Annual Income Statements for Assurant
This table shows Assurant's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for Assurant
This table shows Assurant's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Income / (Loss) Attributable to Common Shareholders |
|
7.30 |
68 |
114 |
156 |
190 |
183 |
236 |
189 |
134 |
201 |
147 |
Consolidated Net Income / (Loss) |
|
7.30 |
68 |
114 |
156 |
190 |
183 |
236 |
189 |
134 |
201 |
147 |
Net Income / (Loss) Continuing Operations |
|
7.30 |
68 |
114 |
156 |
190 |
183 |
236 |
189 |
134 |
201 |
147 |
Total Pre-Tax Income |
|
8.50 |
96 |
147 |
204 |
229 |
227 |
293 |
233 |
152 |
250 |
184 |
Total Revenue |
|
2,548 |
2,653 |
2,643 |
2,704 |
2,747 |
2,929 |
2,880 |
2,925 |
2,968 |
3,105 |
3,074 |
Net Interest Income / (Expense) |
|
0.00 |
-108 |
0.00 |
-27 |
-27 |
-54 |
0.00 |
-27 |
-27 |
-54 |
-27 |
Total Interest Income |
|
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
Total Interest Expense |
|
0.00 |
108 |
0.00 |
27 |
27 |
54 |
0.00 |
27 |
27 |
54 |
27 |
Long-Term Debt Interest Expense |
|
- |
- |
- |
27 |
27 |
- |
- |
27 |
27 |
- |
27 |
Total Non-Interest Income |
|
2,548 |
2,653 |
2,643 |
2,732 |
2,774 |
2,983 |
2,880 |
2,925 |
2,968 |
3,105 |
3,074 |
Other Service Charges |
|
295 |
301 |
283 |
296 |
310 |
434 |
386 |
375 |
439 |
439 |
403 |
Net Realized & Unrealized Capital Gains on Investments |
|
56 |
89 |
95 |
93 |
106 |
127 |
118 |
105 |
111 |
109 |
109 |
Premiums Earned |
|
2,197 |
2,263 |
2,266 |
2,343 |
2,357 |
2,422 |
2,377 |
2,445 |
2,417 |
2,558 |
2,562 |
Total Non-Interest Expense |
|
2,539 |
2,557 |
2,496 |
2,500 |
2,518 |
2,703 |
2,587 |
2,692 |
2,816 |
2,855 |
2,890 |
Property & Liability Insurance Claims |
|
671 |
599 |
646 |
633 |
645 |
599 |
623 |
696 |
777 |
671 |
780 |
Other Operating Expenses |
|
1,869 |
1,841 |
1,850 |
1,868 |
1,874 |
2,104 |
1,964 |
1,969 |
2,013 |
2,131 |
2,084 |
Income Tax Expense |
|
1.20 |
28 |
34 |
48 |
39 |
44 |
57 |
44 |
18 |
49 |
37 |
Basic Earnings per Share |
|
$0.14 |
$1.32 |
$2.12 |
$2.91 |
$3.55 |
$3.44 |
$4.50 |
$3.59 |
$2.56 |
$3.90 |
$2.86 |
Weighted Average Basic Shares Outstanding |
|
53.72M |
54.37M |
53.49M |
53.75M |
53.54M |
53.46M |
52.53M |
52.50M |
52.20M |
52.23M |
51.28M |
Diluted Earnings per Share |
|
$0.14 |
$1.31 |
$2.12 |
$2.90 |
$3.54 |
$3.39 |
$4.47 |
$3.58 |
$2.55 |
$3.86 |
$2.83 |
Weighted Average Diluted Shares Outstanding |
|
54.07M |
54.78M |
53.70M |
53.89M |
53.75M |
53.78M |
52.87M |
52.72M |
52.46M |
52.58M |
51.73M |
Weighted Average Basic & Diluted Shares Outstanding |
|
52.83M |
52.92M |
53.15M |
53.02M |
52.59M |
51.98M |
51.99M |
51.79M |
51.29M |
50.79M |
50.70M |
Cash Dividends to Common per Share |
|
$0.68 |
- |
$0.70 |
$0.70 |
$0.70 |
- |
$0.72 |
$0.72 |
$0.72 |
- |
$0.80 |
Annual Cash Flow Statements for Assurant
This table details how cash moves in and out of Assurant's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Net Change in Cash & Equivalents |
|
-508 |
-246 |
-35 |
292 |
613 |
362 |
-174 |
-518 |
91 |
180 |
Net Cash From Operating Activities |
|
230 |
109 |
530 |
657 |
1,413 |
1,342 |
782 |
597 |
1,138 |
1,333 |
Net Cash From Continuing Operating Activities |
|
261 |
109 |
530 |
657 |
1,128 |
1,114 |
631 |
597 |
1,138 |
1,333 |
Net Income / (Loss) Continuing Operations |
|
142 |
565 |
520 |
251 |
383 |
519 |
1,362 |
277 |
643 |
760 |
Consolidated Net Income / (Loss) |
|
142 |
565 |
520 |
251 |
383 |
441 |
1,362 |
277 |
643 |
760 |
