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BE-45
(REV. 02/2024)
OMB No. 0608-0066: Approval Expires 11/30/2027
BE-45 Identification Number
QUARTERLY SURVEY OF INSURANCE TRANSACTIONS BY U.S.
INSURANCE COMPANIES WITH FOREIGN PERSONS
Name and address of U.S. Reporter
Due date:
Within 30 days of the close of each calendar
quarter (or within 45 days of closing the final
quarter of your calendar year).
00080
Extension information:
See Part VI.C., page 20 of the General
Instructions.
10000
Electronic filing:
www.bea.gov/efile
Company Name:
0
00090
Attention:
0
Address:
0
10001
City:
10003
Zip Code:
Mail via U.S. Postal Service:
Bureau of Economic Analysis
Balance of Payments Division, BE-50 (SSB)
4600 Silver Hill Rd.
Washington, DC 20233
10002 State:
0
0
0
Fax reports to:
(301) 278-9506
Assistance:
E-mail: [email protected]
Telephone: (301) 278-9303
FAQ’s and blank forms: www.bea.gov/ssb
Send via Private Express Delivery:
Bureau of Economic Analysis
Balance of Payments Division, BE-50 (SSB)
4600 Silver Hill Rd.
Suitland, MD 20746
BE-45 Filing Requirements:
A response is required if you are notified by BEA about this survey. A BE-45 survey must be completed in its entirety by U.S. insurance companies
whose combined reportable insurance transactions with foreign persons exceeded $8 million (based on absolute value) during the previous
calendar year, or are expected to exceed that amount during the current calendar year. See Part 1.A on page 17 of the General Instructions for
more information on who must report and reporting requirements.
Authority, Confidentiality, Penalties
This survey is authorized by the International Investment and Trade in Services Survey Act (P.L. 94-472, 90 Stat. 2059, 22 U.S.C. 3101-3108,
as amended). 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 17 of the General Instructions for additional details.
Contact Information
Alternate Contact Information
Provide information of person to consult about this report:
Name and Title
Name and Title
10004
0
10008
Telephone Number
10005
10006
Telephone Number
—
— — — - — — — —
Fax Number
0
(— — —) — — — - — — — —
E-mail Address
(—
— —) — — — - — — — —
10010 (
— — —) — — — - — — — —
E-mail Address
—)
10009
(—
Fax Number
10007
10011
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 except that, in accordance with Part VI.F. of the General Instructions, estimates may have been provided.
Signature of Authorized Official
Date
Telephone Number
10027
Name
10012
0
Title
(—
— —) — — — - — — — —
Identification of U.S. Reporter
1 What is the U.S. Reporter’s calendar quarter covered in this report?
Month
Day
Year
10013 1
Beginning date. . . . . . .
__ __ / __ __ / __ __ __ __
Month
Day
Year
10014 1
Ending date. . . . . . . . . .
__ __ / __ __ / __ __ __ __
2 What was the status of the U.S. Reporter during the reporting period identified in question 1 ?
10017
1
1
■ In existence the entire reporting period — Continue filling out this form.
2 ■ In existence during only part of the reporting period — Continue filling out this form for the portion of the reporting period your
1
company was in existence and, in the comments section below, explain why your company did not exist for a part of the period.
1
3
■ Not in existence during the reporting period — In the comments section below, explain why your company was not in existence
during the reporting period. Please return the form according to instructions on page 1.
3
Was the U.S. Reporter owned more than 50 percent by another U.S. entity or business enterprise at any point during the reporting period
identified in question 1 ? See Part IV.E, page 18 of the General Instructions for the definition of U.S. business enterprise.
10018
1
1
■ No — Continue filling out this form.
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,
1
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
0
Comments
10022
Contact name
0
10023
Phone number
0
10024
Address — Number and Street
0
10025
City, State, Zip
0
10026
4 What is the U.S. Reporter’s principal line of insurance?
10019
1
1
1
2
■ Life insurance
■ Property and casualty insurance
1
0
3 ■ Other — Specify
10020
5 What best describes the U.S. Reporter’s insurance operations?
10021
■ Insurance company
2 ■ Insurance broker
1
3 ■ Insurance group — Please attach a list of member companies that are consolidated in this report.
1
1
1
6 What is the primary Employer Identification Number used by the U.S. Reporter to file U.S. income or payroll taxes?
10016
1
___ ___ – ___ ___ ___ ___ ___ ___ ___
Page 2
FORM BE-45 (REV. 02/2024)
Identification of U.S. Reporter – Continued
7 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 5.
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.
10015
1
__ __ __ __
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 percent
of the consolidated domestic U.S. Reporter’s sales are generated by Affiliate A, an insurance carrier, except direct life insurance carriers
(NAICS 5243), and 40 percent of the consolidated domestic U.S. Reporter’s sales are generated by Affiliate B, a direct insurance carrier
(NAICS 5249), then you should report your NAICS as 5243.
Consolidated domestic
U.S. Reporter
($50 Million Total Sales)
U.S. Affiliate A
NAICS 5243
($30 Million Total Sales)
Use NAICS 5243 because U.S. Affiliate
A’s sales are greater than U.S. Affiliate
B’s.
U.S. Affiliate B
NAICS 5249
($20 Million Total Sales)
➙ Continue to page 5
●
FORM BE-45 (REV. 02/2024)
Page 3
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
Page 4
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
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 Nondepository 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
FORM BE-125 (REV. 02/2024)
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 the next page. Additional information, including FAQ’s and video tutorials, can be found at: www.bea.gov/ssb.
* Person, 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).
✓
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 7 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.).
Reserve transfers or recaptures of reserves.
More information about the scope and purpose of this survey can be found in the General Instructions beginning on page 18.
