MGIC Investment (FRA:MGC) Net Reserve Development From Prior Years (USD Mil) : 0.00 (As of . 20)

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What is MGIC Investment 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 MGIC Investment's Net Reserve Development From Prior Years (USD Mil) or its related term are showing as below:

FRA:MGC'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.

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

The historical data trend for MGIC Investment'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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MGIC Investment Net Reserve Development From Prior Years (USD Mil) Chart

MGIC Investment (FRA:MGC) 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.

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

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MGIC Investment (FRA:MGC) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » MGIC Investment Corp (FRA:MGC) » Definitions » Net Reserve Development From Prior Years (USD Mil)

Comparable Companies

Traded in Other Exchanges

MTG:USA

Address

250 E. Kilbourn Avenue, MGIC Plaza, Milwaukee, WI, USA, 53202

Website

https://www.mgic.com

MGIC Investment Corp provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services. The insurance premiums that these customers pay for the protection accounts for close to majority of the company's total revenue. Investment income accounts for the remaining revenue. The company sells its insurance products in all 50 states of the United States and in Puerto Rico. Its greatest exposure is in California, Florida, Texas, Pennsylvania, Ohio, Illinois, Virginia, North Carolina, Georgia and New York.