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Voya Financial (FRA:V0Y) Net Reserve Development From Prior Years (USD Mil) : 0.00 (As of . 20)


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What is Voya Financial 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 Voya Financial's Net Reserve Development From Prior Years (USD Mil) or its related term are showing as below:

FRA:V0Y's Net Reserve Development From Prior Years (USD Mil) is not ranked *
in the Diversified Financial Services industry.
Industry Median:
* Ranked among companies with meaningful Net Reserve Development From Prior Years (USD Mil) only.

Voya Financial Net Reserve Development From Prior Years (USD Mil) Historical Data

The historical data trend for Voya Financial'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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Voya Financial Net Reserve Development From Prior Years (USD Mil) Chart



Voya Financial  (FRA:V0Y) 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.


Voya Financial Net Reserve Development From Prior Years (USD Mil) Related Terms

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Voya Financial (FRA:V0Y) Business Description

Industry
Traded in Other Exchanges
Address
230 Park Avenue, New York, NY, USA, 10169
Voya Financial Inc is a financial services company, which, through its subsidiaries, provides various investment, insurance, and retirement solutions to individual and institutional clients in the United States. Its products and services include tax savings plans, individual retirement accounts, group life insurance plans, and employee benefits products, among others. The company tailors each of its products to the needs of its customer base. It operates its business through three principal lines: Wealth Solutions, Investment Management, and Health Solutions The Wealth segment generates roughly half of the company's revenue.

Voya Financial (FRA:V0Y) Headlines

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