Discontinued — last reported Q4 '23
Long Duration Contracts — Direct
Cigna Long Duration Contracts — Direct remained flat by 0.0% to $521.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 35.3%, from $804.75M to $521.00M. Over 2 years (FY 2021 to FY 2023), Long Duration Contracts — Direct shows a downward trend with a -33.8% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests growth in the company's direct market share and underwriting volume for long-term protection products, while a decrease may indicate a strategic shift away from these segments or increased competitive pressure.
Detailed definition
This metric represents the gross premiums written by the insurer on long-duration insurance policies, such as life and d...
Peer comparison
Comparable to direct premiums written in life and health insurance segments at major diversified insurers.
ci_segment_long_duration_contracts_directHistorical Data
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $4.75B | $3.22B | $2.08B |
| YoY Change | — | -32.3% | -35.3% |
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Frequently Asked Questions
- What is Cigna's long duration contracts — direct?
- Cigna (CI) reported long duration contracts — direct of $521.00M in Q4 2023.
- How has Cigna's long duration contracts — direct changed year-over-year?
- Cigna's long duration contracts — direct decreased by 35.3% year-over-year, from $804.75M to $521.00M.
- What is the long-term trend for Cigna's long duration contracts — direct?
- Over 2 years (2021 to 2023), Cigna's long duration contracts — direct has grown at a -33.8% compound annual growth rate (CAGR), from $4.75B to $2.08B.
- What does long duration contracts — direct mean?
- The total amount of premiums collected directly from policyholders for long-term insurance contracts before reinsurance.