➙ Continue to the next page
●
FORM BE-45 (REV. 02/2024)
Page 5
Determination of Reporting Status
8 In the table below, indicate whether the U.S. Reporter had the transactions listed in the prior year, or if the U.S. Reporter expects to have
transactions in the current year by marking “Yes” or “No in column 3.
See additional information for Part II on page 18, and Part V on page 19, of the General Instructions for more details on reportable transactions.
NOTE – Exclude transfers or recaptures of reserves when determining your responses below. Such transactions are not reportable on the BE-45
survey.
Transaction
code
Transaction Type
Had transactions with
foreign persons in
the previous year, or
had/expects to have,
transactions with foreign
persons during the current
year
(1)
(2)
(3)
1
Premiums earned on reinsurance assumed from insurance companies resident abroad
20001
2
Premiums incurred on reinsurance ceded to insurance companies
resident abroad
20002
3
Losses incurred on reinsurance assumed from insurance companies
resident abroad
20003
4
Losses recovered on reinsurance ceded to insurance companies
resident abroad
20004
5
Premiums earned from primary insurance sold to foreign persons
20005
6
Losses incurred on primary insurance sold to foreign persons
20006
7
Auxiliary insurance services, receipts
20007
8
Auxiliary insurance services, payments
20008
(4)
1
1 ■ Yes
2 ■ No
Schedule A
1
1 ■ Yes
2 ■ No
Schedule A
1
1 ■ Yes
2 ■ No
Schedule A
1
1 ■ Yes
2 ■ No
Schedule A
1
1 ■ Yes
2 ■ No
Schedule B
1
1 ■ Yes
2 ■ No
Schedule B
1
1 ■ Yes
2 ■ No
Schedule B
1
1 ■ Yes
2 ■ No
Schedule B
9 Did you check “Yes” for any type of transaction in Column 3?
20010 1
1
If “Yes” in column 3,
report transactions on:
1
2
■ Yes — Continue to the next question.
■ No — Stop here and return pages 1 through 6 according to the instructions on page 1.
10 Did the U.S. Reporter’s combined total reportable transactions with foreign persons exceed $8 million (based on absolute value) in the
previous year, or are they expected to exceed that amount in the current year?
20011
1
■1 Yes — For each transaction type greater than $500.00 during the reporting period, you are required to report additional details
on the country and affiliation to the foreign transactor(s) on Schedules A or B as indicated in the table above. Continue to the
next page for additional reporting instructions.
1
2
■ No — Stop here and return pages 1 through 6 according to the instructions on page 1.
Comments
Page 6
FORM BE-45 (REV. 02/2024)
For Reporters of Primary Insurance Services
11 Will you be reporting premiums earned or losses incurred on primary insurance on Schedule B ?
■ Yes — Continue to the next question.
■ No — Skip Question 12 and continue to the appropriate Schedule(s) on the following pages and report any
transactions subject to reporting additional country detail as indicated in Question 8 .
12
Indicate the principal line of primary insurance sold by the U.S. Reporter to foreign persons.
NOTE – The insurance category selected should be based on the activity representing that largest percentage of the U.S. Reporter’s
operations, taking into consideration which features are predominant, i.e. the investment component or the component whereby
claims are paid only if the insured event occurs
Principal Line of Primary Insurance Sold to Foreign Persons (Check One)
Insurance with an investment component (including whole life insurance)
Freight insurance
Property and casualty insurance
Other (including term life insurance and health insurance) - Specify
➙ Continue to the next page
●
Page 7
www.bea.gov
FORM BE-140 (REV. 06/2023)
Understanding Reporting Relationships
(For use on Schedules A and B )
Transactions accrued during the reporting period 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 an entity 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 Parent Group – A Foreign Parent Group means all of the following:
(i) the foreign parent, which is the first entity 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 entity proceeding up the foreign parent’s ownership chain, that owns more than 50 percent of the entity below it up to and including the
entity that is not owned more than 50 percent by another foreign entity,
(iii) any foreign entity, proceeding down the ownership chain(s) of each of these members, that is owned more than 50 percent by the entity above it.
Unaffiliated Foreign Persons – An unaffiliated foreign person is an entity 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. Additional reporting instructions are provided prior to
each Schedule on pages 9 and 13.
COMPANY A (Germany)
Foreign Parent of the Consolidated domestic
U.S. Reporter
COMPANY B (Germany)
49% owned by Company A
Member of Foreign Parent Group
Unaffiliated Foreign Person
Owns 100% of Company C and the
Consolidated U.S. Reporter
NOTE: “Company B” is not part of the foreign
parent group since it is not owned, nor does
it own another foreign entity, 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.
CONSOLIDATED DOMESTIC
U.S. REPORTER
(USA)
COMPANY C (France)
Wholly owned by Company A
Member of Foreign Parent Group
(The U.S. person filing this BE-45)
Owns >10% of Companies D, E, and F
COMPANY E (Mexico)
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-45 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
➙ Continue to
●
FORM BE-45 (REV. 02/2024)
Schedules A and B as indicated, based on your response to question 8 on page 6.
Page 8
Reporting Instructions for Schedule A
IMPORTANT – Only report transactions accrued during the reporting period. 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.
How to Report:
1) Use the following Schedule A’s on pages 10–12 to report your quarterly reinsurance transactions based on your relationship with the
foreign person(s) (see page 8 for more information on reporting relationships):
Schedule
Relationship with the consolidated domestic U.S. Reporter
Page
A1
Foreign affiliates
10
A2
Foreign parent group
11
A3
Unaffiliated foreign persons
12
2) Enter the country(ies) of the transactor(s) in the first column of Schedule A .
