Discontinued — last reported Q2 '23
Products & Services · Reinsurance deferred profit liability
Closed Block — Reinsurance deferred profit liability
Aflac Closed Block — Reinsurance deferred profit liability decreased by 9.1% to $620M in Q2 2023 compared to the prior quarter. Year-over-year, this metric declined by 11.0%, from $697M to $620M.
Analysis
StatementSegment
CategoryLeverage
SignalContext dependent
VolatilityStable
First reportedQ2 2018
Last reportedQ2 2023Aug 2, 2023
How to read this metric
Changes reflect adjustments in the expected profitability and duration of reinsurance contracts within the closed block.
Detailed definition
This represents the liability established for deferred profits related to reinsurance contracts within a closed block of...
Peer comparison
Similar to 'Deferred Gain on Reinsurance' or 'Unearned Profit' in long-duration insurance contracts.
Metric ID:
afl_segment_closed_block_reinsurance_deferred_profit_liabilityHistorical Data
9 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $926M | $900M | $859M | $793M | $697M | $646M | $692M | $682M | $620M |
| QoQ Change | — | -2.8% | -4.6% | -7.7% | -12.1% | -7.3% | +7.1% | -1.4% | -9.1% |
| YoY Change | — | — | — | — | -24.7% | -28.2% | -19.4% | -14.0% | -11.0% |
Range$620M – $926M
CAGR-18.2%
Avg YoY Growth-19.5%
Median YoY Growth-19.4%
Current Streak2 quarters decline
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Frequently Asked Questions
- What is Aflac's closed block — reinsurance deferred profit liability?
- Aflac (AFL) reported closed block — reinsurance deferred profit liability of $620M in Q2 2023.
- How has Aflac's closed block — reinsurance deferred profit liability changed year-over-year?
- Aflac's closed block — reinsurance deferred profit liability decreased by 11.0% year-over-year, from $697M to $620M.
- What does closed block — reinsurance deferred profit liability mean?
- A liability representing future profits from reinsurance contracts that are recognized over time rather than immediately.