NYSE : AIZ
Assurant, Inc. — Financial statements
Financials · Insurance - Property & Casualty · United States
Last price 292.69 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 14.44B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Premiums & Annuity Revenue | 10.88B | 10.48B | 9.80B | 9.39B | 8.77B | 8.57B |
| Total Interest & Dividend Income | 575.80M | 527.30M | 518.90M | 489.10M | 364.10M | 314.40M |
| Gain (Loss) on Sale of Investments | -65.50M | -71.80M | -75.80M | -68.70M | -179.70M | 128.20M |
| Other Revenue | 2.06B | 1.88B | 1.64B | 1.32B | 1.24B | 1.17B |
| Total Revenue | 13.46B | 12.81B | 11.88B | 11.13B | 10.19B | 10.19B |
| Policy Benefits | 2.94B | 2.93B | 2.77B | 2.52B | 2.36B | 2.20B |
| Policy Acquisition & Underwriting Costs | 8.73B | 8.36B | 7.80B | 7.44B | 7.12B | 6.89B |
| Depreciation & Amortization | 156.40M | 156.40M | 139.40M | 109.30M | 86.30M | 73.80M |
| Other Operating Expenses | 168.50M | 149.40M | 149.80M | 130.50M | 126.10M | 125.50M |
| Total Operating Expenses | 11.99B | 11.59B | 10.84B | 10.18B | 9.67B | 9.27B |
| Operating Income | 1.47B | 1.23B | 1.04B | 949.00M | 520.00M | 917.30M |
| Interest Expense | -112.90M | -109.70M | -107.00M | -108.00M | -108.30M | -111.80M |
| EBT Excluding Unusual Items | 1.36B | 1.12B | 932.70M | 841.00M | 411.70M | 805.50M |
| Merger & Restructuring Charges | -27.30M | -27.30M | -5.40M | -34.30M | -53.10M | -11.80M |
| Impairment of Goodwill | -7.80M | |||||
| Asset Writedown | -1.70M | |||||
| Other Unusual Items | -1.30M | -1.30M | 100.00K | -900.00K | -20.70M | |
| Pretax Income | 1.33B | 1.09B | 927.30M | 806.80M | 349.90M | 771.30M |
| Income Tax Expense | 263.70M | 214.70M | 167.10M | 164.30M | 73.30M | 168.40M |
| Earnings From Continuing Ops. | 1.06B | 872.70M | 760.20M | 642.50M | 276.60M | 602.90M |
| Earnings From Discontinued Ops. | 758.90M | |||||
| Net Income to Company | 1.06B | 872.70M | 760.20M | 642.50M | 276.60M | 1.36B |
| Net Income | 1.06B | 872.70M | 760.20M | 642.50M | 276.60M | 1.36B |
| Preferred Dividends & Other Adjustments | 8.80M | 7.70M | 7.70M | 7.00M | 4.70M | |
| Net Income to Common | 1.05B | 865.00M | 752.50M | 635.50M | 276.60M | 1.36B |
| Shares Outstanding (Basic) | 49.91M | 50.47M | 51.70M | 52.87M | 54.37M | 59.14M |
| Shares Outstanding (Diluted) | 50.50M | 51.09M | 52.05M | 53.20M | 54.78M | 60.12M |
| EPS (Basic) | 21.13 | 17.14 | 14.55 | 12.02 | 5.09 | 22.95 |
| EPS (Diluted) | 20.88 | 16.93 | 14.46 | 11.95 | 5.05 | 22.65 |
| Free Cash Flow | 1.66B | 1.60B | 1.11B | 935.60M | 410.60M | 594.30M |
| Free Cash Flow Per Share | 32.78 | 31.29 | 21.35 | 17.59 | 7.50 | 9.88 |
| Dividend Per Share | 3.44 | 3.28 | 2.96 | 2.82 | 2.74 | 2.66 |
| Operating Margin | 10.91% | 9.56% | 8.75% | 8.53% | 5.10% | 9.00% |
| Profit Margin | 7.84% | 6.75% | 6.34% | 5.71% | 2.71% | 13.32% |
| Free Cash Flow Margin | 12.30% | 12.47% | 9.36% | 8.40% | 4.03% | 5.83% |
| EBITDA | 1.74B | 1.48B | 1.26B | 1.15B | 702.00M | 1.09B |
