Conservatism in the yearend financial statement can vary considerably from company to company. Using S&P Financial's Dashboard Screener, we can calculate the total ultimate margin in the claims reserve estimates that occurred by comparing original booked estimates to actual claim runout. This whitepaper explores the total level of margin (both implicit and explicit margin combined) included in the reported claims reserves by examining NAIC filing data from 2014 through 2019.

How do Margin Levels Vary in the Health Annual Statement? What Recent History Shows
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