With Next Insurance making a decision convert from a digital managing general agency for small and medium-sized businesses to a licensed insurance carrier in May, there isn’t much to report from the carrier’s statutory financial statements as of yet.

“Next’s filing was all zeros except the surplus in the company, which is over $10 million,” Matteo Carbone and Adrian Jones wrote in their second-quarter article tracking the financial progress of three other venture-backed InsurTech carriers—Metromile, Lemonade and Root.

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