What does life insurance — reinsurance ceded mean?

The amount of premiums paid to other insurers to transfer risk.

How do you interpret life insurance — reinsurance ceded?

Higher ceded premiums indicate a more conservative risk profile, while lower amounts suggest the company is retaining more underwriting risk.

How does life insurance — reinsurance ceded compare across companies?

Comparable to reinsurance premiums ceded across the insurance sector.

American Financial Group AFG Life insurance — Reinsurance ceded

Discontinued — last reported Q4 '20

Similar metrics at other companies

UNMLife Insurance — Reinsurance Ceded

$36.88M-7.2%

RGALife Insurance Product Line — Reinsurance Premiums for Insurance Companies, by Product Segment, Amount Ceded to Other Companies

$65M-28.2%

GLHealth insurance — Premium, ceded to other companies

$32K-94.8%

GLLife Insurance — Ceded Premiums Earned

$1.16M+1.1%

RGAInsurance, Other — Reinsurance Premiums for Insurance Companies, by Product Segment, Amount Ceded to Other Companies

$70.75M-1.4%

GLLife insurance — Premium, ceded to other companies

-$9.99M-960%

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:CededPremiumsWritten.

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

Questions, answered.

What does life insurance — reinsurance ceded mean?: The amount of premiums paid to other insurers to transfer risk.
How do you interpret life insurance — reinsurance ceded?: Higher ceded premiums indicate a more conservative risk profile, while lower amounts suggest the company is retaining more underwriting risk.
How does life insurance — reinsurance ceded compare across companies?: Comparable to reinsurance premiums ceded across the insurance sector.