Rev. Rul. 88-63
1988-2 C.B. 130, 1988-31 I.R.B. 5.
Internal Revenue Service
Revenue Ruling
INSURANCE COMPAINES; LOSS RESERVES; DISCOUNTING UNPAID LOSSES
Published: August 1, 1988
SECTION 846. - DISCOUNTED UNPAID LOSSES DEFINED
Insurance companies; loss reserves; discounting unpaid losses. The loss payment patterns and discount factors are set forth for calendar year 1988 for each property and casualty business to be used in discounting the deduction for loss reserves for purposes of section 846 of the Code.
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).
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Cumulative
Loss & loss Total losses and fraction of
Years before Year loss to date (000s) incurred (000s) (percent)
COMPOSITE SCHEDULE P
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
1...+...10....+...20....+...30....+...40....+...50....+...60....+...70.
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Fraction of Fraction of Discounted Reserve
loss paid loss unpaid, fraction discount
(percent) (percent) end (percent) (percent)
34.3146 65.6854 54.8557 83.5127
26.7225 38.9629 31.3767 80.5296
12.5416 26.4213 20.7950 78.7052
8.1133 18.3080 13.9881 76.4042
4.9046 13.4034 9.9834 74.4839
3.6996 9.7038 6.9183 71.2961
1.9532 7.7506 5.4283 70.0375
1.3209 6.4297 4.4788 69.6588
.9807 5.4490 3.8088 69.8986
.4009 5.0481 3.6885 73.0679
.4009 4.6472 3.5590 76.5829
.4009 4.2464 3.4194 80.5246
.4009 3.8455 3.2689 85.0059
.4009 3.4446 3.1067 90.1909
.4009 3.0437 2.9319 96.3277
3.0437 .0000 .0000 96.3277
72.....80....+...90....+....0....+...10....+...20...
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COMPOSITE SCHEDULE P Cumulative
Loss & loss Total losses and fraction of
Years before Year loss to date (000s) incurred (000s) (percent)
AUTOMOBILE LIABILITY
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
1...+...10....+...20....+...30....+...40....+...50....+...60....+...70.
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Fraction of Fraction of Discounted Reserve
loss paid loss unpaid, fraction discount
(percent) (percent) end (percent) (percent)
34.3161 65.6839 58.0977 88.4505
30.8830 34.8008 30.5515 87.7895
15.0344 19.7665 17.3178 87.6120
8.8200 10.9465 9.5072 88.8514
4.7614 6.1851 5.3030 85.7378
2.7344 3.4507 2.8763 85.3559
1.2422 2.2085 1.8103 81.9700
.6373 1.5713 1.2894 82.0635
.2349 1.3364 1.1458 85.7381
.3193 1.0171 .9033 88.8171
.3193 .6978 .6421 92.0143
.3193 .3785 .3605 95.2420
.3193 .0592 .0570 96.3277
.0592 .0000 .0000 96.3277
72.....80....+...90....+....0....+...10....+...20...
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Cumulative
Loss & loss Total losses and fraction of
Years before Year loss to date (000s) incurred (000s) (percent)
OTHER LIABILITY
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
1...+...10....+...20....+...30....+...40....+...50....+...60....+...70.
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Fraction of Fraction of Discounted Reserve
loss paid loss unpaid, fraction discount
(percent) (percent) end (percent) (percent)
9.2012 90.7988 68.4914 75.4321
16.1939 74.6049 57.0020 76.4051
14.6867 59.9182 46.1844 77.0791
15.1252 44.7930 34.0711 76.0635
10.9898 33.8031 24.3096 74.8736
8.9157 24.8875 18.0206 72.4084
5.1066 19.7809 14.1196 71.3799
4.2787 15.5022 10.7749 69.5054
2.1650 13.3372 9.3645 70.2135
1.0179 12.3193 9.0354 73.3437
1.0179 11.3013 8.6807 76.8114
1.0179 10.2834 8.2985 80.6977
1.0179 9.2655 7.8865 85.1173
1.0179 8.2475 7.4426 90.2398
1.0179 7.2296 6.9641 96.3277
7.2296 .0000 .0000 96.3277
72.....80....+...90....+....0....+...10....+...20...
