Recognized Loss

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Recognized Loss

In accounting, the sale of an investment or asset for less than the purchase price. Individuals and companies may use recognized losses to offset taxable income from other gains. For example, if a company has $5,000 in capital gains in a given year and $2,500 in recognized losses, its taxable income on the capital gains is only $2,500. Recognized losses can also be applied to future years. For example, if a company has no taxable income in a given year, recognized losses may offset taxes on profits for up to a certain number of years. See also: Future income taxes.
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For the third quarter, earnings excluding realized capital losses were $10.
We currently estimate that fourth quarter operating earnings per share, excluding realized capital losses, will approximate $0.
5 million for first quarter 2012 reflects net realized capital losses of $10.
For the quarter ended March 31, ($ in millions except EPS; all after-tax) 2003 2002 Net income (loss) $(1,395) $292 - Net realized capital losses (34) (1) Operating income (loss) $(1,361) $293 -Effect of 2003 asbestos reserve addition (1,701) -- Operating income before effect of asbestos reserve addition $340 $293 Earnings per diluted share - Net income (loss) $(5.
3 million for first quarter 2011 reflects net realized capital losses of $52.
These losses, which continue to be unrealized, will be reclassified to realized capital losses.
Despite the realized capital losses suffered in 2008, net investment income also has been a steady contributor to equity.
In addition, after-tax realized capital losses for the fourth quarter of 2001 were $0.
Teachers Protective has reported continued operating losses and surplus deterioration over the past three years, primarily the result of higher than expected claims, long-term care reserve strengthening and realized capital losses.
Erie Family Life Insurance Company announced it would recognize charges for realized capital losses during the fourth quarter of 2001 of about $16.
Reaves and portfolio manager recently noted that the recovery in equity markets over the past several months permitted the Fund to realize capital gains sufficient to recover nearly all prior year realized capital losses carried into the 2010 fiscal year, which ends October 31.