Discontinued — last reported Q4 '23
Long Duration Contracts — Ceded Premiums Earned
Cigna Long Duration Contracts — Ceded Premiums Earned remained flat by 0.0% to $52.75M in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 26.2%, from $71.50M to $52.75M. Over 2 years (FY 2021 to FY 2023), Long Duration Contracts — Ceded Premiums Earned shows a downward trend with a -27.2% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase often signals a more conservative risk management approach or a strategic decision to offload risk, while a decrease may indicate a higher retention of risk on the company's own balance sheet.
Detailed definition
This metric represents the portion of premiums that the company pays to other reinsurers to transfer a share of the risk...
Peer comparison
Comparable to ceded premiums or reinsurance outward premiums reported by insurance firms to demonstrate risk mitigation strategies.
ci_segment_long_duration_contracts_ceded_premiums_earnedHistorical Data
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $398.00M | $286.00M | $211.00M |
| YoY Change | — | -28.1% | -26.2% |
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Frequently Asked Questions
- What is Cigna's long duration contracts — ceded premiums earned?
- Cigna (CI) reported long duration contracts — ceded premiums earned of $52.75M in Q4 2023.
- How has Cigna's long duration contracts — ceded premiums earned changed year-over-year?
- Cigna's long duration contracts — ceded premiums earned decreased by 26.2% year-over-year, from $71.50M to $52.75M.
- What is the long-term trend for Cigna's long duration contracts — ceded premiums earned?
- Over 2 years (2021 to 2023), Cigna's long duration contracts — ceded premiums earned has grown at a -27.2% compound annual growth rate (CAGR), from $398.00M to $211.00M.
- What does long duration contracts — ceded premiums earned mean?
- The amount of premiums paid by the company to other insurers to transfer a portion of its long-term insurance risk.