| EBITDA Margin | 12.91% | 11.52% | 10.63% | 10.29% | 6.89% | 10.69% |
| D&A For EBITDA | 268.40M | 250.00M | 223.50M | 196.40M | 182.00M | 171.60M |
| EBIT | 1.47B | 1.23B | 1.04B | 949.00M | 520.00M | 917.30M |
| EBIT Margin | 10.91% | 9.56% | 8.75% | 8.53% | 5.10% | 9.00% |
| Effective Tax Rate | 19.87% | 19.74% | 18.02% | 20.36% | 20.95% | 21.83% |
| Revenue as Reported | 13.46B | 12.81B | 11.88B | 11.13B | 10.19B | 10.19B |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Investments in Debt Securities | 8.99B | 8.58B | 7.18B | 6.91B | 6.28B | 7.22B |
| Investments in Equity & Preferred Securities | 313.90M | 322.40M | 316.80M | 343.00M | 408.80M | 547.40M |
| Other Investments | 848.70M | 837.20M | 710.10M | 637.10M | 536.40M | 652.40M |
| Total Investments | 10.46B | 10.06B | 8.54B | 8.22B | 7.52B | 8.67B |
| Cash & Equivalents | 1.70B | 1.83B | 1.81B | 1.63B | 1.54B | 2.04B |
| Reinsurance Recoverable | 6.35B | 6.47B | 7.58B | 6.65B | 7.00B | 6.18B |
| Other Receivables | 2.14B | 2.12B | 2.18B | 2.36B | 2.49B | 2.00B |
| Deferred Policy Acquisition Cost | 10.38B | 10.19B | 9.99B | 9.97B | 9.68B | 8.81B |
| Property, Plant & Equipment | 849.60M | 900.90M | 822.40M | 708.80M | 674.70M | 609.10M |
| Goodwill | 2.66B | 2.65B | 2.62B | 2.61B | 2.60B | 2.57B |
| Other Intangible Assets | 487.70M | 522.00M | 535.60M | 567.10M | 638.90M | 719.20M |
| Other Current Assets | 512.40M | 1.08B | ||||
| Other Long-Term Assets | 1.06B | 1.03B | 937.60M | 923.20M | 971.50M | 1.23B |
| Total Assets | 36.08B | 36.29B | 35.02B | 33.64B | 33.12B | 33.92B |
| Accounts Payable | 3.45B | 3.52B | 3.12B | 2.60B | 2.49B | 2.77B |
| Accrued Expenses | 623.30M | 640.60M | 559.60M | 542.80M | 647.50M | 692.70M |
| Insurance & Annuity Liabilities | 53.80M | 55.70M | 536.70M | 487.20M | 507.90M | 413.20M |
| Unpaid Claims | 2.11B | 2.10B | 2.91B | 1.99B | 2.21B | 1.60B |
| Unearned Premiums | 21.11B | 20.88B | 20.21B | 20.11B | 19.80B | 18.62B |
| Reinsurance Payable | 282.00M | 266.40M | 277.70M | 822.80M | 859.40M | 810.40M |
| Current Portion of Long-Term Debt | 224.70M | 299.00M | ||||
| Current Portion of Leases | 20.30M | |||||
| Long-Term Debt | 2.21B | 2.21B | 2.08B | 2.08B | 1.91B | 1.90B |
| Long-Term Leases | 53.60M | 62.40M | 35.30M | 39.70M | 60.50M | |
| Other Current Liabilities | 499.50M | 1.06B | ||||
| Other Long-Term Liabilities | 30.70M | 19.90M | ||||
| Total Liabilities | 29.98B | 30.42B | 29.91B | 28.83B | 28.89B | 28.46B |
| Common Stock | 500.00K | 500.00K | 500.00K | 600.00K | 600.00K | 700.00K |
| Additional Paid-In Capital | 1.69B | 1.71B | 1.69B | 1.67B | 1.64B | 1.70B |
| Retained Earnings | 5.13B | 4.83B | 4.38B | 4.03B | 3.70B | 4.04B |
| Treasury Stock | -122.80M | -122.80M | -122.80M | -122.80M | -122.80M | -122.80M |
| Comprehensive Income & Other | -600.00M | -544.20M | -836.10M | -765.00M | -986.20M | -150.00M |
| Total Common Equity | 6.10B | 5.87B | 5.11B | 4.81B | 4.23B | 5.46B |
| Shareholders' Equity | 6.10B | 5.87B | 5.11B | 4.81B | 4.23B | 5.46B |
