Fairfax Financial Holdings (Fairfax Financial Holdings) Net Reserve Development From Prior Years (USD Mil) : 0.00 (As of . 20)

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What is Fairfax Financial 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.

Fairfax Financial Holdings's Net Reserve Development From Prior Years (USD Mil) for the annual that ended in Dec. 2023 was 309.60 , which higher from pervious year (Dec. 2022)'s result by 57.80%.

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

FRFHF'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.

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

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

Fairfax Financial Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Net Reserve Development From Prior Years (USD Mil)

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

For the Insurance - Property & Casualty subindustry, Fairfax Financial 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.

Fairfax Financial Holdings (OTCPK:FRFHF) 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.

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

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Fairfax Financial Holdings (Fairfax Financial Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Fairfax Financial Holdings Ltd (OTCPK:FRFHF) » Definitions » Net Reserve Development From Prior Years (USD Mil)

Comparable Companies

Address

95 Wellington Street West, Suite 800, Toronto, ON, CAN, M5J 2N7

Website

https://www.fairfax.ca

Fairfax provides reinsurance and property and casualty insurance in Canada, the United States, and other international markets. The company also has some noninsurance operations such as restaurants. Fairfax has been led by Prem Watsa, its chairman and CEO, since its formation in 1985.