Additional capital contributions

corysmithmcorysmithm
in Odomirok.8-9-IS

When calculating direct charges to surplus, which is a component added to get surplus for CY, we need to include additional capital contributions. These capital contributions include ****change ****in surplus notes and ****change ****in surplus paid-in.

For IRIS 8, when we are calculating adjusted surplus, we subtract out ****change**** in surplus notes but only subtract out surplus&capital change paid-in/transferred. Can you help me understand why we don't subtract out the change in the surplus&capital change paid-in/transferred like we do in the calculation for surplus_CY?

Thanks!

Comments

  • Staff - ACStaff - AC

    Income Statement line 31 is "capital changes," and line 32 is "surplus adjustments," both paid-in and transferred.

    IRIS 8 text names adjustments for capital and surplus, paid-in or transferred.

    The use of "change" in line 31 simply refers to a separate cumulative account kept for this item, the calendar year change in which is used for the adjustment. IRIS 8 refers to the same concept: the amount that came in or went out during the calendar year. While using different wording, they refer to the same thing.

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