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Hamilton Insurance Group (Hamilton Insurance Group) Net Reserve Development From Prior Years (USD Mil) : 12.06 (As of Mar. 2024)


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What is Hamilton Insurance 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.

Hamilton Insurance Group's Net Reserve Development From Prior Years (USD Mil) for the quarter that ended in Mar. 2024 was 12.06

Hamilton Insurance Group's Net Reserve Development From Prior Years (USD Mil) for the annual that ended in Dec. 2023 was 15.62 , which lower from pervious year (Dec. 2022)'s result by 24.20%.

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

HG'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.

Hamilton Insurance Group Net Reserve Development From Prior Years (USD Mil) Historical Data

The historical data trend for Hamilton Insurance 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.

* Premium members only.

Hamilton Insurance Group Net Reserve Development From Prior Years (USD Mil) Chart

Hamilton Insurance Group Annual Data
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Hamilton Insurance GroupQuarterly Data
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Competitive Comparison of Hamilton Insurance Group's Net Reserve Development From Prior Years (USD Mil)

For the Insurance - Reinsurance subindustry, Hamilton Insurance 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.


Hamilton Insurance Group  (NYSE:HG) 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.


Hamilton Insurance Group Net Reserve Development From Prior Years (USD Mil) Related Terms

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Hamilton Insurance Group (Hamilton Insurance Group) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Hamilton Insurance Group Ltd (NYSE:HG) » Definitions » Net Reserve Development From Prior Years (USD Mil)
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Address
90 Pitts Bay Road, Wellesley House North, 1st Floor, Pembroke, BMU, HM 08
Hamilton Insurance Group Ltd is a Global specialty insurance and reinsurance company. It operates globally, with underwriting operations in Lloyd's, Ireland, Bermuda, and the United States. It operates three principal underwriting platforms (Hamilton Global Specialty, Hamilton Select and Hamilton Re) that are categorized into two reporting business segments (International and Bermuda).