Discontinued — last reported Q4 '23
Deferred annuities — Loss and loss expense reserves
Cincinnati Financial Deferred annuities — Loss and loss expense reserves increased by 5.1% to $3.07B in Q4 2023 compared to the prior quarter. Year-over-year, this metric grew by 1.8%, from $3.02B to $3.07B. Over 3 years (FY 2020 to FY 2023), Deferred annuities — Loss and loss expense reserves shows relatively stable performance with a 1.7% CAGR.
Analysis
How to read this metric
An increase in reserves may indicate growth in the annuity business or a change in actuarial assumptions regarding longevity and interest rates, while a decrease could suggest a reduction in policy volume or improved risk modeling. Significant fluctuations may signal volatility in the underlying annuity portfolio or shifts in long-term liability management strategies.
Detailed definition
This metric represents the estimated liability for future claims and associated adjustment expenses related to deferred...
Peer comparison
Peers in the life and annuity insurance sector report similar reserves under line items such as 'Future Policy Benefits' or 'Annuity Reserves,' which are typically evaluated based on the adequacy of actuarial assumptions relative to industry standards.
cinf_segment_deferred_annuities_loss_and_loss_expense_reservesHistorical Data
| Q2 '21 | Q2 '21 | Q3 '21 | Q3 '21 | Q4 '21 | Q4 '21 | Q1 '22 | Q1 '22 | Q2 '22 | Q2 '22 | Q3 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.98B | $769M | $3B | $767M | $3.01B | $762M | $3.03B | $757M | $3.04B | $755M | $3.05B | $753M | $3.02B | $3.06B | $3.04B | $2.92B | $3.07B |
| QoQ Change | — | -74.2% | +290.0% | -74.4% | +293.0% | -74.7% | +297.2% | -75.0% | +301.7% | -75.2% | +304.4% | -75.3% | +300.4% | +1.5% | -0.7% | -3.9% | +5.1% |
| YoY Change | — | — | — | — | — | — | — | — | +2.0% | -74.7% | +1.8% | -74.9% | +0.0% | +1.1% | -0.1% | -4.4% | +1.8% |
Similar Metrics at Other Companies
Frequently Asked Questions
- What is Cincinnati Financial's deferred annuities — loss and loss expense reserves?
- Cincinnati Financial (CINF) reported deferred annuities — loss and loss expense reserves of $3.07B in Q4 2023.
- How has Cincinnati Financial's deferred annuities — loss and loss expense reserves changed year-over-year?
- Cincinnati Financial's deferred annuities — loss and loss expense reserves increased by 1.8% year-over-year, from $3.02B to $3.07B.
- What is the long-term trend for Cincinnati Financial's deferred annuities — loss and loss expense reserves?
- Over 3 years (2020 to 2023), Cincinnati Financial's deferred annuities — loss and loss expense reserves has grown at a 1.7% compound annual growth rate (CAGR), from $2.92B to $3.07B.
- What does deferred annuities — loss and loss expense reserves mean?
- The total estimated amount of money set aside to cover future claims and expenses for deferred annuity policies.