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Cumulative
Loss & loss Total losses and fraction of
Years before Year loss to date (000s) incurred (000s) (percent)
WORKERS' COMPENSATION
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
1...+...10....+...20....+...30....+...40....+...50....+...60....+...70.
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Fraction of Fraction of Discounted Reserve
loss paid loss unpaid, fraction discount
(percent) (percent) end (percent) (percent)
25.9176 74.0824 59.2191 79.9368
28.6066 45.4758 34.1233 75.0361
13.3314 32.1444 22.9350 71.3499
7.7423 24.4021 16.6795 68.3530
4.4748 19.9273 13.3302 66.8941
3.5037 3.5037 16.4236 65.3247
1.8842 14.5394 9.6062 66.0705
1.7264 12.8129 8.5604 66.8105
1.5013 11.3116 7.6670 67.7796
.6226 10.6890 7.6163 71.2540
.6226 10.0664 7.5618 75.1191
.6226 10.0664 7.5618 79.4490
.6226 9.4438 7.5030 84.3382
.6226 8.1985 7.3713 89.9101
.6226 7.5759 7.2977 96.3277
7.5759 .0000 .0000 96.3277
72.....80....+...90....+....0....+...10....+...20...
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Cumulative
Loss & loss Total losses and fraction of
Years before Year loss to date (000s) incurred (000s) (percent)
MEDICAL MALPRACTICE
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
1...+...10....+...20....+...30....+...40....+...50....+...60....+...70.
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******* This is piece 2. -- It begins at character 72 of table line 1. ********
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Fraction of Fraction of Discounted Reserve
loss paid loss unpaid, fraction discount
(percent) (percent) end (percent) (percent)
3.0220 96.9780 65.1523 67.1826
9.9617 87.0162 59.8731 68.8069
10.4465 76.5697 53.6805 70.1067
12.1519 64.4179 45.2364 70.2233
9.9023 54.5156 38.4714 70.5696
8.2719 46.2437 32.8734 71.0873
7.0316 39.2120 28.1280 71.7330
6.4681 32.7440 23.5988 72.0708
5.1277 27.6163 20.1093 72.8169
2.7363 24.8800 18.8312 75.6881
2.7363 22.1436 17.4537 78.8204
2.7363 19.4073 15.9692 82.2844
2.7363 16.6709 14.3693 86.1938
2.7363 13.9346 12.6451 90.7464
2.7363 11.1982 10.7870 96.3277
11.1982 .0000 .0000 96.3277
72.....80....+...90....+....0....+...10....+...20...
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Cumulative Fraction Fraction
of of
Loss & Total fraction of loss paid loss
loss losses unpaid,
and
Years Year to incurred (percent) (percent) (percent)
before loss date (000s)
(00-
0s)
1...+...10....+...20....+...30....+...40....+...50....+...60....+...70..
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Discounted Reserve
fraction discount
end (percent)
(percent)
73....80....+...90....+.