3) Report the U.S. Reporter’s quarterly reinsurance transactions with the foreign transactor in the appropriate column based on the
transaction type:
• Transaction code 1 – Quarterly premiums earned on reinsurance assumed
• Transaction code 2 – Quarterly premiums incurred on reinsurance ceded
• Transaction code 3 – Quarterly losses incurred on reinsurance assumed
• Transaction code 4 – Quarterly losses recovered on reinsurance ceded
Example:
The U.S. Reporter had a total of $3,525,000 in quarterly premiums incurred on reinsurance ceded from its foreign parent group in Germany.
A2
Foreign parent group
Page 11
Per the table above, premiums incurred on reinsurance ceded from the foreign parent group are reportable on Schedule A2 , which is on page 10.
On Schedule A2 , select “Germany” from the dropdown box in column 1. Enter “3525” under transaction code 2.
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 group
BEA
USE
ONLY
Country
1.
Germany
001
1
2
Reinsurance premiums
Reinsurance losses
Transaction code 1
Transaction code 2
Transaction code 3
Transaction code 4
Quarterly premiums
earned on reinsurance
assumed
Quarterly premiums
incurred on reinsurance
ceded
Quarterly losses
incurred on reinsurance
assumed
Quarterly losses
recovered on
reinsurance ceded
3
000
4
3525 000
5
000
6
000
NOTE – Do not report reserve transfers or recaptures of reserves.
Quarterly premiums and losses should be calculated as follows:
For property and casualty insurance companies
Calculate transaction codes 1 and 2 as follows: Premiums written (transaction code 1) or ceded (transaction code 2) during the quarter, plus unearned
premiums at the beginning of the quarter, minus unearned premiums at the end of the quarter. 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 transaction codes 3 and 4 as follows: Losses paid (transaction code 3) or recovered (transaction code 4) during the quarter, plus case reserves
at the end of the quarter, plus losses incurred but not reported at the end of the quarter, minus case reserves at the beginning of the quarter, minus
losses incurred but not reported at the beginning of the quarter. 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 2) 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 quarter. 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 3) 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.
Page 9
FORM BE-45 (REV. 02/2024)
SCHEDULE A1 – Quarterly Reinsurance Transactions with Foreign Affiliates
Are you reporting transactions with foreign affiliates ?
21000
1 11■ Yes
• If you checked “Yes” for transaction codes 1–4 in Column 3 of question 8 , and you had transactions of this type with your foreign affiliates ,
reporting below is mandatory.
• Report all currency amounts in thousands of dollars. Example: If the amount is $1,555,555.00 report as 1,556.
• Round amounts less than $500.00 to 0.
• To report additional countries, use the overflow sheet provided on page 21 (eFile users – select “Add overflow” from the survey selection page).
• For additional instructions, see Part V on page 19 of the General Instructions.
NOTE – Do not report reserve transfers or recaptures of reserves.
Transactions with foreign affiliates
Country
1. Total, lines 2–32 of this page
001
2.
002
3.
003
4.
004
5.
005
6.
006
7.
007
8.
008
9.
009
10.
010
11.
011
12.
012
13.
013
14.
014
15.
015
16.
016
17.
017
18.
018
19.
019
20.
020
21.
021
22.
022
23.
023
24.
024
25.
025
26.
026
27.
027
28.
028
29.
029
30.
030
31.
32. Countries with which transactions
031
were less than $50,000.00 each, total 032
FORM BE-45 (REV. 02/2024)
Reinsurance premiums
BEA
USE
ONLY
Transaction Code 1
Transaction Code 2
Transaction Code 3
Transaction Code 4
Quarterly premiums
earned on reinsurance
assumed
Quarterly premiums
incurred on reinsurance
ceded
Quarterly losses
incurred on reinsurance
assumed
Quarterly losses
recovered on
reinsurance ceded
4
5
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
2
3
1
709
Reinsurance losses
000
000
000
000
000
000
000
000
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
000
000
000
000
000
000
000
000
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
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
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
Page 10
SCHEDULE A2 – Quarterly Reinsurance Transactions with the foreign parent group
Are you reporting transactions with your foreign parent group ?
22000
2 12 ■ Yes
• If you checked “Yes” for transaction codes 1–4 in Column 3 of question 8 , and you had transactions of this type with your foreign parent
group , reporting below is mandatory.
• Report all currency amounts in thousands of dollars. Example: If the amount is $1,555,555.00 report as 1,556.
• Round amounts less than $500.00 to 0.
• To report additional countries, use the overflow sheet provided on page 21 (eFile users – select “Add overflow” from the survey selection page).
• For additional instructions, see Part V on page 19 of the General Instructions.
NOTE – Do not report reserve transfers or recaptures of reserves.
Transactions with foreign parent group
BEA
USE
ONLY
Country
1. Total, lines 2–32 of this page
001
2.
002
3.
003
4.
004
5.
005
6.
006
7.
007
8.
008
9.
009
10.
010
11.
011
12.
012
13.
013
14.
014
15.
015
16.
016
17.
017
18.
018
19.
019
20.
020
21.
021
22.
022
23.
023
24.
024
25.
025
26.
026
27.
027
28.
028
29.
029
30.
030
31.
32. Countries with which transactions
031
were less than $50,000.00 each, total 032
Page 11
Reinsurance premiums
Transaction Code 1
Transaction Code 2
Transaction Code 3
Transaction Code 4
Quarterly premiums
earned on reinsurance
assumed
Quarterly premiums
incurred on reinsurance
ceded
Quarterly losses
incurred on reinsurance
assumed
Quarterly losses
recovered on
reinsurance ceded
4
5
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
2
3
1
709
Reinsurance losses
000
000
000
000
000
000
000
000
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
000
000
000
000
000
000
000
000
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
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
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
FORM BE-45 (REV. 02/2024)
SCHEDULE A3 – Quarterly Reinsurance Transactions with Unaffiliated Foreign Persons
Are you reporting transactions with unaffiliated foreign persons ?