Depreciation Expense |
|
137 |
125 |
116 |
127 |
126 |
142 |
172 |
182 |
196 |
224 |
Non-Cash Adjustments to Reconcile Net Income |
|
-250 |
156 |
1,010 |
184 |
-534 |
273 |
-1,540 |
-196 |
-12 |
389 |
Changes in Operating Assets and Liabilities, net |
|
246 |
-344 |
-1,011 |
152 |
1,154 |
181 |
637 |
334 |
312 |
-40 |
Net Cash From Investing Activities |
|
264 |
726 |
-541 |
-2,203 |
-620 |
-735 |
158 |
-262 |
-638 |
-658 |
Net Cash From Continuing Investing Activities |
|
-401 |
726 |
-541 |
-2,203 |
-337 |
-519 |
303 |
-262 |
-638 |
-658 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-115 |
-85 |
-62 |
-83 |
-110 |
-121 |
-187 |
-186 |
-203 |
-221 |
Purchase of Investment Securities |
|
-3,024 |
-4,734 |
-4,630 |
-7,644 |
-3,650 |
-2,525 |
-3,333 |
-3,351 |
-2,344 |
-2,520 |
Divestitures |
|
50 |
874 |
0.00 |
61 |
0.00 |
0.00 |
1,316 |
4.80 |
0.00 |
-5.00 |
Sale and/or Maturity of Investments |
|
2,688 |
4,671 |
4,125 |
5,464 |
3,423 |
2,127 |
2,508 |
3,271 |
1,908 |
2,088 |
Net Cash From Financing Activities |
|
-462 |
-1,080 |
-27 |
1,838 |
-179 |
-265 |
-1,090 |
-818 |
-404 |
-478 |
Net Cash From Continuing Financing Activities |
|
-368 |
-1,080 |
-27 |
1,838 |
-179 |
-265 |
-1,090 |
-818 |
-404 |
-478 |
Issuance of Debt |
|
0.00 |
250 |
304 |
2,766 |
934 |
444 |
347 |
0.00 |
173 |
0.00 |
Repayment of Debt |
|
0.00 |
-373 |
-221 |
-942 |
-699 |
-201 |
-420 |
-76 |
-225 |
0.00 |
Repurchase of Common Equity |
|
-293 |
-863 |
-389 |
-139 |
-252 |
-307 |
-839 |
-573 |
-193 |
-307 |
Payment of Dividends |
|
- |
-125 |
-119 |
-148 |
-170 |
-173 |
-162 |
-150 |
-152 |
-156 |
Other Financing Activities, Net |
|
-75 |
32 |
398 |
9.30 |
7.50 |
-27 |
-16 |
-20 |
-6.70 |
-14 |
Effect of Exchange Rate Changes |
|
- |
- |
2.30 |
- |
-1.60 |
20 |
-24 |
-35 |
-5.80 |
-17 |
Cash Interest Paid |
|
55 |
56 |
48 |
80 |
103 |
104 |
110 |
109 |
107 |
107 |
Cash Income Taxes Paid |
|
80 |
226 |
19 |
94 |
93 |
99 |
221 |
128 |
235 |
-39 |
Quarterly Cash Flow Statements for Assurant
This table details how cash moves in and out of Assurant's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Net Change in Cash & Equivalents |
|
248 |
107 |
-11 |
-124 |
24 |
202 |
-346 |
431 |
100 |
-5.70 |
-138 |
Net Cash From Operating Activities |
|
648 |
277 |
260 |
185 |
331 |
363 |
83 |
711 |
437 |
103 |
392 |
Net Cash From Continuing Operating Activities |
|
648 |
277 |
260 |
185 |
331 |
363 |
83 |
711 |
437 |
103 |
392 |
Net Income / (Loss) Continuing Operations |
|
7.30 |
68 |
114 |
156 |
190 |
183 |
236 |
189 |
134 |
201 |
147 |
Consolidated Net Income / (Loss) |
|
7.30 |
68 |
114 |
156 |
190 |
183 |
236 |
189 |
134 |
201 |
147 |
Depreciation Expense |
|
45 |
42 |
48 |
47 |
46 |
55 |
51 |
51 |
59 |
64 |
57 |
Non-Cash Adjustments to Reconcile Net Income |
|
-65 |
39 |
66 |
-41 |
36 |
-74 |
60 |
-17 |
207 |
139 |
73 |
Changes in Operating Assets and Liabilities, net |
|
661 |
129 |
32 |
23 |
59 |
199 |
-264 |
488 |
37 |
-301 |
116 |
Net Cash From Investing Activities |
|
-242 |
-127 |
-229 |
-254 |
-157 |
3.10 |
-328 |
-193 |
-207 |
71 |
-422 |
Net Cash From Continuing Investing Activities |
|
-242 |
-127 |
-229 |
-254 |
-157 |
3.10 |
-328 |
-193 |
-207 |
71 |
-422 |
Purchase of Property, Leasehold Improvements and Equipment |
|
-47 |
-52 |
-48 |
-49 |
-50 |
-54 |
-51 |
-55 |
-47 |
-68 |
-53 |
Purchase of Investment Securities |
|
-855 |
-474 |
-621 |
-378 |
-581 |
-764 |
-800 |
-516 |
-681 |
-524 |
-883 |
