Discontinued — last reported Q4 '22
Business Segments · Workers' compensation discount, amount
Short-tail lines — Workers' compensation discount, amount
W.R. Berkley Short-tail lines — Workers' compensation discount, amount decreased by 8.7% to $1.27B in Q4 2022 compared to the prior quarter.
Analysis
StatementSegment
CategoryRisk
SignalContext dependent
VolatilityStable
First reportedQ4 2016
Last reportedQ4 2022Feb 24, 2023
Rolls up toU.S. workers' compensation
How to read this metric
An increase suggests higher interest rate assumptions or longer payout durations, while a decrease may indicate lower discount rates or faster claim settlements.
Detailed definition
The financial adjustment applied to workers' compensation claim liabilities to reflect the time value of money. This rep...
Peer comparison
Common in insurers with long-tail or statutory workers' compensation obligations; peers often disclose this in actuarial notes.
Metric ID:
wrb_segment_short_tail_lines_workers_compensation_discount_amountHistorical Data
2 periods
| Q4 '21 | Q4 '22 | |
|---|---|---|
| Value | $1.39B | $1.27B |
| QoQ Change | — | -8.7% |
| YoY Change | — | -8.7% |
Range$1.27B – $1.39B
Avg YoY Growth-8.7%
Median YoY Growth-8.7%
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Frequently Asked Questions
- What is W.R. Berkley's short-tail lines — workers' compensation discount, amount?
- W.R. Berkley (WRB) reported short-tail lines — workers' compensation discount, amount of $1.27B in Q4 2022.
- What does short-tail lines — workers' compensation discount, amount mean?
- The reduction in reported workers' compensation liabilities due to discounting for interest.