Business Segments · Reinsurance Recoverable Credit Loss Expense Reversal
General Insurance — Reinsurance Recoverable Credit Loss Expense Reversal
American International Group General Insurance — Reinsurance Recoverable Credit Loss Expense Reversal remained flat by 0.0% to $1.00M in Q1 2024 compared to the prior quarter. Year-over-year, this metric grew by 133.3%, from -$3.00M to $1.00M. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityVolatile
First reportedQ1 2020
Last reportedQ1 2024May 2, 2024
How to read this metric
A reversal indicates an improvement in the perceived credit quality of reinsurance counterparties, positively impacting net income.
Detailed definition
This metric represents the net impact of adjustments to the allowance for credit losses on reinsurance recoverables, spe...
Peer comparison
Comparable to credit loss provision reversals found in the financial statements of major insurance and banking firms.
Metric ID:
aig_segment_general_insurance_reinsurance_recoverable_credit_loss_expense_reversalHistorical Data
10 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Value | -$1.00M | $5.00M | $1.00M | $5.00M | -$4.00M | $4.00M | -$3.00M | -$1.00M | $1.00M | $1.00M |
| QoQ Change | — | +600.0% | -80.0% | +400.0% | -180.0% | +200.0% | -175.0% | +66.7% | +200.0% | +0.0% |
| YoY Change | — | — | — | — | -300.0% | -20.0% | -160.0% | +75.0% | -75.0% | +133.3% |
Range-$4.00M – $5.00M
CAGR+0.0%
Avg YoY Growth-57.8%
Median YoY Growth-47.5%
Current Streak3 quarters growth
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Frequently Asked Questions
- What is American International Group's general insurance — reinsurance recoverable credit loss expense reversal?
- American International Group (AIG) reported general insurance — reinsurance recoverable credit loss expense reversal of $1.00M in Q1 2024.
- How has American International Group's general insurance — reinsurance recoverable credit loss expense reversal changed year-over-year?
- American International Group's general insurance — reinsurance recoverable credit loss expense reversal increased by 133.3% year-over-year, from -$3.00M to $1.00M.
- What does general insurance — reinsurance recoverable credit loss expense reversal mean?
- The gain recognized from reversing previously recorded provisions for reinsurance credit losses.