Discontinued — last reported Q4 '20
Products & Services · Balance
Term and whole life insurance — Balance
Analysis
StatementSegment
CategoryRisk
SignalContext dependent
VolatilityStable
First reportedQ4 2020
Last reportedQ4 2020
Rolls up toFuture policy benefits
How to read this metric
An increase in the balance typically indicates growth in the underlying insurance book of business or an increase in the actuarial estimate of future liabilities. A decrease may suggest a reduction in policy volume, the maturity of existing policies, or changes in actuarial assumptions regarding mortality and interest rates.
Detailed definition
This metric represents the aggregate financial position of the term and whole life insurance product segment, encompassi...
Peer comparison
Comparable to 'Life Insurance Policy Reserves' or 'Future Policy Benefit Liabilities' reported by other diversified financial services and insurance firms.
Metric ID:
amp_segment_term_and_whole_life_insurance_balanceSimilar Metrics at Other Companies
Frequently Asked Questions
- What does term and whole life insurance — balance mean?
- The total net liability value representing the company's long-term obligations to pay out term and whole life insurance benefits.