How do you interpret institutional markets — reinsurance recoverable balance?

A rising balance may indicate increased claims activity covered by reinsurance or potential delays in collection from reinsurers.

How does institutional markets — reinsurance recoverable balance compare across companies?

Commonly reported as 'Reinsurance Recoverables' in the notes to financial statements for insurance firms.

Corebridge Financial CRBG Institutional Markets — Reinsurance recoverable balance

Discontinued — last reported Q4 '20

Similar metrics at other companies

WRBReinsurance — Reinsurance Recoverables On Paid And Unpaid Losses

$166.28M+23.3%

WRBInsurance — Reinsurance Recoverables On Paid And Unpaid Losses

$1.64B+5.9%

WRBInsurance — Total due from reinsurers on unpaid claims

$3.05B+1.6%

ACGLReinsurance — Reinsurance Recoverable For Unpaid Claims And Claims Adjustments

$433.14M+41.4%

GLOther — Reinsurance Recoverable for Paid and Unpaid Claims and Claims Adjustments

$49.46M—

RNRProperty — Reinsurance Recoverable

$802.58M-51.8%

Other financials

Income statement

See full

Revenue$4.0B+11.0%

Net income-$53.0M+92.0%

EPS (diluted)-$0.11+90.8%

Balance sheet

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Cash & equivalents$373.0M-5.1%

Total debt$11.2B-17.2%

Total equity$10.8B-9.8%

Total assets$407.06B+4.4%

Cash flow

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Operating cash flow-$9.0M-102%

Valuation

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Market cap$13.33B-37.9%

P/S0.7×-0.6×

Profitability

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Net margin5.4%—

Returns & leverage

See full

Return on equity7.3%—

Debt / equity0.9×-0.3×

Where this comes from

Reported directly by Corebridge Financial in its filing.

Tagged under the XBRL concept us-gaap:ReinsuranceRecoverablesAllowance.

The official record: Corebridge Financial’s 10-Q, filed November 3, 2023, on SEC EDGAR. View the filing →

Questions, answered.

What does institutional markets — reinsurance recoverable balance mean?: The total amount of money owed to the company by its reinsurers for claims already processed.
How do you interpret institutional markets — reinsurance recoverable balance?: A rising balance may indicate increased claims activity covered by reinsurance or potential delays in collection from reinsurers.
How does institutional markets — reinsurance recoverable balance compare across companies?: Commonly reported as 'Reinsurance Recoverables' in the notes to financial statements for insurance firms.