What is General Electric's parent — reinsurance recoverables allowance?

General Electric (GE) reported parent — reinsurance recoverables allowance of $2.11B in Q3 2022.

How has General Electric's parent — reinsurance recoverables allowance changed year-over-year?

General Electric's parent — reinsurance recoverables allowance increased by 31.3% year-over-year, from $1.61B to $2.11B.

What does parent — reinsurance recoverables allowance mean?

The estimated reduction in value for money owed by reinsurance companies due to potential non-payment.

Discontinued — last reported Q3 '22

Consolidation · Reinsurance Recoverables Allowance

Parent — Reinsurance Recoverables Allowance

General Electric Parent — Reinsurance Recoverables Allowance increased by 23.9% to $2.11B in Q3 2022 compared to the prior quarter. Year-over-year, this metric grew by 31.3%, from $1.61B to $2.11B. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementSegment

CategoryRisk

SignalLower is better

VolatilityStable

First reportedQ4 2013

Last reportedQ3 2022

Rolls up toReinsurance recoverables

How to read this metric

An increase suggests rising credit risk or concerns regarding the financial stability of reinsurance counterparties.

Detailed definition

A valuation allowance established against amounts expected to be recovered from reinsurers. It accounts for the credit r...

Peer comparison

Standard 'Allowance for Doubtful Accounts' or 'Reinsurance Recoverable Valuation' in insurance-related segments.

Metric ID: ge_segment_parent_reinsurance_recoverables_allowance

Historical Data

6 periods

	Q2 '21	Q3 '21	Q4 '21	Q1 '22	Q2 '22	Q3 '22
Value	$1.57B	$1.61B	$2.07B	$1.69B	$1.71B	$2.11B
QoQ Change	—	+2.7%	+28.3%	-18.4%	+1.2%	+23.9%
YoY Change	—	—	—	—	+8.9%	+31.3%

Range$1.57B – $2.11B

CAGR+27.1%

Avg YoY Growth+20.1%

Median YoY Growth+20.1%

Current Streak2 quarters growth

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Frequently Asked Questions

What is General Electric's parent — reinsurance recoverables allowance?: General Electric (GE) reported parent — reinsurance recoverables allowance of $2.11B in Q3 2022.
How has General Electric's parent — reinsurance recoverables allowance changed year-over-year?: General Electric's parent — reinsurance recoverables allowance increased by 31.3% year-over-year, from $1.61B to $2.11B.
What does parent — reinsurance recoverables allowance mean?: The estimated reduction in value for money owed by reinsurance companies due to potential non-payment.