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FARMOWNERS
AIRCRAFT
AY + 0
AY + 1
AY + 2
AY + 3
AY + 4
AY + 5
AY + 6
AY + 7
AY + 8
AY + 9
AY + 10
AY + 11
AY + 12
1...+...10
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MULTIPLE PERIL, HOMEOWNERS MULTIPLE PERIL, COMMERCIAL MULTIPLE PERIL, OCEAN
(ALL PERILS) AND BOILER AND MACHINERY
1985 11473- 20582849 55.7432 55.7432 44.2568 38.9927
534
1984 14664- 18532075 79.1294 23.3862 20.8706 17.7447
316
1983 15104- 17470233 86.4591 7.3297 13.5409 11.5143
598
1982 14477- 15873533 91.2055 4.7464 8.7945 7.4816
532
1981 12569- 13335391 94.2577 3.0523 5.7423 4.8943
638
1980 12396- 12821063 96.6880 2.4303 3.3120 2.7517
429
1979 10566- 10810520 97.7404 1.0524 2.2596 1.8730
246
1978 83320- 8491257 98.1252 .3847 1.8748 1.6191
59
1977 72366- 7324158 98.8047 .6795 1.1953 1.0395
09
1976 65157- 6573477 99.1212 .3165 .8788 .7917
06
Pre 21159- 21276916 NA .3165 .5624 5246
1976 251
NA NA NA NA .3165 .2459 .2368
NA NA NA NA .2459 .0000 .0000
11..+...20....+...30....+...40....+...50....+...60....+...70....+...80....+.
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MARINE,
88.1055
85.0222
85.0333
85.0712
85.2331
83.0822
82.8893
86.3577
86.9599
90.0809
93.2913
96.3277
96.3277
87......+.
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Fraction of Fraction of
unpaid loss total loss
Net losses Unpaid losses paid in paid in
Years before Year loss paid in year beginning of year year
current year incurred (000s) year (000s) (percent) (percent)
FIRE
AY + 0 1985 1182445 2142829 55.1815 55.1815
AY + 1 1984 687222 944426 72.7661 32.6127
AY + 2 Pre 1984 196764 462600 NA 6.1029
AY + 3 NA NA NA NA 6.1029
1...+...10....+...20....+...30....+...40....+...50....+...60....+...70....+....
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Fraction of Discounted Reserve
loss unpaid, fraction discount
year-end unpaid, year- factor
(percent) end (percent) (percent)
44.8185 41.9316 93.5587
12.2058 11.3337 92.8552
6.1029 5.8788 96.3277
.0000 .0000 96.3277
80..+...90....+....0....+...10....+...2
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Fraction of Fraction of
unpaid loss total loss
Net losses Unpaid losses paid in paid in
Years before Year loss paid in year beginning of year year
current year incurred (000s) year (000s) (percent) (percent)
ALLIED LINES
AY + 0 1985 657907 1076282 61.1278 61.1278
AY + 1 1984 297197 388220 76.5538 29.7582
AY + 2 Pre 1984 77676 174175 NA 4.5570
AY + 3 NA NA NA NA 4.5570
1...+...10....+...20....+...30....+...40....+...50....+...60....+...70....+....
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Fraction of Discounted Reserve
loss unpaid, fraction discount
year-end unpaid, year- factor
(percent) end (percent) (percent)
38.8722 36.5181 93.9438
9.1141 8.4629 92.8552
4.5570 4.3897 96.3277
.0000 .0000 96.3277
80..+...90....+....0....+...10....+...2
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Fraction of Fraction of
unpaid loss total loss
Net losses Unpaid losses paid in paid in
Years before Year loss paid in year beginning of year year
current year incurred (000s) year (000s) (percent) (percent)
INLAND MARINE
AY + 0 1985 1101567 1913177 57.5779 57.5779
AY + 1 1984 562321 731477 76.8747 32.6119
AY + 2 Pre 1984 140515 321225 NA 4.9051
AY + 3 NA NA NA NA 4.9051
1...+...10....+...20....+...30....+...40....+...50....+...60....+...70....+....
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Fraction of Discounted Reserve
loss unpaid, fraction discount
year-end unpaid, year- factor
(percent) end (percent) (percent)
42.4221 39.8668 93.9765
9.8102 9.1093 92.8552
4.9051 4.7250 96.3277
.0000 .0000 96.3277
80..+...90....+....0....+...10....+...2
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Fraction of Fraction of
unpaid loss total loss
Net losses Unpaid losses paid in paid in
Years before Year loss paid in year beginning of year year
current year incurred (000s) year (000s) (percent) (percent)
MISCELLANEOUS CASUALTY
AY + 0 1985 185443 216664 85.5901 85.5901
AY + 1 1984 12581 14861 84.6578 12.1991
AY + 2 Pre 1984 1729 4100 NA 1.1054
AY + 3 NA NA NA NA 1.1054
1...+...10....+...20....+...30....+...40....+...50....+...60....+...70....+....
