CECL Could Become Part of STAT

By Hailey Ross, Jason Woleben of S&P Global

An insurer’s worst accounting nightmare? CECL could become part of statutory accounting.

Imagine recording a reserve for lifetime expected losses on all bonds and mortgages held, as well as reinsurance receivables. Now, imagine that reserve degrading income and surplus. The NAIC will have fun debating this, as they don’t want to be less conservative than GAAP.

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Deck: 
CECL Could Become Part of STAT

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