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IRS Releases 2022 Discount Factors for Insurance Companies

Jan 4, 2022

On December 23, 2022, the IRS issued Revenue Procedure 2023-10 which prescribes the discount factors to be used by insurance companies to compute discounted unpaid losses and discounted salvage recoverable for the 2022 accident year. For convenience, the revenue procedure also includes discount factors for losses incurred in the 2021 accident year and prior. The Revenue Procedure can be found Rev. Proc. 2023-10 (

The revenue procedure is applicable to all insurance companies required to discount unpaid losses under IRC Sec. 846 and all insurance companies required to discount estimated salvage recoverable under IRC Sec. 832.

Click here for a summary of the 2022 discount factors.

In addition, EisnerAmper has created a tool to help you calculate your discounted loss reserves. Access our easy-to-use (and FREE) template by filling out this brief form – then you’ll be able to simply input your loss reserves by accident year and line of business; our tool will do the rest.

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Barbara Pena

Barbara Peña is a Tax Partner with public accounting experience. Barbara’s expertise encompasses corporate, partnership, and individual tax returns; state, local and multistate taxation; and insurance taxation issues.

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