Total property & casualty operations — Total pretax unfavorable development
Loews Total property & casualty operations — Total pretax unfavorable development increased by 10100.0% to $100.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 63.9%, from $61.00M to $100.00M. Over 3 years (FY 2021 to FY 2024), Total property & casualty operations — Total pretax unfavorable development shows a downward trend with a 41.3% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase indicates that past claims are costing more than originally anticipated, which negatively impacts current period earnings. A decrease or negative value indicates favorable development, suggesting that reserves were set conservatively and are being released back into income.
Detailed definition
This metric represents the net increase in estimated liabilities for claims occurring in prior periods, reflecting that...
Peer comparison
Peers report this as 'prior year reserve development' or 'adverse loss development'; investors compare this against industry-standard reserve adequacy ratios.
l_segment_total_property_casualty_operations_total_pretax_unfavorable_developmentHistorical Data
| 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 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.75M | $2.75M | $2.75M | -$8.00M | -$8.00M | -$8.00M | -$8.00M | -$5.75M | -$5.75M | -$5.75M | -$5.75M | -$7.00M | $23.00M | $17.00M | -$64.00M | $61.00M | $108.00M | -$1.00M | $100.00M |
| QoQ Change | — | +0.0% | +0.0% | -390.9% | +0.0% | +0.0% | +0.0% | +28.1% | +0.0% | +0.0% | +0.0% | -21.7% | +428.6% | -26.1% | -476.5% | +195.3% | +77.0% | -100.9% | >999% |
| YoY Change | — | — | — | — | -390.9% | -390.9% | -390.9% | +28.1% | +28.1% | +28.1% | +28.1% | -21.7% | +500.0% | +395.7% | <-999% | +971.4% | +369.6% | -105.9% | +63.9% |
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Frequently Asked Questions
- What is Loews's total property & casualty operations — total pretax unfavorable development?
- Loews (L) reported total property & casualty operations — total pretax unfavorable development of $100.00M in Q1 2026.
- How has Loews's total property & casualty operations — total pretax unfavorable development changed year-over-year?
- Loews's total property & casualty operations — total pretax unfavorable development increased by 63.9% year-over-year, from $61.00M to $100.00M.
- What is the long-term trend for Loews's total property & casualty operations — total pretax unfavorable development?
- Over 3 years (2021 to 2024), Loews's total property & casualty operations — total pretax unfavorable development has grown at a 41.3% compound annual growth rate (CAGR), from $11.00M to -$31.00M.
- What does total property & casualty operations — total pretax unfavorable development mean?
- The amount by which previous insurance claim estimates were increased because the original reserves were not enough to cover the actual costs.