SERVICE PUBLISHES LOSS PAYMENT PATTERNS AND DISCOUNT FACTORS FOR PROPERTY AND CASUALTY INSURANCE COMPANIES.
AUG. 1, 1988
Rev. Rul. 88-63; 1988-2 C.B. 130
DOCUMENT ATTRIBUTES
- Institutional AuthorsInternal Revenue Service
- Code Sections
- Subject Areas/Tax Topics
- Index Termsdeduction for loss reservesinsurance companies
- Jurisdictions
- LanguageEnglish
- Tax Analysts Electronic Citation88 TNT 157-42
Citations: Rev. Rul. 88-63; 1988-2 C.B. 130
Rev. Rul. 88-63
For purposes of section 846 of the Internal Revenue Code, the following are the loss payment patterns and discount factors for calendar year 1988 for each property and casualty line of business to be used in discounting the deduction for loss reserves. Section 846 requires all property and casualty loss reserves (unpaid losses and unpaid loss adjustment expenses) for each line of business (as shown on the annual statement approved by the National Association of Insurance Commissioners (NAIC)) to be discounted for federal income tax purposes. The discount factors were determined by using an interest rate for 1988 of 7.77 percent, the interest rate determined under section 846(c).
DRAFTING INFORMATION
The principal author of this revenue ruling is Katherine A. Hossofsky of the Corporation Tax Division. For further information regarding this revenue ruling contact Ms. Hossofsky on (202) 566-4196 (not a toll-free call).
COMPOSITE SCHEDULE P
Total Cumulative
Year Loss & loss losses and loss fraction of
Years before loss expense payments expense incurred loss paid
current year incurred to date (000s) (000s) (percent)
____________ ________ ________________ ________________ ___________
AY + 0 1985 27050900 78832067 34.3146
AY + 1 1984 42762165 70059326 61.0371
AY + 2 1983 46304723 62932278 73.5787
AY + 3 1982 46339283 56724398 81.6920
AY + 4 1981 44014354 50826873 86.5966
AY + 5 1980 41790830 46281924 90.2962
AY + 6 1979 38531049 41768331 92.2494
AY + 7 1978 33285121 35572301 93.5703
AY + 8 1977 29524057 31225532 94.5510
AY + 9 1976 26745914 28167858 94.9519
AY + 10 Pre 1976 184257188 188825255 NA
AY + 11 NA NA NA NA
AY + 12 NA NA NA NA
AY + 13 NA NA NA NA
AY + 14 NA NA NA NA
AY + 15 NA NA NA NA
(Composite Schedule P continued)
Fraction of Fraction of Discounted Reserve
loss paid loss unpaid, fraction discount
Years before during year year-end unpaid, year- factor
current year (percent) (percent) end (percent) (percent)
____________ ___________ ____________ _____________ _________
AY + 0 34.3146 65.6854 54.8557 83.5127
AY + 1 26.7225 38.9629 31.3767 80.5296
AY + 2 12.5416 26.4213 20.7950 78.7052
AY + 3 8.1133 18.3080 13.9881 76.4042
AY + 4 4.9046 13.4034 9.9834 74.4839
AY + 5 3.6996 9.7038 6.9184 71.2961
AY + 6 1.9532 7.7506 5.4283 70.0375
AY + 7 1.3209 6.4297 4.4788 69.6588
AY + 8 .9807 5.4490 3.8088 69.8986
AY + 9 .4009 5.0481 3.6885 73.0679
AY + 10 .4009 4.6472 3.5590 76.5829
AY + 11 .4009 4.2464 3.4194 80.5246
AY + 12 .4009 3.8455 3.2689 85.0059
AY + 13 .4009 3.4446 3.1067 90.1909
AY + 14 .4009 3.0437 2.9319 96.3277
AY + 15 3.0437 .0000 .0000 96.3277
AUTOMOBILE LIABILITY
Total Cumulative
Year Loss & loss losses and loss fraction of
Years before loss expense payments expense incurred loss paid
current year incurred to date (000s) (000s) (percent)
____________ ________ ________________ ________________ ___________
AY + 0 1985 10734519 31281287 34.3161
AY + 1 1984 18397279 28217053 65.1992
AY + 2 1983 20047428 24986353 80.2335
AY + 3 1982 19808529 22243403 89.0535
AY + 4 1981 18974882 20225872 93.8149