Sale and/or Maturity of Investments |
|
660 |
399 |
440 |
173 |
475 |
821 |
522 |
378 |
521 |
668 |
515 |
Net Cash From Financing Activities |
|
-142 |
-51 |
-43 |
-57 |
-142 |
-162 |
-96 |
-81 |
-141 |
-160 |
-119 |
Net Cash From Continuing Financing Activities |
|
-142 |
-51 |
-43 |
-57 |
-142 |
-162 |
-96 |
-81 |
-141 |
-160 |
-119 |
Repurchase of Common Equity |
|
-91 |
-15 |
0.00 |
-18 |
-49 |
-126 |
-46 |
-42 |
-99 |
-120 |
-64 |
Payment of Dividends |
|
-37 |
-38 |
-37 |
-40 |
-37 |
-39 |
-37 |
-40 |
-38 |
-41 |
-41 |
Other Financing Activities, Net |
|
-15 |
1.50 |
-4.20 |
0.10 |
-5.10 |
2.50 |
-13 |
0.70 |
-3.90 |
1.70 |
-14 |
Effect of Exchange Rate Changes |
|
-16 |
8.20 |
1.70 |
2.50 |
-8.40 |
-1.60 |
-3.60 |
-5.50 |
12 |
-20 |
9.80 |
Annual Balance Sheets for Assurant
This table presents Assurant's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Total Assets |
|
30,036 |
29,709 |
4,427 |
41,089 |
44,291 |
44,650 |
33,921 |
33,117 |
33,635 |
35,021 |
Cash and Due from Banks |
|
1,288 |
1,032 |
- |
1,254 |
1,867 |
2,208 |
2,041 |
1,537 |
1,627 |
1,808 |
Trading Account Securities |
|
10,715 |
9,994 |
- |
11,636 |
12,711 |
7,106 |
7,661 |
6,565 |
7,135 |
7,384 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Accrued Investment Income |
|
130 |
110 |
- |
126 |
131 |
67 |
62 |
85 |
97 |
131 |
Premises and Equipment, Net |
|
298 |
344 |
- |
393 |
434 |
446 |
561 |
645 |
686 |
768 |
Mortgage Servicing Rights |
|
1,151 |
624 |
- |
760 |
815 |
138 |
257 |
296 |
329 |
343 |
Unearned Premiums Asset |
|
1,261 |
1,218 |
- |
1,644 |
1,693 |
1,549 |
1,943 |
2,406 |
2,266 |
2,054 |
Deferred Acquisition Cost |
|
3,151 |
3,267 |
3,485 |
5,103 |
6,668 |
7,388 |
8,811 |
9,677 |
9,967 |
9,993 |
Goodwill |
|
834 |
831 |
918 |
2,322 |
2,343 |
2,589 |
2,572 |
2,603 |
2,609 |
2,616 |
Intangible Assets |
|
277 |
240 |
- |
622 |
540 |
696 |
719 |
639 |
567 |
536 |
Other Assets |
|
9,133 |
10,357 |
24 |
15,621 |
13,229 |
22,451 |
9,295 |
8,664 |
8,353 |
9,390 |
Total Liabilities & Shareholders' Equity |
|
30,036 |
29,709 |
3,782 |
41,089 |
44,291 |
44,650 |
33,921 |
33,117 |
33,635 |
35,021 |
Total Liabilities |
|
25,512 |
25,611 |
3,782 |
35,955 |
38,609 |
38,695 |
28,457 |
28,889 |
28,826 |
29,914 |
Other Short-Term Payables |
|
2,050 |
1,986 |
- |
2,241 |
- |
2,641 |
3,044 |
- |
2,793 |
2,838 |
Long-Term Debt |
|
1,165 |
1,067 |
- |
2,006 |
2,007 |
2,253 |
2,203 |
2,130 |
2,081 |
2,083 |
Claims and Claim Expense |
|
3,897 |
3,301 |
3,782 |
2,814 |
2,688 |
1,610 |
1,605 |
2,210 |
1,989 |
2,914 |
Future Policy Benefits |
|
9,467 |
10,113 |
- |
9,241 |
9,807 |
1,359 |
413 |
508 |
487 |
537 |
Unearned Premiums Liability |
|
6,424 |
6,627 |
- |
15,648 |
16,604 |
17,293 |
18,624 |
19,802 |
20,110 |
20,211 |
Other Long-Term Liabilities |
|
713 |
825 |
- |
2,397 |
3,977 |
13,528 |
2,568 |
1,507 |
1,366 |
1,331 |
Commitments & Contingencies |
|
0.00 |
0.00 |
- |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
4,524 |
4,098 |
0.00 |
5,134 |
5,682 |
5,955 |
5,464 |
4,229 |
4,810 |
5,107 |
Total Preferred & Common Equity |
|
4,524 |
4,098 |
0.00 |
5,112 |
5,653 |
5,951 |
5,464 |
4,229 |
4,810 |
5,107 |
Total Common Equity |
|
4,524 |
4,098 |
0.00 |
5,109 |
5,650 |
5,949 |
5,464 |
4,229 |
4,810 |
5,107 |
Common Stock |
|
3,150 |
3,177 |
- |
4,497 |
4,539 |
1,957 |
1,696 |
1,638 |
1,669 |
1,687 |
Retained Earnings |
|
4,857 |
5,297 |
- |
5,760 |
5,966 |
3,549 |
4,041 |
3,699 |
4,028 |
4,378 |
Treasury Stock |
|
-3,601 |
