Talking about potential liability for insurance float conceals its nature as a strategic asset, a leverage that, when well managed, surpasses ordinary liabilities in generating returns. True alpha is earned by transforming constraints into opportunities, not by letting them stagnate as mere obligations. A liability is an expense, not a growth engine; considering float only as an obligation is to let competitors gain a head start on capital returns, like when Temasek optimizes its sovereign funds without confining them to a static view of responsibility.