The Travelers (The Travelers) Net Reserve Development From Prior Years (USD Mil) : 91.00 (As of Mar. 2024)

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What is The Travelers 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 Travelers's Net Reserve Development From Prior Years (USD Mil) for the quarter that ended in Mar. 2024 was 91.00 , which lower from pervious quarter (Dec. 2023)'s result by 31.06%.

The Travelers's Net Reserve Development From Prior Years (USD Mil) for the annual that ended in Dec. 2023 was 143.00 , which lower from pervious year (Dec. 2022)'s result by 77.97%.

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

TRV'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.

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

The historical data trend for The Travelers'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.

* Premium members only.

The Travelers Net Reserve Development From Prior Years (USD Mil) Chart

The Travelers Annual Data

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Net Reserve Development From Prior Years (USD Mil)

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The TravelersQuarterly Data

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Net Reserve Development From Prior Years (USD Mil)

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Competitive Comparison of The Travelers's Net Reserve Development From Prior Years (USD Mil)

For the Insurance - Property & Casualty subindustry, The Travelers's Net Reserve Development From Prior Years (USD Mil), along with its competitors' market caps and Net Reserve Development From Prior Years (USD Mil) data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

The Travelers (NYSE:TRV) 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.

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

Thank you for viewing the detailed overview of The Travelers's Net Reserve Development From Prior Years (USD Mil) provided by GuruFocus.com. Please click on the following links to see related term pages.

The Travelers (The Travelers) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » The Travelers Companies Inc (NYSE:TRV) » Definitions » Net Reserve Development From Prior Years (USD Mil)

Comparable Companies

Traded in Other Exchanges

PA9:Germany PA9:Germany TRV:Chile TRVC34:Brazil TRV:Austria TRV:Argentina

Address

485 Lexington Avenue, New York, NY, USA, 10017

Website

https://www.travelers.com

Travelers offers a broad product range and participates in both commercial and personal insurance lines. Its commercial operations offer a variety of coverage types for companies of any size but concentrate on serving midsize businesses. Its personal lines are roughly evenly split between auto and homeowners insurance. Travelers derives 6% of its premiums from foreign markets.

Executives

Maria Olivo	officer: Executive Vice President	THE TRAVELERS COMPANIES, INC., 485 LEXINGTON AVENUE, NEW YORK NY 10017
William H Heyman	officer: Vice Chairman & CIO	THE TRAVELERS COMPANIES INC, 385 WASHINGTON STREET, ST PAUL MN 55102
Andy F Bessette	officer: EVP and Chief Admin Officer	THE TRAVELERS COMPANIES, INC., 385 WASHINGTON STREET, ST. PAUL MN 55102
Michael Frederick Klein	officer: EVP & President, Personal Ins.	385 WASHINGTON STREET, ST. PAUL MN 55102
Paul E. Munson	officer: SVP & Corp. Controller	385 WASHINGTON STREET, ST. PAUL MN 55102
Russell G. Golden	director	385 WASHINGTON STREET, ST. PAUL MN 55102
David Donnay Rowland	officer: EVP & Co-Chief Invest. Officer	385 WASHINGTON STREET, ST. PAUL MN 55102
Avrohom J. Kess	officer: Vice Chmn & Chief Legal Off	385 WASHINGTON STREET, ST. PAUL MN 55102
Daniel S. Frey	officer: Chief Financial Officer	385 WASHINGTON STREET, ST. PAUL MN 55102
Jeffrey P. Klenk	officer: EVP & Pres., Bond & Spec. Ins.	385 WASHINGTON STREET, ST. PAUL MN 55102
Gregory C Toczydlowski	officer: EVP & President, Business Ins.	385 WASHINGTON STREET, ST. PAUL MN 55102
Diane Kurtzman	officer: EVP & Chief HR Officer	385 WASHINGTON STREET, ST. PAUL MN 55102
Alan D Schnitzer	officer: Vice Chairman	385 WASHINGTON STREET, ST. PAUL MN 55102
Daniel Tei-hwa Yin	officer: EVP & Co-Chief Invest. Officer	385 WASHINGTON STREET, ST. PAUL MN 55102
Douglas K Russel	officer: Controller	THE TRAVELERS COMPANIES INC, ONE TOWER SQ, HARTFORD CT 06183