Discontinued — last reported Q3 '24
Products & Services · Policyholder Benefits and Claims Incurred, Ceded
Closed Block — Policyholder Benefits and Claims Incurred, Ceded
Aflac Closed Block — Policyholder Benefits and Claims Incurred, Ceded decreased by 5.9% to $16M in Q3 2024 compared to the prior quarter. Year-over-year, this metric declined by 77.5%, from $71M to $16M. Over 2 years (FY 2021 to FY 2023), Closed Block — Policyholder Benefits and Claims Incurred, Ceded shows a downward trend with a -13.7% CAGR.
Analysis
StatementSegment
CategoryRisk
SignalContext dependent
VolatilityModerate
First reportedQ1 2016
Last reportedQ3 2024Nov 1, 2024
How to read this metric
An increase indicates higher reliance on reinsurance to cover claims, which reduces net exposure to loss volatility.
Detailed definition
This metric tracks the portion of policyholder benefits and claims incurred that are recoverable from reinsurers under a...
Peer comparison
Similar to 'Reinsurance Recoveries on Claims' found in the financial statements of life and health insurers.
Metric ID:
afl_segment_closed_block_policyholder_benefits_and_claims_incurred_cededHistorical 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 | $94M | $94M | $93M | $88M | $77M | $72M | $71M | $77M | $74M | $71M | $61M | $18M | $17M | $16M |
| QoQ Change | — | +0.0% | -1.1% | -5.4% | -12.5% | -6.5% | -1.4% | +8.5% | -3.9% | -4.1% | -14.1% | -70.5% | -5.6% | -5.9% |
| YoY Change | — | — | — | — | -18.1% | -23.4% | -23.7% | -12.5% | -3.9% | -1.4% | -14.1% | -76.6% | -77.0% | -77.5% |
Range$16M – $94M
CAGR-42.0%
Avg YoY Growth-32.8%
Median YoY Growth-20.7%
Current Streak6 quarters decline
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Frequently Asked Questions
- What is Aflac's closed block — policyholder benefits and claims incurred, ceded?
- Aflac (AFL) reported closed block — policyholder benefits and claims incurred, ceded of $16M in Q3 2024.
- How has Aflac's closed block — policyholder benefits and claims incurred, ceded changed year-over-year?
- Aflac's closed block — policyholder benefits and claims incurred, ceded decreased by 77.5% year-over-year, from $71M to $16M.
- What is the long-term trend for Aflac's closed block — policyholder benefits and claims incurred, ceded?
- Over 2 years (2021 to 2023), Aflac's closed block — policyholder benefits and claims incurred, ceded has grown at a -13.7% compound annual growth rate (CAGR), from $380M to $283M.
- What does closed block — policyholder benefits and claims incurred, ceded mean?
- The amount of insurance claims and benefits that are covered by reinsurance agreements for closed or legacy policies.