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OneBeacon Insurance Group (OneBeacon Insurance Group) Net Reserve Development From Prior Years (USD Mil) : -7.30 (As of Jun. 2017)


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What is OneBeacon 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.

OneBeacon Insurance Group's Net Reserve Development From Prior Years (USD Mil) for the quarter that ended in Jun. 2017 was -7.30

OneBeacon Insurance Group's Net Reserve Development From Prior Years (USD Mil) for the annual that ended in Dec. 2016 was -15.40

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

OB'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.

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

The historical data trend for OneBeacon 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.

* Premium members only.

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

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OneBeacon Insurance Group  (NYSE:OB) 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.

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

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OneBeacon Insurance Group (OneBeacon Insurance Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » OneBeacon Insurance Group Ltd (NYSE:OB) » Definitions » Net Reserve Development From Prior Years (USD Mil)
Comparable Companies
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Traded in Other Exchanges
N/A
Address
Website
http://www.onebeacon.com
OneBeacon Insurance Group Ltd is a specialty property and casualty insurance writer. It offers a wide range of insurance products primarily in the US market through independent agencies, regional and national brokers, wholesalers and managing general agencies. Business activity of the group is further divided in to various segments such as Specialty Products, Specialty Industries, and Investing, Financing and Corporate. Its geographical area of operation includes California, New York, Texas, District of Columbia, Florida and Other and derives most of the revenue through premium and investment income.
Executives
Kent D Urness director 1 BEACON LANE, CANTON MA 02021
John C Treacy officer: SVP & Chief Accounting Officer 601 CARLSON PARKWAY, SUITE 600, MINNETONKA MN 55305
T Michael Miller director, officer: President & CEO C/O ONEBEACON INSURANCE GROUP, LTD, 1 BEACON LANE, CANTON MA 02021
Paul H. Mcdonough officer: EVP & Chief Financial Officer ONE BEACON LANE, CANTON MA 02021
Morgan W Davis director 80 SOUTH MAIN STREET, HANOVER NH 03755
Lowndes Andrew Smith director C/O WHITE MOUNTIAN INSURANCE GROUP, 80 S MIAN ST, HANOVER NH 03755
Patrick A Thiele director PARTNERRE LTD, WELLESLEY HOUSE 90 PITTS BAY RD, PEMBROKE BERMUDA D0 HM 08
George Manning Rountree director C/O 80 SOUTH MAIN STREET, HANOVER NH 03755
Michael J Mcsally officer: SVP OneBeacon Insurance Co. 10375 PROFESSIONAL CIRCLE, RENO NV 89521
Kevin James Rehnberg officer: SVP, OneBeacon Insurance Co. C/O ONEBEACON INSURANCE GROUP, LTD, 1 BEACON LANE, CANTON MA 02021
Barrette Raymond Joseph Rene director C/O WHITE MOUNTAINS INS, 80 S. MAIN ST, HANOVER NH 03755
Allan Lewis Waters director 14 WESLEY STREET, HAMILTON D0 HM11
Steven Elliot Fass director 10 DEPUTY MINISTER DR, COLTS NECK NJ 07722
Reid Tarlton Campbell director C/O WHITE MOUNTAINS INSURANCE GROUP, 80 SOUTH MAIN STREET, HANOVER NH 03755
David Thomas Foy director C/O WHITE MOUNTAINS INSURANCE GROUP LTD, 80 SOUTH MAIN STREET, HANOVER NH 03755