This schedule reconciles financial statement net income (loss) with taxable income reported on Form 1120-L. It must be filed by life insurance companies with total assets of $10 million or more, and may be voluntarily filed by life insurance companies that are not otherwise required to file Schedule M-3 (Form 1120-L). Current Revision Schedule M-3 (Form 1120-L) PDF Instructions for Schedule M-3 (Form 1120-L) (Print Version PDF) Recent Developments None at this time. Other Items You May Find Useful All Schedule M-3 (Form 1120-L) Revisions Other Current Products Related Items About Form 851, Affiliations Schedule About Form 1120-L, U.S. Life Insurance Company Income Tax Return About Form 1120-PC, U.S. Property and Casualty Insurance Company Income Tax Return About Form 8886, Reportable Transaction Disclosure Statement About Form 8916, Reconciliation of Schedule M-3 Taxable Income with Tax Return Taxable Income for Mixed Groups About Form 8916-A, Supplemental Attachment to Schedule M-3