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BE-140
OMB No. 0608-0073:
(REV. 06/2023)
BE-140 Identification Number
2023 BENCHMARK SURVEY OF INSURANCE TRANSACTIONS BY U.S.
INSURANCE COMPANIES WITH FOREIGN PERSONS
Due date:
July 31, 2024
Name and address of U.S. Reporter
00080 Company Name:
0
Extension information:
See Part V, page 26 of the General
Instructions.
00080 In care of:
1
Electronic filing:
www.bea.gov/efile
00090 Attention:
0
Mail via U.S. Postal Service:
Bureau of Economic Analysis
Balance of Payments Division, BE-50 (SSB)
4600 Silver Hill Rd.
Washington, DC 20233
Send via Private Express Delivery:
Bureau of Economic Analysis
Balance of Payments Division, BE-50 (SSB)
4600 Silver Hill Rd.
Suitland, MD 20746
Fax reports to:
(301) 278-9506
10000 Address:
0
10001 City
0
10002 State
0
10003 Zip
0
Assistance:
E-mail: [email protected]
Telephone: (301) 278-9303
FAQs, tools, and blank forms: www.bea.gov/be140
BE-140 Filing Requirements:
• A BE-140 survey is required of each U.S. insurance company that had insurance transactions with foreign persons in the categories covered by the survey during the 2023 calendar year. Any U.S. insurance company that did not have covered transactions with
foreign persons is required to complete the survey through page 5, if notified by BEA about the survey.
• Any U.S. insurance company whose combined insurance transactions with foreign persons exceeded $2 million (based on absolute
value) in the insurance categories covered by the survey during calendar year 2023, on an accrual basis, is required to provide data
on the total transactions of each of the covered types of insurance transactions and must disaggregate the totals by country and by
relationship to the foreign counterparty (foreign affiliate, affiliated foreign group, or unaffiliated foreign person).
• Any U.S. insurance company that had transactions with foreign persons during calendar year 2023 that were $2 million or less
(based on absolute value) is required to provide data on total transactions.
Authority, Confidentiality, Penalties
This survey is being conducted under the International Investment and Trade in Services Survey Act (P.L. 94-472, 90 Stat. 2059, 22
U.S.C. 3101-3108, as amended - hereinafter “the Act”). The filing of reports is mandatory, and the Act provides that your report to BEA is
confidential. Persons who fail to report may be subject to penalties. See page 25 of the General Instructions for additional details.
Contact Information
Provide information of person to consult about this report:
Telephone number
Name
0
0
10008
10004
E-mail address
Extension
(—
— —) — — — - — — — —
(—
— —) — — — - — — — —
Fax number
0
0
10010
10009
— — — —
NOTE: BEA uses a Secure Messaging System to correspond with you via encrypted message to discuss questions relating to this form.
We may use your e-mail address for survey-related announcements and to inform you about secure messages. When communicating
with BEA by e-mail, please do not include any confidential business or personal information.
Certification
The undersigned official certifies that this report has been prepared in accordance with the applicable instructions, is complete, and is
substantially accurate including estimates that may have been provided.
Signature of authorized official
Date
Telephone number
0
10012
Name
0
10011
Title
(—
—
—)
Extension
— — — - — — — —
— — — —
Identification of U.S. Reporter
Report all information based on the operations of the consolidated domestic U.S. Reporter. Consolidated domestic U.S. Reporter means
the fully consolidated domestic U.S. enterprise consisting of (i) the U.S. corporation whose voting securities are not owned more than 50
percent by another U.S. corporation, and, proceeding down each ownership chain from that U.S. corporation, (ii) any U.S. corporation whose
voting securities are more than 50 percent owned by the U.S. corporation above it. The fully consolidated domestic U.S. enterprise excludes
foreign branches and other foreign affiliates.
1
What was the status of the U.S. Reporter during the 2023 calendar year?
10017
1
1
1
2
■ In existence the entire reporting period — Continue filling out this form.
■ In existence during only part of the reporting period — Continue filling out this form for the portion of the reporting
period the U.S. Reporter was in existence and, in the comments section below, explain why it did not exist for part of
the period.
1
■ Not in existence during the reporting period — In the comments section below, explain why your company was not in
3
existence during the reporting period. Please return the form according to the instructions on page 1.
2 Was the U.S. Reporter owned more than 50 percent by another U.S. entity or business enterprise at any
point during the 2023 calendar year?
See Part IV.E of the General Instructions on page 23 for the definition of business enterprise.
10018
■ No — Continue filling out this form.
1
1
1
2
■ Yes — Check A or B:
2
1 ■ A – Owned by another U.S. entity or business enterprise for part of the reporting period — Enter
the name, contact information, and address of the controlling U.S. entity below and continue
filling out this form, but only report transactions for the period during which the U.S. Reporter was
NOT owned by another U.S. entity. Provide any comments in the section below.
2
2
■ B – Owned by another U.S. entity or business enterprise for the entire reporting period — Enter
the name, contact information, and address of the controlling U.S. entity below, provide any
comments in the section below, and return this form according to the instructions on page 1.
Name
Comments
0
10022
Contact name
0
10023
10024 Telephone number
0
Address — Number and street
10025
0
City, State, Zip
0
10026
3 What best describes the U.S. Reporter’s organization?
10021
■ Insurance Company
2 ■ Insurance Broker
1
3 ■ Insurance Group — Please attach a list of member companies that are consolidated in this report, or enter in the
1
1
1
comment box adjacent to question 2 .
4 What is the primary Employer Identification Number (EIN) used by the U.S. Reporter to file U.S. income
or payroll taxes?
10016
1
___ ___ – ___ ___ ___ ___ ___ ___ ___
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Page 2
www.bea.gov
FORM BE-140 (REV. 06/2023)
Determination of Reporting Status
Determining Reportable and Non-Reportable Transactions
The scope of this survey is limited to insurance transactions between the consolidated domestic U.S. Reporter and foreign persons*. A full list of the
services covered can be found on page 5. Additional information, including FAQ’s and video tutorials, can be found at: www.bea.gov/be140.
REPORT transactions
between the U.S. Reporter
and all foreign persons,
regardless of the relationship
between the U.S. Reporter
and the foreign persons. See
page 13 for more information
on reporting relationships.
DO NOT REPORT
transactions between the
U.S. Reporter’s foreign
affiliates or foreign parent
group and other foreign
persons.
DO REPORT:
✓ Transactions between your consolidated domestic U.S. operations and all foreign persons, regardless of affiliation, including inter-company
transactions that you may not consider transactions under global consolidation.
DO NOT REPORT:
✖ Transactions between the U.S. Reporter’s foreign affiliates and other foreign persons.
✖ Transactions between other U.S. persons and foreign affiliates of the U.S. Reporter.
✖ Transactions between the U.S. Reporter’s domestic operations and other U.S. persons.
✖ Income on financial instruments (including interest, dividends, capital gains, etc.).
More information about the scope and purpose of this survey can be found in the General Instructions beginning on page 22.
* Person(s), when used throughout this survey, means any individual, branch, partnership, associated group, association, estate, trust, corporation,
or other organization (whether or not organized under the laws of any State), and any government (including a foreign government, the United States
Government, a state or local government, and any agency, corporation, financial institution, or other entity or instrumentality thereof, including a
government sponsored agency).
➙ Continue to the next page
●
FORM BE-140 (REV. 06/2023)
www.bea.gov
Page 3
Determination of Reporting Status
Survey Coverage and Reporting Instructions
The table below outlines the types of insurance transactions covered by this survey. Some of the reporting requirements in this survey
are based on the values U.S. Reporter’s transactions with foreign persons during its 2023 calendar year in the categories listed. Use the
instructions provided to complete the rest of the survey.
Transaction
code
Transaction Type
1
Premiums earned on reinsurance assumed from insurance companies resident abroad
2
Losses incurred on reinsurance assumed from insurance companies resident abroad
3
Premiums incurred on reinsurance ceded to insurance companies resident abroad
4
Losses recovered on reinsurance ceded to insurance companies resident abroad
5
Premiums earned from primary insurance sold to foreign persons
6
Losses incurred on primary insurance sold to foreign persons
7
Receipts for auxiliary insurance services provided to foreign persons
8
Payments for auxiliary insurance services provided by foreign persons
How to calculate transaction codes 1–4
For property and casualty insurance companies
Calculate premiums (transaction codes 1 and 3) as follows: Premiums written (transaction code 1) or ceded (transaction code 3) during 2023,
plus unearned premiums at the beginning of the year, minus unearned premiums at the end of the year. Report premiums net of cancellations.
Report premiums gross of commissions and profit commissions paid to or received from foreign persons, including commissions initially paid to
or received from a U.S. intermediary (agent or broker) of a foreign person.
Calculate losses (transaction codes 2 and 4) as follows: Losses paid (transaction code 2) or recovered (transaction code 4) during 2023, plus
case reserves at the end of the year, plus losses incurred but not reported at the end of the year, minus case reserves at the beginning of the
year, minus losses incurred but not reported at the beginning of the year. Losses paid or recovered should not include loss adjustment expenses
(reportable on Schedule B).
For life insurance companies
Premiums received (transaction code 1) and paid (transaction code 3) reflect premiums accrued on reinsurance assumed from or ceded to
insurance companies resident abroad. These amounts, therefore, are adjusted for changes in due, deferred, and advanced premiums for each
year. Report premiums gross of commissions and profit commissions paid to or received from foreign persons, including commissions initially
paid to or received from a U.S. intermediary (agent or broker) of a foreign person.
Losses paid (transaction code 2) and recovered (transaction code 4) reflect policy claims on reinsurance assumed or ceded, adjusted for
changes in claims due, unpaid, and in the course of settlement.
How to calculate transaction codes 5 and 6
For property and casualty insurance companies
Calculate premiums (transaction code 5) as follows: Premiums written during 2023, plus unearned premiums at the beginning of the year,
minus unearned premiums at the end of the year. Report premiums net of cancellations. Report premiums gross of commissions and profit
commissions paid to or received from foreign persons, including commissions initially paid to or received from a U.S. intermediary (agent or
broker) of a foreign person.
Calculate losses incurred (transaction code 6) as follows: Losses paid during 2023, plus case reserves at the end of the year, plus losses
incurred but not reported at the end of the year, minus case reserves at the beginning of the year, minus losses incurred but not reported at the
beginning of the year. Losses paid or recovered should not include loss adjustment expenses (reportable under transaction codes 7 and 8).