-4,471 |
- |
-4,992 |
-5,267 |
-267 |
-123 |
-123 |
-123 |
-123 |
Accumulated Other Comprehensive Income / (Loss) |
|
119 |
95 |
- |
-155 |
412 |
710 |
-150 |
-986 |
-765 |
-836 |
Quarterly Balance Sheets for Assurant
This table presents Assurant's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Total Assets |
|
33,246 |
33,117 |
32,915 |
33,105 |
33,209 |
33,635 |
33,225 |
33,773 |
35,332 |
35,021 |
34,988 |
Cash and Due from Banks |
|
1,430 |
1,537 |
1,526 |
1,402 |
1,425 |
1,627 |
1,282 |
1,713 |
1,813 |
1,808 |
1,670 |
Trading Account Securities |
|
6,441 |
6,565 |
6,838 |
6,877 |
6,787 |
7,135 |
7,458 |
7,435 |
7,816 |
7,384 |
7,830 |
Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Accrued Investment Income |
|
85 |
85 |
94 |
91 |
94 |
97 |
97 |
120 |
120 |
131 |
139 |
Premises and Equipment, Net |
|
618 |
645 |
671 |
643 |
664 |
686 |
706 |
733 |
742 |
768 |
786 |
Mortgage Servicing Rights |
|
304 |
296 |
306 |
303 |
322 |
329 |
333 |
330 |
329 |
343 |
346 |
Unearned Premiums Asset |
|
2,289 |
2,406 |
2,332 |
2,342 |
2,410 |
2,266 |
2,003 |
1,815 |
1,783 |
2,054 |
1,843 |
Deferred Acquisition Cost |
|
9,578 |
9,677 |
9,683 |
9,819 |
9,904 |
9,967 |
9,979 |
10,041 |
10,084 |
9,993 |
9,960 |
Goodwill |
|
2,547 |
2,603 |
2,604 |
2,606 |
2,605 |
2,609 |
2,609 |
2,618 |
2,625 |
2,616 |
2,621 |
Intangible Assets |
|
631 |
639 |
616 |
608 |
590 |
567 |
563 |
555 |
546 |
536 |
553 |
Other Assets |
|
9,323 |
8,664 |
8,246 |
8,414 |
8,408 |
8,353 |
8,198 |
8,413 |
9,474 |
9,390 |
9,241 |
Total Liabilities & Shareholders' Equity |
|
33,246 |
33,117 |
32,915 |
33,105 |
33,209 |
33,635 |
33,225 |
33,773 |
35,332 |
35,021 |
34,988 |
Total Liabilities |
|
29,147 |
28,889 |
28,519 |
28,619 |
28,718 |
28,826 |
28,305 |
28,769 |
30,077 |
29,914 |
29,754 |
Short-Term Debt |
|
- |
2,732 |
2,639 |
2,529 |
2,572 |
- |
2,455 |
- |
- |
- |
3,600 |
Long-Term Debt |
|
2,129 |
2,130 |
2,129 |
2,129 |
2,080 |
2,081 |
2,081 |
2,082 |
2,083 |
2,083 |
2,084 |
Claims and Claim Expense |
|
3,022 |
2,210 |
2,081 |
2,020 |
2,011 |
1,989 |
2,015 |
2,115 |
3,049 |
2,914 |
2,570 |
Future Policy Benefits |
|
407 |
508 |
518 |
523 |
511 |
487 |
522 |
512 |
504 |
537 |
507 |
Unearned Premiums Liability |
|
19,555 |
19,802 |
19,672 |
19,931 |
20,120 |
20,110 |
20,031 |
20,245 |
20,400 |
20,211 |
20,133 |
Other Long-Term Liabilities |
|
1,566 |
1,507 |
1,481 |
1,486 |
1,425 |
1,366 |
1,201 |
1,303 |
1,296 |
1,331 |
861 |
Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Total Equity & Noncontrolling Interests |
|
4,099 |
4,229 |
4,396 |
4,486 |
4,491 |
4,810 |
4,920 |
5,004 |
5,255 |
5,107 |
5,234 |
Total Preferred & Common Equity |
|
4,099 |
4,229 |
4,396 |
4,486 |
4,491 |
4,810 |
4,920 |
5,004 |
5,255 |
5,107 |
5,234 |
Total Common Equity |
|
4,099 |
4,229 |
4,396 |
4,486 |
4,491 |
4,810 |
4,920 |
5,004 |
5,255 |
5,107 |
5,234 |
Common Stock |
|
1,628 |
1,638 |
1,643 |
1,654 |
1,674 |
1,669 |
1,660 |
1,670 |
1,684 |
1,687 |
1,674 |
Retained Earnings |
|
3,679 |
3,699 |
3,776 |
3,877 |
3,991 |
4,028 |
4,194 |
4,310 |
4,322 |
4,378 |
4,431 |
Treasury Stock |
|
-123 |
-123 |
-123 |
-123 |
-123 |
-123 |
-123 |
-123 |
-123 |
-123 |
-123 |
Accumulated Other Comprehensive Income / (Loss) |
|
-1,085 |
-986 |
-900 |
-923 |
-1,051 |
-765 |
-811 |
-853 |
-627 |
-836 |
-749 |
Annual Metrics And Ratios for Assurant
This table displays calculated financial ratios and metrics derived from Assurant's official financial filings.
