U.S. Life Insurance Company Income Tax Return

• Legal Form Number: 1120-L
• Year: 2024
• Issuer: Treasury Department
• Section: Treasury Department

Form 1120-L

Department of the Treasury

Internal Revenue Service

U.S. Life Insurance Company Income Tax Return

For calendar year 2023 or tax year beginning, 2023, ending, 20

Go to www.irs.gov/Form1120L for instructions and the latest information.

OMB No. 1545-0123

2023

Please

print

or

type

Name

Number, street, and room or suite no. If a P.O. box, see instructions.

City or town, state or province, country, and ZIP or foreign postal code

A Check if:

1 Consolidated return

(attach Form 851)

2 Life-nonlife

consolidated return

3 Schedule M-3 (Form

1120-L) attached

B

Employer identification number

C Date incorporated

D Check applicable box if an

election has been made under

section(s):

953(c)(3)(C) 953(d)

E Check if:(1) Final return(2) Name change(3) Address change(4) Amended return

Income(line 6 is reserved)

1Gross premiums, etc., less return premiums, etc. Enter balance ..............1

2Net decrease, if any, in reserves (Schedule F, line 12) .................2

3a Decrease in reserves under section 807(f) ....................3a

bIncome from Reserve Transition Relief (see instructions) ................3b

4Investment income (Schedule B, line 6) (see instructions) ................4

5Capital gain net income (Schedule D (Form 1120)) ..................5

7Other income (attach statement) .......................7

8Life insurance company gross income. Add lines 1 through 7 ...............8

Deductions (See instructions for limitations on deductions.)

9Deathbenefits,etc............................ 9

10 Net increase, if any, in reserves (Schedule F, line 12) .................10

11a Increase in reserves under section 807(f) .....................11a

bDeduction from Reserve Transition Relief (see instructions) ...............11b

12 Deductible policyholder dividends under section 808 .................12

13 Assumption by another person of liabilities under insurance, etc., contracts ..........13

14 Dividends reimbursable by taxpayer ......................14

15a Interest bLess tax-exempt interest expense c

Balance

15c

16 Deductible policy acquisition expenses (Schedule G, line 20) ...............16

17 Reserved for future use ..........................17

18 Other deductions (see instructions) (attach statement) .................18

19 Addlines9through18..........................19

20Subtotal. Subtract line 19 from line 8 ......................20

21a Dividends-received and other special deductions (Schedule A, line 22) ....21a

Plus: b. Net operating loss deduction (see instructions) (attach statement) ...21b 21c

22 Gain or (loss) from operations. Subtract line 21c from line 20 ...............22

23 Life insurance company taxable income (LICTI). Enter line 22 here .............23

24 Phased inclusion of balance of policyholders surplus account (see instructions) .........24

Tax, Refundable Credits, and Payments

25Taxable income. Add lines 23 and 24 (see instructions) ................25

26Total tax (Schedule K, line 12) ........................26

27a Preceding year's overpayment credited to the current year .......27a

bCurrent year’s estimated tax payments .............27b

cCurrent year’s refund applied for on Form 4466 ...........27c ( )27d

eTax deposited with Form 7004 ................27e

fCredit for tax paid on undistributed capital gains (attach Form 2439) .....27f

gCredit for federal tax paid on fuels (attach Form 4136) .........27g

hU.S. income tax paid or withheld at source (attach Form 1042-S) ......27h

iElective payment election amount from Form 3800 ..........27i

zOther credits and payments (see instructions—attach statement) .....27z

28Total payments and credits. Combine lines 27d through 27z ..............28

29 Estimated tax penalty. Check if Form 2220 is attached ................29

30Amount owed. If line 28 is smaller than the total of lines 26 and 29, enter amount owed .......30

31Overpayment. If line 28 is larger than the total of lines 26 and 29, enter amount overpaid ......31

32 Enter amount from line 31: Credited to 2024 estimated tax . .Refunded..32

Sign

Here

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true,

correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.

Signature of officerDate Title

May the IRS discuss this return

with the preparer shown below?

See instructions.

YesNo

Paid

Preparer

Use Only

Print/Type preparer’s namePreparer’s signatureDateCheck if

self-employed

PTIN

Firm’s name Firm’s EIN

Firm’s addressPhone no.

For Paperwork Reduction Act Notice, see separate instructions.Cat. No. 11480EForm 1120-L (2023)