First American Financial (FRA:Y1F) Net Reserve Development From Prior Years (USD Mil) : 0.00 (As of . 20)

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

FRA:Y1F'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.

First American Financial Net Reserve Development From Prior Years (USD Mil) Historical Data

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

First American Financial (FRA:Y1F) 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.

First American Financial Net Reserve Development From Prior Years (USD Mil) Related Terms

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First American Financial (FRA:Y1F) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » First American Financial Corp (FRA:Y1F) » Definitions » Net Reserve Development From Prior Years (USD Mil)

Comparable Companies

Traded in Other Exchanges

FAF:USA

Address

1 First American Way, Santa Ana, CA, USA, 92707-5913

Website

https://www.firstam.com

First American Financial Corp is a financial services business providing insurance through two segments: title insurance and related services and specialty insurance. Title insurance and related services include real estate insurance, property closing services, third-party handling of real estate funds (escrow), risk mitigation, real estate data products, and related real estate transaction services. The title insurance sector serves residential and commercial deals. Specialty insurance includes property insurance policies, casualty insurance policies, and home warranties. Nearly all the company's revenue comes from the title insurance and related services segment in the United States.

First American Financial (FRA:Y1F) Headlines

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