Discontinued — last reported Q1 '21
Products & Services · Prior years
Surety Line of Business — Prior years
Analysis
StatementSegment
CategoryRisk
SignalHigher is better
VolatilityModerate
First reportedQ1 2021
Last reportedQ1 2021
How to read this metric
Favorable development (a decrease in reserves) indicates that initial loss estimates were conservative, while adverse development (an increase in reserves) suggests that past claims are proving more costly than originally anticipated.
Detailed definition
This metric represents the development of loss reserves for the surety insurance line of business related to claims incu...
Peer comparison
Peer insurance companies typically report this as 'prior year reserve development' within their surety or specialty lines, with investors looking for consistent reserve releases as a sign of disciplined underwriting.
Metric ID:
acgl_segment_surety_line_of_business_prior_yearsSimilar Metrics at Other Companies
Frequently Asked Questions
- What does surety line of business — prior years mean?
- This metric measures the change in estimated costs for surety insurance claims that occurred in past years.