Discontinued — last reported Q1 '21
Products & Services · Prior years
Property — Prior years
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityVolatile
First reportedQ1 2016
Last reportedQ1 2021
How to read this metric
An increase represents favorable reserve development, which boosts current period earnings, while a decrease signals unfavorable development that may require additional reserve strengthening and negatively impact profitability.
Detailed definition
This metric represents the net favorable or unfavorable development of loss reserves established in previous underwritin...
Peer comparison
Peers in the property and casualty insurance industry report this as 'prior year reserve development,' with consistent favorable development often signaling strong underwriting discipline and conservative reserving practices.
Metric ID:
acgl_segment_property_prior_yearsSimilar Metrics at Other Companies
Frequently Asked Questions
- What does property — prior years mean?
- This metric measures whether the company set aside too much or too little money for property insurance claims from past years.