### Question
What is the definition of statement gain or loss from operations?


### Answer
The definition of **statement gain or loss from operations** is as follows in *26 U.S.C. § 809*:

> the net gain or loss from operations required to be set forth in the annual statement, determined without regard to Federal income taxes, and—


(A) determined by substituting for the amount shown for policyholder dividends the amount of deduction for policyholder dividends determined under section 808 (without regard to section 808(c)(2)),


(B) determined on the basis of the tax reserves rather than statutory reserves, and


(C) properly adjusted for realized capital gains and losses and other relevant items

#### Citation:
  - *26 U.S.C. § 809*
  - Heading: **Subtitle A-Income Taxes > CHAPTER 1-NORMAL TAXES AND SURTAXES > Subchapter L-Insurance Companies > PART I-LIFE INSURANCE COMPANIES > Subpart C-Life Insurance Deductions**

