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ASIC ASIC Fortitude Re funds withheld payable (portion measured at fair value: 2026 - $(85); 2025 - $(92))

Fortitude Re funds withheld payable (portion measured at fair value: 2026 - $(85); 2025 - $(92)) at other companies

Skyward Specialty Insurance Group, Inc. logo
Skyward Specialty Insurance Group, Inc.SKWD
$157.38M+38.4%
Everest Group logo
Everest GroupEG
$272M+2,922%

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:FundsHeldUnderReinsuranceAgreementsLiability.

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 fortitude re funds withheld payable (portion measured at fair value: 2026 - $(85); 2025 - $(92))?
ASIC (ASIC) reported fortitude re funds withheld payable (portion measured at fair value: 2026 - $(85); 2025 - $(92)) of $1.49M in Q1 2026.
What does fortitude re funds withheld payable (portion measured at fair value: 2026 - $(85); 2025 - $(92)) mean?
Represents the fair value of funds withheld from reinsurers under specific reinsurance agreements, serving as collateral or a mechanism to manage cash flow timing. This liability reflects the company's long-term financial commitment to its reinsurance partners and the underlying risk-sharing structure. It is essential for understanding the company's capital structure and the impact of reinsurance arrangements on long-term liquidity.