Discontinued — last reported Q4 '22
Long term care insurance — Balance
Ameriprise Financial Long term care insurance — Balance decreased by 8.7% to $5.17B in Q4 2022 compared to the prior quarter. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase in this balance typically indicates rising actuarial liabilities or a growing book of long-term care risk, while a decrease may signal successful risk mitigation, policy run-off, or increased reinsurance coverage. Investors monitor this to assess the potential for future capital strain or reserve adjustments.
Detailed definition
This metric represents the net financial obligation associated with long-term care insurance policies, accounting for ex...
Peer comparison
Similar to 'Long-Term Care Insurance Reserves' or 'Future Policy Benefit Liabilities' reported by other diversified financial services firms or legacy life insurance companies.
amp_segment_long_term_care_insurance_balanceHistorical Data
| Q4 '21 | Q4 '22 | |
|---|---|---|
| Value | $5.66B | $5.17B |
| QoQ Change | — | -8.7% |
| YoY Change | — | -8.7% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Ameriprise Financial's long term care insurance — balance?
- Ameriprise Financial (AMP) reported long term care insurance — balance of $5.17B in Q4 2022.
- What does long term care insurance — balance mean?
- The total estimated net liability the company holds to cover future long-term care insurance claims.