For life insurance companies
Report premiums earned (transaction code 5). These amounts should be adjusted for changes in due, deferred, and advanced premiums for
2023. Report premiums gross of commissions and profit commissions paid to foreign persons, including commissions initially paid to a U.S.
intermediary (agent or broker) of a foreign person.
Calculate transaction code 6 as follows: Losses incurred reflect policy claims on primary insurance assumed, adjusted for changes in claims
due, unpaid, and in the course of settlement.
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Page 4
www.bea.gov
FORM BE-140 (REV. 06/2023)
Determination of Reporting Status – Continued
5 Did the U.S. Reporter have any transactions in the insurance types listed on the previous page with foreign
persons during the 2023 calendar year?
21000 1
2
■ Yes — Continue to the next question.
■ No — STOP here and return the form according to the instructions on page 1 (eFile users- click save/submit form and
follow the prompts as indicated).
6 Use the instructions on the previous page to calculate and report total amounts for the following types of
insurance transactions between the U.S. Reporter and foreign persons* during the 2023 calendar year.
IMPORTANT - Report all currency amounts in thousands of U.S. dollars (omitting 000). Round amounts less than $500.00 to 0.
Bil.
Example: If the amount is $1,334,550.00, report as...............................................
Transaction
code
$
Thous.
Dols.
1
335
000
Amount
Transaction Type
Bil.
1
Premiums earned on reinsurance assumed from insurance companies
resident abroad
1
2
Losses incurred on reinsurance assumed from insurance companies
resident abroad
1
3
Premiums incurred on reinsurance ceded to insurance companies resident
abroad
1
4
Losses recovered on reinsurance ceded to insurance companies resident
abroad
1
5
Premiums earned from primary insurance sold to foreign persons
6
Mil.
1
Losses incurred on primary insurance sold to foreign persons
7
Receipts for auxiliary insurance services provided to foreign persons
8
Payments for auxiliary insurance services provided by foreign persons
Mil.
Thou.
Dols.
21001
$
000
21002
$
000
21003
$
000
21004
$
000
21005
$
000
21006
$
000
21007
$
000
21008
$
000
21009
$
000
1
1
1
1
1
Total
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FORM BE-140 (REV. 06/2023)
www.bea.gov
Page 5
Identification of U.S. Reporter – Continued
7 What range below represents the consolidated domestic U.S. Reporter’s number of U.S. employees at the
end of 2023?
Include all full-time and part-time U.S. employees of the consolidated domestic U.S. Reporter, but exclude temporary and
contract employees not included on your payroll records. A count taken at some other date during the reporting period may
be used if it is a reasonable estimate of employees on the payroll at the end of 2023. If the number of employees at the end
of 2023 (or when the count was taken) was unusually high or low due to temporary factors (e.g., a strike), select the range
of employees that reflects normal operations. If the number of employees fluctuates widely during the year due to seasonal
business variations, select the average number of employees on the payroll during calendar year 2023. Base such an
average on the number of employees on the payroll at the end of each pay period, month or quarter.
11014
1
1
1
2
1
3
8
1
4
1
5
■ 0 employees (e.g. Sole Proprietorship) 6 ■ 250-499 employees
1
7 ■ 500-999 employees
■ 1-19 employees
1
8 ■ 1,000-9,999 employees
■ 20-49 employees
1
9 ■ More than 9,999 employees
■ 50-99 employees
■ 100-249 employees
1
Using
the summary of NAICS classifications on the next page, as well as the example below, enter the
4-digit code that best describes the primary sales activity of the consolidated domestic U.S. Reporter.
After entering your response, continue to page 8.
Consolidated domestic U.S. Reporter means the fully consolidated domestic U.S. enterprise consisting of (i) the U.S.
corporation whose voting securities are not owned more than 50 percent by another U.S. corporation, and, proceeding down
each ownership chain from that U.S. corporation, (ii) any U.S. corporation whose voting securities are more than 50 percent
owned by the U.S. corporation above it. The fully consolidated domestic U.S. enterprise excludes foreign branches and other
foreign affiliates.
11008
__ __ __ __
EXAMPLE FOR DETERMINING PRIMARY SALES ACTIVITY (NAICS CODE)
Report the NAICS code that best describes the primary sales activity of the consolidated domestic U.S. Reporter. For
example, if 60% of the consolidated domestic U.S. Reporter’s sales are generated by Affiliate A, a direct life insurance carrier
(NAICS 5249), and 40% of the consolidated domestic U.S. Reporter’s sales are generated by Affiliate B, who is engaged in
brokerage and other insurance related activities (NAICS 5242), then you should report your NAICS as 5249.
Consolidated domestic
U.S. Reporter
($100 million Total Sales)
1
U.S. Affiliate A
NAICS 5249
($60 Million Total Sales)
Use NAICS 5249 because the
majority of the consolidated
domestic U.S. Reporter’s sales
(60%) come from U.S. Affiliate A.
U.S. Affiliate B
NAICS 5242
($40 Million Total Sales)
➙ Continue to the next page
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Page 6
www.bea.gov
FORM BE-140 (REV. 06/2023)
Summary of Industry Classifications – For a full explanation of each code see www.bea.gov/naics2022
Agriculture, Forestry, Fishing, and Hunting
1110
1120
1130
1140
1150
Crop production
Animal production and aquaculture
Forestry and logging
Fishing, hunting, and trapping
Support activities for agriculture and forestry
Mining, Quarrying, and Oil & Gas
Extraction
2111
2121
2123
2124
2125
2126
2127
2132
2133
Oil and gas extraction
Coal
Nonmetallic minerals
Iron ores
Gold and silver ores
Copper, nickel, lead, and zinc ores
Other metal ores
Support activities for oil and gas operations
Support activities for mining, except
for oil and gas operations
Utilities
2211
2212
2213
Electric power generation,
transmission, and distribution
Natural gas distribution
Water, sewage, and other systems
Construction
2360 Construction of buildings
2370 Heavy and civil engineering construction
2380 Specialty trade contractors
Manufacturing
3111
3112
3113
3114
3115
3116
3117
3118
3119
3121
3122
3130
3140
3150
3160
3210
3221
3222
3231
3242
3243
3244
3251
3252
3253
3254
3255
3256
3259
3261
3262
3271
3272
3273
3274
3279
3311
3312
3313
3314
3315
3321
3322
3323
3324
3325
3326
3327
3328
3329
3331
Animal food manufacturing
Grain and oilseed milling
Sugar and confectionery products
Fruit and vegetable preserving and
specialty foods
Dairy products
Meat products
Seafood product preparation and packaging
Bakeries and tortilla manufacturing
Other food products
Beverages
Tobacco
Textile mills
Textile product mills
Apparel
Leather and allied products
Wood products
Pulp, paper, and paperboard mills
Converted paper products
Printing and related support activities
Integrated petroleum refining and extraction
Petroleum refining without extraction
Asphalt and other petroleum and
coal products
Basic chemicals
Resins, synthetic rubbers, and artificial
and synthetic fibers and filaments
Pesticides, fertilizers, and other
agricultural chemicals
Pharmaceuticals and medicines
Paints, coatings, and adhesives
Soap, cleaning compounds, and
toilet preparations
Other chemical products and preparations
Plastics products
Rubber products
Clay products and refractories
Glass and glass products
Cement and concrete products
Lime and gypsum products
Other nonmetallic mineral products
Iron and steel mills
Steel products from purchased steel
Alumina and aluminum production
and processing
Nonferrous metal (except aluminum)
production and processing
Foundries
Forging and stamping
Cutlery and hand tools
Architectural and structural metals
Boilers, tanks, and shipping containers
Hardware
Spring and wire products
Machine shop products, turned products, and
screws, nuts, and bolts
Coating, engraving, heat treating,
and allied activities
Other fabricated metal products
Agriculture, construction, and mining machinery
FORM BE-140 (REV. 06/2023)
3332
3333
3334
3335
3336
3339
3341
3342
3343
3344
3345
3346
3351
3352
3353
3359
3361
3362
3363
3364
3365
3366
3369
3370
3391
3399
Information
Industrial machinery
Commercial and service industry machinery
Ventilation, heating, air-conditioning,
and commercial refrigeration equipment
Metalworking machinery
Engines, turbines, and power
transmission equipment
Other general purpose machinery
Computer and peripheral equipment
Communications equipment
Audio and video equipment
Semiconductors and other
electronic components
Navigational, measuring, electromedical,
and control instruments
Manufacturing and reproducing
magnetic and optical media
Electric lighting equipment
Household appliances
Electrical equipment
Other electrical equipment and components
Motor vehicles
Motor vehicle bodies and trailers
Motor vehicle parts
Aerospace products and parts
Railroad rolling stock
Ship and boat building
Other transportation equipment
Furniture and related products
Medical equipment and supplies
Other miscellaneous manufacturing
5121 Motion picture and video industries
5122 Sound recording industries
5131 Newspaper, periodical, book, and directory publishers
5132 Software publishers
5161 Radio and television broadcasting stations
5162 Media streaming distribution services, social networks, and
other media networks and content providers
5171 Wired and wireless telecommunications (except satellite)
5174 Satellite telecommunications
5178 All other telecommunications
5182 Computing infrastructure providers, data processing, web
hosting, and related services
5192 Web search portals, libraries, archives, and other information
services
Finance and Insurance
5221 Depository credit intermediation (Banking)
5223 Activities related to credit intermediation
5224 Non-depository credit intermediation, except
branches and agencies
5229 Non-depository branches and agencies
5231 Securities and commodity contracts
intermediation and brokerage
5238 Other financial investment activities and
exchanges
5242 Agencies, brokerages, and other insurance
related activities
5243 Insurance carriers, except direct life insurance carriers
5249 Direct life insurance carriers
5252 Funds, trusts, and other finance vehicles
Real Estate and Rental and Leasing
Wholesale Trade, Durable Goods
4231 Motor vehicles and motor vehicle parts and
supplies
4232 Furniture and home furnishing
4233 Lumber and other construction materials
4234 Professional and commercial
equipment and supplies
4235 Metal and mineral (except petroleum)
4236 Household appliances, and electrical and
electronic goods
4237 Hardware, and plumbing and heating
equipment and supplies
4238 Machinery, equipment, and supplies
4239 Miscellaneous durable goods
Wholesale Trade, Non-Durable Goods
4241
4242
4243
4244
4245
4246
4247
4248
4249
Paper and paper product
Drugs and druggists’ sundries
Apparel, piece goods, and notions
Grocery and related product
Farm product raw material
Chemical and allied products
Petroleum and petroleum products
Beer, wine, and distilled alcoholic beverage
Miscellaneous nondurable goods
Wholesale Trade Agents and Brokers
4251 Wholesale trade agents and brokers
Retail Trade
4410
4440
4450
4491
4492
4550
4561
4571
4572
4580
Motor vehicle and parts dealers
Building material and garden equipment
and supplies dealers
Food and beverage retailers
Furniture and home furnishings retailers
Electronics and appliance retailers
General merchandise retailers
Health and personal care retailers
Gasoline stations
Fuel dealers
Clothing, clothing accessories, shoe, and
jewelry retailers
4591 Sporting goods, hobby, and musical instrument
retailers
4592 Book retailers and news dealers
4596 Miscellaneous retailers
Transportation and Warehousing
4810
4821
4833
4839
4840
4850
4863
4868
4870
4880
4920
4932
4939
Air transportation
Rail transportation
Petroleum tanker operations
Other water transportation
Truck transportation
Transit and ground passenger transportation
Pipeline transportation of crude oil,
refined petroleum products, and natural gas
Other pipeline transportation
Scenic and sightseeing transportation
Support activities for transportation
Couriers and messengers
Petroleum storage for hire
Other warehousing and storage
5310
5321
5329
5331
Real estate
Automotive equipment rental and leasing
Other rental and leasing services
Lessors of nonfinancial intangible assets,
except copyrighted works
Professional, Scientific, and Technical Services
5411
5412
5413
5414
5415
5416
5417
5418
5419
Legal services
Accounting, tax preparation, bookkeeping,
and payroll services
Architectural, engineering, and related services
Specialized design services
Computer systems design and related services
Management, scientific, and technical consulting services
Scientific research and development services
Advertising, public relations, and related services
Other professional, scientific, and technical services
Management of Companies and Enterprises
5512 Holding companies, except bank holding companies
5513 Corporate, subsidiary, and regional management offices
Administrative and Support, Waste
Management, and Remediation Services
5611
5612
5613
5614
5615
5616
5617
5619
5620
Office administrative services
Facilities support services
Employment services
Business support services
Travel arrangement and reservation services
Investigation and security services
Services to buildings and dwellings
Other support services
Waste management and remediation services
Educational Services
6110 Educational services
Health Care and Social Assistance
6210
6220
6230
6240
Ambulatory health care services
Hospitals
Nursing and residential care facilities
Social assistance services
Arts, Entertainment, and Recreation
7110 Performing arts, spectator sports, and related industries
7121 Museums, historical sites, and similar institutions
7130 Amusement, gambling, and recreation industries
Accommodation and Food Services
7210 Accommodation
7220 Food services and drinking places
Other Services
8110
8120
8130
Repair and maintenance
Personal and laundry services
Religious, grantmaking, civic, professional,
and similar organizations
Public Administration
9200 Public administration
Page 7
Primary Location(s) of U.S. Reporter’s Premiums Earned and Receipts from Foreign Persons
The values shown in the table below were transferred automatically from the information you provided in
Question 6 on page 5. If the U.S. Reporter had any transactions with foreign persons in the services
categories listed below, continue to Question 9 . Otherwise, skip to the next page.
