Discontinued — last reported Q2 '23
Products & Services · Reinsurance recoverable
Closed Block — Reinsurance recoverable
Aflac Closed Block — Reinsurance recoverable decreased by 9.3% to $998M in Q2 2023 compared to the prior quarter. Year-over-year, this metric grew by 26.0%, from $792M to $998M.
Analysis
StatementSegment
CategoryLiquidity
SignalContext dependent
VolatilityStable
First reportedQ4 2017
Last reportedQ2 2023Aug 2, 2023
Rolls up toReinsurance recoverables
How to read this metric
A high or increasing balance indicates significant exposure to reinsurer credit risk, requiring careful monitoring of counterparty strength.
Detailed definition
This represents the total amount the company expects to recover from reinsurers for claims paid or unpaid under a closed...
Peer comparison
Standard metric across the insurance industry reported as 'Reinsurance Recoverables'.
Metric ID:
afl_segment_closed_block_reinsurance_recoverableHistorical Data
9 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $972M | $962M | $957M | $883M | $792M | $761M | $912M | $1.1B | $998M |
| QoQ Change | — | -1.0% | -0.5% | -7.7% | -10.3% | -3.9% | +19.8% | +20.6% | -9.3% |
| YoY Change | — | — | — | — | -18.5% | -20.9% | -4.7% | +24.6% | +26.0% |
Range$761M – $1.1B
CAGR+1.3%
Avg YoY Growth+1.3%
Median YoY Growth-4.7%
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Frequently Asked Questions
- What is Aflac's closed block — reinsurance recoverable?
- Aflac (AFL) reported closed block — reinsurance recoverable of $998M in Q2 2023.
- How has Aflac's closed block — reinsurance recoverable changed year-over-year?
- Aflac's closed block — reinsurance recoverable increased by 26.0% year-over-year, from $792M to $998M.
- What does closed block — reinsurance recoverable mean?
- The total amount of money the company is owed by reinsurers for claims related to closed or legacy insurance policies.