Swiss Re AG (XSWX:SREN) Net Reserve Development From Prior Years (USD Mil) : 0.00 (As of . 20)

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

XSWX:SREN'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.

Swiss Re AG Net Reserve Development From Prior Years (USD Mil) Historical Data

The historical data trend for Swiss Re AG'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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Swiss Re AG Net Reserve Development From Prior Years (USD Mil) Chart

Swiss Re AG (XSWX:SREN) 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.

Swiss Re AG Net Reserve Development From Prior Years (USD Mil) Related Terms

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Swiss Re AG (XSWX:SREN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Swiss Re AG (XSWX:SREN) » Definitions » Net Reserve Development From Prior Years (USD Mil)

Comparable Companies

Traded in Other Exchanges

SSREY:USA SSREF:USA SREN:Mexico SRENz:UK SR9A:Germany

Address

Mythenquai 50/60, Zurich, CHE, 8022

Website

https://www.swissre.com

Swiss Re is a reinsurer that has three core divisions: property and casualty reinsurance, life and health reinsurance, and corporate solutions. Swiss Re was founded in 1863 when the general manager of Helvetia sought to stem the flow of reinsurance premiums outside Switzerland. Moritz Grossmann argued he could cut the premiums paid to foreign firms, still make a profit, and pay mid-single-digit dividends. Swiss Re is now the second-largest reinsurer in the world by market cap, has 80 offices globally, and employs nearly 15,000 people. While the business did lose its way in the early part of the millennium, led by an ex-investment banker who took the business heavily into securitizations, lately Swiss Re has been focused on establishing quality within its three core divisions.