The Hanover Insurance Group (FRA:AF4) Net Reserve Development From Prior Years (USD Mil) : 0.00 (As of . 20)

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What is The Hanover Insurance Group Net Reserve Development From Prior Years (USD Mil)?

Net Reserve Development From Prior Years (USD Mil) is the difference between the final losses recorded by an insurer and what the insurer originally recorded.

The historical rank and industry rank for The Hanover Insurance Group's Net Reserve Development From Prior Years (USD Mil) or its related term are showing as below:

FRA:AF4's Net Reserve Development From Prior Years (USD Mil) is not ranked ^*
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Net Reserve Development From Prior Years (USD Mil) only.

The Hanover Insurance Group Net Reserve Development From Prior Years (USD Mil) Historical Data

The historical data trend for The Hanover Insurance Group's Net Reserve Development From Prior Years (USD Mil) can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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The Hanover Insurance Group Net Reserve Development From Prior Years (USD Mil) Chart

The Hanover Insurance Group (FRA:AF4) Net Reserve Development From Prior Years (USD Mil) Explanation

Net Reserve Development From Prior Years (USD Mil) is the difference between the final losses recorded by an insurer and what the insurer originally recorded. Prior years’ loss reserve development is useful to the company's management team, as it allows them to assess the impact of incurred claims from previous calendar years on current period earnings.

Generally, lower Prior Years’ Reserve Development is better because it means a higher accuracy on predicting the loss on incurred claims.

The Hanover Insurance Group Net Reserve Development From Prior Years (USD Mil) Related Terms

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The Hanover Insurance Group (FRA:AF4) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » The Hanover Insurance Group Inc (FRA:AF4) » Definitions » Net Reserve Development From Prior Years (USD Mil)

Comparable Companies

Traded in Other Exchanges

THG:USA

Address

440 Lincoln Street, Worcester, MA, USA, 01653

Website

https://www.hanover.com

The Hanover Insurance Group Inc is a holding company whose primary business is offering property and casualty insurance products and services. The company markets itself through independent agents and brokers in the United States while conducting business internationally through a wholly owned subsidiary, Chaucer Holdings Limited, domiciled in the United Kingdom. The company conducts business operations through three operating segments: Commercial Lines, Personal Lines and Other. The company operates an investment portfolio that is primarily exposed to fixed-income securities.

The Hanover Insurance Group (FRA:AF4) Headlines

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