance assumedL1110 
Reinsurance cededL121,276 
Total insurance premiumsL13$5,731 
Direct insurance benefitsL14$4,897 
Reinsurance recoveries netted against benefitsL151,552 
Total benefitsL16$3,345 

Figure 3.1

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The legend for the elements used to tag these facts follows:
Standard LabelBalance typePeriod TypeElement Name
A1Product and Service [Axis]DurationProductOrServiceAxis
Product and Service [Domain]DurationProductsAndServicesDomain
M4Life and Annuity Insurance Product Line [Member]DurationLifeAndAnnuityInsuranceProductLineMember
M5Accident and Health Insurance Product Line [Member]DurationAccidentAndHealthInsuranceSegmentMember
L10Direct Premiums EarnedCreditDurationDirectPremiumsEarned
L11Assumed Premiums EarnedCreditDurationAssumedPremiumsEarned
L12Ceded Premiums EarnedDebitDurationCededPremiumsEarned
L13Premiums Earned, NetCreditDurationPremiumsEarnedNet
L14Policyholder Benefits and Claims Incurred, DirectDebitDurationPolicyholderBenefitsAndClaimsIncurredGross
L15Policyholder Benefits and Claims Incurred, CededCreditDurationReinsuranceEffectOnClaimsAndBenefitsIncurredAmountCeded
L16Policyholder Benefits and Claims Incurred, NetDebitDurationPolicyholderBenefitsAndClaimsIncurredNet

Figure 3.2


15

The XBRL report view created using the modeling structure is provided here:
Standard LabelPreferred Label
Date Context20X0-01-01 to 20X0-12-31
Product and Service [Axis]Life and Annuity Insurance Product Line [Member]Accident and Health Insurance Product Line [Member]Report-wide Value
A1M4M5
L10Direct Premiums EarnedDirect insurance premiums581100011860006997000
L11Assumed Premiums EarnedReinsurance assumed10000
L12Ceded Premiums EarnedReinsurance ceded1276000
L13Premiums Earned, NetTotal insurance premiums5731000
L14Policyholder Benefits and Claims Incurred, DirectDirect insurance benefits4897000
L15Policyholder Benefits and Claims Incurred, CededReinsurance recoveries netted against benefits1552000
L16Policyholder Benefits and Claims Incurred, NetTotal benefits3345000

Figure 3.3


16

Notes:
•Report-wide values (which are not qualified with members on the “Product and Service [Axis]” (A1)) are the same as those presented in the primary financial statements and in the supplemental schedule of reinsurance information.
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Example 4—Supplemental Schedule of Reinsurance Information
This example illustrates the modeling for disclosure of information included in the Supplemental Schedule of Reinsurance Information.
Schedule IV
Consolidated Reinsurance
(in thousands, except percentages)
For the year ended December 31, 20X0
DescriptionGross
Amount		Ceded to Other CompaniesAssumed from Other CompaniesNet
Amount		Percentage of Amount Assumed to Net
Individual life insurance in forceL18$881,100 L19$331,700 L20$2,800 L21$552,200 L220.5 %
Premiums:
A1:M4Life insurance and annuitiesL10$5,811 L12$1,252 L11$10 L13$4,569 L170.2 %
A1:M5Accident and health insuranceL101,186 L1224 L11— L131,162 L17— %
Total premiumsL10$6,997 L12$1,276 L11$10 L13$5,731 

Figure 4.1


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The legend for the elements used to tag these facts follows:
Standard LabelBalance typePeriod TypeElement Name
A1Product and Service [Axis]DurationProductOrServiceAxis
Product and Service [Domain]DurationProductsAndServicesDomain
M4Life and Annuity Insurance Product Line [Member]DurationLifeAndAnnuityInsuranceProductLineMember
M5Accident and Health Insurance Product Line [Member]DurationAccidentAndHealthInsuranceSegmentMember
L10Direct Premiums EarnedCreditDurationDirectPremiumsEarned
L11Assumed Premiums EarnedCreditDurationAssumedPremiumsEarned
L12Ceded Premiums EarnedDebitDurationCededPremiumsEarned
L13Premiums Earned, NetCreditDurationPremiumsEarnedNet
L17SEC Schedule, 12-17, Insurance Companies, Reinsurance, Premium, Percentage Assumed to NetDurationPremiumsPercentageAssumedToNet
L18SEC Schedule, 12-17, Insurance Companies, Reinsurance, Life Insurance in Force, GrossCreditInstantLifeInsuranceInForceGross
L19SEC Schedule, 12-17, Insurance Companies, Reinsurance, Life Insurance in Force, CededDebitInstantLifeInsuranceInForceCeded
L20SEC Schedule, 12-17, Insurance Companies, Reinsurance, Life Insurance in Force, AssumedCreditInstantLifeInsuranceInForceAssumed
L21SEC Schedule, 12-17, Insurance Companies, Reinsurance, Life Insurance in Force, NetCreditInstantLifeInsuranceInForceNet
L22SEC Schedule, 12-17, Insurance Companies, Reinsurance, Life Insurance in Force, Percentage Assumed to NetInstantLifeInsuranceInForcePercentageAssumedToNet

Figure 4.2

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The XBRL report view created using the modeling structure is provided here:
Standard LabelPreferred Label
Date Context20X3-12-31
Report-wide Value
L18SEC Schedule, 12-17, Insurance Companies, Reinsurance, Life Insurance in Force, GrossIndividual Life Insurance in Force, Gross881100000
L19SEC Schedule, 12-17, Insurance Companies, Reinsurance, Life Insurance in Force, CededIndividual Life Insurance in Force, Ceded to Other Companies331700000
L20SEC Schedule, 12-17, Insurance Companies, Reinsurance, Life Insurance in Force, AssumedIndividual Life Insurance in Force, Assumed from Other Companies2800000
L21SEC Schedule, 12-17, Insurance Companies, Reinsurance, Life Insurance in Force, NetIndividual Life Insurance in Force, Net552200000
L22SEC Schedule, 12-17, Insurance Companies, Reinsurance, Life Insurance in Force, Percentage Assumed to NetIndividual Life Insurance in Force, Percentage of Amount Assumed to Net0.005

Figure 4.3a

Standard LabelPreferred Label
Date Context20X0-01-01 to 20X0-12-31
Product and Service [Axis]Life and Annuity Insurance Product Line [Member]Accident and Health Insurance Product Line [Member]Report-wide Value
A1M4M5
L10Direct Premiums EarnedPremiums, Gross581100011860006997000
L12Ceded Premiums EarnedPremiums, Ceded to Other Companies1252000240001276000
L11Assumed Premiums EarnedPremiums, Assumed from Other Companies10000010000
L13Premiums Earned, NetPremiums, Net456900011620005731000
L17SEC Schedule, 12-17, Insurance Companies, Reinsurance, Premium, Percentage Assumed to NetPremiums, Percentage of Amount Assumed to Net0.0020

Figure 4.3b
20

Notes:
•Report-wide values (which are not qualified with members on the “Product and Service [Axis]” (A1)) are the same as those presented in the primary financial statements and in the supplemental schedule of reinsurance information.
•The members (M4 and M5) on the “Product and Service [Axis]” (A1), and certain line-item elements (L10 through L13) are the same as those utilized to tag the “Effects of Reinsurance” note in Example 3.
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