How do you interpret property and casualty insurance — recoverables from reinsurers?

An increase suggests higher reliance on reinsurance, which reduces net risk but increases counterparty credit exposure.

American Financial Group AFG Property and casualty insurance — Recoverables from reinsurers

Discontinued — last reported Q4 '20

Similar metrics at other companies

ALLProperty and casualty — Reinsurance and indemnification recoverables, net

$8.19B-18.8%

CINFProperty And Casualty Personal Insurance Product Line — Reinsurance Recoverable For Unpaid Claims And Claims Adjustments

$34M+9.7%

CINFProperty and Casualty Insurance — Reinsurance Recoverable for Unpaid Claims and Claims Adjustments

$406M-26.3%

HIGProperty And Casualty Insurance Subsidiaries — Reinsurance Recoverables On Paid Losses Gross

$89M-25.2%

UHAL.BProperty And Casualty Insurance — Reinsurance Recoverables

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LTR

LTRProperty and casualty — Reinsurance Recoverable for Unpaid Claims and Claims Adjustments

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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 property and casualty insurance — recoverables from reinsurers mean?: The amount of money the company expects to be reimbursed by its reinsurers for claims paid.
How do you interpret property and casualty insurance — recoverables from reinsurers?: An increase suggests higher reliance on reinsurance, which reduces net risk but increases counterparty credit exposure.
How does property and casualty insurance — recoverables from reinsurers compare across companies?: A standard balance sheet item for all P&C insurers; evaluated against total gross reserves.