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Aflac Net Reserve Development From Prior Years (USD Mil)

: 155.00 (As of Jun. 2022)
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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.

Aflac's Net Reserve Development From Prior Years (USD Mil) for the quarter that ended in Jun. 2022 was 155.00 , which higher from pervious quarter (Mar. 2022)'s result by -115.70%.

Aflac's Net Reserve Development From Prior Years (USD Mil) for the annual that ended in Dec. 2021 was 860.00 , which higher from pervious year (Dec. 2020)'s result by 59.26%.

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


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

The historical data trend for Aflac'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.

Aflac Annual Data
Trend Dec17 Dec18 Dec19 Dec20 Dec21
Net Reserve Development From Prior Years (USD Mil)
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AflacQuarterly Data
Trend Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Net Reserve Development From Prior Years (USD Mil)
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Competitive Comparison

For the Insurance - Life subindustry, Aflac'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.

   

Aflac  (NYSE:AFL) 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.


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

Thank you for viewing the detailed overview of Aflac's Net Reserve Development From Prior Years (USD Mil) provided by GuruFocus.com. Please click on the following links to see related term pages.


Aflac Business Description

Aflac logo
Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Aflac Inc (NYSE:AFL) » Definitions » Net Reserve Development From Prior Years (USD Mil)
Address
1932 Wynnton Road, Columbus, GA, USA, 31999
Aflac Inc offers supplemental health insurance and life insurance in the two largest insurance markets in the world, the U.S. and Japan. In addition to its cancer policies, the company has broadened its product offerings to include accidents, disability, and long-term-care insurance. It markets its products through independent distributors, selling most of its policies directly to consumers at their places of work.
Executives
Collins Arthur Reginald director 3911 LORCOM LANE ARLINGTON VA 22207
Mori Nobuchika director 1932 WYNNTON ROAD COLUMBUS GA 31999
Kiser Georgette D. director 1001 PENNSYLVANIA AVENUE, NW WASHINGTON DC 20004-2505
Beaver Steven Kent officer: SVP, CFO, Aflac US 1932 WYNNTON ROAD COLUMBUS GA 31999
Williams Richard Jr officer: Executive V.P. 1932 WYNNTON RD COLUMBUS GA 31999
Riggieri Albert officer: SVP, Corporate Actuary 1932 WYNNTON RD COLUMBUS GA 31999
Rohrer Katherine director 1932 WYNNTON RD COLUMBUS GA 31999
Koide Masatoshi officer: Deputy President, Aflac Japan 1932 WYNNTON RD COLUMBUS GA 31999
Broden Max officer: Senior Vice President 1932 WYNNTON RD COLUMBUS GA 31999
Lloyd Karole director 1932 WYNNTON ROAD COLUMBUS GA 31999
Fukuzawa Toshihiko director 1932 WYNNTON RD COLUMBUS GA 31999
Daniels James Todd officer: Sr. Vice President 1932 WYNNTON ROAD COLUMBUS GA 31999
Crawford Frederick John officer: EVP, Chief Financial Officer AFLAC INCORPORATED COLUMBUS GA 31999
Moskowitz Joseph L director 1932 WYNNTON ROAD COLUMBUS GA 31999
Kenny Thomas J director FRANKLIN RESOURCES INC 901 MARINERS ISLAND BLVD 6TH FLOOR SAN MATEO CA 94404

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