AY + 5 1980 17105852 17717217 96.5493
AY + 6 1979 16266022 16633374 97.7915
AY + 7 1978 14534843 14766868 98.4287
AY + 8 1977 12853464 13027563 98.6636
AY + 9 1976 11389407 11506437 98.9829
AY + 10 Pre 1976 91306371 91545925 NA
AY + 11 NA NA NA NA
AY + 12 NA NA NA NA
AY + 13 NA NA NA NA
(Automobile Liability continued)
Fraction of Fraction of Discounted Reserve
loss paid loss unpaid, fraction discount
Years before during year year-end unpaid, year- factor
current year (percent) (percent) end (percent) (percent)
____________ ___________ ____________ _____________ _________
AY + 0 34.3161 65.6839 58.0977 88.4505
AY + 1 30.8830 34.8008 30.5515 87.7895
AY + 2 15.0344 19.7665 17.3178 87.6120
AY + 3 8.8200 10.9465 9.5072 86.8514
AY + 4 4.7614 6.1851 5.3030 85.7378
AY + 5 2.7344 3.4507 2.8763 83.3559
AY + 6 1.2422 2.2085 1.8103 81.9700
AY + 7 .6373 1.5713 1.2894 82.0635
AY + 8 .2349 1.3364 1.1458 85.7381
AY + 9 .3193 1.0171 .9033 88.8171
AY + 10 .3193 .6978 .6421 92.0143
AY + 11 .3193 .3785 .3605 95.2420
AY + 12 .3193 .0592 .0570 96.3277
AY + 13 .0592 .0000 .0000 96.3277
OTHER LIABILITY
Total Cumulative
Year Loss & loss losses and loss fraction of
Years before loss expense payments expense incurred loss paid
current year incurred to date (000s) (000s) (percent)
____________ ________ ________________ ________________ ___________
AY + 0 1985 824218 8957695 9.2012
AY + 1 1984 1752555 6901148 25.3951
AY + 2 1983 2493908 6222045 40.0818
AY + 3 1982 3181315 5762517 55.2070
AY + 4 1981 3429366 5180556 66.1969
AY + 5 1980 3548964 4724863 75.1125
AY + 6 1979 3339115 4162493 80.2191
AY + 7 1978 3050437 3610079 84.4978
AY + 8 1977 2812829 3245716 86.6628
AY + 9 1976 2702169 3081827 87.6807
AY + 10 Pre 1976 23480898 25101360 NA
AY + 11 NA NA NA NA
AY + 12 NA NA NA NA
AY + 13 NA NA NA NA
AY + 14 NA NA NA NA
AY + 15 NA NA NA NA
(Other Liability continued)
Fraction of Fraction of Discounted Reserve
loss paid loss unpaid, fraction discount
Years before during year year-end unpaid, year- factor
current year (percent) (percent) end (percent) (percent)
____________ ___________ ____________ _____________ _________
AY + 0 9.2012 90.7988 68.4914 75.4321
AY + 1 16.1939 74.6049 57.0020 76.4051
AY + 2 14.6867 59.9182 46.1844 77.0791
AY + 3 15.1252 44.7930 34.0711 76.0635
AY + 4 10.9898 33.8031 25.3096 74.8736
AY + 5 8.9157 24.8875 18.0206 72.4084
AY + 6 5.1066 19.7809 14.1196 71.3799
AY + 7 4.2787 15.5022 10.7749 69.5054
AY + 8 2.1650 13.3372 9.3645 70.2135
AY + 9 1.0179 12.3193 9.0354 73.3437
AY + 10 1.0179 11.3013 8.6807 76.8114
AY + 11 1.0179 10.2834 8.2985 80.6977
AY + 12 1.1079 9.2655 7.8865 85.1173
AY + 13 1.1079 8.2475 7.4426 90.2398
AY + 14 1.1079 7.2296 6.9641 96.3277
AY + 15 7.2296 .0000 .0000 96.3277
WORKERS' COMPENSATION
Total Cumulative
Year Loss & loss losses and loss fraction of
Years before loss expense payments expense incurred loss paid
current year incurred to date (000s) (000s) (percent)
____________ ________ ________________ ________________ ___________
AY + 0 1985 3932938 15174769 25.9176
AY + 1 1984 7635807 14004437 54.5242
AY + 2 1983 8124465 11973169 67.8556
AY + 3 1982 8126215 10749254 75.5979
AY + 4 1981 8203632 10245226 80.0727
AY + 5 1980 7893190 9444281 83.5764
AY + 6 1979 7559441 8845526 85.4606
AY + 7 1978 6621807 7594942 87.1871
AY + 8 1977 5981586 6744498 88.6884
AY + 9 1976 5510811 6170361 89.3110
AY + 10 Pre 1976 46351166 48577936 NA
AY + 11 NA NA NA NA
AY + 12 NA NA NA NA
AY + 13 NA NA NA NA
AY + 14 NA NA NA NA
AY + 15 NA NA NA NA
