### Question
What does undiscounted unpaid losses mean?


### Answer
**Undiscounted unpaid losses** has the following meaning in *26 U.S.C. § 846*:

> the unpaid losses shown in the annual statement filed by the taxpayer for the year ending with or within the taxable year of the taxpayer

#### Citation:
  - *26 U.S.C. § 846*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter L-Insurance Companies > PART III-PROVISIONS OF GENERAL APPLICATION**

