Mercury General (STU:MCG) Net Reserve Development From Prior Years (USD Mil) : 0.00 (As of . 20)

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

STU:MCG'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.

Mercury General Net Reserve Development From Prior Years (USD Mil) Historical Data

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

Mercury General (STU:MCG) 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.

Mercury General Net Reserve Development From Prior Years (USD Mil) Related Terms

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Mercury General (STU:MCG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Mercury General Corp (STU:MCG) » Definitions » Net Reserve Development From Prior Years (USD Mil)

Comparable Companies

Traded in Other Exchanges

MCY:USA MCG:Germany

Address

4484 Wilshire Boulevard, Los Angeles, CA, USA, 90010

Website

http://www.mercuryinsurance.com

Mercury General Corp is an insurance holding company operating in the property-casualty market, where it focuses on low-cost auto insurance for individuals, with operations in nearly 13 United States of America states. However, its business--about 75% of premiums--comes from California, where it was established by George Joseph, the current company chairman, and majority owner. Its insurance is distributed exclusively through independent agents.

Mercury General (STU:MCG) Headlines

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