23000
3 13 ■ Yes
• If you checked “Yes” for transaction codes 1–4 in Column 3 of question 8 , and you had transactions of this type with unaffiliated foreign
persons , reporting below is mandatory.
• Report all currency amounts in thousands of dollars. Example: If the amount is $1,555,555.00 report as 1,556.
• Round amounts less than $500.00 to 0.
• To report additional countries, use the overflow sheet provided on page 21 (eFile users – select “Add overflow” from the survey selection page).
• For additional instructions, see Part V on page 19 of the General Instructions.
NOTE – Do not report reserve transfers or recaptures of reserves.
Transactions with unaffiliated foreign persons
BEA
USE
ONLY
Country
1. Total, lines 2–32 of this page
001
2.
002
3.
003
4.
004
5.
005
6.
006
7.
007
8.
008
9.
009
10.
010
11.
011
12.
012
13.
013
14.
014
15.
015
16.
016
17.
017
18.
018
19.
019
20.
020
21.
021
22.
022
23.
023
24.
024
25.
025
26.
026
27.
027
28.
028
29.
029
30.
030
31.
32. Countries with which transactions
031
were less than $50,000.00 each, total 032
FORM BE-45 (REV. 02/2024)
Reinsurance premiums
Transaction Code 1
Transaction Code 2
Transaction Code 3
Transaction Code 4
Quarterly premiums
earned on reinsurance
assumed
Quarterly premiums
incurred on reinsurance
ceded
Quarterly losses
incurred on reinsurance
assumed
Quarterly losses recovered on
reinsurance ceded
4
5
6
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
2
3
1
709
Reinsurance losses
000
000
000
000
000
000
000
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
000
000
000
000
000
000
000
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
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
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
000
000
000
000
000
000
000
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 12
Reporting Instructions for Schedule B
IMPORTANT – Only report transactions accrued during the reporting period. 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.
How to Report:
1) Report all 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.
Use the following Schedule B’s on pages 14-16 to report your quarterly primary and auxiliary insurance transactions based on your relationship
with the foreign person(s) (see page 8 for more information on reporting relationships):
Schedule
Relationship with the consolidated domestic U.S. Reporter
Page
B1
Foreign affiliates
14
B2
Foreign parent group
15
B3
Unaffiliated foreign persons
16
2) Enter the country(ies) of the transactor(s) in the first column of Schedule B .
3) Report the U.S. Reporter’s quarterly primary and auxiliary Insurance transactions with the foreign transactor in the appropriate column based on the
transaction type:
• Transaction Code 5 – Quarterly premiums earned on primary insurance sold
• Transaction Code 6 – Quarterly losses incurred on primary insurance sold
• Transaction Code 7 – Quarterly auxiliary insurance receipts
• Transaction Code 8 – Quarterly auxiliary insurance payments
Example:
The U.S. Reporter had a total of $6,325,000 in quarterly losses incurred on primary insurance sold to its foreign parent group in Switzerland.
B2
Foreign parent group
Page 15
Per the table above, losses incurred on primary insurance sold to the foreign parent group are reportable on Schedule B2 , which is on page 15.
On Schedule B2 , enter “Switzerland” from the dropdown box in column 1. Enter “6325” under transaction code 6.
Example
Transactions with foreign parent group
BEA
USE
ONLY
Country
1.
Switzerland
001
1
2
Primary insurance
Auxiliary insurance
Transaction Code 5
Transaction Code 6
Transaction Code 7
Transaction Code 8
Quarterly premiums
earned on primary
insurance sold
Quarterly losses
incurred on primary
insurance sold
Quarterly receipts
Quarterly payments
3
000
4
6325 000
5
000
6
000
Quarterly transactions should be calculated as follows:
For property and casualty insurance companies (Columns 3 and 4)
Report premiums (transaction code 5) as follows: Premiums written during the current quarter, plus unearned premiums at the beginning of the current
quarter, minus unearned premiums at the end of the current quarter. 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.
Report losses incurred (transaction code 6) as follows: Losses paid during the quarter, plus case reserves at the end of the current quarter, plus losses
incurred but not reported at the end of the current quarter, minus case reserves at the beginning of the current quarter, minus losses incurred but not
reported at the beginning of the current quarter. Losses paid or recovered should not include loss adjustment expenses (reportable under transaction
codes 7 and 8).
For life insurance companies (Columns 3 and 4)
Report premiums earned (transaction code 5) as follows: These amounts should be adjusted for changes in due, deferred, and advanced premiums for
the current year. 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 paid reflect policy claims on reinsurance assumed or ceded, adjusted for changes in claims due, unpaid,
and in the course of settlement.
Auxiliary insurance services (Columns 5 and 6)
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.
Page 13
FORM BE-45 (REV. 02/2024)
SCHEDULE B1 – Quarterly Primary and Auxiliary Insurance Transactions with Foreign Affiliates
Are you reporting transactions with foreign affiliates ?
1
31000 1 1 ■ Yes
• If you checked “Yes” to any of the transaction codes 5-8 in Column 3 of question 8 , and you had transactions of this type with your foreign
affiliates , reporting below is mandatory.
• Report all currency amounts in thousands of dollars. Example: If the amount is $1,555,555.00 report as 1,556.
• Round amounts less than $500.00 to 0.
• To report additional countries, use the overflow sheet provided on page 22 (eFile users – select “Add overflow” from the survey selection page).
• For additional instructions, see Part V on page 19 of the General Instructions.
NOTE — For transaction codes 5 and 6, only report premiums and losses related to primary (direct) insurance. Reinsurance premiums and losses
should be reported as transaction codes 1 and 2 on Schedule A .
Transactions with foreign affiliates
Primary insurance
BEA
USE
ONLY
Country
1. Total, lines 2–32 of this page
001
2.
