Other Insurance Product Line — Claim reserves
General Electric Other Insurance Product Line — Claim reserves decreased by 44.1% to $307.00M in Q4 2022 compared to the prior quarter. Year-over-year, this metric declined by 47.5%, from $585.00M to $307.00M. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase may indicate higher expected future claim costs or a more conservative actuarial outlook, while a decrease may suggest favorable claims experience or a reduction in risk exposure.
Detailed definition
This metric represents the estimated liability for insurance claims that have been incurred but not yet paid or fully se...
Peer comparison
Comparable to 'Loss Reserves' or 'Claims Liabilities' reported by insurance companies and diversified industrial firms with captive insurance operations.
ge_segment_other_contracts_claim_reservesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | |
|---|---|---|---|---|---|---|---|
| Value | $990.00M | $966.00M | $585.00M | $551.00M | $541.00M | $549.00M | $307.00M |
| QoQ Change | — | -2.4% | -39.4% | -5.8% | -1.8% | +1.5% | -44.1% |
| YoY Change | — | — | — | — | -45.4% | -43.2% | -47.5% |
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Frequently Asked Questions
- What is General Electric's other insurance product line — claim reserves?
- General Electric (GE) reported other insurance product line — claim reserves of $307.00M in Q4 2022.
- How has General Electric's other insurance product line — claim reserves changed year-over-year?
- General Electric's other insurance product line — claim reserves decreased by 47.5% year-over-year, from $585.00M to $307.00M.
- What does other insurance product line — claim reserves mean?
- The total estimated amount the company expects to pay out for insurance claims that have already occurred.