Discontinued — last reported Q3 '24
Closed Block — Assumed premiums earned
Aflac Closed Block — Assumed premiums earned increased by 3.7% to $28M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 15.2%, from $33M to $28M. Over 2 years (FY 2021 to FY 2023), Closed Block — Assumed premiums earned shows a downward trend with a -16.0% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase indicates growth in the company's reinsurance business for legacy blocks, potentially signaling strategic capital deployment.
Detailed definition
This represents the premiums earned by the company for assuming insurance risk from other entities specifically within a...
Peer comparison
Comparable to 'Assumed Premiums' in reinsurance segments of diversified insurance firms.
afl_segment_closed_block_assumed_premiums_earnedHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $45M | $45M | $42M | $41M | $36M | $35M | $32M | $34M | $30M | $33M | $30M | $29M | $27M | $28M |
| QoQ Change | — | +0.0% | -6.7% | -2.4% | -12.2% | -2.8% | -8.6% | +6.3% | -11.8% | +10.0% | -9.1% | -3.3% | -6.9% | +3.7% |
| YoY Change | — | — | — | — | -20.0% | -22.2% | -23.8% | -17.1% | -16.7% | -5.7% | -6.3% | -14.7% | -10.0% | -15.2% |
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Frequently Asked Questions
- What is Aflac's closed block — assumed premiums earned?
- Aflac (AFL) reported closed block — assumed premiums earned of $28M in Q3 2024.
- How has Aflac's closed block — assumed premiums earned changed year-over-year?
- Aflac's closed block — assumed premiums earned decreased by 15.2% year-over-year, from $33M to $28M.
- What is the long-term trend for Aflac's closed block — assumed premiums earned?
- Over 2 years (2021 to 2023), Aflac's closed block — assumed premiums earned has grown at a -16.0% compound annual growth rate (CAGR), from $180M to $127M.
- What does closed block — assumed premiums earned mean?
- The revenue earned by the company for acting as a reinsurer on legacy insurance policies originally issued by other companies.