This paper analyzes the losses of a Steinmetz connection three-phase induction motor which is supplied by a single-phase source. The T-type equivalent circuit which is taken no-load losses into account is used to determine phase converter capacitive reactances at starting and rated speed by using the condition of the minimum voltage unbalance. The starting and the operating capacitor are replaced at the slip of the same voltage unbalance factor points which are depicted using two capacitive reactances. The operation characteristics are investigated by comparing with those of three-phase balanced operation to find the feasibility of single-phase operation. To analyze the losses of this motor, the output power decrease factor(OPDF), the loss ratio(LR), the no load loss ratio(NLLR), the copper loss ratio(CLR), the stator copper loss ratio(SCLR), and the rotor copper loss ratio(RCLR) are defined and simulated in the whole slip range. The simulated results show that OPDF is maintained almost uniformly, LR is low at low speed and high at high speed, CLR is higher !ban NLLR, but CLR varies concavely and NLLR varies convexly at high speed, SCLR is low at low speed and high at high speed, but SCLR varies convexly at high speed, and RCLR is nearly opposite to SCLR.