Discontinued — last reported Q1 '24
Construction and national accounts — Prior years
Arch Capital Group Construction and national accounts — Prior years increased by 366.7% to $7.00M in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 366.7%, from $1.50M to $7.00M. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
A positive value indicates favorable reserve development, suggesting initial estimates were conservative, while a negative value indicates adverse development requiring additional capital allocation.
Detailed definition
This metric represents the net favorable or unfavorable development of loss reserves established in previous underwritin...
Peer comparison
Peers in the specialty insurance sector report this as 'prior year reserve development,' with consistent positive development often signaling disciplined underwriting and prudent reserving practices.
acgl_segment_construction_and_national_accounts_prior_yearsHistorical Data
| Q2 '21 | Q3 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$5.60M | -$26.30M | $1.75M | $1.75M | $1.75M | $1.75M | $1.50M | $1.50M | $1.50M | $1.50M | $7.00M |
| QoQ Change | — | -369.6% | +106.7% | +0.0% | +0.0% | +0.0% | -14.3% | +0.0% | +0.0% | +0.0% | +366.7% |
| YoY Change | — | — | — | +131.3% | +106.7% | — | -14.3% | -14.3% | -14.3% | -14.3% | +366.7% |
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Frequently Asked Questions
- What is Arch Capital Group's construction and national accounts — prior years?
- Arch Capital Group (ACGL) reported construction and national accounts — prior years of $7.00M in Q1 2024.
- How has Arch Capital Group's construction and national accounts — prior years changed year-over-year?
- Arch Capital Group's construction and national accounts — prior years increased by 366.7% year-over-year, from $1.50M to $7.00M.
- What does construction and national accounts — prior years mean?
- The adjustment to insurance loss reserves for claims originating from policies written in past years.