What is ASIC's increase in unearned premiums?

ASIC (ASIC) reported increase in unearned premiums of -$13.5M in Q1 2026.

How has ASIC's increase in unearned premiums changed year-over-year?

ASIC's increase in unearned premiums decreased by 16.6% year-over-year, from -$11.57M to -$13.5M.

What does increase in unearned premiums mean?

The change in the portion of net written premiums that relates to the unexpired term of insurance policies. This adjustment is necessary to align revenue recognition with the period over which the insurer is actually providing coverage.

ASIC ASIC Increase in unearned premiums

Increase in unearned premiums at other companies

W.R. BerkleyWRB

-$59.17M+51.1%

Kinsale Capital GroupKNSL

$3.6M+123%

Other financials

Income statement

See full

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:IncreaseDecreaseInUnearnedPremiumsNet.

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 increase in unearned premiums?: ASIC (ASIC) reported increase in unearned premiums of -$13.5M in Q1 2026.
How has ASIC's increase in unearned premiums changed year-over-year?: ASIC's increase in unearned premiums decreased by 16.6% year-over-year, from -$11.57M to -$13.5M.
What does increase in unearned premiums mean?: The change in the portion of net written premiums that relates to the unexpired term of insurance policies. This adjustment is necessary to align revenue recognition with the period over which the insurer is actually providing coverage.