Discontinued — last reported Q4 '23
Long Duration Contracts — Assumed
Cigna Long Duration Contracts — Assumed remained flat by 0.0% to $18.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 15.3%, from $21.25M to $18.00M. Over 2 years (FY 2021 to FY 2023), Long Duration Contracts — Assumed shows a downward trend with a -14.7% CAGR.
Analysis
How to read this metric
An increase indicates a larger footprint in the reinsurance market and potential diversification of risk, whereas a decrease may signal a reduction in reinsurance appetite or market-wide changes in risk transfer.
Detailed definition
This metric measures the premiums received by the company from other insurance entities through reinsurance agreements f...
Peer comparison
Comparable to assumed premiums or reinsurance inward premiums reported by insurance companies with significant life and disability reinsurance operations.
ci_segment_long_duration_contracts_assumedHistorical Data
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $99.00M | $85.00M | $72.00M |
| YoY Change | — | -14.1% | -15.3% |
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Frequently Asked Questions
- What is Cigna's long duration contracts — assumed?
- Cigna (CI) reported long duration contracts — assumed of $18.00M in Q4 2023.
- How has Cigna's long duration contracts — assumed changed year-over-year?
- Cigna's long duration contracts — assumed decreased by 15.3% year-over-year, from $21.25M to $18.00M.
- What is the long-term trend for Cigna's long duration contracts — assumed?
- Over 2 years (2021 to 2023), Cigna's long duration contracts — assumed has grown at a -14.7% compound annual growth rate (CAGR), from $99.00M to $72.00M.
- What does long duration contracts — assumed mean?
- Premiums earned by the company for assuming the insurance risk of long-term policies originally issued by other insurers.