What does life insurance — reinsurance recoverable balance mean?

The amount of money the company expects to collect from its reinsurance partners for claims paid.

How do you interpret life insurance — reinsurance recoverable balance?

An increase suggests higher reliance on reinsurance to manage underwriting risk, while a decrease may indicate reduced reinsurance coverage.

How does life insurance — reinsurance recoverable balance compare across companies?

A standard metric for all insurance companies to assess counterparty risk and risk transfer effectiveness.

Corebridge Financial CRBG Life Insurance — Reinsurance recoverable balance

Discontinued — last reported Q4 '20

Similar metrics at other companies

ALLLife Insurance — Reinsurance Recoverables

$749M-3.5%

CINFTerm Life Insurance — Reinsurance recoverable

$162M—

WRBInsurance — Reinsurance Recoverables On Paid And Unpaid Losses

$1.64B+5.9%

ACGLReinsurance — Reinsurance Recoverable For Unpaid Claims And Claims Adjustments

$433.14M+41.4%

CINFReinsurance recoverable

$627M-22.4%

WRBReinsurance Recoverable — Supplementary Insurance Information Liability For Future Policy Benefits Losses Claims And Loss Expense Reserves

$11.67B+4.2%

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

See full

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

See full

Operating cash flow-$9.0M-102%

Valuation

See full

Market cap$13.33B-37.9%

P/S0.7×-0.6×

Profitability

See full

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 life insurance — reinsurance recoverable balance mean?: The amount of money the company expects to collect from its reinsurance partners for claims paid.
How do you interpret life insurance — reinsurance recoverable balance?: An increase suggests higher reliance on reinsurance to manage underwriting risk, while a decrease may indicate reduced reinsurance coverage.
How does life insurance — reinsurance recoverable balance compare across companies?: A standard metric for all insurance companies to assess counterparty risk and risk transfer effectiveness.