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Fraction of Discounted Reserve
loss unpaid, fraction discount
year-end unpaid, year- factor
(percent) end (percent) (percent)
14.4099 13.6559 94.7678
2.2108 2.0528 92.8552
1.1054 1.0648 96.3277
.0000 .0000 96.3277
80..+...90....+....0....+...10....+...2
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******** This is piece 1. -- It begins at character 1 of table line 1. ********
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Fraction of Fraction of
unpaid loss total loss
Net losses Unpaid losses paid in paid in
Years before Year loss paid in year beginning of year year
current year incurred (000s) year (000s) (percent) (percent)
EARTHQUAKE
AY + 0 1985 3852 13974 27.5655 27.5655
AY + 1 1984 1654 3010 54.9502 39.8029
AY + 2 Pre 1984 722 1757 NA 16.3158
AY + 3 NA NA NA NA .5496
1...+...10....+...20....+...30....+...40....+...50....+...60....+...70....+....
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******* This is piece 2. -- It begins at character 80 of table line 1. ********
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Fraction of Discounted Reserve
loss unpaid, fraction discount
year-end unpaid, year- factor
(percent) end (percent) (percent)
72.4345 66.4568 91.7474
32.6316 30.3002 92.8552
16.3158 15.7166 96.3277
.0000 .0000 96.3277
80..+...90....+....0....+...10....+...2
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******** This is piece 1. -- It begins at character 1 of table line 1. ********
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Fraction of Fraction of
unpaid loss total loss
Net losses Unpaid losses paid in paid in
Years before Year loss paid in year beginning of year year
current year incurred (000s) year (000s) (percent) (percent)
AUTO PHYSICAL DAMAGE
AY + 0 1985 13876758 16695051 83.1190 83.1190
AY + 1 1984 1743502 1864945 93.4881 15.7817
AY + 2 Pre 1984 -128871 -44115 NA .5496
AY + 3 NA NA NA NA .5496
1...+...10....+...20....+...30....+...40....+...50....+...60....+...70....+....
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******* This is piece 2. -- It begins at character 80 of table line 1. ********
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Fraction of Discounted Reserve
loss unpaid, fraction discount
year-end unpaid, year- factor
(percent) end (percent) (percent)
16.8810 16.1493 95.6656
1.0993 1.0207 92.8552
.5496 .5295 96.3277
.0000 .0000 96.3277
80..+...90....+....0....+...10....+...2
[Note: The following TABLE/FORM is too wide to be displayed on one screen.
You must print it for a meaningful review of its contents. The table has been
divided into multiple pieces with each piece containing information to help you
assemble a printout of the table. The information for each piece includes: (1)
a three line message preceding the tabular data showing by line # and
character # the position of the upper left-hand corner of the piece and the
position of the piece within the entire table; and (2) a numeric scale
following the tabular data displaying the character positions.]
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******** This is piece 1. -- It begins at character 1 of table line 1. ********
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Fraction of Fraction of
unpaid loss total loss
Net losses Unpaid losses paid in paid in
Years before Year loss paid in year beginning of year year
current year incurred (000s) year (000s) (percent) (percent)
FIDELITY
AY + 0 1985 63993 281102 22.7650 22.7650
AY + 1 1984 108652 212771 51.0652 39.4402
AY + 2 Pre 1984 76630 196869 NA 18.8974
AY + 3 NA NA NA NA 18.8974
1...+...10....+...20....+...30....+...40....+...50....+...60....+...70....+....
