ASU 2015-09

In June 2013, the FASB issued proposed Accounting Standards Update,
Insurance Contracts (Topic 834) (2013 proposed Update). The objectives of the
amendments in the 2013 proposed Update were to (1) increase the decision
usefulness of the information about a reporting entity’s insurance liabilities,
including the nature, amount, timing, and uncertainty of cash flows related to those
liabilities and the effect of those cash flows on the statement of comprehensive
income, and (2) improve comparability between reporting entities, regardless of
the type of entity issuing the contract.