statement gain or loss from operations
Defined in 1 place of the United States Code.
The term “statement gain or loss from operations” means the net gain or loss from operations required to be set forth in the annual statement, determined without regard to Federal income taxes, and—
(A) determined by substituting for the amount shown for policyholder dividends the amount of deduction for policyholder dividends determined under section 808 (without regard to section 808(c)(2)),
(B) determined on the basis of the tax reserves rather than statutory reserves, and
(C) properly adjusted for realized capital gains and losses and other relevant items.
Source
- 1994–present26 U.S.C. § 809Internal Revenue Code · Repealed. Pub. L. 108218, title II, 205(a), Apr. 10, 2004, 118 Stat. 610] · for purposes of this section