What does annuity — recoverables from reinsurers mean?

The amount of annuity liabilities that the company expects to recover from its reinsurance partners.

How do you interpret annuity — recoverables from reinsurers?

An increase may indicate higher risk transfer to reinsurers, while a decrease suggests the company is retaining more risk on its own balance sheet.

How does annuity — recoverables from reinsurers compare across companies?

Standard in insurance and annuity segments; peers report this as reinsurance recoverables or ceded reserves.

American Financial Group AFG Annuity — Recoverables from reinsurers

Discontinued — last reported Q4 '20

Similar metrics at other companies

FNFImmediate annuities — Less: Reinsurance recoverable

$104M-4.6%

KKRFixed Indexed Annuities — Policyholder Account Balance, Reinsurance Recoverable

$3.13B+3.8%

GLAmerican Income — Reinsurance Recoverable for Paid and Unpaid Claims and Claims Adjustments

$109K—

ACGLReinsurance — Reinsurance Recoverable For Unpaid Claims And Claims Adjustments

$433.14M+41.4%

GLAmerican Income — Liability for Future Policy Benefit, Reinsurance Recoverable, after Allowance

$195K+4.8%

CNAInternational — Reinsurance Recoverables On Unpaid Losses Gross

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Other financials

Income statement

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Revenue$1.9B-0.1%

Operating income$239.0M+21.3%

Net income$191.0M+24.0%

EPS (diluted)$2.29+24.5%

Balance sheet

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Cash & equivalents$1.4B+6.0%

Total debt$2.0B+19.3%

Total equity$4.7B+6.5%

Total assets$32.4B+6.8%

Cash flow

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Operating cash flow$474.0M+38.6%

Valuation

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Market cap$11.04B-3.6%

Enterprise value$11.72B-1.2%

P/E12.6×-1.8×

P/S1.4×0.0×

Profitability

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Operating margin13.6%+1.4pp

Net margin10.8%+1.1pp

Returns & leverage

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Return on equity19.4%+0.9pp

Debt / equity0.4×0.0×

Where this comes from

Reported directly by American Financial Group in its filing.

Tagged under the XBRL concept us-gaap:ReinsuranceRecoverablesOnPaidAndUnpaidLosses.

The official record: American Financial Group’s 10-K, filed February 25, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does annuity — recoverables from reinsurers mean?: The amount of annuity liabilities that the company expects to recover from its reinsurance partners.
How do you interpret annuity — recoverables from reinsurers?: An increase may indicate higher risk transfer to reinsurers, while a decrease suggests the company is retaining more risk on its own balance sheet.
How does annuity — recoverables from reinsurers compare across companies?: Standard in insurance and annuity segments; peers report this as reinsurance recoverables or ceded reserves.