Kansas City Life Insurance Co (Kansas City Life Insurance Co) Net Reserve Development From Prior Years (USD Mil) : 0.00 (As of . 20)

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What is Kansas City Life Insurance Co 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.

Kansas City Life Insurance Co's Net Reserve Development From Prior Years (USD Mil) for the annual that ended in Dec. 2020 was 0.77 , which higher from pervious year (Dec. 2019)'s result by 62.58%.

The historical rank and industry rank for Kansas City Life Insurance Co's Net Reserve Development From Prior Years (USD Mil) or its related term are showing as below:

KCLI'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.

Kansas City Life Insurance Co Net Reserve Development From Prior Years (USD Mil) Historical Data

The historical data trend for Kansas City Life Insurance Co'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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Kansas City Life Insurance Co Net Reserve Development From Prior Years (USD Mil) Chart

Kansas City Life Insurance Co Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Net Reserve Development From Prior Years (USD Mil)

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Competitive Comparison of Kansas City Life Insurance Co's Net Reserve Development From Prior Years (USD Mil)

For the Insurance - Life subindustry, Kansas City Life Insurance Co'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.

Kansas City Life Insurance Co (OTCPK:KCLI) 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.

Kansas City Life Insurance Co Net Reserve Development From Prior Years (USD Mil) Related Terms

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Kansas City Life Insurance Co (Kansas City Life Insurance Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Kansas City Life Insurance Co (OTCPK:KCLI) » Definitions » Net Reserve Development From Prior Years (USD Mil)

Comparable Companies

Traded in Other Exchanges

N/A

Address

3520 Broadway, Kansas, MO, USA, 64111-2565

Website

http://www.kclife.com

Kansas City Life Insurance Co is a Missouri-domiciled insurance company providing individual life, annuity, and group products through general agencies located throughout the United States. The company operates its business in three segments; The Individual Insurance segment consists of individual insurance products for Kansas City Life, Grange Life, and the assumed reinsurance transactions, The Group Insurance segment consists of sales of group life, dental, vision, disability, accident, and critical illness products, and The Old American segment consists of individual insurance products designed largely as final expense products, out of which the Individual insurance segment derives the maximum revenue.