002
3.
003
4.
004
5.
005
6.
006
7.
007
8.
008
9.
009
10.
010
11.
011
12.
012
13.
013
14.
014
15.
015
16.
016
17.
017
18.
018
19.
019
20.
020
21.
021
22.
022
23.
023
24.
024
25.
025
26.
026
27.
027
28.
028
29.
029
30.
030
31.
32. Countries with which transactions
were less than $50,000.00 each, total
FORM BE-45 (REV. 02/2024)
031
032
Transaction Code 5
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
2
3
1
709
Transaction Code 6
Transaction Code 7
Transaction Code 8
Quarterly losses
incurred on primary
insurance sold
Quarterly receipts
Quarterly payments
Quarterly
premiums earned
on primary
insurance sold
1
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
000
Auxiliary insurance
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
4
000
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
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
000
000
000
000
000
000
000
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 14
SCHEDULE B2 – Quarterly Primary and Auxiliary Insurance Transactions with the foreign parent group
Are you reporting transactions with your foreign parent group ?
1
32000 2 2 ■ Yes
• If you checked “Yes” to any of the transaction codes 5-8 in Column 3 of question 8 , and you had transactions of this type with your foreign
parent group , then reporting below is mandatory.
• Report all currency amounts in thousands of dollars. Example: If the amount is $1,555,555.00 report as 1,556.
• Round amounts less than $500.00 to 0.
• To report additional countries, use the overflow sheet provided on page 22 (eFile users – select “Add overflow” from the survey selection page).
• For additional instructions, see Part V on page 19 of the General Instructions.
NOTE — For transaction codes 5 and 6, only report premiums and losses related to primary (direct) insurance. Reinsurance premiums and losses
should be reported as transaction codes 1 and 2 on Schedule A .
Transactions with foreign parent group
Primary insurance
BEA
USE
ONLY
Country
1. Total, lines 2–32 of this page
001
2.
002
3.
003
4.
004
5.
005
6.
006
7.
007
8.
008
9.
009
10.
010
11.
011
12.
012
13.
013
14.
014
15.
015
16.
016
17.
017
18.
018
19.
019
20.
020
21.
021
22.
022
23.
023
24.
024
25.
025
26.
026
27.
027
28.
028
29.
029
30.
030
31.
32. Countries with which transactions
031
were less than $50,000.00 each, total
Page 15
032
Transaction Code 5
Transaction Code 6
Transaction Code 7
Transaction Code 8
Quarterly
premiums earned
on primary insurance
sold
Quarterly losses
incurred on primary
insurance sold
Quarterly receipts
Quarterly payments
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
2
3
1
709
Auxiliary insurance
000
000
000
000
000
000
000
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
000
000
000
000
000
000
000
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
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
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
000
000
000
000
000
000
000
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-45 (REV. 02/2024)
SCHEDULE B3 – Quarterly Primary and Auxiliary Insurance Transactions with Unaffiliated Foreign Persons
Are you reporting transactions with unaffiliated foreign persons ?
1
33000 3 3 ■ Yes
• If you checked “Yes” to any of the transaction codes 5-8 in Column 3 of question 8 , and you had transactions of this type with unaffiliated
foreign persons , then reporting below is mandatory.
• Report all currency amounts in thousands of dollars. Example: If the amount is $1,555,555.00 report as 1,556.
• Round amounts less than $500.00 to 0.
• To report additional countries, use the overflow sheet provided on page 22 (eFile users – select “Add overflow” from the survey selection page).
• For additional instructions, see Part V on page 19 of the General Instructions.
NOTE — For transaction codes 5 and 6, only report premiums and losses related to primary (direct) insurance. Reinsurance premiums and losses
should be reported as transaction codes 1 and 2 on Schedule A .
Transactions with unaffiliated foreign persons
Primary insurance
BEA
USE
ONLY
Country
1. Total, lines 2–32 of this page
001
2.
002
3.
003
4.
004
5.
005
6.
006
7.
007
8.
008
9.
009
10.
010
11.
011
12.
012
13.
013
14.
014
15.
015
16.
016
17.
017
18.
018
19.
019
20.
020
21.
021
22.
022
23.
023
24.
024
25.
025
26.
026
27.
027
28.
028
29.
029
30.
030
31.
32. Countries with which transactions
031
were less than $50,000.00 each, total
FORM BE-45 (REV. 02/2024)
032
Transaction Code 5
Transaction Code 6
Transaction Code 7
Transaction Code 8
Quarterly premiums
earned on primary
insurance sold
Quarterly losses
incurred on primary
insurance sold
Quarterly receipts
Quarterly payments
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
2
3
1
709
Auxiliary insurance
000
000
000
000
000
000
000
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
000
000
000
000
000
000
000
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
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
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
000
000
000
000
000
000
000
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 16
GENERAL INSTRUCTIONS
Public reporting burden for this BE-45 report is estimated to average 9
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), 4600 Silver Hill Rd., Washington, DC 20233; and to the Office
of Management and Budget, Paperwork Reduction Project 0608-0066,
Washington, DC 20503.
Purpose — Reports on this form are required to obtain reliable and up-to-date
information on transactions between U.S. insurance companies and foreign
persons. The data will be used in compiling the U.S. international transactions
accounts and the 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 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, and, if
an individual, may be imprisoned for not more than one year, or both. Any
officer, director, employee, or agent of any entity 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 Office
of Management and Budget (OMB) control number is not displayed on the
form. The control number for Form BE-45 (0608-0066) 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 — A response is required from each U.S. insurance
company that was notified by BEA about the survey.
