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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.
HCI Group's Net Reserve Development From Prior Years (USD Mil) for the annual that ended in Dec. 2023 was -18.85 , which higher from pervious year (Dec. 2022)'s result by -53.59%.
The historical rank and industry rank for HCI Group's Net Reserve Development From Prior Years (USD Mil) or its related term are showing as below:
The historical data trend for HCI 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.
HCI Group Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Net Reserve Development From Prior Years (USD Mil) | Get a 7-Day Free Trial |
HCI GroupQuarterly Data | |||||||||||||||||||||||||||||||||||||||||
Trend | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | Jun24 | |||||||||||||||||||||
Net Reserve Development From Prior Years (USD Mil) | Get a 7-Day Free Trial |
For the Insurance - Property & Casualty subindustry, HCI Group'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.
HCI Group (NYSE:HCI) 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.
Thank you for viewing the detailed overview of HCI Group's Net Reserve Development From Prior Years (USD Mil) provided by GuruFocus.com. Please click on the following links to see related term pages.
James Mark Harmsworth | officer: Chief Financial Officer | 5300 W CYPRESS ST, SUITE 100, TAMPA FL 33607 |
Lauren L Valiente | director | 3802 COCONUT PALM DRIVE, TAMPA FL 33619 |
Susan Watts | director | 5300 W CYPRESS ST, SUITE 100, TAMPA FL 33607 |
Andrew L. Graham | officer: VP/Corporate Secretary | 3802 COCONUT PALM DRIVE, TAMPA FL 33619 |
Robert Wayne Burks | director | 1009 S STERLING AVENUE, TAMPA FL 33629 |
Paresh Patel | director | 1520 GULF BLVD., APT. 1706, CLEARWATER FL 33767 |
Peter Politis | director | 3802 COCONUT PALM DRIVE, TAMPA FL 33619 |
Gregory Politis | director | 965 SOUTH BAYSHORE BLVD., SAFETY HARBOR FL 34695 |
Eric Brandon Hoffman | director | C/O INTREPID GROUP HOLDINGS, LLC, ONE STAMFORD PLAZA, 263 TRESSER BLVD., STAMFORD CT 06901 |
George Apostolou | director | 3802 COCONUT PALM DRIVE, TAMPA FL 33619 |
Anthony Saravanos | director | 3802 COCONUT PALM DRIVE, TAMPA FL 33619 |
Karin Sue Coleman | officer: Executive Vice President | 5300 W CYPRESS ST, SUITE 100, TAMPA FL 33607 |
James J Macchiarola | director | 3671 EXECUTIVE DRIVE, PALM HARBOR FL 34685 |
Loreen M Spencer | director | 5300 W CYPRESS ST, SUITE 100, TAMPA FL 33607 |
Harish M Patel | director | 7620 PARADISE POINT CIRCLE SOUTH, ST. PETERSBURG FL 33711 |
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