Metric |
|
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-0.54% |
-27.90% |
-14.48% |
24.99% |
20.26% |
0.30% |
6.15% |
0.05% |
8.15% |
7.75% |
EBITDA Growth |
|
-62.88% |
76.02% |
-20.31% |
-11.57% |
43.79% |
42.18% |
14.30% |
-43.59% |
88.61% |
14.71% |
EBIT Growth |
|
-72.96% |
318.49% |
-47.21% |
-24.97% |
36.34% |
50.12% |
12.99% |
-54.64% |
130.58% |
14.94% |
NOPAT Growth |
|
-69.93% |
299.29% |
-8.10% |
-51.39% |
21.30% |
69.52% |
16.08% |
-54.12% |
132.28% |
18.32% |
Net Income Growth |
|
-69.93% |
299.29% |
-8.10% |
-51.39% |
53.13% |
14.19% |
208.31% |
-79.69% |
132.28% |
18.32% |
EPS Growth |
|
-68.17% |
345.37% |
2.85% |
-57.61% |
46.73% |
19.52% |
224.64% |
-77.71% |
136.63% |
21.00% |
Operating Cash Flow Growth |
|
-41.62% |
-52.76% |
388.40% |
23.81% |
115.23% |
-5.05% |
-41.75% |
-23.64% |
90.67% |
17.10% |
Free Cash Flow Firm Growth |
|
266.92% |
-68.72% |
362.87% |
-223.86% |
96.11% |
100.29% |
163,328.57% |
-200.25% |
347.84% |
-83.80% |
Invested Capital Growth |
|
-36.99% |
-9.20% |
-87.52% |
1,007.99% |
7.69% |
6.75% |
-6.59% |
18.57% |
-24.20% |
4.35% |
Revenue Q/Q Growth |
|
-0.72% |
-10.60% |
-0.40% |
8.52% |
-0.62% |
2.86% |
1.79% |
0.01% |
2.57% |
0.57% |
EBITDA Q/Q Growth |
|
79.41% |
-36.68% |
36.54% |
-10.11% |
12.73% |
28.25% |
-9.84% |
-9.80% |
16.72% |
2.87% |
EBIT Q/Q Growth |
|
10.97% |
-6.88% |
33.00% |
-25.71% |
8.62% |
36.27% |
-12.52% |
-13.37% |
19.26% |
2.59% |
NOPAT Q/Q Growth |
|
12.77% |
-5.75% |
118.32% |
-53.13% |
7.66% |
15.50% |
-0.30% |
-14.84% |
21.66% |
2.54% |
Net Income Q/Q Growth |
|
12.77% |
-5.75% |
118.32% |
-53.13% |
35.91% |
2.13% |
-1.79% |
-14.02% |
21.66% |
2.54% |
EPS Q/Q Growth |
|
14.53% |
-2.67% |
115.37% |
-58.37% |
48.22% |
3.71% |
-1.95% |
-9.98% |
21.07% |
3.36% |
Operating Cash Flow Q/Q Growth |
|
-75.10% |
129.55% |
-2.32% |
6.16% |
3.17% |
16.99% |
-19.20% |
3.90% |
8.12% |
-16.31% |
Free Cash Flow Firm Q/Q Growth |
|
347.86% |
-63.37% |
617.61% |
-68.17% |
-111.87% |
-99.65% |
88.47% |
-156.14% |
219.14% |
-81.91% |
Invested Capital Q/Q Growth |
|
-29.28% |
-8.91% |
-87.62% |
-24.50% |
-0.10% |
3.26% |
-3.52% |
45.95% |
-24.63% |
-2.02% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
3.15% |
7.69% |
7.17% |
5.07% |
6.06% |
8.59% |
9.26% |
5.22% |
9.10% |
9.69% |
EBIT Margin |
|
1.95% |
11.31% |
6.98% |
4.19% |
4.75% |
7.11% |
7.57% |
3.43% |
7.32% |
7.81% |
Profit (Net Income) Margin |
|
1.37% |
7.59% |
8.16% |
3.17% |
4.04% |
4.60% |
13.37% |
2.71% |
5.83% |
6.40% |
Tax Burden Percent |
|
70.38% |
66.63% |
116.90% |
75.74% |
85.07% |
76.41% |
176.56% |
79.05% |
79.64% |
81.98% |
Interest Burden Percent |
|
100.00% |
100.78% |
100.00% |
100.00% |
100.00% |
84.69% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
29.62% |
33.37% |
-16.90% |
24.26% |
32.61% |
10.15% |
21.83% |
20.95% |
20.36% |
18.02% |
Return on Invested Capital (ROIC) |
|
1.92% |
10.42% |
17.89% |
6.49% |
4.13% |
6.53% |
7.60% |
3.30% |
8.04% |
10.80% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
1.92% |
10.42% |
17.89% |
6.49% |
8.14% |
2.89% |
41.66% |
3.30% |
8.04% |
10.80% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.99% |
2.70% |
7.47% |
3.35% |
3.02% |
1.06% |
16.26% |
2.41% |
6.18% |
4.53% |
Return on Equity (ROE) |
|
2.92% |
13.12% |
25.36% |
9.84% |
7.15% |
7.59% |
23.85% |
5.71% |
14.22% |
15.33% |
Cash Return on Invested Capital (CROIC) |
