Screener
White Mountains Insurance Group WTM Reserve for insurance claims
Reserve for insurance claims at other companies
Other financials
Where this comes from
Reported directly by White Mountains Insurance Group in its filing.
Tagged under the XBRL concept us-gaap:LiabilityForClaimsAndClaimsAdjustmentExpense.
The source filing: White Mountains Insurance Group’s 10-Q, filed November 7, 2022.
- Filed
- Nov 7, 2022, 8:24 AM EST
- Fiscal quarter
- Q3 FY2022
- Calendar quarter
- Q3 2022
- Accession
- 0000776867-22-000016
| Millions | Three Months Ended September 30, 2022 | Three Months Ended September 30, 2021 | Nine Months Ended September 30, 2022 | Nine Months Ended September 30, 2021 |
|---|---|---|---|---|
| Current year losses | (6.1) | (9.0) | (20.8) | (11.5) |
| Prior year losses | (37.0) | (20.3) | (130.8) | (62.1) |
| Net paid loss and LAE | (43.1) | (29.3) | (151.6) | (73.6) |
| Change in TPC Providers’ participation (2) | — | — | 57.5 | (2.2) |
| Foreign currency translation and other adjustmentsto loss and LAE reserves | (9.2) | (1.2) | (19.9) | (1.2) |
| Net ending balance | 808.0 | 433.4 | 808.0 | 433.4 |
| Plus: ending reinsurance recoverable on unpaid losses (3) | 521.4 | 457.5 | 521.4 | 457.5 |
| Gross ending balance | $1,329.4 | $890.9 | $1,329.4 | $890.9 |
Item 1. Financial Statements (Unaudited)
FAQ
- What is White Mountains Insurance Group's reserve for insurance claims?
- White Mountains Insurance Group (WTM) reported reserve for insurance claims of $1.33B in Q3 2022.
- How has White Mountains Insurance Group's reserve for insurance claims changed year-over-year?
- White Mountains Insurance Group's reserve for insurance claims increased by 49.2% year-over-year, from $890.9M to $1.33B.
- What does reserve for insurance claims mean?
- Reserve for reported and unreported insurance claims and claim adjustment expenses
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