Screen PC-4 - Premiums Earned, Losses Incurred and Special Deduction (1120)

Schedule E - Premiums Earned

Net premiums written

Enter gross premiums written on insurance contracts during the tax year, less return premiums and premiums paid for reinsurance.

Losses paid during the tax year

In the statement, enter the total losses paid on insurance contacts during the tax year less salvage and reinsurance recovered during the tax year.

Tax-exempt interest subject to Section 832(b)(5)(B)

Enter the amount of tax-exempt interest received or accrued during the tax year on investments made after August 7, 1986.