Discontinued — last reported Q3 '24
Products & Services · Ceded Premiums Earned
Closed Block — Ceded Premiums Earned
Aflac Closed Block — Ceded Premiums Earned increased by 3.2% to $32M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 57.3%, from $75M to $32M. Over 2 years (FY 2021 to FY 2023), Closed Block — Ceded Premiums Earned shows a downward trend with a -15.3% CAGR.
Analysis
StatementSegment
CategoryRisk
SignalContext dependent
VolatilityStable
First reportedQ1 2016
Last reportedQ3 2024Nov 1, 2024
Rolls up toCeded Premiums Earned
How to read this metric
An increase suggests the company is offloading more risk to reinsurers, while a decrease indicates higher retention of risk within the closed block.
Detailed definition
This represents the portion of premiums earned by the company that has been transferred to a reinsurer under a closed bl...
Peer comparison
Commonly reported by insurers with legacy blocks as 'Ceded Premiums' or 'Reinsurance Premiums Ceded'.
Metric ID:
afl_segment_closed_block_ceded_premiums_earnedHistorical Data
14 periods
| 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 | $109M | $107M | $102M | $98M | $87M | $80M | $77M | $82M | $80M | $75M | $73M | $34M | $31M | $32M |
| QoQ Change | — | -1.8% | -4.7% | -3.9% | -11.2% | -8.0% | -3.8% | +6.5% | -2.4% | -6.3% | -2.7% | -53.4% | -8.8% | +3.2% |
| YoY Change | — | — | — | — | -20.2% | -25.2% | -24.5% | -16.3% | -8.0% | -6.3% | -5.2% | -58.5% | -61.3% | -57.3% |
Range$31M – $109M
CAGR-31.4%
Avg YoY Growth-28.3%
Median YoY Growth-22.3%
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Aflac's closed block — ceded premiums earned?
- Aflac (AFL) reported closed block — ceded premiums earned of $32M in Q3 2024.
- How has Aflac's closed block — ceded premiums earned changed year-over-year?
- Aflac's closed block — ceded premiums earned decreased by 57.3% year-over-year, from $75M to $32M.
- What is the long-term trend for Aflac's closed block — ceded premiums earned?
- Over 2 years (2021 to 2023), Aflac's closed block — ceded premiums earned has grown at a -15.3% compound annual growth rate (CAGR), from $432M to $310M.
- What does closed block — ceded premiums earned mean?
- The amount of insurance premiums the company pays to reinsurers for transferring risk on closed or legacy insurance policies.