National Western Life Group (FRA:5NW) Net Reserve Development From Prior Years (USD Mil) : 0.00 (As of . 20)

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What is National Western Life 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.

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

FRA:5NW'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.

National Western Life Group Net Reserve Development From Prior Years (USD Mil) Historical Data

The historical data trend for National Western Life 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.

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National Western Life Group Net Reserve Development From Prior Years (USD Mil) Chart

National Western Life Group (FRA:5NW) 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.

National Western Life Group Net Reserve Development From Prior Years (USD Mil) Related Terms

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National Western Life Group (FRA:5NW) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » National Western Life Group Inc (FRA:5NW) » Definitions » Net Reserve Development From Prior Years (USD Mil)

Comparable Companies

Traded in Other Exchanges

NWLI:USA

Address

10801 N. Mopac Expy Building 3, Austin, TX, USA, 78759

Website

https://www.nwlgi.com

National Western Life Group Inc is a global insurance company that provides insurance products for the savings, protection, and retirement needs of policyholders. The company's product portfolio includes individual whole life, universal life and term insurance plans, and annuities. The company is organized into four operating business segments based on product types and geographic marketing areas: Domestic life insurance, International life insurance, Annuities, and Acquired businesses. The annuities segment contributes roughly half of the company's revenue, and most of the company's revenue is earned in the United States.

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