How do you interpret property liability and casualty insurance — ceded premiums earned?

An increase suggests a higher reliance on reinsurance to manage risk, while a decrease indicates the company is retaining more underwriting risk.

U-Haul Holding UHAL.B Property Liability And Casualty Insurance — Ceded Premiums Earned

Discontinued — last reported Q4 '19

Similar metrics at other companies

EGProperty And Liability Insurance — Ceded Premiums Earned

$378.25M+1.0%

CINFProperty Liability And Casualty Insurance — Ceded Premiums Written

-$34.75M+17.8%

AFGProperty and casualty insurance — Ceded Premiums Earned

$730.75M+5.5%

CINFProperty, Liability and Casualty Insurance — Ceded premiums earned

$123.5M+19.9%

CNAProperty Liability And Casualty Insurance — Ceded Premiums Written

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LTR

LTRProperty and casualty — Ceded

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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 property liability and casualty insurance — ceded premiums earned mean?: The amount of insurance premiums paid to reinsurers to transfer risk away from the company.
How do you interpret property liability and casualty insurance — ceded premiums earned?: An increase suggests a higher reliance on reinsurance to manage risk, while a decrease indicates the company is retaining more underwriting risk.
How does property liability and casualty insurance — ceded premiums earned compare across companies?: Commonly used by insurance companies to show the extent of risk transfer and reinsurance utilization.