RLI (STU:RL1) Net Reserve Development From Prior Years (USD Mil) : 0.00 (As of . 20)

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

STU:RL1'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.

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

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

RLI (STU:RL1) 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.

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

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RLI (STU:RL1) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » RLI Corp (STU:RL1) » Definitions » Net Reserve Development From Prior Years (USD Mil)

Comparable Companies

Traded in Other Exchanges

RLI:USA

Address

9025 North Lindbergh Drive, Peoria, IL, USA, 61615

Website

https://www.rlicorp.com

RLI Corp underwrites property and casualty insurance through its subsidiaries. The company offers insurance coverage in the specialty admitted market, where the products are designed for special risks. It also offers products in the excess and surplus markets, which provides an alternative for customers with risks or loss exposures that generally cannot be written in the standard admitted market. RLI distributes property and casualty insurance through its wholly-owned branch offices that market to wholesale and retail producers. The company's insurance operation segments include casualty, property, and surety and it derives a majority of its revenue from the Casualty segment.

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