Discontinued — last reported Q2 '24
Marine — Prior years
Arch Capital Group Marine — Prior years increased by 205.9% to $52.00M in Q2 2024 compared to the prior quarter. Year-over-year, this metric grew by 1200.0%, from $4.00M to $52.00M. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase (less negative or more positive) suggests conservative initial reserving or better-than-expected claims experience, while a decrease (more negative) signals adverse loss development and potential under-reserving in prior periods.
Detailed definition
This metric represents the net favorable or unfavorable development of loss reserves established in previous underwritin...
Peer comparison
Peer insurance companies report this as 'prior year reserve development' or 'prior accident year loss development,' which is a standard indicator of underwriting discipline and actuarial accuracy across the property and casualty industry.
acgl_segment_marine_prior_yearsHistorical Data
| Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | |
|---|---|---|---|---|---|---|---|
| Value | -$2.60M | -$5.90M | -$7.00M | $4.00M | -$8.00M | $17.00M | $52.00M |
| QoQ Change | — | -126.9% | -18.6% | +157.1% | -300.0% | +312.5% | +205.9% |
| YoY Change | — | — | — | +253.8% | -35.6% | +342.9% | >999% |
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Frequently Asked Questions
- What is Arch Capital Group's marine — prior years?
- Arch Capital Group (ACGL) reported marine — prior years of $52.00M in Q2 2024.
- How has Arch Capital Group's marine — prior years changed year-over-year?
- Arch Capital Group's marine — prior years increased by 1200.0% year-over-year, from $4.00M to $52.00M.
- What does marine — prior years mean?
- This represents the change in estimated costs for claims that occurred in previous years within the Marine insurance segment.