(Workers' Compensation continued)
Fraction of Fraction of Discounted Reserve
loss paid loss unpaid, fraction discount
Years before during year year-end unpaid, year- factor
current year (percent) (percent) end (percent) (percent)
____________ ___________ ____________ _____________ _________
AY + 0 25.9176 74.0824 59.2191 79.9368
AY + 1 28.6066 45.4758 34.1233 75.0361
AY + 2 13.3314 32.1444 22.9350 71.3499
AY + 3 7.7423 24.4021 16.6795 68.3530
AY + 4 4.4748 19.9273 13.3302 66.8941
AY + 5 3.5037 16.4236 10.7287 65.3247
AY + 6 1.8842 14.5394 9.6062 66.0705
AY + 7 1.7264 12.8129 8.5604 66.8105
AY + 8 1.5013 11.3116 7.6670 67.7796
AY + 9 .6226 10.6890 7.6163 71.2540
AY + 10 .6226 10.0664 7.5618 75.1191
AY + 11 .6226 9.4438 7.5030 79.4490
AY + 12 .6226 8.8211 7.4396 84.3382
AY + 13 .6226 8.1985 7.3713 89.9101
AY + 14 .6226 7.5759 7.2977 96.3277
AY + 15 7.5759 .0000 .0000 96.3277
MEDICAL MALPRACTICE
Total Cumulative
Year Loss & loss losses and loss fraction of
Years before loss expense payments expense incurred loss paid
current year incurred to date (000s) (000s) (percent)
____________ ________ ________________ ________________ ___________
AY + 0 1985 85689 2835465 3.0220
AY + 1 1984 312207 2404595 12.9838
AY + 2 1983 534322 2280478 23.4303
AY + 3 1982 745691 2095689 35.5821
AY + 4 1981 836834 1839826 45.4844
AY + 5 1980 846392 1574497 53.7563
AY + 6 1979 800223 1316417 60.7880
AY + 7 1978 745973 1109154 67.2560
AY + 8 1977 639578 883594 72.3837
AY + 9 1976 627818 835753 75.1200
AY + 10 Pre 1976 1959501 2323449 NA
AY + 11 NA NA NA NA
AY + 12 NA NA NA NA
AY + 13 NA NA NA NA
AY + 14 NA NA NA NA
AY + 15 NA NA NA NA
(Medical Malpractice continued)
Fraction of Fraction of Discounted Reserve
loss paid loss unpaid, fraction discount
Years before during year year-end unpaid, year- factor
current year (percent) (percent) end (percent) (percent)
____________ ___________ ____________ _____________ _________
AY + 0 3.0220 96.9780 65.1523 67.1826
AY + 1 9.9617 87.0162 59.8731 68.8069
AY + 2 10.4465 76.5697 53.6805 70.1067
AY + 3 12.1519 64.4179 45.2364 70.2233
AY + 4 9.9023 54.5156 38.4714 70.5696
AY + 5 8.2719 46.2437 32.8734 71.0873
AY + 6 7.0316 39.2120 28.1280 71.7330
AY + 7 6.4681 32.7440 23.5988 72.0708
AY + 8 5.1277 27.6163 20.1093 72.8169
AY + 9 2.7363 24.8800 18.8312 75.6881
AY + 10 2.7363 22.1436 17.4537 78.8204
AY + 11 2.7363 19.4073 15.9692 82.2844
AY + 12 2.7363 16.6709 14.3693 86.1938
AY + 13 2.7363 13.9346 12.6451 90.7464
AY + 14 2.7363 11.1982 10.7870 96.3277
AY + 15 11.1982 .0000 .0000 96.3277
FARMOWNERS MULTIPLE PERIL, HOMEOWNERS MULTIPLE PERIL, COMMERCIAL
MULTIPLE PERIL, OCEAN MARINE, AIRCRAFT (ALL PERILS) AND BOILER
AND MACHINERY
Total Cumulative
Year Loss & loss losses and loss fraction of
Years before loss expense payments expense incurred loss paid
current year incurred to date (000s) (000s) (percent)
____________ ________ ________________ ________________ ___________
AY + 0 1985 11473534 20582849 55.7432
AY + 1 1984 14664316 18532075 79.1294
AY + 2 1983 15104598 17470233 86.4591
AY + 3 1982 14477532 15873533 91.2055
AY + 4 1981 12569638 13335391 94.2577
AY + 5 1980 12396429 12821063 96.6880
AY + 6 1979 10566246 10810520 97.7404
AY + 7 1978 8332059 8491257 98.1252
AY + 8 1977 7236609 7324158 98.8047
AY + 9 1976 6515706 6573477 99.1212
AY + 10 Pre 1976 21159251 21276916 NA
AY + 11 NA NA NA NA
AY + 12 NA NA NA NA
(Farmowners Multiple Peril continued)
Fraction of Fraction of Discounted Reserve
loss paid loss unpaid, fraction discount