1. Mandatory reporting, voluntary reporting, and exemptions
a. Mandatory reporting
A complete BE-45 report is required from each U.S. insurance
company that engaged in reinsurance transactions with foreign
persons, that earned premiums from, or incurred losses to, foreign
persons in the capacity of primary insurers, or that engaged in
international sale or purchase transactions in services auxiliary
to insurance. Filing is mandatory if the U.S. Reporter’s combined
reportable transactions exceeded $8 million (based on absolute value)
in the previous calendar year or are expected to exceed that amount
during the current calendar year, on an accrual basis: (1) premiums
earned, and (2) losses, on reinsurance assumed; (3) premiums
incurred, and (4) losses, on reinsurance ceded; (5) premiums earned,
and (6) losses, on primary insurance sold; (7) sales of, and (8)
purchases of, auxiliary insurance services.
b. Voluntary reporting
If, in the previous year, combined reportable transactions were $8
million or less (based on absolute value), on an accrual basis, and are
Page 17
expected to be less than that amount in the current year, then the U.S.
insurance company may report transactions at a country and affiliation
level of detail on the applicable mandatory schedule(s). Provision of
this additional detail is voluntary. The estimates may be judgmental,
that is, based on recall, without conducting a detailed records search.
c. Exemption
A U.S. insurance company receiving this form from BEA is not
required to report data if transactions fall below the threshold
described in Part I.A.1.a. However, it must complete and return the
survey through page 6.
B. Consolidation — A U.S. enterprise should file a single Form BE-45
covering combined (total) insurance services transactions of all its
domestic subsidiaries, and parts, that are insurance services providers.
1. Consolidating unincorporated enterprises
Consolidate into your BE-45 report the transactions of unincorporated
enterprises in which your company has voting control. Please see
the following items on determining the voting interest in typical
unincorporated enterprises.
Partnerships – Most partnerships are either general partnerships or
limited partnerships. Consolidation of partnerships and inclusion of
their insurance services transactions (purchases and sales) on the
BE-45 survey is based on voting control.
a. General partnerships
Determination of voting interest – The determination of the
percentage of voting interest of a general partner is based on who
controls the partnership. The percentage of voting interest is not
based on the percentage of ownership in the partnership’s equity.
The general partners are presumed to control a general partnership.
Unless a clause to the contrary is contained in the partnership
agreement, a general partnership is presumed to be controlled
equally by each of the general partners.
Managing partners – If one general partner is designated as the
managing partner, responsible for the day-to-day operations of
the partnership, this does not necessarily transfer control of the
partnership to the managing partner. If the managing partner must
obtain approval for annual operating budgets and for decisions
relating to significant management issues from the other general
partners, then the managing partner does not have a 100 percent
voting interest in the partnership.
b. Limited partnerships
Determination of voting interest – The determination of the
percentage of voting interest in a limited partnership is based on
who controls the partnership. The percentage of voting interest is not
based on the percentage of ownership in the partnership’s equity.
In most cases, the general partner is presumed to control a limited
partnership, and therefore, have a 100 percent voting interest in
the limited partnership. If there is more than one general partner,
the partnership is presumed to be controlled equally by each of the
general partners, unless a clause to the contrary is contained in the
partnership agreement. Therefore, unless a clause to the contrary
is contained in the partnership agreement, limited partners are
presumed to have zero voting interest in a limited partnership.
Managing partners – See discussion under “General Partnerships”
above.
c. Limited Liability Companies (LLCs)
Determination of voting interest – The determination of the percentage
of voting interest in an LLC is based on who controls the LLC. The
percentage of voting interest is not based on the percentage of
ownership in the LLC’s equity. LLCs are presumed to be controlled
equally by each of its members (owners), unless a clause to the
contrary is contained in the articles of organization or in the operating
agreement.
Managing member – If one member is designated as the managing
member responsible for the day-to-day operations of the LLC, this does
not necessarily transfer control of the LLC to the managing member.
If the managing member must obtain approval for annual operating
FORM BE-45 (REV. 02/2024)
GENERAL INSTRUCTIONS — Continued
budgets and for decisions relating to other significant management issues
from the other members, then the managing member does not have a
100 percent voting interest in the LLC.
C. 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 (Part V. for more information on reporting
relationships). File separate schedules to report transactions with
(1) your foreign affiliates, (2) your 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. Finite insurance and finite reinsurance — Finite insurance and
reinsurance contracts transfer a limited amount of insurance risk from
the policyholder to the insurer with the policyholder retaining a significant
portion of that risk. Contract terms and features that can limit the transfer
of insurance risk include the following: (1) Contract terms that result
in the premium paid by the policyholder plus anticipated investment
income earned by the insurer on that premium approximately equaling
the reimbursements (including claim recoveries and any contract
adjustments) expected by the policyholder from the insurer, (2) Adjustable
features that result in profit-and-loss sharing arrangements between the
policyholder and the insurer, (3) A contract coverage period that extends
beyond one year and premiums for subsequent periods that may depend
on the loss experience of earlier years, (4) Limits on the amount of claims
to be paid by the insurer, (5) Loss corridors that limit or eliminate the risk
of loss for a specified percentage or dollar amount of claims within the
range of contract coverage, (6) Favorable contract termination provisions,
for example, that would result in a loss to the policyholder, (7) Premiums
that are a substantial percentage of the maximum coverage provided.
Types of finite insurance include, but are not limited to, loss portfolio
transfers, adverse development coverages, and spread loss coverages.
There may be other types of finite reinsurance that are not explicitly listed
but are substantially identical in function and should not be reported on
the survey as well.
B. Do not report reserve transfers or recaptures of reserves on the inception
or termination of reinsurance contracts. Such amounts do not represent
the provision of a service, and should be excluded from reporting on the
BE-45 survey. Only include current premiums on transferred amounts.
C. 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.
D. Do not report transactions with foreigners made by your foreign affiliates
for their own account.
