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Rev. Proc. 2023-22

SECTION 2. PERCENTAGES AND

Internal Revenue Bulletin 2023-19 · 2026-10-03 edition · updated 2026-10-04 · United States

YIELDS

.01 DOMESTIC ASSET/LIABILITY PERCENTAGES FOR 2022. The Secretary determines the domestic asset/ liability percentage separately for life insurance companies and property and liability insurance companies. For the first taxable year beginning after December 31, 2021, the relevant domestic asset/liability percentages are:

127.7 percent for foreign life insurance companies, and 199.7 percent for foreign property and liability insurance companies.

.02 DOMESTIC INVESTMENT YIELDS FOR 2022. The Secretary is required to prescribe separate domestic investment yields for foreign life insurance companies and for foreign property and liability insurance companies. For the first taxable year beginning after December 31, 2021, the relevant domestic investment yields are:

3.0 percent for foreign life insurance companies, and 2.4 percent for foreign property and liability insurance companies.

.03 SOURCE OF DATA FOR 2022. The section 842(b) percentages to be used for the 2022 taxable year are based on tax return data from the 2020 taxable year.

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▸Contents — Internal Revenue Bulletin 2023-19
Internal Revenue Bulletin 2023-19

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