NOTE – The data in this table cannot be edited in this location. To modify values reported, please return to page 5.
Transaction
code
Amount Reported in
Question 6
Transaction Type
Bil.
Mil.
Thou.
Dols.
1
Premiums earned on reinsurance assumed from insurance
companies resident abroad
$
000
5
Premiums earned from primary insurance sold to foreign persons
$
000
7
Receipts for auxiliary insurance services provided to foreign
persons
$
000
Total
$
000
9
In what states, districts, or territories did the U.S. Reporter transact those insurance activities with
foreign persons?
In column 1 of the table below, indicate the U.S. state(s), district(s), or territory(ies) where the largest percentage of the U.S.
Reporter’s total of premiums earned on reinsurance assumed (transaction code 1), premiums earned from primary insurance
sold (transaction code 5), and auxiliary insurance services receipts (transaction code 7) from foreign persons were transacted. If you are unable to determine where these services were transacted, or if the services were not transacted in the United
States, please attribute transactions to the U.S. location(s) where the premiums earned and/or receipts were recognized in your
accounting records.”
In column 2, provide an approximate percentage of the total amount shown in the table above that corresponds with the location
indicated in column 1. If possible, please provide up to three location/percentage combinations. The percentages reported below do not need to add to 100%.
U.S. Locations Conducting the Largest Percentages of
the U.S. Reporter’s Transactions with Foreign Persons
U.S. state/district/territory
(1)
Percentage of total
transactions shown above
(2)
11016
%
11017
%
11018
%
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Page 8
www.bea.gov
FORM BE-140 (REV. 06/2023)
Primary Location(s) of U.S. Reporter’s Premiums Incurred and Payments to Foreign Persons
The values shown in the table below were transferred automatically from the information you provided in
Question 6 on page 5. If the U.S. Reporter had any transactions with foreign persons in the services categories listed below, continue to Question 10 . Otherwise, skip to the next page.
NOTE – The data in this table cannot be edited in this location. To modify values reported, please return to page 5.
Transaction
code
Amounts Reported in
Question 6
Transaction Type
Bil.
Mil.
Thou.
Dols.
3
Premiums incurred on reinsurance ceded to insurance companies
resident abroad
$
000
8
Payments for auxiliary insurance services provided by foreign
persons
$
000
Total
$
000
10 In what states, districts, or territories did the U.S. Reporter transact those insurance activities with foreign
persons?
In column 1 of the table below, indicate the U.S. state(s), district(s), or territory(ies) where the largest percentage of the U.S.
Reporter’s total of premiums incurred on reinsurance ceded (transaction code 3) and auxiliary insurance services payments
(transaction code 8) from foreign persons were transacted. If you are unable to determine where these services were transacted, or if the services were not transacted in the United States, please attribute transactions to the U.S. location(s) where the
premiums paid and/or payments were recognized in your accounting records.
In column 2, provide an approximate percentage of the total amount shown in the table above that corresponds with the location
indicated in column 1. If possible, please provide up to three location/percentage combinations. The percentages reported below do not need to add to 100%.
U.S. Locations Conducting the Largest Percentages of
the U.S. Reporter’s Transactions with Foreign Persons
U.S. state/district/territory
(1)
Percentage of total transactions
shown above
(2)
11020
%
11021
%
11022
%
➙ Continue to the next page
●
FORM BE-140 (REV. 06/2023)
www.bea.gov
Page 9
For Reporters of Primary Insurance Services
The values shown in the table below were transferred automatically from the information you provided
in Question 6 on page 5. If the U.S. Reporter had any transactions with foreign persons in the services
categories listed below, continue to Question 11 . Otherwise, skip to the next page.
NOTE – The data in this table cannot be edited in this location. To modify values reported, please return to page 5.
Transaction
code
Amounts Reported in
Question 6
Transaction Type
Bil.
Mil.
Thou.
Dols.
5
Premiums earned from primary insurance sold to foreign persons
$
000
6
Losses incurred on primary insurance sold to foreign persons
$
000
Total
$
000
11 In the table below, please provide a percentage estimate of the U.S. Reporter’s 2023 primary insurance
transactions with foreign persons based on the type of primary insurance sold.
NOTE – These percentages can be an estimate based on your knowledge of the U.S. Reporter’s operations.
Transactions should be classified depending on which features are predominant, i.e. the savings component (life
insurance) or the component whereby claims are paid only if the insured event occurs (nonlife insurance).
Percentage of Primary Insurance
Type(s) of Primary Insurance Sold
Premiums
earned
21010
■ Insurance with a savings component (including whole life insurance)
Losses incurred
1
2
%
21012
1
%
2
%
Freight insurance
21013
■ Property and casualty insurance
1
%
2
%
21014
■ Other primary insurance (including term life insurance and health insurance)
Total
1
%
2
%
%
100%
100%
➙ Continue to the next page
●
Page 10
www.bea.gov
FORM BE-140 (REV. 06/2023)
Determination of Reporting Status – Continued
The values shown in the below were transferred automatically from the information you provided in Question
6 page 5. These values should be used to answer Question 12 .
NOTE – The data in this table cannot be edited in this location. To modify values reported, please return to page 5.
Transaction
code
Amount
Transaction Type
Bil.
Mil.
Thou.
Report on
Dols.
1
Premiums earned on reinsurance assumed from insurance
companies resident abroad
$
000
Schedule A
2
Losses incurred on reinsurance assumed from insurance
companies resident abroad
$
000
Schedule A
3
Premiums incurred on reinsurance ceded to insurance
companies resident abroad
$
000
Schedule A
4
Losses recovered on reinsurance ceded to insurance
companies resident abroad
$
000
Schedule A
5
Premiums earned from primary insurance sold to foreign
persons
$
000
Schedule B
6
Losses incurred on primary insurance sold to foreign persons $
000
Schedule B
7
Receipts for auxiliary insurance services provided to foreign
persons
$
000
Schedule B
8
Payments for auxiliary insurance services provided by
foreign persons
$
000
Schedule B
Total
$
000
12 Were the U.S. Reporter’s total insurance transactions with foreign persons greater than $2 million (based
on absolute value) during the 2023 calendar year?
21015
1
1
1
■ Yes — You are required to complete Question
2
■ No —
13 on the next page. Then, for each transaction type greater than $500.00
during the reporting period, you are required to report additional details on the country and relationship to the foreign
transactor(s) on Schedules A and/or B as indicated in the table above. Continue to the next page.
You are requested, but not required to complete Question 13 on the next page. Then, for each transaction type
greater than $500.00 during the reporting period, you are requested to report additional details on the country and
relationship to the foreign transactor(s) on Schedules A and/or B as indicated in the table above.
If you do not wish to provide any of this information on a voluntary basis, you may STOP here and return the form
according to the instructions on page 1 (eFile users- click save/submit form and follow the prompts as indicated).
➙ Continue to the next page
●
FORM BE-140 (REV. 06/2023)
www.bea.gov
Page 11
U.S. Reporter’s Income on Technical Reserves
Insurance technical reserves are liabilities of the insurance companies to policyholders and beneficiaries
that represent the amounts identified by insurance companies to account for prepayments of premiums,
amounts expected to be paid out in the settlement of claims, and reserves for dividends and rebates.
13 Did the U.S. Reporter have income on technical reserves for cross-U.S. border insurance transactions with
foreign persons in 2023?
21016
1
1
1 ■ Yes — Continue to the next question.
2 ■ No — Skip to the next page.
