Navigators Group (Navigators Group) Net Reserve Development From Prior Years (USD Mil) : -52.32 (As of Mar. 2019)

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What is Navigators 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.

Navigators Group's Net Reserve Development From Prior Years (USD Mil) for the quarter that ended in Mar. 2019 was -52.32 , which lower from pervious quarter (Sep. 2018)'s result by -217.22%.

Navigators Group's Net Reserve Development From Prior Years (USD Mil) for the annual that ended in Dec. 2018 was -76.24 , which lower from pervious year (Dec. 2017)'s result by -122.22%.

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

NAVG'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.

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

The historical data trend for Navigators 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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Navigators Group Net Reserve Development From Prior Years (USD Mil) Chart

Navigators Group Annual Data

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Net Reserve Development From Prior Years (USD Mil)

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Navigators GroupQuarterly Data

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Net Reserve Development From Prior Years (USD Mil)

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Navigators Group (NAS:NAVG) 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.

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

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Navigators Group (Navigators Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Navigators Group Inc (NAS:NAVG) » Definitions » Net Reserve Development From Prior Years (USD Mil)

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 Atlantic Street, Stamford, CT, USA, 06901

Website

http://www.navg.com

Navigators Group is a property and casualty insurance company that operates multiple segments, including marine, property and casualty, and professional liabilities. Navigators splits these segments apart by region according to either United States exposure or international exposure. The vast majority of the company's revenue comes from its United States property and casualty business. Navigators distributes its products through a network of insurance brokers. The company considers merger and acquisition investment as a component of its operational growth strategy.

Executives

Meryl D Hartzband	director	C/O THE NAVIGATORS GROUP, INC., 400 ATLANTIC STREET, 8TH FLOOR, STAMFORD CT 06901
Patricia H Roberts	director	C/O THE NAVIGATORS GROUP, INC., 400 ATLANTIC STREET, 8TH FLOOR, STAMFORD CT 06901
Denise Lowsley	officer: SVP, Chief HR Officer	C/O THE HANOVER INSURANCE GROUP, INC., 440 LINCOLN STREET, WORCESTER MA 01653
Loriann Lowery-biggers	officer: SVP,Chief Marketing Officer	BALDWIN & LYONS, INC. 111 CONGRESSIONAL BLVD. CARMEL IN 46032
Bruce J Byrnes	officer: SVP & General Counsel	399 THORNAL STREET, EDISON NJ 08837
W Thomas Forrester	director	6300 WILSON MILLS ROAD, MAYFIELD VILLAGE OH 44143