Year-over-year, this metric declined by 201.9%, from $53.00M to -$54.00M. Over 4 years (FY 2021 to FY 2025), Other Personal Lines — Prior years shows an upward trend with a 9.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Favorable development (a reduction in reserves) increases net income, while unfavorable development (an increase in reserves) reduces net income and may indicate previous underestimation of claim severity or frequency.
This metric represents the net favorable or unfavorable development of insurance loss reserves for prior accident years...
Peers report this as 'prior year reserve development' within their respective personal lines segments, often analyzed alongside the combined ratio to determine underwriting discipline.
all_segment_other_personal_lines_prior_years| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $4.00M | -$66.00M | -$27.00M | -$11.00M | -$5.00M | -$5.00M | -$13.00M | $10.00M | $8.00M | -$14.00M | $33.00M | $55.00M | $61.00M | $54.00M | $54.00M | $53.00M | $30.00M | $72.00M | $0.00 | -$54.00M |
| QoQ Change | — | <-999% | +59.1% | +59.3% | +54.5% | +0.0% | -160.0% | +176.9% | -20.0% | -275.0% | +335.7% | +66.7% | +10.9% | -11.5% | +0.0% | -1.9% | -43.4% | +140.0% | -100.0% | — |
| YoY Change | — | — | — | — | -225.0% | +92.4% | +51.9% | +190.9% | +260.0% | -180.0% | +353.8% | +450.0% | +662.5% | +485.7% | +63.6% | -3.6% | -50.8% | +33.3% | -100.0% | -201.9% |