14 Report the U.S. Reporter’s income on technical reserves on cross-border insurance transactions below.
Note: Income on technical reserves is measured as interest accretion on liabilities to policyholders, and also includes dividends,
capital gains, or other similar returns from investing policy reserves. Only include income on technical reserves for cross-U.S.
border insurance transactions with foreign affiliates, foreign parents and foreign affiliates of foreign parents, and unaffiliated
foreign persons. For income on technical reserves with funds withheld, only include amounts attributable to the U.S. Reporter.
.
Income on Technical Reserves
for Reinsurance Assumed
Bil.
21017
1
$
Mil.
Thou.
Income on Technical Reserves for
Primary Insurance Sold
Dols.
000
Bil.
2
Mil.
$
Thou.
Dols.
000
➙ Continue to the next page
●
Page 12 www.bea.gov
FORM BE-140 (REV. 06/2023)
Understanding Reporting Relationships
(For use on Schedules A and B)
Transactions accrued during calendar year 2023 should be reported by the country of the foreign transactor, and by the foreign transactor’s relationship to
the U.S. Reporter . The relationship between the U.S. Reporter and the foreign transactor falls into one of three categories:
Foreign Affiliates – A foreign affiliate is defined as a person domiciled in a foreign country that is owned at least 10 percent (based on voting
interest), directly or indirectly, by the U.S. Reporter.
Foreign Parents and Foreign Affiliates of Foreign Parents (aka the “foreign parent group”) – Foreign Parents and Foreign Affiliates
of Foreign Parents (aka the “foreign parent group”) means all of the following:
(i) the foreign parent, which is the first person outside the United States in a foreign chain of ownership, that owns at least 10 percent (based on voting
interest), directly or indirectly, of the consolidated domestic U.S. business enterprise.
(ii) any foreign person proceeding up the foreign parent’s ownership chain, that owns more than 50 percent of the person below it up to and including
the person that is not owned more than 50 percent by another foreign person,
(iii) any foreign person, proceeding down the ownership chain(s) of each of these members, that is owned more than 50 percent by the person above it.
Unaffiliated Foreign Persons – An unaffiliated foreign person is a person domiciled abroad that is not owned, or is owned less than 10 percent,
directly or indirectly, by the U.S. Reporter or the U.S. Reporter’s foreign parent.
The diagram below illustrates each of these relationships with regards to the U.S. Reporter.
COMPANY A (Germany)
Foreign Parent of the Consolidated Domestic
U.S. Reporter
COMPANY B (Germany)
49% owned by Company A
Unaffiliated Foreign Person
NOTE: “Company B” is not a foreign affiliate
of the foreign parent nor part of the foreign
parent group since it is not owned, nor does
it own another foreign person, more than 50
percent within the foreign ownership chain.
Also, “Company B” is not a foreign affiliate
of the Consolidated domestic U.S. Reporter
since it is not owned at least 10 percent by
the Consolidated domestic U.S. Reporter.
Member of Foreign Parent Group
Owns 100% of Company C and the
Consolidated U.S. Reporter
COMPANY C (France)
Wholly owned by Company A
Member of Foreign Parent Group
CONSOLIDATED DOMESTIC
U.S. REPORTER
(USA)
(The U.S. person filing this BE-140)
Owns >10% of Companies D, E, and F
COMPANY E (Bermuda)
COMPANY D (USA)
COMPANY F (United Kingdom)
20% owned by Consolidated
domestic U.S. Reporter
Subsidiary, owned 100% by Consolidated
50% owned by Consolidated
domestic U.S. Reporter
Foreign Affiliate
Company D’s transactions with foreign
persons are consolidated into the U.S.
Reporter’s BE-140 filing
domestic U.S. Reporter
Foreign Affiliate
COMPANY G (Switzerland)
COMPANY H (Ghana)
5% owned by Consolidated
domestic U.S. Reporter
No ownership relationship with
any other company
Unaffiliated Foreign Person
Unaffiliated Foreign Person
To report transactions on Schedule A, continue to the next page. To report transactions on Schedule B skip
to page 18.
FORM BE-140 (REV. 06/2023)
www.bea.gov
Page 13
Reporting Instructions for Schedule A
Reporting Instructions
IMPORTANT — Transactions accrued during calendar year 2023 should be reported by country, transaction type, and
according to the U.S. Reporter’s relationship with the foreign transactor. ONLY report transactions between the U.S.
Reporter’s domestic operations and foreign persons. DO NOT report transactions between the U.S. Reporter’s foreign
affiliates and foreign persons, between the U.S. Reporter’s domestic operations and other U.S. persons, or transactions
between other U.S. persons and the U.S. Reporter’s foreign affiliates.
Transaction
code
Report Reinsurance Transactions on Schedule A
1 Premiums earned on reinsurance assumed from insurance companies resident abroad
2 Losses incurred on reinsurance assumed from insurance resident abroad
3 Premiums incurred on reinsurance ceded to insurance companies resident abroad
4 Losses recovered on reinsurance ceded to insurance companies resident abroad
How to Report:
1) Using the table below, identify which schedule(s) must be completed based on the U.S. Reporter’s relationship
with the foreign transactor (see the previous page for more information on reporting relationships).
Schedule
Relationship with the consolidated domestic U.S. Reporter
Page
A1
Foreign affiliates
15
A2
Foreign parent(s) and other members of the foreign parent group
16
A3
Unaffiliated foreign persons
17
2) In column 1 of the appropriate schedule, enter the country of the foreign transactor.
3) In columns 3 through 6, enter the U.S. Reporter’s totals for each type of transaction with the country named in
column 1.
Example:
The U.S. Reporter had a total of $3,525,000 in premiums incurred on reinsurance ceded to its foreign parent group in
Germany.
Per the table above, premiums incurred on reinsurance ceded to the foreign parent group are reportable on
Schedule A2 , which is on page 16.
Schedule A2
Foreign parent(s) and other members of the foreign parent group
Page 16
On Schedule A2 , enter “Germany” in column 1. Enter “3,525” in the column marked premiums incurred on reinsurance
ceded (column 5).
IMPORTANT – Report amounts in thousands of U.S. dollars (omitting 000). Round amounts less than $500.00 to 0.
Do not enter amounts in the shaded portions of each item.
Example
Transactions with Foreign parent(s) and other members of the foreign parent group
Reinsurance assumed
BEA
USE
ONLY
COUNTRY
(1)
32000
1. Germany
002
(2)
1
2
3
1
2
3
Reinsurance ceded
Transaction
code 1
Transaction
code 2
Transaction
code 3
Transaction
code 4
Premiums earned
on reinsurance
assumed
(3)
Losses incurred
on reinsurance
assumed
(4)
Premiums incurred
for reinsurance
ceded
(5)
Losses recovered
on reinsurance
ceded
(6)
4
$
000
5
4
$
000
6
5
$ 3,525
000
6
$
000
If you need to report additional detail for any of the schedules, please use the overflow sheets provided (pages 27-29 of the survey) or
download additional overflow sheets at www.bea.gov/be140. (eFile users- select “Add overflow” from the Report Homepage.)
Page 14
www.bea.gov
FORM BE-140 (REV. 06/2023)
SCHEDULE A1 — Reinsurance Transactions with Foreign Affiliates
If you need to report additional detail for any of the schedules, please use the overflow sheets provided (pages 27-29 of the survey) or download
additional overflow sheets at www.bea.gov/be140. (eFile users- select “Add overflow” from the Report Homepage.) For more information on how to report
select countries, regions, or areas, go to www.bea.gov/system/files/2023-05/Guide-to-Reporting-Countries-on-BEA-Surveys.pdf
Transactions with foreign affiliates
COUNTRY
(1)
31000
1.
002
2.
003
3.
004
4.
005
5.
006
6.
007
7.
008
8.
009
9.
010
10.
011
11.
012
12.
013
13.
014
14.
015
15.
016
16.
017
17.
018
18.
019
19.
020
20.
021
21.
022
22.
023
23.
024
24.
025
25.
026
26.
027
27.
028
28.
029
29.
030
30.
031
31.
032
32.
033
33.
034
34. Total all countries this page
FORM BE-140 (REV. 06/2023)
Reinsurance assumed
BEA
USE
ONLY
001
Transaction
code 2
Transaction
code 3
Transaction
code 4
Premiums earned
on reinsurance
assumed
Losses incurred
on reinsurance
assumed
Premiums incurred
on reinsurance
ceded
Losses recovered
on reinsurance
ceded
(2)
(3)
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
Reinsurance ceded
Transaction
code 1
(4)
(5)
4
$
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
$
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
000
www.bea.gov
(6)
5
6
5
$
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
5
000
6
$
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
6
000
000
Page 15
SCHEDULE A2 — Reinsurance Transactions with Foreign Parent(s) and Other Members of the
Foreign Parent Group
If you need to report additional detail for any of the schedules, please use the overflow sheets provided (pages 27-29 of the survey) or download
additional overflow sheets at www.bea.gov/be140. (eFile users- select “Add overflow” from the Report Homepage.) For more information on how to report
select countries, regions, or areas, go to www.bea.gov/system/files/2023-05/Guide-to-Reporting-Countries-on-BEA-Surveys.pdf
Transactions with foreign parent(s) and other members of the foreign parent group
COUNTRY
(1)
32000
1.
003
3.
004
005
5.
006
6.
007
7.
008
8.
009
9.
010
10.
11.
011
012
12.
013
13.
014
14.
015
15.
016
16.
017
17.
18.
018
019
19.
020
20.
021
21.
022
22.
023
23.
024
24.
025
25.
026
26.
027
27.
028
28.
029
29.
030
30.
031
31.
032
32.
033
33.
034
34. Total all countries this page
Page 16
002
2.
4.
Reinsurance assumed
BEA
USE
ONLY
001
Transaction
code 1
Transaction
code 2
Premiums earned
on reinsurance
assumed
Losses incurred
on reinsurance
assumed
Premiums incurred
on reinsurance
ceded
(2)
(3)
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
Reinsurance ceded
Transaction
code 3
(4)
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
$
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
000
www.bea.gov
(6)
5
4
Losses recovered
on reinsurance
ceded
(5)
4
$
Transaction
code 4
6
5
$
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
5
000
6
$
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
6
000
000
FORM BE-140 (REV. 06/2023)
SCHEDULE A3 — Reinsurance Transactions with Unaffiliated Foreign Persons
If you need to report additional detail for any of the schedules, please use the overflow sheets provided (pages 27-29 of the survey) or download
additional overflow sheets at www.bea.gov/be140. (eFile users- select “Add overflow” from the Report Homepage.) For more information on how to report
select countries, regions, or areas, go to www.bea.gov/system/files/2023-05/Guide-to-Reporting-Countries-on-BEA-Surveys.pdf
Transactions with unaffiliated foreign persons
Reinsurance assumed
BEA
USE
ONLY
COUNTRY
(1)
33000
1.
