ASSURANT, INC. AIZ
Assurant, Inc. was incorporated as a Delaware corporation in 2004.
We are a premier global protection company that partners with the world's leading brands to safeguard and service connected devices, homes and automobiles. We leverage data-driven technology solutions to provide exceptional customer experiences. We operate in North America, Latin America, Europe and Asia Pacific through two operating segments: Global Lifestyle and Global Housing. Through our Global Lifestyle segment, we provide mobile device solutions, extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products (referred to as "Connected Living"); and vehicle protection services, commercial equipment protection and other related services (referred to as "Global Automotive"). Through our Global Housing segment, we provide lender-placed homeowners, manufactured housing and flood insurance, as well as voluntary manufactured housing, condominium and homeowners insurance (referred to as "Homeowners"); and renters insurance and other products (referred to as "Renters and Other").
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $12.81B | $11.88B | $11.13B | $10.19B | $10.19B | $9.60B | $9.57B | $8.06B | $6.42B | $7.53B |
| SG&A | — | — | — | — | $3.25B | $3.05B | $3.19B | $2.98B | $2.71B | $3.44B |
| Interest expense | — | — | $108.0M | $108.3M | $111.8M | $104.5M | $110.6M | $100.3M | $49.5M | $57.6M |
| Pre-tax income | $1.09B | $927.3M | $806.8M | $349.9M | $771.3M | $578.1M | $454.7M | $333.5M | $444.5M | $848.6M |
| Income tax | $214.7M | $167.1M | $164.3M | $73.3M | $168.4M | $58.7M | $148.3M | $80.9M | $75.1M | $283.2M |
| Net income | $872.7M | $760.2M | $642.5M | $276.6M | $1.36B | $440.8M | $382.6M | $251.0M | $519.6M | $565.4M |
| EPS, basic | 17.14 | 14.55 | 12.02 | 5.09 | 22.95 | 7.02 | 5.87 | 4.00 | 9.45 | 9.23 |
| EPS, diluted | 16.93 | 14.46 | 11.95 | 5.05 | 22.66 | 6.98 | 5.84 | 3.98 | 9.39 | 9.13 |
| Shares, diluted (wtd. avg.) | $51.1M | $52.1M | $53.2M | $54.8M | $60.1M | $63.2M | $62.3M | $59.5M | $55.3M | $61.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.83B | $1.81B | $1.63B | $1.54B | $2.04B | $2.21B | $1.86B | $1.25B | $996.8M | $1.03B |
| Short-term investments | — | — | — | — | — | — | $402.5M | $373.2M | — | — |
| Property, plant and equipment | $841.7M | $768.3M | $685.8M | $645.1M | $561.4M | $446.1M | $433.7M | $392.5M | $347.6M | $343.6M |
| Goodwill | $2.65B | $2.62B | $2.61B | $2.60B | $2.57B | $2.59B | $2.21B | $2.32B | $917.7M | $830.9M |
| Other intangibles | $522.0M | $535.6M | $567.1M | $638.9M | $719.2M | $696.2M | $540.2M | $622.4M | $288.6M | $240.3M |
| Total assets | $36.29B | $35.02B | $33.64B | $33.12B | $33.92B | $44.65B | $44.29B | $41.09B | $31.84B | $29.71B |
| Long-term debt | — | — | — | — | — | — | $2.01B | $2.01B | $1.07B | — |
| Total liabilities | $30.42B | $29.91B | $28.83B | $28.89B | $28.46B | $38.70B | $38.61B | $35.96B | $27.56B | $25.61B |
| Retained earnings | $4.83B | $4.38B | $4.03B | $3.70B | $4.04B | $3.55B | $5.97B | $5.76B | $5.70B | $5.30B |
| Total equity | $5.87B | $5.11B | $4.81B | $4.23B | $5.46B | $5.94B | $5.67B | $5.13B | $4.28B | $4.10B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.83B | $1.33B | $1.14B | $596.9M | $781.7M | $1.34B | $1.41B | $656.7M | $530.4M | $108.6M |
| Depreciation and amortisation | $250.0M | $223.5M | $196.4M | $182.0M | $171.6M | $142.3M | $125.5M | $126.9M | $115.7M | $125.1M |
| Stock-based compensation | $85.7M | $81.1M | $75.1M | $62.6M | $66.7M | $57.9M | $55.9M | $57.1M | $35.5M | $41.6M |
| Capital expenditure | $235.5M | $221.3M | $202.5M | $186.3M | $187.4M | $121.2M | $110.3M | $82.8M | $62.1M | $85.2M |
| Investing cash flow | -$1.46B | -$657.8M | -$637.7M | -$262.1M | $157.6M | -$735.2M | -$619.8M | -$2.20B | -$541.2M | $725.6M |
| Financing cash flow | -$364.2M | -$477.5M | -$403.9M | -$818.4M | -$1.09B | -$264.8M | -$179.2M | $1.84B | -$26.7M | -$1.08B |
| Dividends paid | $168.4M | $155.9M | $152.3M | $150.2M | $157.6M | $154.6M | $151.4M | $133.8M | $119.0M | $125.3M |
| Buybacks | $303.7M | $307.4M | $193.1M | $572.8M | $839.3M | $297.0M | $271.8M | $139.3M | $388.9M | $863.1M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001267238-26-000018.
Others in SIC 6399
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| IGIC | International General Insurance Holdings Ltd. | — | — | -4.1% |
| BNT | Brookfield Wealth Solutions Ltd. | — | — | -17.5% |