What does life insurance — ceded premiums earned mean?

The amount of premium revenue the company gives to a reinsurer to share the risk of potential claims.

How do you interpret life insurance — ceded premiums earned?

An increase indicates a higher reliance on reinsurance to mitigate risk, while a decrease suggests the company is retaining more risk on its own balance sheet.

How does life insurance — ceded premiums earned compare across companies?

Standard metric for insurance companies utilizing reinsurance strategies.

U-Haul Holding UHAL.B Life Insurance — Ceded Premiums Earned

Discontinued — last reported Q4 '19

Similar metrics at other companies

AIZLife insurance — Ceded Premiums Earned

$40.03M+12.8%

CINFLife Insurance Product Line — Ceded Premiums Earned

$18M+5.9%

CINFLife Insurance Segment — Ceded Premiums Earned

$20M+5.3%

UNMLife Insurance — Reinsurance Ceded

$36.88M-7.2%

GLLife Insurance — Ceded Premiums Earned

$1.16M+1.1%

PFGAccident And Health Insurance — Ceded Premiums Earned

$38.4M+1.9%

Other financials

Income statement

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Revenue$1.3B+3.1%

Gross profit$1.4B+3.5%

Operating income$33.7M-77.7%

Net income$37.0M-45.0%

EPS (diluted)$0.11-76.7%

Balance sheet

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Cash & equivalents$1.1B+13.3%

Total debt$8.1B+11.5%

Total equity$7.6B+1.5%

Total assets$21.5B+5.0%

Cash flow

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Operating cash flow$404.0M+103%

CapEx$551.7M-6.3%

Free cash flow-$147.7M+62.2%

Valuation

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Market cap$11.82B-26.2%

Enterprise value$18.83B-13.6%

P/S2×-0.8×

Profitability

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Gross margin95.9%-0.1pp

Operating margin8.5%-4.9pp

Net margin7.9%-3.8pp

FCF margin-22.5%-5.8pp

Returns & leverage

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Return on equity6.1%-3.8pp

Debt / equity1.1×+0.1×

Where this comes from

Reported directly by U-Haul Holding in its filing.

Tagged under the XBRL concept us-gaap:CededPremiumsEarned.

The official record: U-Haul Holding’s 10-K, filed May 27, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does life insurance — ceded premiums earned mean?: The amount of premium revenue the company gives to a reinsurer to share the risk of potential claims.
How do you interpret life insurance — ceded premiums earned?: An increase indicates a higher reliance on reinsurance to mitigate risk, while a decrease suggests the company is retaining more risk on its own balance sheet.
How does life insurance — ceded premiums earned compare across companies?: Standard metric for insurance companies utilizing reinsurance strategies.