SECTION 7. DRAFTING

INFORMATION

The principal author of this revenue procedure is Grace Chang of the Office of Associate Chief Counsel (Financial Institutions & Products). For further information regarding this revenue procedure, contact Ms. Chang at (202) 317-4286 (not a toll-free call).

.03 Comments Regarding Composite Method .

The Treasury Department and the IRS request comments on the plans described in section 5.02 of this revenue procedure, including:

(1) comments on whether the Treasury Department and the IRS should permit taxpayers using the composite method to use discount factors determined using the approach described in section 5.02 of this revenue procedure in taxable years beginning in 2024 or 2025, and also provide simplified procedures for taxpayers using the composite method to change their method of accounting to use such factors in such taxable years;

(2) comments regarding any alternative approaches the Treasury Department and the IRS should consider, including elimination or alteration of the composite discount method described in Section V of Notice 88-100, either for short-tail lines

of business only or for both short-tail and long-tail lines of business; and

(3) comments on what, if any, additional guidance regarding composite method discount factors insurance companies require.

.04 Procedures for Submitting Com- ments .

(1) Deadline . Written comments should be submitted by May 22, 2026.

(2) Form and manner . The subject line for the comments should include a reference to Revenue Procedure 2026-13. All commenters are strongly encouraged to submit comments electronically. However, comments may be submitted in one of two ways:

(a) Electronically via the Federal eRulemaking Portal at www.regulations. gov (type IRS-2026-0134 in the search field on the regulations.gov homepage to find this revenue procedure and submit comments); or

February 23, 2026 578 Bulletin No. 2026–9