002
2.
003
3.
004
4.
005
5.
006
6.
007
7.
008
8.
009
9.
010
10.
011
11.
012
12.
013
13.
014
14.
015
15.
016
16.
017
17.
018
18.
019
19.
020
20.
021
21.
022
22.
023
23.
024
24.
025
25.
026
26.
027
27.
028
28.
029
29.
030
30.
031
31.
032
32.
033
33.
034
34. Total all countries this page
FORM BE-140 (REV. 06/2023)
001
Transaction
code 1
Transaction
code 2
Transaction
code 3
Transaction
code 4
Premiums earned
on reinsurance
assumed
Losses incurred
on reinsurance
assumed
Premiums incurred
on reinsurance
ceded
Losses recovered
on reinsurance
ceded
(2)
(3)
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
Reinsurance ceded
(4)
(5)
4
$
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
$
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
000
www.bea.gov
(6)
5
6
5
$
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
5
000
6
$
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
6
000
000
Page 17
Reporting Instructions for Schedule B
Reporting Instructions
IMPORTANT — Transactions accrued during calendar year 2023 should be reported by country, transaction type, and
according to the U.S. Reporter’s relationship with the foreign transactor. ONLY report transactions between the U.S.
Reporter’s domestic operations and foreign persons. DO NOT report transactions between the U.S. Reporter’s foreign
affiliates and foreign persons, between the U.S. Reporter’s domestic operations and other U.S. persons, or transactions
between other U.S. persons and the U.S. Reporter’s foreign affiliates.
Transaction
code
Report Primary and Auxiliary Insurance Transactions on Schedule B
5
Premiums earned from primary insurance sold to foreign persons
6
Losses incurred on primary insurance sold to foreign persons
7
Receipts for auxiliary insurance services provided to foreign persons
8
Payments for auxiliary insurance services provided by foreign persons
How to Report:
1) Using the table below, identify which schedule(s) you are required to report for on the Schedule B , based
on the U.S. Reporter’s relationship with the foreign transactor (see page 11 for more information on reporting
relationships).
Schedule
Relationship with the consolidated domestic U.S. Reporter
Page
B1
Foreign affiliates
19
B2
Foreign parent(s) and other members of the foreign parent group
20
B3
Unaffiliated foreign persons
21
2) In column 1 of the appropriate schedule, enter the country of the foreign transactor.
3) In columns 3 through 6, enter the U.S. Reporter’s totals for each type of transaction with the country named
in column 1.
Example:
The U.S. Reporter had a total of $3,525,000 in receipts for auxiliary insurance services provided to a foreign parent in
Germany.
Per the table above, receipts for auxiliary insurance services to the foreign parent group are reportable on
Schedule B2 , which is on page 20.
Schedule B2
Foreign parent(s) and other members of the foreign parent group
Page 20
On Schedule B2 , enter “Germany” in column 1. Enter “3,525” in the column marked receipts for auxiliary insurance
services (column 5).
IMPORTANT – Report amounts in thousands of U.S. dollars (omitting 000). Round amounts less than $500.00 to 0.
Do not enter amounts in the shaded portions of each item.
Example
Transactions with Foreign parent(s) and other members of the foreign parent group
Primary insurance
BEA
USE
ONLY
COUNTRY
(1)
42000
1. Germany
002
Transaction
code 5
Transaction
code 6
Transaction
code 7
Transaction
code 8
Premiums earned
from primary
insurance sold
Losses incurred
on primary
insurance sold
Receipts for
auxiliary insurance
services
Payments for
auxiliary insurance
services
(2)
(3)
1
2
3
1
2
3
Auxiliary insurance
(4)
(5)
4
$
000
(6)
5
4
$
000
6
5
$ 3,525
000
6
$
000
If you need to report additional detail for any of the Schedules, please use the overflow sheets provided (pages 30-32 of the survey) or
download additional overflow sheets at www.bea.gov/be140. (eFile users- select “Add overflow” from the Report Homepage.)
Page 18
www.bea.gov
FORM BE-140 (REV. 06/2023)
SCHEDULE B1 — Primary Insurance and Auxiliary Services with Foreign Affiliates
If you need to report additional detail for any of the schedules, please use the overflow sheets provided (pages 30-32 of the survey) or download
additional overflow sheets at www.bea.gov/be140. (eFile users- select “Add overflow” from the Report Homepage.) For more information on how to report
select countries, regions, or areas, go to www.bea.gov/system/files/2023-05/Guide-to-Reporting-Countries-on-BEA-Surveys.pdf
Transactions with foreign affiliates
Primary insurance
BEA
USE
ONLY
COUNTRY
(1)
41000
1.
002
2.
003
3.
004
4.
005
5.
006
6.
007
7.
008
8.
009
9.
010
10.
011
11.
012
12.
013
13.
014
14.
015
15.
016
16.
017
17.
018
18.
019
19.
020
20.
021
21.
022
22.
023
23.
024
24.
025
25.
026
26.
027
27.
028
28.
029
29.
030
30.
031
31.
032
32.
033
33.
034
34. Total all countries this page
FORM BE-140 (REV. 06/2023)
001
Transaction
code 5
Transaction
code 6
Premiums earned
from primary
insurance sold
Losses incurred
on primary
insurance sold
Receipts for
auxiliary insurance
services
(2)
(3)
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
Auxiliary insurance
Transaction
code 7
(4)
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
$
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
000
www.bea.gov
(6)
5
4
Payments for
auxiliary insurance
services
(5)
4
$
Transaction
code 8
6
5
$
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
5
000
6
$
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
6
000
000
Page 19
SCHEDULE B2 — Primary Insurance and Auxiliary Services with Foreign Parent(s) and Other Members
of the Foreign Parent Group
If you need to report additional detail for any of the schedules, please use the overflow sheets provided (pages 30-32 of the survey) or download
additional overflow sheets at www.bea.gov/be140. (eFile users- select “Add overflow” from the Report Homepage.) For more information on how to report
select countries, regions, or areas, go to www.bea.gov/system/files/2023-05/Guide-to-Reporting-Countries-on-BEA-Surveys.pdf
Transactions with foreign parent(s) and other members of the foreign parent group
Primary insurance
BEA
USE
ONLY
COUNTRY
(1)
42000
1.
2.
3.
002
003
004
4.
005
5.
006
6.
007
7.
008
8.
009
9.
10.
010
011
11.
012
12.
013
13.
014
14.
015
15.
016
16.
17.
017
018
18.
019
19.
020
20.
021
21.
022
22.
023
23.
024
24.
025
25.
026
26.
027
27.
028
28.
029
29.
30.
030
031
31.
032
32.
033
33.
034
34. Total all countries this page
Page 20
001
Transaction
code 5
Transaction
code 6
Transaction
code 7
Transaction
code 8
Premiums earned
from primary
insurance sold
Losses incurred
on primary
insurance sold
Receipts for
auxiliary insurance
services
Payments for
auxiliary insurance
services
(2)
(3)
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
Auxiliary insurance
(4)
(5)
4
$
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
$
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
000
www.bea.gov
(6)
5
6
5
$
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
5
000
6
$
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
6
000
000
FORM BE-140 (REV. 06/2023)
SCHEDULE B3 — Primary Insurance and Auxiliary Services with Unaffiliated Foreign Persons
If you need to report additional detail for any of the schedules, please use the overflow sheets provided (pages 30-32 of the survey) or download
additional overflow sheets at www.bea.gov/be140. (eFile users- select “Add overflow” from the Report Homepage.) For more information on how to report
select countries, regions, or areas, go to www.bea.gov/system/files/2023-05/Guide-to-Reporting-Countries-on-BEA-Surveys.pdf
Transactions with unaffiliated foreign persons
COUNTRY
(1)
43000
1.
002
2.
003
3.
004
4.
005
5.
006
6.
007
7.
008
8.
009
9.
010
10.
011
11.
012
12.
013
13.
014
14.
015
15.
016
16.
017
17.
018
18.
019
19.
020
20.
021
21.
022
22.
023
23.
024
24.
025
25.
026
26.
027
27.
028
28.
029
29.
030
30.
031
31.
032
32.
033
33.
034
34. Total all countries this page
FORM BE-140 (REV. 06/2023)
Primary insurance
BEA
USE
ONLY
001
Transaction
code 5
Transaction
code 6
Transaction
code 7
Transaction
code 8
Premiums earned
from primary
insurance sold
Losses incurred on
primary insurance
sold
Receipts for
auxiliary insurance
services
Payments for
auxiliary insurance
services
(2)
(3)
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
Auxiliary insurance
(4)
(5)
4
$
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
$
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
000
www.bea.gov
(6)
5
6
5
$
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
5
000
6
$
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
6
000
000
Page 21
GENERAL INSTRUCTIONS
Public reporting burden for this BE-140 report is estimated to
average 4.5 hours per response. This burden includes time for
reviewing instructions, searching existing data sources, gathering
and maintaining the data needed, and completing and reviewing
the collection of information. Send comments regarding this burden
estimate to Director, Bureau of Economic Analysis (BE-1), U.S.
Department of Commerce, 4600 Silver Hill Rd., Washington, DC
20233; and to the Office of Management and Budget, Paperwork
Reduction Project 0608-0073, Washington, DC 20503.
Purpose — The 2023 Benchmark Survey of Insurance Transactions
by U.S. Insurance Companies with Foreign Persons is conducted
by the Department of Commerce to obtain data on the size and
economic significance of these transactions. The data will be used in
compiling the U.S. international transactions accounts and national
income and product accounts. The information will also be used to
formulate U.S. policy and to analyze the impact of that policy, and the
policies of foreign countries, on such international transactions.
Authority — This survey is being conducted under the authority
of the International Investment and Trade in Services Survey Act
(P.L. 94-472, 90 Stat. 2059, 22 U.S.C. 3101-3108, as amended –
hereinafter “the Act”), and the filing of reports is mandatory under
section 5(b)(2) of the Act (22 U.S.C. 3104). Regulations for the survey
may be found in 15 CFR Part 801. The survey has been approved by
the Office of Management and Budget (OMB) under the Paperwork
Reduction Act (44 U.S.C. 3501, et seq).