|
47.31% |
20.07% |
173.52% |
-160.40% |
-3.27% |
0.01% |
14.41% |
-13.69% |
35.58% |
6.54% |
Operating Return on Assets (OROA) |
|
0.65% |
2.82% |
2.60% |
1.47% |
1.07% |
1.53% |
1.96% |
1.04% |
2.42% |
2.70% |
Return on Assets (ROA) |
|
0.46% |
1.89% |
3.04% |
1.11% |
0.91% |
0.99% |
3.47% |
0.83% |
1.93% |
2.21% |
Return on Common Equity (ROCE) |
|
2.92% |
13.12% |
25.36% |
9.79% |
7.11% |
7.57% |
23.84% |
5.71% |
14.22% |
15.33% |
Return on Equity Simple (ROE_SIMPLE) |
|
3.13% |
13.80% |
0.00% |
4.94% |
6.84% |
7.42% |
24.92% |
6.54% |
13.36% |
14.89% |
Net Operating Profit after Tax (NOPAT) |
|
142 |
565 |
520 |
253 |
306 |
519 |
603 |
277 |
643 |
760 |
NOPAT Margin |
|
1.37% |
7.59% |
8.16% |
3.17% |
3.20% |
5.41% |
5.92% |
2.71% |
5.83% |
6.40% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
-4.01% |
3.65% |
-34.07% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
98.05% |
88.69% |
93.02% |
95.81% |
95.25% |
92.89% |
92.43% |
96.57% |
92.68% |
92.19% |
Earnings before Interest and Taxes (EBIT) |
|
201 |
842 |
445 |
334 |
455 |
683 |
771 |
350 |
807 |
927 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
325 |
573 |
456 |
404 |
580 |
825 |
943 |
532 |
1,003 |
1,151 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
0.98 |
1.11 |
0.00 |
0.98 |
1.29 |
1.26 |
1.55 |
1.50 |
1.81 |
2.13 |
Price to Tangible Book Value (P/TBV) |
|
1.30 |
1.50 |
0.00 |
2.30 |
2.64 |
2.82 |
3.90 |
6.43 |
5.32 |
5.57 |
Price to Revenue (P/Rev) |
|
0.43 |
0.61 |
0.75 |
0.63 |
0.76 |
0.78 |
0.83 |
0.62 |
0.79 |
0.92 |
Price to Earnings (P/E) |
|
31.38 |
8.04 |
9.17 |
21.07 |
20.06 |
17.78 |
6.25 |
22.95 |
13.53 |
14.33 |
Dividend Yield |
|
2.03% |
2.55% |
2.43% |
2.84% |
2.02% |
2.00% |
1.79% |
2.28% |
1.71% |
1.39% |
Earnings Yield |
|
3.19% |
12.43% |
10.91% |
4.75% |
4.98% |
5.62% |
16.01% |
4.36% |
7.39% |
6.98% |
Enterprise Value to Invested Capital (EV/IC) |
|
0.76 |
0.89 |
7.39 |
0.81 |
0.97 |
0.92 |
1.13 |
1.06 |
1.33 |
1.55 |
Enterprise Value to Revenue (EV/Rev) |
|
0.42 |
0.62 |
0.75 |
0.72 |
0.78 |
0.79 |
0.85 |
0.95 |
0.83 |
0.94 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
13.28 |
8.00 |
10.44 |
14.29 |
12.88 |
9.16 |
9.16 |
18.19 |
9.11 |
9.71 |
Enterprise Value to EBIT (EV/EBIT) |
|
21.47 |
5.44 |
10.72 |
17.29 |
16.44 |
11.07 |
11.20 |
27.65 |
11.33 |
12.05 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
30.50 |
8.10 |
9.17 |
22.83 |
24.39 |
14.55 |
14.33 |
34.97 |
14.23 |
14.69 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
18.79 |
42.19 |
8.98 |
8.78 |
5.29 |
5.63 |
11.05 |
16.21 |
8.03 |
8.38 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
1.24 |
4.21 |
0.95 |
0.00 |
0.00 |
10,797.76 |
7.55 |
0.00 |
3.22 |
24.26 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.26 |
0.26 |
0.00 |
0.39 |
0.35 |
0.38 |
0.40 |
1.15 |
0.43 |
0.41 |
Long-Term Debt to Equity |
|
0.26 |
0.26 |
0.00 |
0.39 |
0.35 |
0.38 |
0.40 |
0.50 |
0.43 |
0.41 |
Financial Leverage |
|
0.52 |
0.26 |
0.42 |
0.52 |
0.37 |
0.37 |
0.39 |
0.73 |
0.77 |
0.42 |
Leverage Ratio |
|
6.35 |
6.93 |
8.33 |
8.87 |
7.89 |
7.64 |
6.88 |
6.92 |
7.39 |
6.92 |
Compound Leverage Factor |
|
6.35 |
6.98 |
8.33 |
8.87 |
7.89 |
6.47 |
6.88 |
6.92 |
7.39 |
6.92 |
Debt to Total Capital |
|
20.47% |
20.66% |
0.00% |
28.10% |
26.10% |
27.45% |
28.73% |
53.48% |
30.20% |
28.97% |
Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
