Unico American (Unico American) Net Reserve Development From Prior Years (USD Mil) : -0.16 (As of Sep. 2022)

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What is Unico 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.

Unico American's Net Reserve Development From Prior Years (USD Mil) for the quarter that ended in Sep. 2022 was -0.16 , which lower from pervious quarter (Jun. 2022)'s result by -118.67%.

Unico American's Net Reserve Development From Prior Years (USD Mil) for the annual that ended in Dec. 2021 was 0.13 , which higher from pervious year (Dec. 2020)'s result by -101.57%.

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

UNAM'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.

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

The historical data trend for Unico 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.

Unico American Net Reserve Development From Prior Years (USD Mil) Chart

Unico American Annual Data

Trend

Dec17

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Net Reserve Development From Prior Years (USD Mil)

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Unico AmericanQuarterly Data

Trend

Jun16

Sep16

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Net Reserve Development From Prior Years (USD Mil)

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Competitive Comparison of Unico American's Net Reserve Development From Prior Years (USD Mil)

For the Insurance - Property & Casualty subindustry, Unico 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.

Unico American (OTCPK:UNAM) 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.

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

Thank you for viewing the detailed overview of Unico 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.

Unico American (Unico American) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Unico American Corp (OTCPK:UNAM) » Definitions » Net Reserve Development From Prior Years (USD Mil)

Comparable Companies

Traded in Other Exchanges

N/A

Address

5230 Las Virgenes Road, Calabasas, CA, USA, 91302

Website

http://www.crusaderinsurance.com

Unico American Corp is an insurance holding company that underwrites property and casualty insurance; provides property, casualty, and health insurance; and provides insurance premium financing and membership association services. Its operations are categorized into two segments, the Insurance company operation and Other Insurance operations. The company receives its revenues primarily from premium derived from the insurance company operations, commission and fee income generated from the insurance agency operations, finance charges and fee income from the premium finance operations, and investment income from cash generated primarily from the insurance company operation.

Executives

Kathryn A. Johnson	director	12023 BAYLIES CIRCLE, YUCAIPA CA 92399
Steven L Shea	officer: President, CEO	C/O BLONDER TONGUE LABORATORIES, INC., ONE JAKE BROWN ROAD, OLD BRIDGE NJ 08857
Jennifer Elaine Ziegler	officer: CFO	26050 MUREAU RD, CALABASA CA 91302
Cary Cheldin	director, officer: Executive Vice Presidient	1129 MARICOPA HWY., A-203, OJAI CA 93023
Ambina Partners Llc	10 percent owner	309 GREENWICH AVENUE, SUITE 201, GREENWICH CT 06830
Joycelyn M Ray	director	26050 MUREAU ROAD, CALABASAS CA 91302
Donny Jay Esparza	officer: SENIOR VICE PRESIDENT	26050 MUREAU ROAD, CALABASAS CA 91302
Gregory M Share	10 percent owner	THREE FIRST NATIONAL PLZ, SUITE 3800, CHICAGO IL 60602
Ambina Unico Holdings Llc	10 percent owner	309 GREENWICH AVENUE, SUITE 201, GREENWICH CT 06830
John Buckley Keefe	director	26050 MUREAU ROAD, CALABASAS CA 91302
Gerard J Altonji	director	26050 MUREAU ROAD, CALABASAS CA 91302
Jeffrey Tuder	director	6 GREENHOUSE DRIVE, PRINCETON NJ 08540
Rhonda L Gillenwaters	director	26050 MUREAU ROAD, CALABASAS CA 91302
Ronald A Closser	director	26050 MUREAU ROAD, CALABASAS CA 91302
Erwin Cheldin	director, 10 percent owner, officer: President	26050 MUREAU ROAD, CALABASAS CA 91302