The adjusted underwriting profit is a measure of success for an insurance company. It is important for an insurance company to successfully manage their financial investments so they can pay out on the insurance policies they've sold. If they practice prudent underwriting procedures and responsible asset-liability management (ALM), they should be able to generate a gain. If they underwrite policies they shouldn't or fail to match their investments (assets) to their future insurance policy liabilities, they will not be as profitable.