E. Do not report premiums to, or losses from, foreign insurance companies
FORM BE-45 (REV. 02/2024)
on primary or direct 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 Form BE-125, Quarterly Survey of
Transactions in Selected Services and Intellectual Property with Foreign
Persons.
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 several
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. 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. United States 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.
E. 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 D above.)
F. 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.
G. 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.
H. Foreign parent group means: (i) the foreign parent, which is the first
entity outside the United States in a foreign chain of ownership, which
owns at least 10 percent (based on voting interest), directly or indirectly,
of the consolidated domestic U.S. business enterprise. (ii) any foreign
entity, proceeding up the foreign parent’s ownership chain, which owns
more than 50 percent of the entity below it up to and including that entity
which is not owned more than 50 percent by another foreign entity, and
(iii) any foreign entity, proceeding down the ownership chain(s) of each
of these members, which is owned more than 50 percent by the entity
above it.
I. Affiliate means a business enterprise located in one country which 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.
Page 18
GENERAL INSTRUCTIONS — Continued
2. U.S. affiliate means an affiliate located in the United States in which a
foreign person has direct investment.
J. 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.
K. Affiliated foreign person means, with respect to a given U.S. person
in a direct investment relationship, (i) a foreign affiliate of which the U.S.
person is a U.S. parent, or (ii) the foreign parent or other member of the
foreign parent group of which the U.S. person is a U.S. affiliate.
L. 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.
M. Country means the country of location of the foreign person with whom a
transaction has occurred.
V. OTHER INSTRUCTIONS
A. Distinguishing between unaffiliated and affiliated transactions
This survey covers U.S. insurance companies’ direct transactions with
affiliated and unaffiliated foreign persons.
Examples of affiliated transactions are:
1. A transaction between a U.S. insurance company (U.S. parent) and its
foreign affiliate.
2. A transaction between a U.S. insurance company (U.S. affiliate) and
its foreign parent(s) or member(s) of the foreign parent group(s).
Examples of unaffiliated transactions are:
1. A transaction between a U.S. insurance company and an unaffiliated
foreign person.
2. A transaction between one U.S. insurance company and another U.S.
insurance company’s foreign affiliate. Such a transaction is reportable by
the first U.S. insurance company.
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.
COMPANY A (Germany)
Foreign Parent of the
Consolidated Domestic U.S.
Reporter
COMPANY B
(Germany)
Member of Foreign Parent
Group
49% owned by
Company A
Unaffiliated Foreign
Person
NOTE: “Company B” is not
part of the foreign parent
group since it is not owned,
nor does it own another foreign entity, 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.
Owns 100% of Company C,
and the Consolidated U.S.
Reporter
Owns >10% of Companies D,
E and F
Company D’s transactions
with foreign persons are
consolidated into the U.S.
Reporter’s BE-45 filing
Foreign Affiliate
Member of Foreign
Parent Group
(The U.S. person filing this
BE-45)
Subsidiary, owned 100%
by Consolidated
domestic U.S. Reporter
20% owned by
Consolidated
domestic U.S.
Reporter
Wholly owned by
Company A
CONSOLIDATED
DOMESTIC U.S. REPORTER
COMPANY D (USA)
COMPANY E
(Mexico)
COMPANY C
(France)
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
2. A transaction between a U.S. parent’s foreign affiliate and another
foreign person.
B. Understanding the U.S. insurance company’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 an entity domiciled in
a foreign country that is owned at least 10 percent, directly or indirectly, by
the U.S. Reporter.
Foreign parent group means all of the following:
(i) the foreign parent, which is the first entity 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 entity proceeding up the foreign parent’s ownership
chain, that owns more than 50 percent of the entity below it up to and
including the entity that is not owned more than 50 percent by another
foreign entity,
(iii) any foreign entity that, proceeding down the ownership chain(s) of each of
these members, is owned more than 50 percent by the entity above it.
Unaffiliated foreign persons – An unaffiliated foreign person is an entity
domiciled abroad that is not owned, or is owned less than ten percent,
directly or indirectly, by the U.S. Reporter or the U.S. Reporter’s foreign
parent.
The diagram in the next column illustrates each of these relationships with
regards to the U.S. Reporter.
Page 19
VI. SPECIFIC ITEM INSTRUCTIONS
Schedule A
How to calculate transaction codes 1–4
NOTE – Do not include transfers of reserves, and/or recaptures of reserves, on Schedule A. Such transactions should be excluded from reporting on the BE-45 survey. If you have reported these transactions in your
data during previous quarters, please provide details about the timing and
amount of the transactions in the comment box provided on page 6 of this
survey. Only report current premiums on transferred amounts.
For property and casualty insurance companies
Calculate transaction codes 1 and 2 as follows: Premiums written
(transaction code 1) or ceded (transaction code 2) during the quarter,
plus unearned premiums at the beginning of the quarter, minus unearned
premiums at the end of the quarter. 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 transaction codes 3 and 4 as follows: Losses paid (transaction
code 3) or recovered (transaction code 4) during the quarter, plus case
reserves at the end of the quarter, plus losses incurred but not reported at
the end of the quarter, minus case reserves at the beginning of the quarter,
minus losses incurred but not reported at the beginning of the quarter.
Losses paid or recovered should not include loss adjustment expenses
(reportable on Schedule B).
FORM BE-45 (REV. 02/2024)
GENERAL INSTRUCTIONS — Continued
For life insurance companies
Premiums received (transaction code 1) and paid (transaction code 2) 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 quarter. 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 3) 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.
E. 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.
F. 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.
G. Original and file copies — File a single original copy of the form. 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.
H. Where to send the report – To file a report electronically, see our web
site at www.bea.gov/efile for details.
