Discontinued — last reported Q4 '22
Products & Services · Prior years
Accident And Health Insurance — Prior years
Aflac Accident And Health Insurance — Prior years increased by 21.2% to -$119.00M in Q4 2022 compared to the prior quarter. Year-over-year, this metric grew by 6.3%, from -$127.00M to -$119.00M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryRisk
SignalLower is better
VolatilityVolatile
First reportedQ1 2016
Last reportedQ4 2022
How to read this metric
Favorable development (a decrease) indicates that previous reserves were conservative, while unfavorable development (an increase) suggests past claims were underestimated.
Detailed definition
This represents the adjustment to claim reserves for events that occurred in previous reporting periods. It reflects the...
Peer comparison
Commonly referred to as 'prior-year reserve development' in insurance financial reporting.
Metric ID:
afl_segment_health_insurance_prior_yearsHistorical Data
7 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | |
|---|---|---|---|---|---|---|---|
| Value | -$198.00M | -$215.00M | -$127.00M | -$208.00M | -$155.00M | -$151.00M | -$119.00M |
| QoQ Change | — | -8.6% | +40.9% | -63.8% | +25.5% | +2.6% | +21.2% |
| YoY Change | — | — | — | — | +21.7% | +29.8% | +6.3% |
Range-$215.00M – -$119.00M
CAGR-28.8%
Avg YoY Growth+19.3%
Median YoY Growth+21.7%
Current Streak3 quarters growth
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Aflac's accident and health insurance — prior years?
- Aflac (AFL) reported accident and health insurance — prior years of -$119.00M in Q4 2022.
- How has Aflac's accident and health insurance — prior years changed year-over-year?
- Aflac's accident and health insurance — prior years increased by 6.3% year-over-year, from -$127.00M to -$119.00M.
- What does accident and health insurance — prior years mean?
- Changes in the estimated cost of health insurance claims that happened in previous years.