Years before during year year-end unpaid, year- factor
current year (percent) (percent) end (percent) (percent)
____________ ___________ ____________ _____________ _________
AY + 0 55.7432 44.2568 38.9927 88.1055
AY + 1 23.3862 20.8706 17.7447 85.0222
AY + 2 7.3297 13.5409 11.5143 85.0333
AY + 3 4.7464 8.7945 7.4816 85.0712
AY + 4 3.0523 5.7423 4.8943 85.2331
AY + 5 2.4303 3.3120 2.7517 83.0822
AY + 6 1.0524 2.2596 1.8730 82.8893
AY + 7 .3847 1.8748 1.6191 86.3577
AY + 8 .6795 1.1953 1.0395 86.9599
AY + 9 .3165 .8788 .7917 90.0809
AY + 10 .3165 .5624 .5246 93.2913
AY + 11 .3165 .2459 .2368 96.3277
AY + 12 .2459 .0000 .0000 96.3277
FIRE
Unpaid losses Fraction of
Year Net losses beginning unpaid loss
Years before loss paid in year of year paid in year
current year incurred (000s) (000s) (percent)
____________ ________ ________________ ________________ ___________
AY + 0 1985 1182445 2142829 55.1815
AY + 1 1984 687222 944426 72.7661
AY + 2 Pre 1984 196764 462600 NA
AY + 3 NA NA NA NA
(Fire continued)
Fraction of Fraction of Discounted Reserve
total loss loss unpaid, fraction discount
Years before paid in year year-end unpaid, year- factor
current year (percent) (percent) end (percent) (percent)
____________ ___________ ____________ _____________ _________
AY + 0 55.1815 44.8185 41.9316 93.5587
AY + 1 32.6127 12.2058 11.3337 92.8552
AY + 2 6.1029 6.1029 5.8788 96.3277
AY + 3 6.1029 .0000 .0000 96.3277
ALLIED LINES
Unpaid losses Fraction of
Year Net losses beginning unpaid loss
Years before loss paid in year of year paid in year
current year incurred (000s) (000s) (percent)
____________ ________ ________________ ________________ ___________
AY + 0 1985 657907 1076282 61.1278
AY + 1 1984 297197 388220 76.5538
AY + 2 Pre 1984 77676 174175 NA
AY + 3 NA NA NA NA
(Allied Lines continued)
Fraction of Fraction of Discounted Reserve
total loss loss unpaid, fraction discount
Years before paid in year year-end unpaid, year- factor
current year (percent) (percent) end (percent) (percent)
____________ ___________ ____________ _____________ _________
AY + 0 61.1278 38.8722 36.5181 93.9438
AY + 1 29.7582 9.1141 8.4629 92.8552
AY + 2 4.5570 4.5570 4.3897 96.3277
AY + 3 4.5570 .0000 .0000 96.3277
INLAND MARINE
Unpaid losses Fraction of
Year Net losses beginning unpaid loss
Years before loss paid in year of year paid in year
current year incurred (000s) (000s) (percent)
____________ ________ ________________ ________________ ___________
AY + 0 1985 1101567 1913177 57.5779
AY + 1 1984 562321 731477 76.8747
AY + 2 Pre 1984 140515 321225 NA
AY + 3 NA NA NA NA
(Inland Marine continued)
Fraction of Fraction of Discounted Reserve
total loss loss unpaid, fraction discount
Years before paid in year year-end unpaid, year- factor
current year (percent) (percent) end (percent) (percent)
____________ ___________ ____________ _____________ _________
AY + 0 57.5779 42.4221 39.8668 93.9765
AY + 1 32.6119 9.8102 9.1093 92.8552
AY + 2 4.9051 4.9051 4.7250 96.3277
AY + 3 4.9051 .0000 .0000 96.3277
MISCELLANEOUS CASUALTY
Unpaid losses Fraction of
Year Net losses beginning unpaid loss
Years before loss paid in year of year paid in year
current year incurred (000s) (000s) (percent)
____________ ________ ________________ ________________ ___________
AY + 0 1985 185443 216664 85.5901
AY + 1 1984 12581 14861 84.6578
AY + 2 Pre 1984 1729 4100 NA
AY + 3 NA NA NA NA
(Miscellaneous Casualty continued)
Fraction of Fraction of Discounted Reserve
total loss loss unpaid, fraction discount