| Total Liabilities & Equity | 36.08B | 36.29B | 35.02B | 33.64B | 33.12B | 33.92B |
| Filing Date Shares Outstanding | 49.32M | 49.70M | 50.79M | 51.98M | 52.92M | 55.16M |
| Total Common Shares Outstanding | 49.38M | 49.79M | 50.83M | 51.96M | 52.83M | 55.75M |
| Total Debt | 2.21B | 2.28B | 2.15B | 2.12B | 2.17B | 2.26B |
| Net Cash (Debt) | -509.40M | -446.70M | -337.80M | -488.50M | -632.90M | -222.20M |
| Net Cash Per Share | -10.09 | -8.74 | -6.49 | -9.18 | -11.55 | -3.70 |
| Book Value Per Share | 123.48 | 117.92 | 100.46 | 92.57 | 80.04 | 98.00 |
| Tangible Book Value | 2.95B | 2.70B | 1.96B | 1.63B | 986.80M | 2.17B |
| Tangible Book Value Per Share | 59.82 | 54.29 | 38.46 | 31.44 | 18.68 | 38.98 |
| Land | 4.90M | 6.20M | 6.50M | 10.00M | 10.00M | |
| Buildings | 172.80M | 166.30M | 141.60M | 229.40M | 235.50M | |
| Machinery | 167.30M | 117.60M | 91.60M | 119.70M | 129.90M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.06B | 872.70M | 760.20M | 642.50M | 276.60M | 1.36B |
| Depreciation & Amortization | 268.40M | 250.00M | 223.50M | 196.40M | 182.00M | 171.60M |
| Gain (Loss) on Sale of Assets | 11.20M | 10.70M | 8.60M | |||
| Gain (Loss) on Sale of Investments | 65.50M | 71.80M | 75.80M | 68.70M | 179.70M | -128.20M |
| Stock-Based Compensation | 91.60M | 85.70M | 81.10M | 75.10M | 62.60M | 66.70M |
| Change in Accounts Receivable | -71.00M | 95.70M | 172.80M | 120.60M | -465.60M | -424.20M |
| Reinsurance Recoverable | 512.60M | 627.60M | -892.20M | 345.60M | -809.50M | -446.90M |
| Change in Income Taxes | 22.40M | -4.20M | -116.50M | -92.90M | 88.20M | -145.80M |
| Change in Insurance Reserves / Liabilities | 311.90M | -266.30M | 1.19B | 9.40M | 1.88B | 1.45B |
| Change in Other Net Operating Assets | -386.60M | 84.20M | -217.90M | -65.20M | -380.60M | 107.00M |
| Other Operating Activities | 151.80M | 127.90M | 179.10M | -139.90M | 42.20M | -609.90M |
| Operating Cash Flow | 1.87B | 1.83B | 1.33B | 1.14B | 596.90M | 781.70M |
| Capital Expenditures | -215.10M | -235.50M | -221.30M | -202.50M | -186.30M | -187.40M |
| Cash Acquisitions | -38.80M | -23.50M | -12.90M | -300.00K | -72.50M | -16.60M |
| Investment in Securities | -956.00M | -1.22B | -402.10M | -402.10M | 31.10M | -697.90M |
| Other Investing Activities | 6.00M | 6.00M | 100.00K | 2.40M | 600.00K | -142.00M |
| Investing Cash Flow | -1.18B | -1.46B | -657.80M | -637.70M | -262.10M | 157.60M |
| Long-Term Debt Issued | 298.00M | 173.20M | 347.20M | |||
| Total Debt Issued | 298.00M | 298.00M | 173.20M | 347.20M | ||
| Total Debt Repaid | -176.30M | -176.30M | -225.00M | -75.90M | -419.80M | |
| Net Debt Issued (Repaid) | 121.70M | 121.70M | -51.80M | -75.90M | -72.60M | |
| Repurchases of Common Stock | -412.10M | -317.50M | -321.60M | -197.30M | -592.30M | -854.90M |
| Common Dividends Paid | -176.70M | -168.40M | -155.90M | -152.30M | -150.20M | -157.60M |
| Preferred Dividends Paid | -4.70M | |||||
