General Electric Reinsurance recoverables decreased by 23.1% to $213.00M in Q4 2023 compared to the prior quarter. Year-over-year, this metric declined by 16.5%, from $255.00M to $213.00M. Over 3 years (FY 2020 to FY 2023), Reinsurance recoverables shows a downward trend with a -56.3% CAGR.
An increase indicates higher reliance on reinsurance for risk mitigation, while a decrease may reflect lower ceded risk or successful collection.
This represents the portion of insurance claims that the company expects to recover from its reinsurers. It reflects the...
Larger global insurers typically carry higher recoverables due to extensive use of reinsurance treaties.
ins_reinsurance_recoverables| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q4 '23 | |
|---|---|---|---|---|---|---|---|---|---|
| Value | $2.60B | $2.61B | $6.60B | $2.67B | $2.70B | $2.31B | $255.00M | $277.00M | $213.00M |
| QoQ Change | — | +0.7% | +152.4% | -59.5% | +1.1% | -14.8% | -88.9% | +8.6% | -23.1% |
| YoY Change | — | — | — | — | +4.2% | -11.8% | -96.1% | -89.6% | -16.5% |
| Segment | Q4 '23 | Q2 '24 | Q3 '24 |
|---|---|---|---|
| Long-term care | $166.00M | $155.00M | $185.00M |
| Life | $33.00M | $31.00M | $32.00M |
| Structured settlement annuities | $0.00 | $0.00 | $0.00 |
| Total | $213.00M | — | — |
Life, Long-term care, Structured settlement annuities were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.