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## Gross and Net Carried Reserves 

The following tables present the gross and net carried reserves. 

<img src='content_image/1031618.jpg'>

<img src='content_image/1031617.jpg'>

## Net Prior Year Development 

Changes in estimates of claim and claim adjustment expense reserves, net of reinsurance, for prior years are defined as net prior year loss reserve development (development). These changes can be favorable or unfavorable. The following table presents development recorded for the Specialty, Commercial, International and Corporate & Other segments. 

## Years ended December 31 

<img src='content_image/1031616.jpg'>

