Employers Holdings (Employers Holdings) Net Reserve Development From Prior Years (USD Mil) : 24.90 (As of Dec. 2023)

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What is Employers Holdings 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.

Employers Holdings's Net Reserve Development From Prior Years (USD Mil) for the quarter that ended in Dec. 2023 was 24.90 , which higher from pervious quarter (Sep. 2023)'s result by 24,800.00%.

Employers Holdings's Net Reserve Development From Prior Years (USD Mil) for the annual that ended in Dec. 2023 was 52.10 , which higher from pervious year (Dec. 2022)'s result by 55.99%.

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

EIG'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.

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

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

Employers Holdings Annual Data

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Employers HoldingsQuarterly Data

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Net Reserve Development From Prior Years (USD Mil)

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

For the Insurance - Specialty subindustry, Employers Holdings'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.

Employers Holdings (NYSE:EIG) 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.

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

Thank you for viewing the detailed overview of Employers Holdings's Net Reserve Development From Prior Years (USD Mil) provided by GuruFocus.com. Please click on the following links to see related term pages.

Employers Holdings (Employers Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Employers Holdings Inc (NYSE:EIG) » Definitions » Net Reserve Development From Prior Years (USD Mil)

Comparable Companies

Traded in Other Exchanges

YGB:Germany

Address

10375 Professional Circle, Reno, NV, USA, 89521

Website

http://www.employers.com

Employers Holdings Inc provides workers' compensation insurance, primarily to small businesses in low- to medium hazard industries. Its customers are employers, and the insurance premiums that those employers pay account for more than 90% of total company revenue. Substantially all of the remaining revenue is generated through investments. The company operates exclusively in the United States, and it generates more than half of its business in California. By industry, the company has the most exposure to restaurants, which account for roughly a fourth of the total premiums the company earns.

Executives

Katherine H. Antonello	officer: EVP, Chief Actuary	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Alejandro Perez-tenessa	director	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Michael J Mcsally	director	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Christopher Laws	officer: EVP, Chief Actuary	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Tracey Lynn Berg	officer: EVP, Chief Information Officer	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Stephen V Festa	officer: Sr VP & CCO, EICN and ECIC	9790 GATEWAY DRIVE, SUITE 200, RENO NV 89521
Douglas D Dirks	director, officer: President and CEO of EIG	10375 PROFESSIONAL CIRCLE, RENO NV 89521
De Figueiredo Joao M	director	10375 PROFESSIONAL CIRCLE, RENO NV 89521
James R Kroner	director	600 FOURTH STREET, P.O. BOX 6000, SIOUX CITY IA 51102-6000
Jeanne L Mockard	director	PUTNAM INVESTMENTS, ONE POST OFFICE SQUARE, BOSTON MA 02109
Lawrence S Rogers	officer: SVP, Chief Underwriting Office	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Richard W Blakey	director	10375 PROFESSIONAL CIRCLE, RENO NV 89521
John M. Mutschink	officer: SVP, Chief HR Officer	10375 PROFESSIONAL CIRCLE, RENO NV 89521
Michael Scott Paquette	officer: EVP, Chief Financial Officer	EMPLOYERS HOLDINGS, INC., 10375 PROFESSIONAL CIRCLE, RENO NV 89521
Barry J. Vogt	officer: SVP, Chief Claims Officer	10375 PROFESSIONAL CIRCLE, RENO NV 89521