Penalties — Persons who fail to report may be subject to a civil
penalty of not less than $4,454, and not more than $44,539, and
to injunctive relief commanding such person to comply, or both.
These civil penalties are subject to inflationary adjustments. Those
adjustments are found in 15 CFR 6.4. Whoever willfully fails to report
shall be fined not more than $10,000 and, if an individual, may be
imprisoned for not more than one year, or both. Any officer, director,
employee, or agent of any corporation who knowingly participates
in such violations, upon conviction, may be punished by a like fine,
imprisonment, or both. (See 22 U.S.C. 3105.) Notwithstanding the
above, a U.S. person is not subject to any penalty for failure to report
if a valid OMB control number is not displayed on the form. The
control number for Form BE-140 (0608-0073) is displayed at the top
of the first page of this form.
Confidentiality — The Act provides that your report to this Bureau
is confidential and may be used only for analytical and statistical
purposes. Without your prior written permission, the information filed
in your report cannot be presented in a manner that allows it to
be individually identified. Your report cannot be used for purposes
of taxation, investigation, or regulation. Copies retained in your files
are immune from legal process. Per the Cybersecurity Enhancement
Act of 2015, your data are protected from cybersecurity risks through
security monitoring of BEA information systems.
I. WHO IS TO REPORT AND GENERAL COVERAGE
A. Who must report — The publication in the Federal Register of
the final rule implementing this survey is considered legal notice
to U.S. persons of their obligation to report. Therefore, a response
is required from persons subject to the reporting requirements of
the survey, whether or not they are contacted by BEA.
1. Mandatory and voluntary reporting
a. Mandatory reporting — A BE-140 report is required
from each U.S. insurance company that had insurance
transactions with foreign persons in the categories covered by the survey during the 2023 calendar year.
Each U.S. insurance company that:
(1) had insurance transactions with foreign persons that
exceeded $2 million (positive or negative) in at least one
of the insurance categories covered by the survey during
its 2023 calendar year, on an accrual basis, is required
to provide data on the total transactions of each of the
covered types of insurance transactions and must disaggregate the totals by country and by relationship to the
foreign counterparty (foreign affiliate, foreign parent group,
or unaffiliated), OR
(2) had insurance transactions with foreign persons that were
between positive $2 million and negative $2 million in
each of the insurance categories covered by the survey
during its 2023 calendar year, on an accrual basis, is
required to provide the total for each type of transaction in
which they engaged.
The $2 million threshold for mandatory reporting is based on
covered transactions with foreign persons by all parts of the
consolidated domestic U.S. Reporter.
The determination of whether a U.S. Reporter is subject to
this reporting requirement may be based on the judgment of
knowledgeable persons in a company who can identify reportable transactions on a recall basis, with a reasonable degree
of certainty, without conducting a detailed manual records
search.
Provide responses to all questions as they pertain to the consolidated domestic U.S. Reporter’s 2023 calendar year. In the
“determination of reporting status” section, in the transaction
type table, enter the total insurance transactions between the
U.S. Reporter and foreign persons for each transaction type
listed. Report amounts in thousands of U.S. dollars (omitting
000). For example, if the amount is $1,334,515.00, report it as
$1,335.
If the U.S. Reporter’s transactions with foreign persons
exceeded $2 million (positive or negative) in any transaction
types, the U.S. Reporter MUST provide additional country/
affiliation detail on Schedule(s) A and/or B as indicated in
question 12 on page 11.
Enter the total transaction amounts, applicable to a particular
schedule, in the appropriate column(s) on line 34 of the Schedules A and/or B. Distribute amounts to the foreign country(ies)
involved in the transaction(s) on the lines above the total line
on each applicable schedule, by affiliation type. Use additional
copies of the schedules, or the available overflow sheets, to
report additional countries and transaction types as necessary.
b. Voluntary reporting
If, during calendar year 2023, total transactions were between positive $2 million and negative $2 million in each
of the insurance categories covered by the survey, on an
accrual basis, the U.S. Reporter may, in addition to providing the required total for each type of transaction on page
5, voluntarily report transactions at a country and affiliation
level of detail on the applicable mandatory schedule(s).
The estimates may be judgmental, that is, based on recall,
without conducting a detailed records search.
c. Exemption — Any U.S. person that receives the BE-140
survey form from BEA, but is not subject to the reporting
requirements, must file an exemption claim by completing
the determination of reporting status section (pages 1
through 5) of the BE-140 survey and returning it to BEA by
the due date of the survey. This requirement is necessary
Page 22 www.bea.gov
FORM BE-140 (REV. 11/2018)
GENERAL INSTRUCTIONS — Continued
to ensure compliance with reporting requirements and efficient
administration of the Act by eliminating unnecessary
follow-up contact.
B. Transactions involving a broker — At times, insurance
transactions between a U.S. person and a foreign person may
be arranged by, billed through, or otherwise facilitated by, a
broker, agent, or intermediary. In order to avoid duplication, the
data should be reported by the insurance company assuming
the risk or recovering or paying the loss. Brokers, agents, and
intermediaries are generally not to report.
II. WHAT TO REPORT
A. Report transactions with affiliated foreign persons as well as
with unaffiliated foreign persons (see DEFINITIONS IV.J-M).
Please file the appropriate schedules to report
transactions with (1) your foreign affiliates, (2) your
foreign parent(s), and other members of the foreign
parent group, and (3) unaffiliated foreign persons.
B. Report transactions with alien insurance groups, whether or
not funds remitted to and from these organizations are cleared
through their American Trust Funds.
C. Note that the criterion for reporting is whether the transaction
is between a U.S. person and a foreign person. It is immaterial
whether the assets insured are located in the United States or
abroad.
D. Report transactions with U.S. affiliates of foreign firms for the
account of their foreign parent firm. (Report them on
the schedule covering your transactions with unaffiliated foreign
persons.)
E. Report transactions with foreign persons made by your foreign
affiliate for your account. (Report them on the schedule
covering your transactions with unaffiliated foreign persons.)
III. WHAT NOT TO REPORT
A. Do not report transactions with U.S. affiliates of foreign firms
for their own account. Transactions with these U.S. affiliates are
considered domestic-to-domestic for purposes of this survey.
B. Do not report transactions with foreign persons made by your
foreign affiliates for their own account.
C. Do not report premiums paid to, or losses recovered from,
foreign insurance companies for primary insurance. Premiums
on such insurance purchased from foreign insurance companies
are to be reported on Form BE-120, Benchmark Survey of
Transactions in Selected Services and Intellectual Property with
Foreign Persons, and on Form BE-125, Quarterly Survey of
Transactions in Selected Services and Intellectual Property with
Foreign Persons. Copies of these surveys can be downloaded
from BEA’s web site at http://www.bea.gov/ssb.
IV. DEFINITIONS
A. Insurance companies, for purposes of this survey, includes
insurance carriers of all types, and groups of such companies.
B. United States, when used in a geographic sense, means the
50 states, the District of Columbia, the Commonwealth of Puerto
Rico, and all the territories and possessions of the United States.
NOTE: The U.S. Virgin Islands and Guam are territories of the
United States.
C. Foreign, when used in a geographic sense, means that which
is situated outside the United States or which belongs to or is
characteristic of a country other than the United States.
D. U.S. Reporter is the U.S. person filing a report in this survey.
E. Consolidated domestic U.S. Reporter means the fully
consolidated U.S. domestic enterprise consisting of (i) the U.S.
corporation whose voting securities are not owned more than 50
percent by another U.S. corporation, and, proceeding down each
ownership chain from that U.S. corporation, and, (ii) any U.S.
corporation whose voting securities are more than 50 percent
owned by the U.S. corporation above it. The fully consolidated
U.S. domestic enterprise excludes foreign branches and other
foreign affiliates.
Conditions may exist that would lead a U.S. corporation to
exclude certain majority-owned (more than 50 percent owned)
domestic subsidiaries from financial statements used in reports
to shareholders. If such a subsidiary has covered transactions, it
must file a report under its own name, and the subsidiary will be
considered the U.S. Reporter for purposes of this survey.
F. Person means any individual, branch, partnership, associated
group, association, estate, trust, corporation, or other organization
(whether or not organized under the laws of any State), and
any government (including a foreign government, the U.S.
Government, a State or local government, and any agency,
corporation, financial institution, or other entity or instrumentality
thereof, including a government sponsored agency).
1. U.S. person means any person resident in the United
States or subject to the jurisdiction of the United States.
2. Foreign person means any person resident outside the
United States or subject to the jurisdiction of a country other
than the United States.
G. Business enterprise means any organization, association,
branch, or venture which exists for profit-making purposes or to
otherwise secure economic advantage, and any ownership of
any real estate. (A business enterprise is a “person” within the
definition in paragraph F above.)
H. Direct investment means the ownership or control, directly
or indirectly, by one person of 10 percent or more of the voting
stock of an incorporated business enterprise, or an equivalent
ownership interest in an unincorporated business enterprise.
I. Parent means a person of one country who, directly or indirectly,
owns or controls 10 percent or more of the voting stock of an
incorporated business enterprise or an equivalent ownership
interest in an unincorporated business enterprise, which is
located outside that country.
1. U.S. parent means the U.S. person that has direct
investment in a foreign business enterprise.
2. Foreign parent means the foreign person, or the first
person outside the United States in a foreign chain of
ownership, which has direct investment in a U.S. business
enterprise, including a branch.
J. Foreign parent group means (i) the foreign parent, (ii) any
foreign person, proceeding up the foreign parent’s ownership
chain, which owns more than 50 percent of the person below it
up to and including that person which is not owned more than 50
percent by another foreign person, and (iii) any foreign person,
proceeding down the ownership chain(s) of each of these
Page 23 www.bea.gov
FORM BE-140 (REV. 11/2018)
GENERAL INSTRUCTIONS — Continued
members that is owned more than 50 percent by the person above it.
K. Affiliate means a business enterprise located in one country
that is directly or indirectly owned or controlled by a person of
another country to the extent of 10 percent or more of its voting
stock for an incorporated business or an equivalent interest for an
unincorporated business, including a branch.
1. Foreign affiliate means an affiliate located outside the
United States in which a U.S. person has direct investment.
2. U.S. affiliate means an affiliate located in the United States
in which a foreign person has direct investment.
L. Foreign affiliate of a foreign parent means, with reference
to a given U.S. affiliate, any member of the foreign parent group
owning the U.S. affiliate that is not a foreign parent of the U.S.
affiliate.
M. Unaffiliated foreign person means, with respect to a given
U.S. person, any foreign person that is not an affiliated foreign
person as defined in paragraph K above.