30.05% |
0.00% |
0.00% |
Long-Term Debt to Total Capital |
|
20.47% |
20.66% |
0.00% |
28.10% |
26.10% |
27.45% |
28.73% |
23.43% |
30.20% |
28.97% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.04% |
0.04% |
0.04% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.31% |
0.38% |
0.04% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
79.53% |
79.34% |
0.00% |
71.56% |
73.48% |
72.47% |
71.27% |
46.52% |
69.80% |
71.03% |
Debt to EBITDA |
|
3.58 |
1.86 |
0.00 |
4.97 |
3.46 |
2.73 |
2.34 |
9.14 |
2.07 |
1.81 |
Net Debt to EBITDA |
|
-0.38 |
0.06 |
0.00 |
1.86 |
0.24 |
0.05 |
0.17 |
6.25 |
0.45 |
0.24 |
Long-Term Debt to EBITDA |
|
3.58 |
1.86 |
0.00 |
4.97 |
3.46 |
2.73 |
2.34 |
4.00 |
2.07 |
1.81 |
Debt to NOPAT |
|
8.23 |
1.89 |
0.00 |
7.94 |
6.55 |
4.34 |
3.65 |
17.58 |
3.24 |
2.74 |
Net Debt to NOPAT |
|
-0.87 |
0.06 |
0.00 |
2.98 |
0.46 |
0.09 |
0.27 |
12.02 |
0.71 |
0.36 |
Long-Term Debt to NOPAT |
|
8.23 |
1.89 |
0.00 |
7.94 |
6.55 |
4.34 |
3.65 |
7.70 |
3.24 |
2.74 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.48% |
0.53% |
0.33% |
0.06% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
3,481 |
1,089 |
5,040 |
-6,243 |
-243 |
0.70 |
1,144 |
-1,147 |
2,843 |
461 |
Operating Cash Flow to CapEx |
|
200.09% |
127.46% |
1,477.44% |
793.12% |
1,281.41% |
1,107.26% |
417.13% |
320.40% |
562.02% |
602.21% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
18.90 |
101.82 |
-62.24 |
0.00 |
0.01 |
0.00 |
-10.59 |
26.32 |
4.30 |
Operating Cash Flow to Interest Expense |
|
0.00 |
1.89 |
10.72 |
6.55 |
0.00 |
12.84 |
0.00 |
5.51 |
10.54 |
12.46 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
0.41 |
9.99 |
5.72 |
0.00 |
11.68 |
0.00 |
3.79 |
8.66 |
10.39 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.34 |
0.25 |
0.37 |
0.35 |
0.22 |
0.22 |
0.26 |
0.30 |
0.33 |
0.35 |
Fixed Asset Turnover |
|
35.85 |
23.19 |
0.00 |
0.00 |
23.16 |
21.82 |
20.22 |
16.90 |
16.57 |
16.34 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
5,689 |
5,165 |
644 |
7,140 |
7,689 |
8,208 |
7,667 |
9,090 |
6,890 |
7,190 |
Invested Capital Turnover |
|
1.40 |
1.37 |
2.19 |
2.04 |
1.29 |
1.21 |
1.28 |
1.22 |
1.38 |
1.69 |
Increase / (Decrease) in Invested Capital |
|
-3,339 |
-524 |
-4,521 |
6,496 |
549 |
519 |
-541 |
1,424 |
-2,200 |
300 |
Enterprise Value (EV) |
|
4,319 |
4,582 |
4,763 |
5,766 |
7,474 |
7,558 |
8,639 |
9,673 |
9,144 |
11,170 |
Market Capitalization |
|
4,443 |
4,547 |
4,763 |
4,989 |
7,302 |
7,507 |
8,477 |
6,349 |
8,691 |
10,895 |
Book Value per Share |
|
$68.71 |
$71.88 |
$0.00 |
$82.33 |
$93.18 |
$101.24 |
$95.90 |
$80.04 |
$91.45 |
$99.57 |
Tangible Book Value per Share |
|
$51.84 |
$53.09 |
($17.05) |
$34.89 |
$45.62 |
$45.32 |
$38.14 |
$18.68 |
$31.06 |
$38.12 |
Total Capital |
|
5,689 |
5,165 |
0.00 |
7,140 |
7,689 |
8,208 |
7,667 |
9,090 |
6,890 |
7,190 |
Total Debt |
|
1,165 |
1,067 |
0.00 |
2,006 |
2,007 |
2,253 |
2,203 |
4,861 |
2,081 |
2,083 |
Total Long-Term Debt |
|
1,165 |
1,067 |
0.00 |
2,006 |
2,007 |
2,253 |
2,203 |
2,130 |
2,081 |
2,083 |
Net Debt |
|
-124 |
35 |
0.00 |
752 |
140 |
45 |
162 |
3,325 |
453 |
275 |
Capital Expenditures (CapEx) |
|
115 |
85 |
36 |
83 |
110 |
121 |
187 |
186 |
203 |
221 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
-80 |
78 |
-759 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
1,165 |
1,067 |
644 |
2,006 |
