Sentences with phrase «prior year reserves»

Other lines released prior year reserves, though many released less than last year.

2004 - 3, it had to strengthen prior year reserves.

In 2008, it had to strengthen prior year reserves.

3N, 3P» which means for the last 5 years [2013 - 2009], Allstate had negative adjustments to prior year reserves.

The combined ratio of 97.5 % improved 2.1 points due to higher net favorable prior year reserve development (1.7 points) and a benefit (0.8 points) from catastrophe losses, partially offset by a higher underlying combined ratio (0.4 points).

The combined ratio of 74.7 % improved 4.7 points due to higher net favorable prior year reserve development (3.4 points), a lower underlying combined ratio (1.2 points) and lower catastrophe losses (0.1 points).

The combined ratio of 95.5 % decreased 0.5 points due to higher net favorable prior year reserve development (1.0 point), as well as a benefit (0.2 points) from catastrophes, partially offset by a higher underlying combined ratio (0.7 points).

The combined ratio of 97.5 % increased 1.1 points due to a higher underlying combined ratio (1.1 points) and higher catastrophe losses (0.1 points), partially offset by higher net favorable prior year reserve development (0.1 points).

Core income before income taxes increased due to higher net favorable prior year reserve development as well as a strong underlying underwriting gain.

Underlying combined ratio represents the combined ratio excluding the impact of net prior year reserve development and catastrophes.

Cigna's outlook excludes the impact of additional prior year reserve development and potential effects of any future capital deployment.5

3) On page 50 there is positive prior year reserve development for the last three years.

This analysis could be improved by using prior year reserve releases as a fraction of beginning of year reserves, and then discounting by 25 % each year.

Not exact matches

In the opinion of the Company's management, a discussion of loss reserve development is meaningful to users of the financial statements as it allows them to assess the impact between prior and current year development on incurred claims and claim adjustment expenses, net and core income (loss), and changes in claims and claim adjustment expense reserve levels from period to period.

The most directly comparable GAAP financial measure is the combined ratio, which is computed by adding total incurred losses and LAE, including the impact of catastrophe losses and loss and LAE reserve development from prior years, with the insurance expense ratio.

Kemper believes the underlying combined ratio is useful to investors and is used by management to reveal the trends in Kemper's property and casualty insurance businesses that may be obscured by catastrophe losses and prior - year reserve development.

On Wednesday, Megna would not specify how much of the $ 850 million in reserve was specifically going to be set aside for the prior year Medicaid re-payments.

Local school officials who did respond cited the need to save existing programs, restore services cut in prior years or conserve dwindling reserve funds.

We highly recommend you reserve a hotel room as soon as possible, in previous years the event hotel sold out all rooms 1 to 2 months prior to the conference.

Repeating from above, management teams that reserve conservatively establish strong reserves on current year business, which depress current year profits, but gain reserve releases from prior year strongly set reserves.

But here is the reserving story on AIG: up until 2000 AIG generally released reserves for the business written in prior years.

BRK still has a underwriting profit over the past eleven years, and they continue to release reserves from prior year claims.

Good companies establish strong reserves on current year business, which depress current year profits, but gain reserve releases from prior year strongly set reserves.

A key figure in reviewing reserving is how much a company increases or reduces reserves due to claims from business written in prior years.

One final note on the table: 2004 and after, AIG adjusted their prior year incurred figures for foreign exchange fluctuations, and interest that needed to be accrued, because they discounted their reserves.

Over the last three years, the amount of reserves from prior years deemed to be in excess of what was needed has fallen, even as gross reserves have risen.

Please Note: Whilst we have taken great care in making our Alhucemas guide as accurate as possible, onboard facilities, services and entertainment may vary depending on the date and time of year that you travel, facilities mentioned may change without notification and ferry companies reserve the right to operate vessels other than those mentioned at time of booking without prior notification.

Please Note: Whilst we have taken great care in making our Normandie guide as accurate as possible, onboard facilities, services and entertainment may vary depending on the date and time of year that you travel, facilities mentioned may change without notification and ferry companies reserve the right to operate vessels other than those mentioned at time of booking without prior notification.

Please Note: Whilst we have taken great care in making our Armorique guide as accurate as possible, onboard facilities, services and entertainment may vary depending on the date and time of year that you travel, facilities mentioned may change without notification and ferry companies reserve the right to operate vessels other than those mentioned at time of booking without prior notification.

Please Note: Whilst we have taken great care in making our Vronskiy guide as accurate as possible, onboard facilities, services and entertainment may vary depending on the date and time of year that you travel, facilities mentioned may change without notification and ferry companies reserve the right to operate vessels other than those mentioned at time of booking without prior notification.

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