The remainder after an insurer's liabilities are subtracted from its assets. The financial cushion that protects policyholders in case of unexpectedly high claims. (See Capital, Risk-based capital )

"Surplus" In Context

"MANILA, May 23 (Xinhua) -- The Philippines has posted a record budget surplus of 31.024 billion pesos (718.46 million U.S. dollars) last month, a positive economic indicator, but at the same time it is facing new challenges, mostly from external factors ..."