Discontinued — last reported Q4 '24
Assumed Reinsurance — Policyholder Benefits and Claims Incurred, Ceded
The Hartford Financial Services Group Assumed Reinsurance — Policyholder Benefits and Claims Incurred, Ceded remained flat by 0.0% to $6.75M in Q4 2024 compared to the prior quarter. Year-over-year, this metric was flat by 0.0%, from $6.75M to $6.75M. Over 3 years (FY 2021 to FY 2024), Assumed Reinsurance — Policyholder Benefits and Claims Incurred, Ceded shows relatively stable performance with a -2.4% CAGR.
Analysis
How to read this metric
An increase suggests the company is ceding more risk to reinsurers, potentially indicating a more conservative underwriting stance or a strategic shift to limit exposure to large losses. A decrease may indicate that the company is retaining more risk on its own balance sheet, which could lead to higher earnings volatility.
Detailed definition
This metric represents the total value of policyholder benefits and insurance claims incurred by the company that are su...
Peer comparison
Most property and casualty insurers report similar figures under 'Ceded Losses' or 'Reinsurance Recoverables,' though the specific accounting treatment varies based on the type of reinsurance treaties (e.g., quota share vs. excess of loss).
hig_segment_assumed_reinsurance_policyholder_benefits_and_claims_incurred_cededHistorical Data
| FY'21 | FY'22 | FY'23 | FY'24 | |
|---|---|---|---|---|
| Value | $29.00M | $27.00M | $27.00M | $27.00M |
| YoY Change | — | -6.9% | +0.0% | +0.0% |
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Frequently Asked Questions
- What is The Hartford Financial Services Group's assumed reinsurance — policyholder benefits and claims incurred, ceded?
- The Hartford Financial Services Group (HIG) reported assumed reinsurance — policyholder benefits and claims incurred, ceded of $6.75M in Q4 2024.
- How has The Hartford Financial Services Group's assumed reinsurance — policyholder benefits and claims incurred, ceded changed year-over-year?
- The Hartford Financial Services Group's assumed reinsurance — policyholder benefits and claims incurred, ceded decreased by 0.0% year-over-year, from $6.75M to $6.75M.
- What is the long-term trend for The Hartford Financial Services Group's assumed reinsurance — policyholder benefits and claims incurred, ceded?
- Over 3 years (2021 to 2024), The Hartford Financial Services Group's assumed reinsurance — policyholder benefits and claims incurred, ceded has grown at a -2.4% compound annual growth rate (CAGR), from $29.00M to $27.00M.
- What does assumed reinsurance — policyholder benefits and claims incurred, ceded mean?
- The amount of insurance claims and benefits that the company has passed on to other reinsurers to reduce its own financial risk.