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******* This is piece 2. -- It begins at character 80 of table line 1. ********
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Fraction of Discounted Reserve
loss unpaid, fraction discount
year-end unpaid, year- factor
(percent) end (percent) (percent)
77.2340 70.5560 91.3524
37.7947 35.0944 92.8552
18.8974 18.2034 96.3277
.0000 .0000 96.3277
80..+...90....+....0....+...10....+...2
[Note: The following TABLE/FORM is too wide to be displayed on one screen.
You must print it for a meaningful review of its contents. The table has been
divided into multiple pieces with each piece containing information to help you
assemble a printout of the table. The information for each piece includes: (1)
a three line message preceding the tabular data showing by line # and
character # the position of the upper left-hand corner of the piece and the
position of the piece within the entire table; and (2) a numeric scale
following the tabular data displaying the character positions.]
*******************************************************************************
******** This is piece 1. -- It begins at character 1 of table line 1. ********
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Fraction of Fraction of
unpaid loss total loss
Net losses Unpaid losses paid in paid in
Years before Year loss paid in year beginning of year year
current year incurred (000s) year (000s) (percent) (percent)
SURETY
AY + 0 1985 322557 869869 37.0811 37.0811
AY + 1 1984 221719 418289 53.0062 33.3509
AY + 2 Pre 1984 29380 252418 NA 14.7840
AY + 3 NA NA NA NA 14.7840
1...+...10....+...20....+...30....+...40....+...50....+...60....+...70....+....
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******* This is piece 2. -- It begins at character 80 of table line 1. ********
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Fraction of Discounted Reserve
loss unpaid, fraction discount
year-end unpaid, year- factor
(percent) end (percent) (percent)
62.9189 57.6021 91.5497
29.5680 27.4554 92.8552
14.7840 14.2411 96.3277
.0000 .0000 96.3277
80..+...90....+....0....+...10....+...2
[Note: The following TABLE/FORM is too wide to be displayed on one screen.
You must print it for a meaningful review of its contents. The table has been
divided into multiple pieces with each piece containing information to help you
assemble a printout of the table. The information for each piece includes: (1)
a three line message preceding the tabular data showing by line # and
character # the position of the upper left-hand corner of the piece and the
position of the piece within the entire table; and (2) a numeric scale
following the tabular data displaying the character positions.]
*******************************************************************************
******** This is piece 1. -- It begins at character 1 of table line 1. ********
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Fraction of Fraction of
unpaid loss total loss
Net losses Unpaid losses paid in paid in
Years before Year loss paid in year beginning of year year
current year incurred (000s) year (000s) (percent) (percent)
GLASS
AY + 0 1985 5330 8021 66.4506 66.4506
AY + 1 1984 1482 1703 87.0229 29.1957
AY + 2 Pre 1984 145 518 NA 2.1769
AY + 3 NA NA NA NA 2.1769
1...+...10....+...20....+...30....+...40....+...50....+...60....+...70....+....
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******* This is piece 2. -- It begins at character 80 of table line 1. ********
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Fraction of Discounted Reserve
loss unpaid, fraction discount
year-end unpaid, year- factor
(percent) end (percent) (percent)
33.5494 31.8747 95.0083
4.3537 4.0427 92.8552
2.1769 2.0969 96.3277
.0000 .0000 96.3277
80..+...90....+....0....+...10....+...2
[Note: The following TABLE/FORM is too wide to be displayed on one screen.
You must print it for a meaningful review of its contents. The table has been
divided into multiple pieces with each piece containing information to help you
assemble a printout of the table. The information for each piece includes: (1)
a three line message preceding the tabular data showing by line # and
character # the position of the upper left-hand corner of the piece and the
position of the piece within the entire table; and (2) a numeric scale
following the tabular data displaying the character positions.]