| Total Dividends Paid | -176.70M | -168.40M | -155.90M | -152.30M | -150.20M | -162.30M |
| Other Financing Activities | -2.50M | |||||
| Financing Cash Flow | -467.10M | -364.20M | -477.50M | -403.90M | -818.40M | -1.09B |
| Foreign Exchange Rate Adjustments | -11.90M | 14.50M | -17.10M | -5.80M | -34.50M | -23.30M |
| Net Cash Flow | 212.00M | 26.40M | 180.30M | 90.70M | -518.10M | -173.80M |
| Free Cash Flow | 1.66B | 1.60B | 1.11B | 935.60M | 410.60M | 594.30M |
| Free Cash Flow Margin | 12.30% | 12.47% | 9.36% | 8.40% | 4.03% | 5.83% |
| Free Cash Flow Per Share | 32.78 | 31.29 | 21.35 | 17.59 | 7.50 | 9.88 |
| Levered Free Cash Flow | 2.15B | 2.19B | 901.34M | 1.03B | 620.21M | 3.46B |
| Unlevered Free Cash Flow | 2.22B | 2.26B | 968.21M | 1.10B | 687.90M | 3.53B |
| Cash Interest Paid | 110.00M | 107.20M | 107.40M | 107.40M | 108.60M | 109.80M |
| Cash Income Tax Paid | 271.60M | 271.60M | 126.60M | 232.90M | 127.70M | 221.10M |
| Change in Working Capital | 190.00M | 387.80M | -1.00M | 261.00M | -195.80M | -233.20M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 14.44B | 12.06B | 10.94B | 8.86B | 6.61B | 8.88B |
| Enterprise Value | 14.95B | 12.56B | 11.20B | 9.52B | 7.31B | 9.05B |
| PE Ratio | 14.02 | 13.95 | 14.53 | 13.94 | 23.89 | 6.54 |
| PS Ratio | 1.07 | 0.94 | 0.92 | 0.80 | 0.65 | 0.87 |
| PB Ratio | 2.37 | 2.05 | 2.14 | 1.84 | 1.56 | 1.62 |
| P/FCF Ratio | 8.72 | 7.55 | 9.84 | 9.47 | 16.09 | 14.94 |
| P/OCF Ratio | 7.72 | 6.58 | 8.21 | 7.79 | 11.07 | 11.36 |
| EV/Sales Ratio | 1.11 | 0.98 | 0.94 | 0.85 | 0.72 | 0.89 |
| EV/EBITDA Ratio | 8.61 | 8.51 | 8.87 | 8.31 | 10.41 | 8.31 |
| EV/EBIT Ratio | 10.18 | 10.24 | 10.78 | 10.03 | 14.05 | 9.87 |
| EV/FCF Ratio | 9.03 | 7.86 | 10.08 | 10.17 | 17.80 | 15.23 |
| Debt / Equity Ratio | 0.36 | 0.39 | 0.42 | 0.44 | 0.51 | 0.41 |
| Debt / EBITDA Ratio | 1.26 | 1.52 | 1.67 | 1.82 | 3.01 | 2.03 |
| Debt / FCF Ratio | 1.33 | 1.43 | 1.93 | 2.26 | 5.28 | 3.81 |
| Net Debt / Equity Ratio | 0.08 | 0.08 | 0.07 | 0.10 | 0.15 | 0.04 |
| Net Debt / EBITDA Ratio | 0.29 | 0.30 | 0.27 | 0.43 | 0.90 | 0.20 |
| Net Debt / FCF Ratio | 0.31 | 0.28 | 0.30 | 0.52 | 1.54 | 0.37 |
| Quick Ratio | 0.15 | 0.15 | 0.15 | 0.16 | 0.16 | 0.16 |
| Current Ratio | 0.38 | 0.41 | 0.44 | 0.42 | 0.43 | 0.45 |
| Asset Turnover | 0.38 | 0.36 | 0.35 | 0.33 | 0.30 | 0.26 |
| Return on Equity (ROE) | 18.34% | 15.90% | 15.33% | 14.22% | 5.71% | 10.56% |
| Return on Assets (ROA) | 2.56% | 2.15% | 1.89% | 1.78% | 0.97% | 1.46% |
| Return on Invested Capital (ROIC) | 14.37% | 12.77% | 12.02% | 11.34% | 5.82% | 8.96% |
| Earnings Yield | 7.13% | 7.23% | 6.95% | 7.25% | 4.19% | 15.33% |
| FCF Yield | 11.46% | 13.25% | 10.16% | 10.56% | 6.21% | 6.69% |
| Dividend Yield | 1.20% | 1.35% | 1.38% | 1.65% | 2.19% | 1.67% |
| Payout Ratio | 16.86% | 19.30% | 20.51% | 23.70% | 54.30% | 11.92% |
| Buyback Yield / Dilution | 1.49% | 1.86% | 2.15% | 2.89% | 8.88% | 4.84% |
| Total Shareholder Return | 2.70% | 3.21% | 3.53% | 4.54% | 11.07% | 6.51% |