Discontinued — last reported Q4 '22
Variable annuity — Future policy benefits
Ameriprise Financial Variable annuity — Future policy benefits increased by 252.2% to $35.00M in Q4 2022 compared to the prior quarter. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase may indicate growth in the annuity book of business or a change in actuarial assumptions regarding market volatility and longevity, while a decrease may reflect contract maturities or shifts in product strategy.
Detailed definition
This metric represents the actuarial liability established to cover the expected future obligations of variable annuity...
Peer comparison
Peers in the life insurance and wealth management sector report similar liabilities under headings like 'Future Policy Benefits' or 'Insurance Contract Liabilities' depending on accounting standards like GAAP or IFRS.
amp_segment_variable_annuity_future_policy_benefitsHistorical Data
| Q4 '21 | Q4 '22 | |
|---|---|---|
| Value | -$23.00M | $35.00M |
| QoQ Change | — | +252.2% |
| YoY Change | — | +252.2% |
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Frequently Asked Questions
- What is Ameriprise Financial's variable annuity — future policy benefits?
- Ameriprise Financial (AMP) reported variable annuity — future policy benefits of $35.00M in Q4 2022.
- What does variable annuity — future policy benefits mean?
- The estimated total amount of money the company expects to pay out for future variable annuity claims and benefits.