Selective Insurance Group (Selective Insurance Group) Net Reserve Development From Prior Years (USD Mil) : 10.00 (As of Dec. 2023)

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What is Selective Insurance 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.

Selective Insurance Group's Net Reserve Development From Prior Years (USD Mil) for the quarter that ended in Dec. 2023 was 10.00 , which higher from pervious quarter (Sep. 2023)'s result by 72.95%.

Selective Insurance Group's Net Reserve Development From Prior Years (USD Mil) for the annual that ended in Dec. 2023 was 10.00 , which lower from pervious year (Dec. 2022)'s result by 87.32%.

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

SIGI'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.

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

The historical data trend for Selective Insurance 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.

* Premium members only.

Selective Insurance Group Net Reserve Development From Prior Years (USD Mil) Chart

Selective Insurance Group Annual Data

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Net Reserve Development From Prior Years (USD Mil)

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Selective Insurance GroupQuarterly Data

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Net Reserve Development From Prior Years (USD Mil)

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Competitive Comparison of Selective Insurance Group's Net Reserve Development From Prior Years (USD Mil)

For the Insurance - Property & Casualty subindustry, Selective Insurance Group'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.

Selective Insurance Group (NAS:SIGI) 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.

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

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

Selective Insurance Group (Selective Insurance Group) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

SIGIP.PFD:USA SV2:Germany

Address

40 Wantage Avenue, Branchville, NJ, USA, 07890

Website

https://www.selective.com

Selective Insurance Group Inc is a regional property-casualty insurer based in New Jersey, with its operations focused in the New York metropolitan area. Since 1977, Selective has focused its sales efforts on small businesses, offering commercial products that include workers' compensation, general liability, property, and auto insurance. Selective also has a small personal insurance segment (under 20% of total premiums), selling auto and homeowner's coverage.

Executives

John J. Marchioni	officer: EVP, Chief Field Ops Officer	40 WANTAGE AVENUE, BRANCHVILLE X1 07890
Jeffrey F. Kamrowski	officer: EVP, MUSIC	40 WANTAGE AVENUE, BRANCHVILLE NJ 07890
Joseph Eppers	officer: EVP, Chief Investment Officer	40 WANTAGE AVENUE, BRANCHVILLE NJ 07890
Anthony D. Harnett	officer: SVP, Chief Accounting Officer	40 WANTAGE AVENUE, BRANCHVILLE NJ 07890
Cynthia S Nicholson	director	40 WANTAGE AVENUE, BRANCHVILLE NJ 07890
Wole C Coaxum	director	40 WANTAGE AVENUE, BRANCHVILLE NJ 07890
Brenda M Hall	officer: EVP, CL Chief Op Officer	40 WANTAGE AVE., BRANCHVILLE NJ 07890
Vincent M Senia	officer: EVP, Chief Actuary	40 WANTAGE AVE., BRANCHVILLE NJ 07461
John Burville	director	ACE LTD, ACE BLDG 30 WOODBOURNE AVE HAMILTON BER
Michael J. Morrissey	director	40 WANTAGE AVENUE, BRANCHVILLE X1 07890
J Brian Thebault	director	40 WANTAGE AVE, BRANCHVILLE NJ 07890
Gregory E Murphy	director, officer: Chairman, Chief Executive Offi	40 WANTAGE AVE, BRANCHVILLE NJ 07890
Michael H Lanza	officer: Sr. VP and General Counsel	40 WANTAGE AVENUE, BRANCHVILLE NJ 07890
Paul Kush	officer: EVP, Chief Claims Officer	40 WANTAGE AVE., BRANCHVILLE NJ 07890
William M Rue	director	40 WANTAGE AVE, BRANCHVILLE NJ 07890