What is ASIC's reinsurance balances payable?

ASIC (ASIC) reported reinsurance balances payable of $21.61M in Q1 2026.

What does reinsurance balances payable mean?

Reflects the total outstanding obligations owed to reinsurers for premiums ceded under reinsurance contracts or for claims recoveries collected on their behalf. This balance is critical for assessing the company's net liability position and the effectiveness of its risk transfer strategies. High balances may indicate timing differences in settlement or increased reliance on reinsurance capacity.

ASIC ASIC Reinsurance balances payable

Reinsurance balances payable at other companies

W.R. BerkleyWRB

$627.76M-3.0%

RLIRLI

$23.46M-15.3%

MarkelMKL

$1.62B-12.3%

Kinsale Capital GroupKNSL

$33.45M-25.3%

Skyward Specialty Insurance Group, Inc.SKWD

$479.41M+97.2%

American Financial GroupAFG

$1.07B+3.6%

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$1.06B-2.5%

Enterprise value$1.01B-5.0%

P/E11.6×-6.3×

P/S2.3×-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:ReinsurancePayable.

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 reinsurance balances payable?: ASIC (ASIC) reported reinsurance balances payable of $21.61M in Q1 2026.
What does reinsurance balances payable mean?: Reflects the total outstanding obligations owed to reinsurers for premiums ceded under reinsurance contracts or for claims recoveries collected on their behalf. This balance is critical for assessing the company's net liability position and the effectiveness of its risk transfer strategies. High balances may indicate timing differences in settlement or increased reliance on reinsurance capacity.