N. Country means the country of location of the foreign person
with whom a transaction has occurred.
IV. OTHER INSTRUCTIONS
A. Distinguishing between unaffiliated and affiliated
transactions — This survey covers U.S. persons’ direct
transactions, both sales and payments (purchases), with affiliated
and unaffiliated foreign persons.
Examples of affiliated transactions are:
than 50 percent by another foreign person,
(iii) any foreign person that, proceeding down the ownership
chain(s) of each of these members, is owned more than 50
percent by the person above it.
Unaffiliated foreign persons — An unaffiliated foreign
person is a person domiciled abroad that is owned less than ten
percent, directly or indirectly, by the U.S. Reporter or the U.S.
Reporter’s foreign parent.
The diagram below illustrates each of these relationships with
regards to the U.S. Reporter.
COMPANY A (Germany)
COMPANY B
(Germany)
49% owned by
Company A
Unaffiliated Foreign
Person
NOTE: “Company B” is not
a foreign affiliate of the foreign parent nor part of the
foreign parent group since
it is not owned, nor does it
own another foreign person,
more than 50 percent within
the foreign ownership chain.
Also, “Company B” is not a
foreign affiliate of the Consolidated domestic U.S. Reporter since it is not owned
at least 10 percent by the
Consolidated domestic U.S.
Reporter.
1. A transaction between a U.S. person (U.S. parent) and its foreign
affiliate.
COMPANY E
(Mexico)
2. A transaction between a U.S. person (U.S. affiliate) and its
foreign parent(s) or member(s) of the foreign parent group(s).
20% owned by
Consolidated
domestic U.S.
Reporter
Examples of unaffiliated transactions are:
1. A transaction between a U.S. person and an unaffiliated foreign
person.
2. A transaction between one U.S. person and another U.S.
person’s foreign affiliate. Such a transaction is reportable by the
first U.S. person.
Examples of transactions that are not reportable are:
1. A transaction between a U.S. affiliate of a foreign parent and
another U.S. person.
2. A transaction between a U.S. parent’s foreign affiliate and
another foreign person.
B. Understanding the U.S. Reporter’s relationship with
foreign persons — The relationship between the U.S. Reporter
and the foreign persons fall into one of three categories:
Foreign affiliates — A foreign affiliate is defined as a person
domiciled in a foreign country that is owned at least 10 percent,
directly or indirectly, by the U.S. Reporter.
Foreign Parents (FP) and Foreign Affiliates of Foreign
Parents (FAFP) (aka the “foreign parent group”) means
all of the following:
(i) the foreign parent, which is the first person outside the United
States in a foreign chain of ownership, that owns at least
10% (based on voting interest), directly or indirectly, of the
consolidated domestic U.S. business enterprise.
(ii) any foreign person proceeding up the foreign parent’s
ownership chain, that owns more than 50 percent of the person
below it up to and including the entity that is not owned more
Foreign Affiliate
Foreign Parent of the
Consolidated Domestic U.S.
Reporter
Member of Foreign Parent
Group
Owns 100% of Company C,
and the Consolidated U.S.
Reporter
COMPANY C
(France)
Wholly owned by
Company A
Member of Foreign
Parent Group
CONSOLIDATED
DOMESTIC U.S. REPORTER
(The U.S. person filing this
BE-120)
Owns >10% of Companies D,
E and F
COMPANY D (USA)
Subsidiary, owned 100%
by Consolidated
domestic U.S. Reporter
Company D’s transactions
with foreign persons are
consolidated into the U.S.
Reporter’s BE-120 filing
COMPANY F
(United Kingdom)
50% owned by
Consolidated
domestic U.S.
Reporter
Foreign Affiliate
COMPANY G
(Switzerland)
COMPANY H
(Ghana)
5% owned by Consolidated domestic
U.S. Reporter
No ownership
relationship with
any other company
Unaffiliated Foreign
Person
Unaffiliated Foreign
Person
C. Foreign activities of a U.S. person that do not
constitute a foreign affiliate — Although the definitions of
direct investment and foreign affiliate in Part III. above, together
with the discussion in Part IV.A above, should be sufficient to
determine whether a given foreign activity is or is not a foreign
affiliate, in a number of cases the determination may be difficult.
Several factors to be considered are given below. If you still
cannot determine if the activity or operation is an affiliate, call
(301) 278-9303 or send an e-mail to [email protected] for
additional guidance.
If a U.S. person’s foreign activity or operation is incorporated
abroad, it is a foreign affiliate.
If a U.S. person’s foreign activity or operation is not incorporated
abroad, its status is based on the weight of the evidence when
the factors listed below are considered.
An unincorporated foreign activity or operation generally would
Page 24 www.bea.gov
FORM BE-140 (REV. 11/2018)
GENERAL INSTRUCTIONS — Continued
be considered a foreign affiliate if it: (i) is subject to foreign
income taxes;
(ii) has a substantial physical presence abroad (e.g., plant and
equipment or employees); (iii) maintains separate financial
records that would permit the preparation of financial statements,
including an income statement and balance sheet (not just a
record of disbursements and receipts); (iv) takes title to the
goods it sells and receives revenues therefrom; or (v) receives
funds for its own account from customers for services it performs.
Transactions with this type of entity should be reported under
“Foreign affiliates.”
An unincorporated foreign activity or operation generally would
not be considered a foreign affiliate if it: (i) conducts business
abroad only for the U.S. person’s account and not for its own
account (e.g., sales promotion or public relations type of
activities); (ii) has no separate financial statements; (iii) receives
funds to cover its expenses only from the U.S. person; (iv) is
not subject to foreign income taxes; and (v) has limited physical
assets, or employees, permanently located abroad. Transactions
with this type of entity should be reported under “Unaffiliated
foreign persons.”
D. U.S. activities of a foreign person that do not
constitute a U.S. affiliate — Criteria for determining which
U.S. activities do or do not constitute a U.S. affiliate of a foreign
person are parallel to those in Part IV.C. above.
E. Determining who must report a transaction when
an intermediary is involved — At times, transactions
between a U.S. person and a foreign person may be arranged
by, billed through, or otherwise facilitated by, an intermediary.
The intermediary may be U.S. or foreign, and may be affiliated or
unaffiliated with the U.S. or the foreign person.
A determination of whom a sale is to, or whom a purchase is
from, should be made on the basis of whom the U.S. person
considers itself to have a claim on for payment, in the case of a
sale, or whom it has a liability to, in the case of a purchase. For
a sale, if the U.S. person looks to the foreign person for payment,
then the transaction is between the U.S. person and the foreign
person, and is to be reported by the U.S. person. If the U.S. person
looks to the intermediary for payment, and the intermediary, in
turn, looks to the foreign person for payment, then whether either
transaction is reportable, and who it is to be reported by, depends
on the location of the intermediary and the relationship between
the U.S. person and the intermediary.
If the intermediary is a foreign person, then the U.S. person would
report the transaction as a transaction with a foreign person.
If the intermediary is a U.S. person, then the initial transaction
between the original U.S. person and the intermediary is domesticto-domestic and not reportable in this survey. However, the
intermediary must report the transaction with the foreign person.
The reportability of a purchase would be determined in a similar
manner.
VI. SPECIFIC ITEM INSTRUCTIONS
net of cancellations. Report premiums gross of commissions and
profit commissions paid to or received from foreign persons, including
commissions initially paid to or received from a U.S. intermediary
(agent or broker) of a foreign person.
Calculate losses (transaction codes 2 and 4) as follows: Losses
paid (transaction code 2) or recovered (transaction code 4) during
2023, plus case reserves at the end of the year, plus losses incurred
but not reported at the end of the year, minus case reserves at the
beginning of the year, minus losses incurred but not reported at the
beginning of the year. Losses paid or recovered should not include
loss adjustment expenses (reportable on Schedule B).
For life insurance companies
Premiums received (transaction code 1) and paid (transaction code
3) reflect premiums accrued on reinsurance assumed from or ceded
to insurance companies resident abroad. These amounts, therefore,
are adjusted for changes in due, deferred, and advanced premiums
for each year. Report premiums gross of commissions and profit
commissions paid to or received from foreign persons, including
commissions initially paid to or received from a U.S. intermediary
(agent or broker) of a foreign person.
Losses paid (transaction code 2) and recovered (transaction code 4)
reflect policy claims on reinsurance assumed or ceded, adjusted for
changes in claims due, unpaid, and in the course of settlement.
Schedule B
How to calculate transaction codes 5 and 6
For property and casualty insurance companies
Calculate premiums (transaction code 5) as follows: Premiums written
during 2023, plus unearned premiums at the beginning of the year,
minus unearned premiums at the end of the year. Report premiums
net of cancellations. Report premiums gross of commissions and
profit commissions paid to or received from foreign persons, including
commissions initially paid to or received from a U.S. intermediary
(agent or broker) of a foreign person.
Calculate losses incurred (transaction code 6) as follows: Losses
paid during 2023, plus case reserves at the end of the year, plus
losses incurred but not reported at the end of the year, minus case
reserves at the beginning of the year, minus losses incurred but
not reported at the beginning of the year. Losses paid or recovered
should not include loss adjustment expenses (reportable under
transaction codes 7 and 8).
For life insurance companies
Report premiums earned (transaction code 5). These amounts
should be adjusted for changes in due, deferred, and advanced
premiums for 2023. Report premiums gross of commissions and
profit commissions paid to foreign persons, including commissions
initially paid to a U.S. intermediary (agent or broker) of a foreign
person.
Calculate transaction code 6 as follows: Losses incurred reflect policy
claims on direct insurance assumed, adjusted for changes in claims
due, unpaid, and in the course of settlement.
Schedule A
How to calculate transaction codes 7 and 8 (all companies)
How to calculate transaction codes 1–4
Include agent’s commissions, insurance brokering and agency
services, insurance consulting services, evaluation, allocated loss
adjustment expenses, and other adjustment services, actuarial
services, salvage administration services, and regulatory and
monitoring services on indemnities and recovery services.
For property and casualty insurance companies
Calculate premiums (transaction codes 1 and 3) as follows:
Premiums written (transaction code 1) or ceded (transaction code 3)
during 2023, plus unearned premiums at the beginning of the year,
minus unearned premiums at the end of the year. Report premiums
Page 25 www.bea.gov
FORM BE-140 (REV. 11/2018)
GENERAL INSTRUCTIONS — Continued
VII. REPORTING PROCEDURES
A. Due date — A completed BE-140 is due July 31,
2024.
