Reinsurance Accounting: Schedule F

Schedule F discloses an insurers reinsurance transactions for both ceded business and assumed business. It is one of the most complex schedules in the Annual Statement, having grown from its original focus on unauthorized reinsurance to cover overdue loss recoverables, amounts in dispute, and a restatement of the statutory balance sheet. The complete rewrite of Schedule F for the 1993 Annual Statement heightened the need for clear documentation of these statutory exhibits, which this paper provides.