Security National Financial (FRA:XSNA) Net Reserve Development From Prior Years (USD Mil) : 0.00 (As of . 20)

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What is Security National Financial 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 Security National Financial's Net Reserve Development From Prior Years (USD Mil) or its related term are showing as below:

FRA:XSNA's Net Reserve Development From Prior Years (USD Mil) is not ranked ^*
in the Banks industry.
Industry Median:
* Ranked among companies with meaningful Net Reserve Development From Prior Years (USD Mil) only.

Security National Financial Net Reserve Development From Prior Years (USD Mil) Historical Data

The historical data trend for Security National Financial'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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Security National Financial Net Reserve Development From Prior Years (USD Mil) Chart

Security National Financial (FRA:XSNA) 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.

Security National Financial Net Reserve Development From Prior Years (USD Mil) Related Terms

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Security National Financial (FRA:XSNA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Security National Financial Corp (FRA:XSNA) » Definitions » Net Reserve Development From Prior Years (USD Mil)

Comparable Companies

Traded in Other Exchanges

SNFCA:USA

Address

433 West Ascension Way, Salt Lake City, UT, USA, 84123

Website

https://www.securitynational.com

Security National Financial Corp is engaged in the life insurance, cemetery and mortuary, and mortgage loan businesses. The life insurance segment is engaged in the business of selling and servicing selected lines of life insurance, annuity products, and accident and health insurance. Its cemetery and mortuary segment consists of approximately seven mortuaries and five cemeteries in the state of Utah and a cemetery in the state of California. The mortgage loan segment originates and underwrites or otherwise purchases residential and commercial loans for new construction, existing homes, and real estate projects. Geographically all the business activity is functioned through the region of the USA and it derives the majority of revenue from Mortgage segment.

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