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First Acceptance (First Acceptance) Net Reserve Development From Prior Years (USD Mil) : 0.00 (As of Sep. 2023)


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What is First Acceptance 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.

First Acceptance's Net Reserve Development From Prior Years (USD Mil) for the annual that ended in Dec. 2023 was 1.71 , which lower from pervious year (Dec. 2022)'s result by 64.41%.

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

FACO'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.

First Acceptance Net Reserve Development From Prior Years (USD Mil) Historical Data

The historical data trend for First Acceptance'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.

First Acceptance Net Reserve Development From Prior Years (USD Mil) Chart

First Acceptance Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Net Reserve Development From Prior Years (USD Mil)
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First AcceptanceQuarterly Data
Trend Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Mar19 Jun19 Sep19 Mar20 Jun20 Sep20 Mar21 Jun21 Mar22 Jun22 Sep22 Mar23 Jun23 Sep23
Net Reserve Development From Prior Years (USD Mil)
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Competitive Comparison of First Acceptance's Net Reserve Development From Prior Years (USD Mil)

For the Insurance - Specialty subindustry, First Acceptance's Net Reserve Development From Prior Years (USD Mil), along with its competitors' market caps and Net Reserve Development From Prior Years (USD Mil) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Acceptance  (OTCPK:FACO) 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.


First Acceptance Net Reserve Development From Prior Years (USD Mil) Related Terms

Thank you for viewing the detailed overview of First Acceptance's Net Reserve Development From Prior Years (USD Mil) provided by GuruFocus.com. Please click on the following links to see related term pages.


First Acceptance (First Acceptance) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » First Acceptance Corp (OTCPK:FACO) » Definitions » Net Reserve Development From Prior Years (USD Mil)
Traded in Other Exchanges
N/A
Address
3813 Green Hills Village Drive, Nashville, TN, USA, 37215
First Acceptance Corp is engaged in the financial services sector. It is principally a retailer, servicer, and underwriter of non-standard personal automobile insurance. The company's operations generate revenue from selling non-standard personal automobile insurance products and related products in the United States. Its suite of products comprises auto insurance, renters, motorcycle, roadside assistance, and hospital insurance. the company also operates a real estate and corporate segment, which consists of the activities related to the disposition of foreclosed real estate held for sale, interest expenses associated with all debt, and other general corporate overhead expenses.
Executives
Rhodes R Bobbitt director 4500 ROLAND, #905, DALLAS TX 75219
Kenneth D Russell director 200 CRESCENT COURT, SUITE 1350, DALLAS TX 75201
Tom C Nichols director 4500 MERCANTILE PLAZA DRIVE, SUITE 300, FORT WORTH TX 76137
Brent J Gay officer: Chief Financial Officer 3813 GREEN HILLS VILLAGE DRIVE, NASHVILLE TN 37215
Olson Lyndon L Jr director 3812 GREENLEAF DRIVE, WACO TX 76710
Jeremy B Ford director
Mark A Kelly officer: Interim CEO & President 5722 WEST HANOVER, DALLAS TX 75209
Joseph S. Borbely officer: President 1572 VANDAGRIFF WAY, CORONA CA 92883
John R Barnett officer: Sr. Vice President of Finance 111 CONGRESSIONAL BLVD, STE 500, CARMEL IN 46032
Daniel L. Walker officer: Sr. VP of Operations 3322 WEST END AVENUE, NASHVILLE TN 37203
Harrison Thomas Marshall Jr director, 10 percent owner, officer: Exec. VP & Secretary 3813 GREEN HILLS VILLAGE DRIVE, NASHVILLE TN 37215
Gerald J Ford director, 10 percent owner, officer: Chairman 200 CRESCENT CT STE 1350, DALLAS TX 75201
Keith E. Bornemann officer: Corporate Controller 3322 WEST END AVENUE, NASHVILLE TN 37203
Shipp William A Jr director 9015 ENGLLISH WOOD COURT, BRENTWOOD TN 37027
Kevin P Cohn officer: VP & Chief Accounting Officer 4400 POST OAK PARKWAY, STE 1100, HOUSTON TX 77027