What is Arch Capital Group's professional liability — prior years?

Arch Capital Group (ACGL) reported professional liability — prior years of $2.00M in Q4 2023.

How has Arch Capital Group's professional liability — prior years changed year-over-year?

Arch Capital Group's professional liability — prior years increased by 900.0% year-over-year, from $200.00K to $2.00M.

What does professional liability — prior years mean?

The change in estimated costs for claims that occurred in previous years within the professional liability insurance segment.

Discontinued — last reported Q4 '23

Products & Services · Prior years

Professional liability — Prior years

Arch Capital Group Professional liability — Prior years decreased by 92.0% to $2.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 900.0%, from $200.00K to $2.00M. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment

CategoryRisk

SignalHigher is better

VolatilityModerate

First reportedQ1 2020

Last reportedQ4 2023

How to read this metric

Favorable development (a reduction in prior year estimates) signals conservative initial reserving and potential earnings tailwinds, while unfavorable development suggests under-reserving and potential future earnings pressure.

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 favorable development often viewed as a hallmark of superior actuarial and underwriting quality.

Metric ID: acgl_segment_professional_liability_prior_years

Historical Data

10 periods

	Q2 '21	Q3 '21	Q1 '22	Q2 '22	Q3 '22	Q4 '22	Q1 '23	Q2 '23	Q3 '23	Q4 '23
Value	$5.20M	$15.00M	$7.20M	$6.30M	$11.30M	$200.00K	$18.00M	$5.00M	$25.00M	$2.00M
QoQ Change	—	+188.5%	-52.0%	-12.5%	+79.4%	-98.2%	>999%	-72.2%	+400.0%	-92.0%
YoY Change	—	—	—	+21.2%	-24.7%	—	+150.0%	-20.6%	+121.2%	+900.0%

Range$200.00K – $25.00M

CAGR-34.6%

Avg YoY Growth+191.2%

Median YoY Growth+71.2%

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Frequently Asked Questions

What is Arch Capital Group's professional liability — prior years?: Arch Capital Group (ACGL) reported professional liability — prior years of $2.00M in Q4 2023.
How has Arch Capital Group's professional liability — prior years changed year-over-year?: Arch Capital Group's professional liability — prior years increased by 900.0% year-over-year, from $200.00K to $2.00M.
What does professional liability — prior years mean?: The change in estimated costs for claims that occurred in previous years within the professional liability insurance segment.