B. Calendar year — For the purposes of this form, you must
report on a calendar year basis. For example, your fourth quarter
report is your reporting quarter that ends in the fourth calendar
quarter.
C. Extensions — Requests for an extension of the reporting
deadline, if provided in writing, may be considered if it is received
by the September 30 due date. You may fax the request to (301)
278-9506 or e-mail the request to [email protected].
BEA will provide a written response to such a request.
D. Assistance and additional copies of the form — Phone
(301) 278-9303 for assistance. Copies of BEA survey forms are
also available on BEA’s web site: www.bea.gov/ssb.
F. Rounding — Report currency amounts in U.S. dollars rounded
to thousands (omitting 000). For example, if the amount is
$1,334,515.00, report it as $1,335.
G. Estimates — If actual figures are not available, report
estimates and label them as such. When data items cannot
be fully subdivided as required, report totals and an estimated
breakdown of the totals.
H. Original and file copies — File a single original copy of the
form. Please use the copy with the address label if such a labeled
copy has been provided. In addition, retain a copy of the report in
your files to facilitate resolution of problems; these copies should
be retained by the U.S. Reporter for a period of not less than
three years beyond the original due date.
I. Where to send the report – To file a report electronically,
see our web site at www.bea.gov/efile for details.
Send reports through the U.S. Postal Service to:
Bureau of Economic Analysis
Balance of Payments Division, BE-50 (SSB)
4600 Silver Hill Road
Washington, DC 20233
Send reports filed by direct private express delivery to:
Bureau of Economic Analysis
Balance of Payments Division, BE-50 (SSB)
4600 Silver Hill Road
Suitland, MD 20746
Fax reports to: (301) 278-9506
Page 26 www.bea.gov
FORM BE-140 (REV. 11/2018)
OVERFLOW SHEET FOR Schedule A OF FORM BE-140, BENCHMARK SURVEY OF INSURANCE
TRANSACTIONS BY U.S. INSURANCE COMPANIES WITH FOREIGN PERSONS
Company Name ________________________________________
Form BE-140 Schedule A
Control Number________________
This schedule covers transactions with — Check (X) one
Overflow Page # ___ of ___
1 1 ■ Foreign affiliates
1
2 12 ■ Foreign parents and/or other members of the FPG
3 13 ■ Unaffiliated foreign persons
Reinsurance assumed
Country
BEA
USE
ONLY
(1)
01. Country total for this page
(sum of 02–23). . . . . . . . . . . . . . . .
02.
03.
04.
05.
06.
07.
08.
09.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
1
Transaction code 1
Transaction code 2
Transaction code 3
Transaction code 4
Premiums earned
on reinsurance
assumed
Losses incurred
on reinsurance
assumed
Premiums incurred
on reinsurance
ceded
Losses recovered
on reinsurance
ceded
(3)
(4)
(5)
(6)
(2)
2
Reinsurance ceded
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
4
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
5
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
NOTE — You may use this Overflow Sheet if there is insufficient space on the Form BE-140, Schedule A , to list every individual
foreign country with which you had transactions.
FORM BE-140 (REV. 06/2023)
www.bea.gov
Page 27
OVERFLOW SHEET FOR Schedule A OF FORM BE-140, BENCHMARK SURVEY OF INSURANCE
TRANSACTIONS BY U.S. INSURANCE COMPANIES WITH FOREIGN PERSONS
Company Name ________________________________________
Form BE-140 Schedule A
Control Number________________
This schedule covers transactions with — Check (X) one
Overflow Page # ___ of ___
1 1 ■ Foreign affiliates
1
2 12 ■ Foreign parents and/or other members of the FPG
3 13 ■ Unaffiliated foreign persons
Reinsurance assumed
Country
BEA
USE
ONLY
(1)
01. Country total for this page
(sum of 02–23). . . . . . . . . . . . . . . .
02.
03.
04.
05.
06.
07.
08.
09.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
1
Transaction code 1
Transaction code 2
Transaction code 3
Transaction code 4
Premiums earned
on reinsurance
assumed
Losses incurred
on reinsurance
assumed
Premiums incurred
on reinsurance
ceded
Losses recovered
on reinsurance
ceded
(3)
(4)
(5)
(6)
(2)
2
Reinsurance ceded
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
4
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
5
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
NOTE — You may use this Overflow Sheet if there is insufficient space on the Form BE-140, Schedule A , to list every individual
foreign country with which you had transactions.
Page 28 www.bea.gov
FORM BE-140 (REV. 06/2023)
OVERFLOW SHEET FOR Schedule A OF FORM BE-140, BENCHMARK SURVEY OF INSURANCE
TRANSACTIONS BY U.S. INSURANCE COMPANIES WITH FOREIGN PERSONS
Company Name ________________________________________
Form BE-140 Schedule A
Control Number________________
This schedule covers transactions with — Check (X) one
Overflow Page # ___ of ___
1 1 ■ Foreign affiliates
1
2 12 ■ Foreign parents and/or other members of the FPG
3 13 ■ Unaffiliated foreign persons
Reinsurance assumed
Country
BEA
USE
ONLY
(1)
01. Country total for this page
(sum of 02–23). . . . . . . . . . . . . . . .
02.
03.
04.
05.
06.
07.
08.
09.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
1
Transaction code 1
Transaction code 2
Transaction code 3
Transaction code 4
Premiums earned
on reinsurance
assumed
Losses incurred
on reinsurance
assumed
Premiums incurred
on reinsurance
ceded
Losses recovered
on reinsurance
ceded
(3)
(4)
(5)
(6)
(2)
2
Reinsurance ceded
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
4
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
5
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
NOTE — You may use this Overflow Sheet if there is insufficient space on the Form BE-140, Schedule A , to list every individual
foreign country with which you had transactions.
FORM BE-140 (REV. 06/2023)
www.bea.gov
Page 29
OVERFLOW SHEET FOR Schedule B OF FORM BE-140, BENCHMARK SURVEY OF INSURANCE
TRANSACTIONS BY U.S. INSURANCE COMPANIES WITH FOREIGN PERSONS
Company Name ________________________________________
Form BE-140 Schedule B
Control Number________________
This schedule covers transactions with — Check (X) one
Overflow Page # ___ of ___
1 1 ■ Foreign affiliates
1
2 12 ■ Foreign parents and/or other members of the FPG
3 13 ■ Unaffiliated foreign persons
Primary insurance
(1)
01. Country total for this page (sum
of rows 02–23)
02.
03.
04.
05.
06.
07.
08.
09.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
Transaction code 5
Transaction code 6
Transaction code 7
Transaction code 8
Premiums earned
on primary
insurance sold
Losses
incurred on primary
insurance sold
Receipts for
auxiliary insurance
services
Payments for
auxiliary insurance
services
BEA
USE
ONLY
Country
Auxiliary insurance
(2)
(3)
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
(4)
(5)
4
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
(6)
5
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
NOTE — You may use this Overflow Sheet if there is insufficient space on the Form BE-140, Schedule B , to list every individual foreign
country with which you had transactions.
In Columns (3) and (4), only report premiums and losses related to primary (direct) insurance. Reinsurance premiums and losses should be
reported as transaction codes 1 through 4 on Schedule A .
Page 30 www.bea.gov
FORM BE-140 (REV. 06/2023)
OVERFLOW SHEET FOR Schedule B OF FORM BE-140, BENCHMARK SURVEY OF INSURANCE
TRANSACTIONS BY U.S. INSURANCE COMPANIES WITH FOREIGN PERSONS
Company Name ________________________________________
Form BE-140 Schedule B
Control Number________________
This schedule covers transactions with — Check (X) one
Overflow Page # ___ of ___
1 1 ■ Foreign affiliates
1
2 12 ■ Foreign parents and/or other members of the FPG
3 13 ■ Unaffiliated foreign persons
Primary insurance
(1)
01. Country total for this page (sum
of rows 02–23)
02.
03.
04.
05.
06.
07.
08.
09.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
Transaction code 5
Transaction code 6
Transaction code 7
Transaction code 8
Premiums earned
on primary
insurance sold
Losses
incurred on primary
insurance sold
Receipts for
auxiliary insurance
services
Payments for
auxiliary insurance
services
BEA
USE
ONLY
Country
Auxiliary insurance
(2)
(3)
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
(4)
(5)
4
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
(6)
5
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
6
000
6
000
6
000
6
000
6
000
6
000
6
000
6
000
6
000
6
000
6
000
6
000
6
000
6
000
6
000
6
000
6
000
6
000
6
000
6
000
6
000
6
000
NOTE — You may use this Overflow Sheet if there is insufficient space on the Form BE-140, Schedule B , to list every individual foreign
country with which you had transactions.
In Columns (3) and (4), only report premiums and losses related to primary (direct) insurance. Reinsurance premiums and losses should be
reported as transaction codes 1 through 4 on Schedule A .
FORM BE-140 (REV. 06/2023)
www.bea.gov
Page 31
OVERFLOW SHEET FOR Schedule B OF FORM BE-140, BENCHMARK SURVEY OF INSURANCE
TRANSACTIONS BY U.S. INSURANCE COMPANIES WITH FOREIGN PERSONS
Company Name ________________________________________
Form BE-140 Schedule B
Control Number________________
This schedule covers transactions with — Check (X) one
Overflow Page # ___ of ___
1 1 ■ Foreign affiliates
1
2 12 ■ Foreign parents and/or other members of the FPG
3 13 ■ Unaffiliated foreign persons
Primary insurance
(1)
01. Country total for this page (sum
of rows 02–23)
02.
03.
04.
05.
06.
07.
08.
09.
10.
11.
12.
13.
14.
15.
16.
17.
18.
19.
20.
21.
22.
23.
Transaction code 5
Transaction code 6
Transaction code 7
Transaction code 8
Premiums earned
on primary
insurance sold
Losses
incurred on primary
insurance sold
Receipts for
auxiliary insurance
services
Payments for
auxiliary insurance
services
BEA
USE
ONLY
Country
Auxiliary insurance
(2)
(3)
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
(4)
(5)
4
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
(6)
5
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
5
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
6
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
NOTE — You may use this Overflow Sheet if there is insufficient space on the Form BE-140, Schedule B , to list every individual foreign
country with which you had transactions.
In Columns (3) and (4), only report premiums and losses related to primary (direct) insurance. Reinsurance premiums and losses should be
reported as transaction codes 1 through 4 on Schedule A .
Page 32 www.bea.gov
FORM BE-140 (REV. 06/2023)
| File Type | application/pdf |
| File Modified | 2023-10-25 |
| File Created | 2023-09-07 |