BEA 2023 Benchmark Survey

Benchmark Survey of Insurance Transactions by U.S. Insurance Companies with Foreign Persons

BEA 2023 Benchmark Survey

OMB: 0608-0073

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FORM

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).

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●
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)

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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

%

➙ Continue to the next page
●
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 Typeapplication/pdf
File Modified2023-10-25
File Created2023-09-07

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