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Cavco Industries CVCO Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims

Liability for Unpaid Claims and Claims Adjustment Expense, Incurred Claims at other companies

Hippo Holdings logo
Hippo HoldingsHIPO
$47.5M-48.6%
Cavco Industries logo
Cavco IndustriesCVCO
$5.54M+234%
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Bowhead Specialty HoldingsBOW
$91.48M+24.6%
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HagertyHGTY
$110.71M+47.2%
Mercury General logo
Mercury GeneralMCY
$990.76M+7.6%
American Coastal Insurance Corporation logo
American Coastal Insurance CorporationACIC
$10.24M-10.1%

Other financials

Income statement

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Revenue$550.1M+8.2%
Gross profit$127.1M+9.4%
Operating income$51.5M+33.2%
Net income$42.5M+16.9%
EPS (diluted)$5.43+21.7%

Balance sheet

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Cash & equivalents$236.7M-33.5%
Total debt$41.4M-4.9%
Total equity$1.1B+3.6%
Total assets$1.5B+6.0%

Cash flow

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Operating cash flow$67.4M+74.3%
CapEx$8.0M+31.1%
Free cash flow$59.3M+82.5%

Valuation

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Market cap$4.55B+25.7%
Enterprise value$4.36B+31.7%
P/E23.9×+4.7×
P/S+0.3×

Profitability

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Gross margin23.5%+0.4pp
Operating margin10.2%+0.7pp
Net margin8.5%0.0pp
FCF margin10.3%+2.5pp

Returns & leverage

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Return on equity17.6%+1.3pp
Debt / equity0.0×
Current ratio2.5×-0.5×

Where this comes from

Reported directly by Cavco Industries in its filing.

Tagged under the XBRL concept us-gaap:LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredClaims1.

The source filing: Cavco Industries’s 10-K, filed May 22, 2026.

Filed
May 22, 2026, 5:01 PM EDT
Fiscal year
FY2026
Accession
0001628280-26-037782
Line itemMarch 28,2026March 29,2025March 30,2024
Balance at beginning of fiscal year$16,201$10,540$10,939
Net incurred losses during the year31,00543,41037,490
Net claim payments during the year(37,428)(37,749)(37,889)
Balance at end of fiscal year$9,778$16,201$10,540

ITEM 16. FORM 10-K SUMMARY

FAQ

What is Cavco Industries's liability for unpaid claims and claims adjustment expense, incurred claims?
Cavco Industries (CVCO) reported liability for unpaid claims and claims adjustment expense, incurred claims of $5.54M in Q1 2026.
How has Cavco Industries's liability for unpaid claims and claims adjustment expense, incurred claims changed year-over-year?
Cavco Industries's liability for unpaid claims and claims adjustment expense, incurred claims increased by 234.5% year-over-year, from $1.66M to $5.54M.
What is the long-term trend for Cavco Industries's liability for unpaid claims and claims adjustment expense, incurred claims?
Over 4 years (2022 to 2026), Cavco Industries's liability for unpaid claims and claims adjustment expense, incurred claims has grown at a 4.5% compound annual growth rate (CAGR), from $25.96M to $31.01M.
What does liability for unpaid claims and claims adjustment expense, incurred claims mean?
The total estimated liability for insurance claims that have been reported but not yet settled, including the associated costs for adjusting those claims. This represents a significant reserve held by the company to meet future obligations to policyholders. Monitoring this helps evaluate the adequacy of the company's loss reserves.

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