Years before paid in year year-end unpaid, year- factor
current year (percent) (percent) end (percent) (percent)
____________ ___________ ____________ _____________ _________
AY + 0 85.5901 14.4099 13.6559 94.7678
AY + 1 12.1991 2.2108 2.0528 92.8552
AY + 2 1.1054 1.1054 1.0648 96.3277
AY + 3 1.1054 .0000 .0000 96.3277
EARTHQUAKE
Unpaid losses Fraction of
Year Net losses beginning unpaid loss
Years before loss paid in year of year paid in year
current year incurred (000s) (000s) (percent)
____________ ________ ________________ ________________ ___________
AY + 0 1985 3852 13974 27.5655
AY + 1 1984 1654 3010 54.9502
AY + 2 Pre 1984 722 1757 NA
AY + 3 NA NA NA NA
(Earthquake continued)
Fraction of Fraction of Discounted Reserve
total loss loss unpaid, fraction discount
Years before paid in year year-end unpaid, year- factor
current year (percent) (percent) end (percent) (percent)
____________ ___________ ____________ _____________ _________
AY + 0 27.5655 72.4345 66.4568 91.7474
AY + 1 39.8029 32.6316 30.3002 92.8552
AY + 2 16.3158 16.3158 15.7166 96.3277
AY + 3 16.3158 .0000 .0000 96.3277
AUTO PHYSICAL DAMAGE
Unpaid losses Fraction of
Year Net losses beginning unpaid loss
Years before loss paid in year of year paid in year
current year incurred (000s) (000s) (percent)
____________ ________ ________________ ________________ ___________
AY + 0 1985 13876758 16695051 83.1190
AY + 1 1984 1743502 1864945 93.4881
AY + 2 Pre 1984 -128871 -44115 NA
AY + 3 NA NA NA NA
(Auto Physical Damage continued)
Fraction of Fraction of Discounted Reserve
total loss loss unpaid, fraction discount
Years before paid in year year-end unpaid, year- factor
current year (percent) (percent) end (percent) (percent)
____________ ___________ ____________ _____________ _________
AY + 0 83.1190 16.8810 16.1493 95.6656
AY + 1 15.7817 1.0993 1.0207 92.8552
AY + 2 .5496 .5496 .5295 96.3277
AY + 3 .5496 .0000 .0000 96.3277
FIDELITY
Unpaid losses Fraction of
Year Net losses beginning unpaid loss
Years before loss paid in year of year paid in year
current year incurred (000s) (000s) (percent)
____________ ________ ________________ ________________ ___________
AY + 0 1985 63993 281102 22.7650
AY + 1 1984 108652 212771 51.0652
AY + 2 Pre 1984 76630 196869 NA
AY + 3 NA NA NA NA
(Fidelity continued)
Fraction of Fraction of Discounted Reserve
total loss loss unpaid, fraction discount
Years before paid in year year-end unpaid, year- factor
current year (percent) (percent) end (percent) (percent)
____________ ___________ ____________ _____________ _________
AY + 0 22.7650 77.2350 70.5560 91.3524
AY + 1 39.4402 37.7947 35.0944 92.8552
AY + 2 18.8974 18.8974 18.2034 96.3277
AY + 3 18.8974 .0000 .0000 96.3277
SURETY
Unpaid losses Fraction of
Year Net losses beginning unpaid loss
Years before loss paid in year of year paid in year
current year incurred (000s) (000s) (percent)
____________ ________ ________________ ________________ ___________
AY + 0 1985 322557 869869 37.0811
AY + 1 1984 221719 418289 53.0062
AY + 2 Pre 1984 29380 252418 NA
AY + 3 NA NA NA NA
(Surety continued)
Fraction of Fraction of Discounted Reserve
total loss loss unpaid, fraction discount
Years before paid in year year-end unpaid, year- factor
current year (percent) (percent) end (percent) (percent)
____________ ___________ ____________ _____________ _________
AY + 0 37.0811 62.9189 57.6021 91.5497
AY + 1 33.3509 29.5680 27.4554 92.8552
AY + 2 14.7840 14.7840 14.2411 96.3277
AY + 3 14.7840 .0000 .0000 96.3277
GLASS
