Markel (Markel) Net Reserve Development From Prior Years (USD Mil) : 0.00 (As of . 20)

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

MKV'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.

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

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

Markel (NYSE:MKV) 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.

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

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Markel (Markel) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Markel Corp (NYSE:MKV) » Definitions » Net Reserve Development From Prior Years (USD Mil)

Comparable Companies

Traded in Other Exchanges

MKL:USA MKV:Germany MKLC34:Brazil

Address

4521 Highwoods Parkway, Glen Allen, VA, USA, 23060-6148

Website

https://www.markel.com

Markel's primary business is property and casualty insurance, and the company focuses primarily on specialty lines, ranging from areas such as executive liability to commercial equine insurance. The acquisition of Alterra in 2013 added substantial reinsurance operations, which now account for a little less than 15% of premiums. The company uses capital generated by its insurance operations to buy noninsurance operations in diverse areas, such as bakery equipment manufacturing and residential homebuilding.