*******************************************************************************
******** This is piece 1. -- It begins at character 1 of table line 1. ********
*******************************************************************************
Fraction of Fraction of
unpaid loss total loss
Net losses Unpaid losses paid in paid in
Years before Year loss paid in year beginning of year year
current year incurred (000s) year (000s) (percent) (percent)
BURGLARY AND THEFT
AY + 0 1985 16947 35142 48.2243 48.2243
AY + 1 1984 10304 13001 79.2554 41.0340
AY + 2 Pre 1984 3182 8093 NA 5.3703
AY + 3 NA NA NA NA 5.3703
1...+...10....+...20....+...30....+...40....+...50....+...60....+...70....+....
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******* This is piece 2. -- It begins at character 80 of table line 1. ********
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Fraction of Discounted Reserve
loss unpaid, fraction discount
year-end unpaid, year- factor
(percent) end (percent) (percent)
51.7757 48.7823 94.2185
10.7406 9.9732 92.8552
5.3703 5.1731 96.3277
.0000 .0000 96.3277
80..+...90....+....0....+...10....+...2
[Note: The following TABLE/FORM is too wide to be displayed on one screen.
You must print it for a meaningful review of its contents. The table has been
divided into multiple pieces with each piece containing information to help you
assemble a printout of the table. The information for each piece includes: (1)
a three line message preceding the tabular data showing by line # and
character # the position of the upper left-hand corner of the piece and the
position of the piece within the entire table; and (2) a numeric scale
following the tabular data displaying the character positions.]
*******************************************************************************
******** This is piece 1. -- It begins at character 1 of table line 1. ********
*******************************************************************************
Fraction of Fraction of
unpaid loss total loss
Net losses Unpaid losses paid in paid in
Years before Year loss paid in year beginning of year year
current year incurred (000s) year (000s) (percent) (percent)
CREDIT
AY + 0 1985 54286 218630 24.8301 24.8301
AY + 1 1984 52253 126369 41.3495 31.0824
AY + 2 Pre 1984 9995 43661 NA 22.0438
AY + 3 NA NA NA NA 22.0438
1...+...10....+...20....+...30....+...40....+...50....+...60....+...70....+....
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******* This is piece 2. -- It begins at character 80 of table line 1. ********
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Fraction of Discounted Reserve
loss unpaid, fraction discount
year-end unpaid, year- factor
(percent) end (percent) (percent)
75.1699 67.9270 90.3646
44.0875 40.9375 96.3277
22.0438 21.2342 96.3277
.0000 .0000 96.3277
80..+...90....+....0....+...10....+...2
[Note: The following TABLE/FORM is too wide to be displayed on one screen.
You must print it for a meaningful review of its contents. The table has been
divided into multiple pieces with each piece containing information to help you
assemble a printout of the table. The information for each piece includes: (1)
a three line message preceding the tabular data showing by line # and
character # the position of the upper left-hand corner of the piece and the
position of the piece within the entire table; and (2) a numeric scale
following the tabular data displaying the character positions.]
*******************************************************************************
******** This is piece 1. -- It begins at character 1 of table line 1. ********
*******************************************************************************
Fraction of Fraction of
unpaid loss total loss
Net losses Unpaid losses paid in paid in
Years before Year loss paid in year beginning of year year
current year incurred (000s) year (000s) (percent) (percent)
CREDIT ACCIDENT AND HEALTH (group and individual)
AY + 0 1985 50544 93229 54.2149 54.2149
AY + 1 1984 26637 42512 62.6576 28.6879
AY + 2 Pre 1984 8295 18171 NA 8.5486
AY + 3 NA NA NA NA 8.5486
1...+...10....+...20....+...30....+...40....+...50....+...60....+...70....+....
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******* This is piece 2. -- It begins at character 80 of table line 1. ********
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Fraction of Discounted Reserve
loss unpaid, fraction discount
year-end unpaid, year- factor
(percent) end (percent) (percent)
45.7851 42.3654 92.5310
17.0973 15.8757 92.8552
8.5486 8.2347 96.3277
.0000 .0000 96.3277
80..+...90....+....0....+...10....+...2
Rev. Rul. 88-63, 1988-2 C.B. 130, 1988-31 I.R.B. 5.