Contents: This report provides the Year to Date (YTD) gross claim financial totals for reserves, payments and recoveries for the selected grouping and current year as of the month end period selected. This report is used for balancing Year to Date claim financials and can be the key report source to balance other claim reports with similar information for the selected current year. This summary report can also be used to balance summary totals against detail reports using the transaction activity databases. Information included on the report:
Column Heading Group: Loss
Coverage / Sub Coverage: Coverage / Sub Coverage Name
Loss Reserve: Outstanding loss reserves as of the selected month end.
Loss Paid: Loss amount paid as of the selected month for the current year. Includes payments, voided payment credits and credit to loss recoveries (over payments) and credit to loss voids / offsets.
Ant Salvage: Anticipated salvage recoveries outstanding as of the selected month end and current year.
Salvage Rec: Salvage recoveries received, including any voided salvage recoveries, which were posted during the selected month end and current year.
Ant Subro: Anticipated Subrogation recoveries outstanding as of the selected month end and current year.
Subro Rec: Subrogation recoveries received, including any voided subrogation recoveries, which were posted for the current year as of the month end.
Column Heading Group: Expense
DCC / ALAE Exp Reserve: Outstanding DCC / ALAE Expense reserve as of the selected month end for the current year.
DCC / ALAE Exp Paid: DCC / ALAE expense amount paid during the current year as of the selected month en. Includes expense payments, voided expense payment credits, credit to expense recoveries (expense overpayment recoveries) and credit to expense voids/offsets.
AO / ULAE Exp Reserve: Outstanding AO / ULAE Expense reserve as of the selected month end for the current year.
AO / ULAE Exp Paid: AO / ULAE expense amount paid during the current year as of the selected month end. Includes expense payments, voided expense payment credits, credit to expense recoveries (expense overpayment recoveries) and credit to expense voids/offsets.
Totals
Coverage / Subcoverage Amount Totals: Totals for each financial category / columns for the current year as of the month end are provided.
Grand Totals
All Coverage/Subcoverage Amount Totals: Grand totals for each financial category / columns for the current year as of the month end are provided.
Sorts By & Groups By:
Company / State / Line of Business / Coverage / Subcoverage, based on the report selection.
Who Uses Report: Claims Management and Accounting Claims Control can utilize this report to balance claim financials as of the selected year to date period. Accounting can compare these totals against daily claim financials booked and totaled for the year to date.
When to Run Report: Monthly; preferably after End of Month Processing has completed.
Input Parameters:
Month Ending (As of): MM/YYYY
Company: (With an option for "All")
State: (With an option for "All")
Line of Business: (With an option for "All")
Coverage: (With an option for "All")
Sub Coverage: (With an option for "All")