The idea that the insurance float is a contingent liability does not intrinsically contradict its value as a low-cost capital source, but rather reveals a game of incentives. If the premiums collected are a liability, their effective management represents a dominant strategy for generating investment profits. An insurer's goal is to minimize the cost of capital; the float offers this advantage if claims risks are well managed. It is a Nash equilibrium where reserve prudence allows for optimizing the investment returns, as demonstrated by investment companies managing insurance portfolios.