average mutual earnings rate

  • Determined each year by the Treasury Department, it is the percentage relationship between the aggregate gain or loss from operations for a particular or mutual life insurance company and the aggregate average equity base for that year of mutual life insurance companies.

    Internal Revenue Service 1

1Internal Revenue Service, Internal Revenue Manual 4.42.6 Glossary, http://­www.irs.gov/­irm/­part4/­irm_04-042-006.html (last accessed Dec. 22, 2009).