What is ASIC's prepaid reinsurance premiums?

ASIC (ASIC) reported prepaid reinsurance premiums of $5.12M in Q1 2026.

What does prepaid reinsurance premiums mean?

The portion of premiums paid to reinsurers that relates to coverage periods extending beyond the current balance sheet date. It represents an asset held by the insurer to ensure future protection against losses.

ASIC ASIC Prepaid reinsurance premiums

Prepaid reinsurance premiums at other companies

W.R. BerkleyWRB

$870.77M+6.8%

RLIRLI

$118.48M+0.6%

MarkelMKL

$3.27B-1.8%

Kinsale Capital GroupKNSL

$43.87M-18.9%

Skyward Specialty Insurance Group, Inc.SKWD

$314.85M+35.6%

Selective Insurance GroupSIGI

$266.88M+13.1%

Other financials

Income statement

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Revenue$129.0M+55.2%

Net income$25.5M+201%

EPS (diluted)$0.51+155%

Balance sheet

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Cash & equivalents$47.5M+22.0%

Total debt$2.0M—

Total equity$631.0M+47.7%

Total assets$1.5B—

Cash flow

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Operating cash flow$42.0M+101%

CapEx$899.0K+3,496%

Free cash flow$41.1M+96.5%

Valuation

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Market cap$1.03B-2.5%

Enterprise value$983.33M-5.0%

P/E11.3×-6.2×

P/S2.2×-0.6×

Profitability

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Net margin19.4%+5.7pp

FCF margin32.8%—

Returns & leverage

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Return on equity17.2%+4.6pp

Debt / equity0×—

Where this comes from

Reported directly by ASIC in its filing.

Tagged under the XBRL concept us-gaap:PrepaidReinsurancePremiums.

The official record: ASIC’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is ASIC's prepaid reinsurance premiums?: ASIC (ASIC) reported prepaid reinsurance premiums of $5.12M in Q1 2026.
What does prepaid reinsurance premiums mean?: The portion of premiums paid to reinsurers that relates to coverage periods extending beyond the current balance sheet date. It represents an asset held by the insurer to ensure future protection against losses.