Discontinued — last reported Q4 '23
Short Duration Contracts — Ceded Premiums Earned
Cigna Short Duration Contracts — Ceded Premiums Earned remained flat by 0.0% to $69.25M in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 4.5%, from $66.25M to $69.25M. Over 2 years (FY 2021 to FY 2023), Short Duration Contracts — Ceded Premiums Earned shows an upward trend with a 36.8% CAGR.
Analysis
How to read this metric
An increase suggests a more conservative risk management approach or a strategic decision to limit exposure to specific insurance risks, while a decrease may indicate higher risk retention.
Detailed definition
Ceded premiums earned represent the portion of premiums that an insurer pays to a reinsurer to transfer a portion of its...
Peer comparison
Comparable to 'Ceded Premiums' or 'Reinsurance Premiums Ceded' reported by major health and life insurance carriers.
ci_segment_short_duration_contracts_ceded_premiums_earnedHistorical Data
| FY'21 | FY'22 | FY'23 | |
|---|---|---|---|
| Value | $148.00M | $265.00M | $277.00M |
| YoY Change | — | +79.1% | +4.5% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Cigna's short duration contracts — ceded premiums earned?
- Cigna (CI) reported short duration contracts — ceded premiums earned of $69.25M in Q4 2023.
- How has Cigna's short duration contracts — ceded premiums earned changed year-over-year?
- Cigna's short duration contracts — ceded premiums earned increased by 4.5% year-over-year, from $66.25M to $69.25M.
- What is the long-term trend for Cigna's short duration contracts — ceded premiums earned?
- Over 2 years (2021 to 2023), Cigna's short duration contracts — ceded premiums earned has grown at a 36.8% compound annual growth rate (CAGR), from $148.00M to $277.00M.
- What does short duration contracts — ceded premiums earned mean?
- The amount of premiums paid to other insurance companies to transfer a portion of the company's underwriting risk.