Schedule B
How to calculate transaction codes 5 and 6
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
For property and casualty insurance companies
Report premiums (transaction code 5) as follows: Premiums written during
the current quarter, plus unearned premiums at the beginning of the current
quarter, minus unearned premiums at the end of the current quarter. 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.
Report losses incurred (transaction code 6) as follows: Losses paid during
the quarter, plus case reserves at the end of the current quarter, plus losses
incurred but not reported at the end of the current quarter, minus case
reserves at the beginning of the current quarter, minus losses incurred but
not reported at the beginning of the current quarter. Losses paid or recovered
should not include loss adjustment expenses (reportable under transaction
codes 7 and 8).
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
For life insurance companies
Report premiums earned (transaction code 5). These amounts should be
adjusted for changes in due, deferred, and advanced premiums for the
current year. 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.
How to calculate transaction codes 7 and 8 (all companies)
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.
VI. REPORTING PROCEDURES
A. Due date — A completed BE-45 is due within 30 days of the close of
each calendar quarter, except the final quarter of the calendar year, when
the reports are due within 45 days of the close of the calendar year.
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. Extension — A written request for an extension will be considered if it is
received at least 15 days before the 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 forms — Phone (301) 2789303 for assistance, or send an email to [email protected]. Copies of
BEA survey forms are also available on BEA’s web site: www.bea.gov/ssb.
FORM BE-45 (REV. 02/2024)
Page 20
OVERFLOW SHEET FOR Schedule A OF FORM BE-45, QUARTERLY SURVEY OF INSURANCE
TRANSACTIONS BY U.S. INSURANCE COMPANIES WITH FOREIGN PERSONS
Company Name _________________________________
BE-45 Identification Number________________
Form BE-45 Schedule A
Overflow Page # ___ of ___
This schedule covers transactions with — Check (X) one
1 11 ■ Foreign affiliates
2 12 ■ Foreign parent group
3 13 ■ Unaffiliated foreign persons
Reinsurance premiums
BEA
USE
ONLY
Country
01. Country total for this page
(sum of 02–23). . . . . . . . . . . . . . . .
1
2
Transaction code 1
Transaction code 2
Transaction code 3
Transaction code 4
Quarterly premiums
earned on
reinsurance
assumed
Quarterly premiums
incurred on
reinsurance
ceded
Quarterly losses
incurred on
reinsurance
assumed
Quarterly losses
recovered on
reinsurance
ceded
3
4
000
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
02.
4
000
05.
08.
12.
16.
20.
000
000
000
6
000
5
000
000
6
5
4
000
6
000
000
000
000
000
5
4
000
6
5
000
000
22.
000
000
4
000
6
5
4
000
21.
000
000
000
000
6
5
4
000
6
000
000
000
19.
000
5
4
000
6
5
000
000
18.
000
000
4
000
6
5
4
000
17.
000
000
000
000
6
5
4
000
6
000
000
000
15.
000
5
4
000
6
5
000
000
14.
000
000
4
000
6
5
4
000
13.
000
000
000
000
6
5
4
000
6
000
000
000
11.
000
5
4
000
6
5
000
000
10.
000
000
4
000
6
5
4
000
09.
000
000
000
000
6
5
4
000
6
000
000
000
07.
000
5
4
000
6
5
000
000
06.
000
000
4
000
6
5
4
000
6
000
5
4
000
04.
5
000
000
03.
23.
Reinsurance losses
000
6
000
000
NOTE — You may use this Overflow Sheet if there is insufficient space on the Form BE-45, Schedule A , to list every individual foreign
country with which you had transactions.
Page 20
FORM BE-45 (REV. 02/2024)
OVERFLOW SHEET FOR Schedule B OF FORM BE-45, QUARTERLY SURVEY OF INSURANCE
TRANSACTIONS BY U.S. INSURANCE COMPANIES WITH FOREIGN PERSONS
Company Name ___________________________________ BE-45 Identification Number________________
Form BE-45 Schedule B
Overflow Page # ___ of ___
This schedule covers transactions with — Check (X) one
1 11 ■ Foreign affiliates
2 12 ■ Foreign parent group
3 13 ■ Unaffiliated foreign persons
BEA
USE
ONLY
Country
01. Country total for this page
(sum of rows 02–23).....................
Primary insurance
Auxiliary insurance
Transaction Code 5 Transaction Code 6
Transaction Code 7 Transaction Code 8
Quarterly premiums
earned on primary
insurance sold
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
1
2
3
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
02.
000
07.
11.
15.
19.
000
000
000
6
000
5
000
000
6
5
4
000
000
000
000
000
6
5
4
000
6
000
000
000
22.
000
5
4
000
6
5
000
000
21.
000
000
4
000
6
5
4
000
20.
000
000
000
000
6
5
4
000
6
000
000
000
18.
000
5
4
000
6
5
000
000
17.
000
000
4
000
6
5
4
000
16.
000
000
000
000
6
5
4
000
6
000
000
000
14.
000
5
4
000
6
5
000
000
13.
000
000
4
000
6
5
4
000
12.
000
000
000
000
6
5
4
000
6
000
000
000
10.
000
5
4
000
6
5
000
000
09.
000
000
4
000
6
5
4
000
08.
000
000
000
000
6
5
4
000
6
000
000
000
06.
000
5
4
000
6
5
000
000
05.
000
000
4
Quarterly payments
6
5
4
000
04.
Quarterly receipts
5
4
000
03.
23.
Quarterly losses
incurred on primary
insurance sold
000
6
000
000
NOTE — You may use this Overflow Sheet if there is insufficient space on the Form BE-45, Schedule B , to list every individual foreign
country with which you had transactions.
FORM BE-45 (REV. 02/2024)
Page 21
| File Type | application/pdf |
| File Title | untitled |
| File Modified | 2024-09-04 |
| File Created | 2024-03-07 |