Discontinued — last reported Q2 '24
Property excluding marine — Prior years
Arch Capital Group Property excluding marine — Prior years decreased by 100.0% to -$36.00M in Q2 2024 compared to the prior quarter. Year-over-year, this metric declined by 125.0%, from -$16.00M to -$36.00M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
A decrease indicates favorable reserve development, suggesting that initial loss estimates were conservative, while an increase indicates unfavorable development, potentially signaling under-reserving or unexpected loss severity.
Detailed definition
This metric represents the development of loss reserves for property insurance claims, excluding marine-related risks, t...
Peer comparison
Peer insurance and reinsurance companies report similar reserve development metrics, typically categorized by line of business, to demonstrate the stability and reliability of their actuarial reserving processes.
acgl_segment_property_excluding_marine_prior_yearsHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$7.10M | -$5.40M | -$11.80M | -$8.90M | -$9.00M | -$16.00M | -$8.00M | $0.00 | -$18.00M | -$36.00M |
| QoQ Change | — | +23.9% | -118.5% | +24.6% | -1.1% | -77.8% | +50.0% | +100.0% | — | -100.0% |
| YoY Change | — | — | — | -64.8% | — | — | +10.1% | — | -100.0% | -125.0% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Arch Capital Group's property excluding marine — prior years?
- Arch Capital Group (ACGL) reported property excluding marine — prior years of -$36.00M in Q2 2024.
- How has Arch Capital Group's property excluding marine — prior years changed year-over-year?
- Arch Capital Group's property excluding marine — prior years decreased by 125.0% year-over-year, from -$16.00M to -$36.00M.
- What does property excluding marine — prior years mean?
- The change in estimated costs for property insurance claims from past years due to new information or claim settlements.