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

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What is SCOR SE 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.

SCOR SE's Net Reserve Development From Prior Years (USD Mil) for the annual that ended in Dec. 2022 was 0.00

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

SCRYY'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.

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

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

SCOR SE Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Net Reserve Development From Prior Years (USD Mil)

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

For the Insurance - Reinsurance subindustry, SCOR SE'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.

SCOR SE (OTCPK:SCRYY) 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.

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

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SCOR SE (SCOR SE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » SCOR SE (OTCPK:SCRYY) » Definitions » Net Reserve Development From Prior Years (USD Mil)

Comparable Companies

Traded in Other Exchanges

SCRp:UK 0IT3:UK SCR:France SDRB:Germany SCR:Switzerland

Address

5, avenue Kleber, Paris, FRA, 75116

Website

https://www.scor.com

Scor is the world's fifth-largest reinsurer selling non-life and life reinsurance. Scor global life insurers life insurance and annuities. In its co-insurance agreements Scor shares in premiums and claims of life insurance contracts that have been sold by a primary insurer. In its excess of loss agreements, Scor reimburses a primary insurer for claims that are filed above an agreed amount. Scor also sells property and casualty reinsurance in co-insurance and excess of loss. Historically Scor has been better in specialist lines and not as good in lines where there is a large potential for loss. Having recently grown in natural catastrophe book, standards of underwriting have not been good. The business has subsequently decided to move back to its historical roots.

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