What is Atlantic American 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.
Atlantic American's Net Reserve Development From Prior Years (USD Mil) for the annual that ended in Dec. 2023 was 1.42
, which lower from pervious year (Dec. 2022)'s result by 66.46%.
The historical rank and industry rank for Atlantic American's Net Reserve Development From Prior Years (USD Mil) or its related term are showing as below:
AAME'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.
Atlantic American Net Reserve Development From Prior Years (USD Mil) Historical Data
The historical data trend for Atlantic American'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.
Atlantic American Net Reserve Development From Prior Years (USD Mil) Chart
Atlantic American Annual Data
Trend
Dec19
Dec20
Dec21
Dec22
Dec23
Net Reserve Development From Prior Years (USD Mil)
Competitive Comparison of Atlantic American's Net Reserve Development From Prior Years (USD Mil)
For the Insurance - Life subindustry, Atlantic American'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.
Atlantic American (NAS:AAME) 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.
Atlantic American Net Reserve Development From Prior Years (USD Mil) Related Terms
Thank you for viewing the detailed overview of Atlantic American's Net Reserve Development From Prior Years (USD Mil) provided by GuruFocus.com. Please click on the following links to see related term pages.
Atlantic American (Atlantic American) Business Description
Atlantic American Corp operates in specialty markets within the life and health and property and casualty insurance industries. It provides property and casualty insurance including bodily injury and property damage liability coverage, uninsured motorist coverage, and physical damage coverage for commercial accounts. It also provides tailored business automobile insurance coverage, on a multi-year contract basis, to state governments and local municipalities. The company's life and health operations offer a variety of life and supplemental health products including ordinary and term life insurance, Medicare supplement, and other health insurance. It earns revenue from the collection of premiums and investment income.
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