Unpaid losses Fraction of
Year Net losses beginning unpaid loss
Years before loss paid in year of year paid in year
current year incurred (000s) (000s) (percent)
____________ ________ ________________ ________________ ___________
AY + 0 1985 5330 8021 66.4506
AY + 1 1984 1482 1703 87.0229
AY + 2 Pre 1984 145 518 NA
AY + 3 NA NA NA NA
(Glass continued)
Fraction of Fraction of Discounted Reserve
total loss loss unpaid, fraction discount
Years before paid in year year-end unpaid, year- factor
current year (percent) (percent) end (percent) (percent)
____________ ___________ ____________ _____________ _________
AY + 0 66.4506 33.5494 31.8747 95.0083
AY + 1 29.1957 4.3537 4.0427 92.8552
AY + 2 2.1769 2.1769 2.0969 96.3277
AY + 3 2.1769 .0000 .0000 96.3277
BURGLARY AND THEFT
Unpaid losses Fraction of
Year Net losses beginning unpaid loss
Years before loss paid in year of year paid in year
current year incurred (000s) (000s) (percent)
____________ ________ ________________ ________________ ___________
AY + 0 1985 16947 35142 48.2243
AY + 1 1984 10304 13001 79.2554
AY + 2 Pre 1984 3182 8093 NA
AY + 3 NA NA NA NA
(Burglary and Theft continued)
Fraction of Fraction of Discounted Reserve
total loss loss unpaid, fraction discount
Years before paid in year year-end unpaid, year- factor
current year (percent) (percent) end (percent) (percent)
____________ ___________ ____________ _____________ _________
AY + 0 48.2243 51.7757 48.7823 94.2185
AY + 1 41.0350 10.7406 9.9732 92.8552
AY + 2 5.3703 5.3703 5.1731 96.3277
AY + 3 5.3703 .0000 .0000 96.3277
CREDIT
Unpaid losses Fraction of
Year Net losses beginning unpaid loss
Years before loss paid in year of year paid in year
current year incurred (000s) (000s) (percent)
____________ ________ ________________ ________________ ___________
AY + 0 1985 54286 218630 24.8301
AY + 1 1984 52253 126369 41.3495
AY + 2 Pre 1984 9995 43661 NA
AY + 3 NA NA NA NA
(Credit continued)
Fraction of Fraction of Discounted Reserve
total loss loss unpaid, fraction discount
Years before paid in year year-end unpaid, year- factor
current year (percent) (percent) end (percent) (percent)
____________ ___________ ____________ _____________ _________
AY + 0 24.8301 75.1699 67.9270 90.3646
AY + 1 31.0824 44.0875 40.9375 92.8552
AY + 2 22.0438 22.0438 21.2342 96.3277
AY + 3 22.0438 .0000 .0000 96.3277
CREDIT ACCIDENT AND HEALTH (group and individual)
Unpaid losses Fraction of
Year Net losses beginning unpaid loss
Years before loss paid in year of year paid in year
current year incurred (000s) (000s) (percent)
____________ ________ ________________ ________________ ___________
AY + 0 1985 50544 93229 54.2149
AY + 1 1984 26637 42512 62.6576
AY + 2 Pre 1984 8295 18171 NA
AY + 3 NA NA NA NA
(Credit Accident and Health continued)
Fraction of Fraction of Discounted Reserve
total loss loss unpaid, fraction discount
Years before paid in year year-end unpaid, year- factor
current year (percent) (percent) end (percent) (percent)
____________ ___________ ____________ _____________ _________
AY + 0 54.2149 45.7851 42.3654 92.5310
AY + 1 28.6879 17.0973 15.8757 92.8552
AY + 2 8.5486 8.5486 8.2347 96.3277
AY + 3 8.5486 .0000 .0000 96.3277
_____________________________________________________________________
DOCUMENT ATTRIBUTES
- Institutional AuthorsInternal Revenue Service
- Code Sections
- Subject Areas/Tax Topics
- Index Termsdeduction for loss reservesinsurance companies
- Jurisdictions
- LanguageEnglish
- Tax Analysts Electronic Citation88 TNT 157-42
