Business Segments · Reinsurance Recoverable Credit Loss Expense Reversal
Life And Retirement — Reinsurance Recoverable Credit Loss Expense Reversal
American International Group Life And Retirement — Reinsurance Recoverable Credit Loss Expense Reversal decreased by 350.0% to -$10.00M in Q1 2024 compared to the prior quarter. Year-over-year, this metric was flat by 0.0%, from -$10.00M to -$10.00M. 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
An increase indicates improved credit quality of reinsurance counterparties, positively impacting the segment's net income.
Detailed definition
This metric tracks the reversal of previously recorded credit loss expenses related to reinsurance recoverables. It occu...
Peer comparison
Similar to credit loss provision reversals found in the financial statements of large insurance and banking institutions.
Metric ID:
aig_segment_life_and_retirement_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 | $0.00 | $15.00M | $0.00 | $4.00M | $2.00M | $1.00M | -$10.00M | -$8.00M | $4.00M | -$10.00M |
| QoQ Change | — | — | -100.0% | — | -50.0% | -50.0% | <-999% | +20.0% | +150.0% | -350.0% |
| YoY Change | — | — | — | — | — | -93.3% | -350.0% | -500.0% | +300.0% | +0.0% |
Range-$10.00M – $15.00M
Avg YoY Growth-128.7%
Median YoY Growth-93.3%
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Frequently Asked Questions
- What is American International Group's life and retirement — reinsurance recoverable credit loss expense reversal?
- American International Group (AIG) reported life and retirement — reinsurance recoverable credit loss expense reversal of -$10.00M in Q1 2024.
- How has American International Group's life and retirement — reinsurance recoverable credit loss expense reversal changed year-over-year?
- American International Group's life and retirement — reinsurance recoverable credit loss expense reversal decreased by 0.0% year-over-year, from -$10.00M to -$10.00M.
- What does life and retirement — reinsurance recoverable credit loss expense reversal mean?
- A gain recorded when the risk of non-payment by reinsurers is deemed to have decreased.