What is FBL Financial Group 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 FBL Financial Group's Net Reserve Development From Prior Years (USD Mil) or its related term are showing as below:
FFG'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.
FBL Financial Group Net Reserve Development From Prior Years (USD Mil) Historical Data
The historical data trend for FBL Financial Group'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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FBL Financial Group Net Reserve Development From Prior Years (USD Mil) Chart
FBL Financial Group Annual Data
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Net Reserve Development From Prior Years (USD Mil)
Competitive Comparison of FBL Financial Group's Net Reserve Development From Prior Years (USD Mil)
For the Insurance - Life subindustry, FBL Financial Group'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.
FBL Financial Group (NYSE:FFG) 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.
FBL Financial Group Net Reserve Development From Prior Years (USD Mil) Related Terms
Thank you for viewing the detailed overview of FBL Financial Group's Net Reserve Development From Prior Years (USD Mil) provided by GuruFocus.com. Please click on the following links to see related term pages.
FBL Financial Group (FBL Financial Group) Business Description
FBL Financial Group Inc is an American financial services company. The group has three subsidiaries: Farm Bureau Life Insurance Company, Greenfields Life Insurance Company, Farm Bureau Property and Casualty Insurance Company, and Western Agricultural Insurance Company. Farm Bureau Life Insurance Company offers various lines of life insurance, annuity, and investment products. Greenfields Life Insurance Company offers a wide range of life insurance, annuity, and investment products. Farm Bureau Property and Casualty Insurance Company and Western Agricultural Insurance Company offer full lines of personal and commercial property-casualty insurance products.
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