What is Lincoln National 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 Lincoln National's Net Reserve Development From Prior Years (USD Mil) or its related term are showing as below:
LNC'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.
Lincoln National Net Reserve Development From Prior Years (USD Mil) Historical Data
The historical data trend for Lincoln National'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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Lincoln National Net Reserve Development From Prior Years (USD Mil) Chart
Lincoln National Annual Data
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Net Reserve Development From Prior Years (USD Mil)
Competitive Comparison of Lincoln National's Net Reserve Development From Prior Years (USD Mil)
For the Insurance - Life subindustry, Lincoln National'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.
Lincoln National (NYSE:LNC) 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.
Lincoln National Net Reserve Development From Prior Years (USD Mil) Related Terms
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Lincoln National (Lincoln National) Business Description
Lincoln National Corp operates multiple insurance and retirement businesses. The company's operating segment includes Annuities; Retirement Plan Services; Life Insurance and Group Protection. Its products primarily include fixed and indexed annuities, variable annuities, universal life insurance (UL), variable universal life insurance (VUL), linked-benefit UL and VUL, indexed universal life insurance (IUL), term life insurance, employer-sponsored retirement plans and services, and group life, disability and dental.
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