Guide: valuation date
Loss run valuation date: what 'valued as of' means and why its age matters
The valuation date, printed as "valued as of", is the date through which a loss run reflects payments and reserves. Every figure is a snapshot as of that day. Many markets want loss runs valued within about 60 to 90 days of the effective date.
General information, not advice. This is not insurance, legal or financial advice. Requirements differ by carrier, state and market; follow the instructions of the market you are approaching.
Why it matters
One claim, different figures on different dates
Payments are made, adjusters revise reserves and claims are reported late, so one policy year can show different totals on two valuation dates without either report being wrong. The valuation date tells you which snapshot you hold.
Why 60 to 90 days?
Markets do not always explain it, so treat this as the usual reasoning and not a rule. Underwriters price on current information, because open reserves move and late-reported claims appear. Two to three months leaves the broker time to collect a report from every carrier and the underwriter time to review them, while the figures stay reasonably fresh at binding. Some markets ask for less, and some accept older reports on small, clean accounts. See currently valued loss runs.
Steps
How to check a valuation date
Do this for every report before it goes into a schedule.
- Find the dateLook in the heading, the footer and any report-parameters box. Labels include "valued as of", "valuation date", "evaluated as of" and "run date".
- Separate it from the other datesPolicy dates, dates of loss and report dates are not the valuation date. If the page shows both a run date and a valuation date, note both.
- Count the days and compare with the windowA report valued 10/15/2026 is 78 days old on a 01/01/2027 effective date: inside a 90-day window, outside a 60-day one. Use the window in the submission instructions, or ask the underwriter.
- Ask for a new valuation when it is too oldDo not send the old file again. Put the date you need in the request letter.
- Keep each date beside its figuresCarriers rarely share one valuation date. List every date in the schedule so the spread is visible.
Reference
The dates you will see on a loss run
| Date | What it tells you | Where it appears |
|---|---|---|
| Valuation date | The cut-off for every payment and reserve. | Heading or footer |
| Run date | When the carrier generated the report, usually the same day or close. | Heading or footer |
| Policy effective and expiration | The term a block of claims belongs to. | Above each block, or in columns |
| Date of loss | When the event happened. | Claim row |
| Report date | When the carrier was told. On a claims-made policy it decides the year. | Claim row |
Pitfalls
What goes wrong
- No date on the report. Some exports print none, so the report cannot be aged. Ask the carrier to reissue it with a valuation date.
- A run date taken for the valuation date. A report printed today from data struck weeks ago is still old.
- An old file sent again. The same PDF can travel through two renewals. The valuation date gives it away.
- Mixed dates in one schedule. One report valued months before the rest quietly blends snapshots.
- A young current term. The current policy year is partial at any valuation date, so it is not a full-year result.
The tool
How LossRun Pro helps
LossRun Pro reads the valuation date when a report prints one, under labels such as "valued as of", "valuation date" or "run date", and shows it with the policy-year summary, or says that none is printed. When uploads carry different dates it lists each one on screen, but the exported summary holds only the latest, so note each report's date yourself. It does not judge whether a date is recent enough. Try it on the loss run to Excel page. Free: 1 file per day, up to 10 pages, no account. Files over 10 pages are converted up to page 10 on the free allowance; a page code converts the whole file, up to 150 pages. See pricing.
FAQ
Questions about the valuation date
What does "valued as of" mean on a loss run?
It is the date through which the report counts payments and reserves. A payment made after that date, or a reserve change after it, is not in the figures.
How old can a loss run be?
The market decides. Many ask for loss runs valued within about 60 to 90 days of the proposed effective date, and some ask for less. Check the submission instructions, and ask the underwriter if they are silent. The currently valued guide covers the timing.
What is the difference between the valuation date and the run date?
The run date is when the carrier generated the report. The valuation date is the date the data represents. They are usually the same day or close. If they differ by more than a few days, ask the carrier which one applies.
Why do two loss runs for the same year show different numbers?
Most often they were valued on different dates, and payments, reserve changes, closures and late-reported claims all move the totals. Compare the dates first. If they match and the numbers still differ, see when the loss run does not match the carrier total.
Is the valuation date the same as the policy expiration date?
No. The policy dates describe the term the claims belong to. The valuation date describes when the report was struck: after expiration for an expired term, and inside the term for the current one.
Can I change the valuation date on a loss run?
No. Only the carrier can issue a report with a new valuation date. Editing a date or any figure on a carrier's report would misstate the record, so ask the carrier for a new valuation.