AXA (AXAHY) Net Reserve Development From Prior Years (USD Mil) : 0.00 (As of . 20)

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What is AXA 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.

AXA's Net Reserve Development From Prior Years (USD Mil) for the annual that ended in Dec. 2022 was 596.34 , which lower from pervious year (Dec. 2021)'s result by 65.12%.

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

AXAHY'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.

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

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

AXA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Net Reserve Development From Prior Years (USD Mil)

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Competitive Comparison of AXA's Net Reserve Development From Prior Years (USD Mil)

For the Insurance - Diversified subindustry, AXA'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.

AXA (OTCPK:AXAHY) 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.

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

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AXA (AXAHY) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » AXA SA (OTCPK:AXAHY) » Definitions » Net Reserve Development From Prior Years (USD Mil)

Comparable Companies

Traded in Other Exchanges

AXAHF:USA AXA:Italy CSp:UK 0HAR:UK CS:France AXA:Germany CS:Austria

Address

25, Avenue Matignon, Paris, FRA, 75008

Website

https://www.axa.com

AXA's origins date back to Ancienne Mutuelle, which was one of the few insurers that remained after the creation of the French security system. With the threat of nationalization, a merger took place between three insurance groups The Drouot Group, AXA (still known as Mutuelles Unies in 1982), and Presence Group. Ten years later AXA acquired North American life insurer Equitable Holdings. This was a time of expansion as AXA also bought UAP, a large French insurer at that time. Yet, as markets crashed at the turn of the millennium, AXA decided to refocus its business and exited its stake in U.S. investment bank Donaldson, Lufkin & Jenrette. A few years later the firm expanded again with the acquisition of Swiss insurer Winterthur. About 5 years ago AXA began reshaping its portfolio again.

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