Discontinued — last reported Q4 '23
Other business — Prior years
Arch Capital Group Other business — Prior years remained flat by 0.0% to -$3.25M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 39.5%, from -$5.38M to -$3.25M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase (less negative or more positive) suggests conservative initial reserving or favorable claims trends, while a decrease (more negative) signals adverse development and potential underestimation of past liabilities.
Detailed definition
This metric represents the net favorable or unfavorable development of loss reserves established in previous underwritin...
Peer comparison
Peers in the insurance and reinsurance industry report similar reserve development metrics, though the magnitude varies significantly based on the specific mix of long-tail versus short-tail liabilities within their non-core segments.
acgl_segment_other_business_prior_yearsHistorical Data
| FY'22 | FY'23 | |
|---|---|---|
| Value | -$21.50M | -$13.00M |
| YoY Change | — | +39.5% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Arch Capital Group's other business — prior years?
- Arch Capital Group (ACGL) reported other business — prior years of -$3.25M in Q4 2023.
- How has Arch Capital Group's other business — prior years changed year-over-year?
- Arch Capital Group's other business — prior years increased by 39.5% year-over-year, from -$5.38M to -$3.25M.
- What does other business — prior years mean?
- The adjustment to estimated insurance claims costs from previous years for the company's non-core business segment.