Discontinued — last reported Q4 '23
Short Duration Contracts — Assumed
Cigna Short Duration Contracts — Assumed remained flat by 0.0% to $75.75M in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 27.2%, from $104.00M to $75.75M. Over 2 years (FY 2021 to FY 2023), Short Duration Contracts — Assumed shows relatively stable performance with a -4.9% CAGR.
Analysis
How to read this metric
An increase indicates an expansion of the company's reinsurance business and risk-taking activity, whereas a decrease suggests a strategic withdrawal from assuming external risks.
Detailed definition
Assumed premiums represent the portion of risk and associated premiums that an insurer accepts from other insurance comp...
Peer comparison
Comparable to 'Assumed Reinsurance Premiums' reported by diversified insurance and reinsurance groups.
ci_segment_short_duration_contracts_assumedHistorical Data
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $335.00M | $416.00M | $303.00M |
| YoY Change | — | +24.2% | -27.2% |
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Frequently Asked Questions
- What is Cigna's short duration contracts — assumed?
- Cigna (CI) reported short duration contracts — assumed of $75.75M in Q4 2023.
- How has Cigna's short duration contracts — assumed changed year-over-year?
- Cigna's short duration contracts — assumed decreased by 27.2% year-over-year, from $104.00M to $75.75M.
- What is the long-term trend for Cigna's short duration contracts — assumed?
- Over 2 years (2021 to 2023), Cigna's short duration contracts — assumed has grown at a -4.9% compound annual growth rate (CAGR), from $335.00M to $303.00M.
- What does short duration contracts — assumed mean?
- Premiums received by the company for taking on insurance risk originally underwritten by other insurers.