2,007 |
2,253 |
2,203 |
4,861 |
2,081 |
2,083 |
Total Depreciation and Amortization (D&A) |
|
124 |
-269 |
12 |
70 |
126 |
142 |
172 |
182 |
196 |
224 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$2.08 |
$9.23 |
$9.45 |
$4.00 |
$5.87 |
$7.04 |
$23.13 |
$5.09 |
$12.02 |
$14.55 |
Adjusted Weighted Average Basic Shares Outstanding |
|
68.16M |
61.26M |
54.99M |
59.24M |
61.94M |
60.11M |
59.14M |
54.37M |
53.46M |
52.23M |
Adjusted Diluted Earnings per Share |
|
$2.05 |
$9.13 |
$9.39 |
$3.98 |
$5.84 |
$6.99 |
$22.83 |
$5.05 |
$11.95 |
$14.46 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
69.02M |
61.93M |
55.31M |
59.55M |
62.31M |
63.18M |
60.12M |
54.78M |
53.78M |
52.58M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$5.87 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
64.78M |
55.64M |
52.48M |
61.70M |
59.82M |
57.90M |
55.16M |
52.92M |
51.98M |
50.79M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
142 |
565 |
312 |
253 |
328 |
519 |
619 |
283 |
643 |
760 |
Normalized NOPAT Margin |
|
1.37% |
7.59% |
4.90% |
3.17% |
3.42% |
5.41% |
6.08% |
2.78% |
5.83% |
6.40% |
Pre Tax Income Margin |
|
1.95% |
11.40% |
6.98% |
4.19% |
4.75% |
6.02% |
7.57% |
3.43% |
7.32% |
7.81% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.00 |
14.62 |
8.98 |
3.33 |
0.00 |
6.53 |
0.00 |
3.23 |
7.47 |
8.67 |
NOPAT to Interest Expense |
|
0.00 |
9.82 |
10.50 |
2.52 |
0.00 |
4.97 |
0.00 |
2.55 |
5.95 |
7.10 |
EBIT Less CapEx to Interest Expense |
|
0.00 |
13.14 |
8.25 |
2.50 |
0.00 |
5.37 |
0.00 |
1.51 |
5.60 |
6.60 |
NOPAT Less CapEx to Interest Expense |
|
0.00 |
8.34 |
9.77 |
1.69 |
0.00 |
3.81 |
0.00 |
0.83 |
4.07 |
5.04 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
0.00% |
22.16% |
22.90% |
58.59% |
43.98% |
39.23% |
11.92% |
54.30% |
23.70% |
20.51% |
Augmented Payout Ratio |
|
206.85% |
174.81% |
97.75% |
113.74% |
109.15% |
108.81% |
73.55% |
261.39% |
53.76% |
60.94% |
Quarterly Metrics And Ratios for Assurant
This table displays calculated financial ratios and metrics derived from Assurant's official financial filings.
Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Revenue Growth |
|
-1.61% |
0.03% |
6.45% |
7.76% |
7.82% |
10.43% |
8.98% |
8.15% |
8.03% |
5.99% |
7.73% |
EBITDA Growth |
|
-76.84% |
-29.50% |
-12.27% |
113.14% |
415.38% |
104.06% |
75.97% |
12.68% |
-23.55% |
11.39% |
-30.01% |
EBIT Growth |
|
-95.48% |
-35.93% |
-16.04% |
192.27% |
2,591.76% |
135.31% |
99.12% |
14.00% |
-33.79% |
10.33% |
-37.28% |
NOPAT Growth |
|
-95.17% |
-41.44% |
-23.76% |
199.43% |
2,504.11% |
167.99% |
108.10% |
20.73% |
-29.62% |
10.30% |
-37.99% |
Net Income Growth |
|
-99.17% |
-39.84% |
-23.76% |
199.43% |
2,504.11% |
167.99% |
108.10% |
20.73% |
-29.62% |
10.30% |
-37.99% |
EPS Growth |
|
-99.05% |
-29.95% |
-20.00% |
205.26% |
2,428.57% |
158.78% |
110.85% |
23.45% |
-27.97% |
13.86% |
-36.69% |
Operating Cash Flow Growth |
|
32,495.00% |
8.79% |
151.81% |
7.17% |
-48.99% |
30.86% |
-68.22% |
283.44% |
32.07% |
-71.65% |
375.64% |
Free Cash Flow Firm Growth |
|
1,025.51% |
-306.18% |
-291.41% |
-224.80% |
-257.86% |
275.78% |
96.93% |
193.64% |
171.15% |
-104.13% |
-2,243.49% |
Invested Capital Growth |
|
-21.62% |
18.57% |
26.85% |
38.79% |
46.79% |
-24.20% |
3.19% |
-22.51% |
-19.74% |
4.35% |
15.45% |
Revenue Q/Q Growth |
|
1.52% |
4.12% |
-0.38% |
2.33% |
1.58% |
6.64% |
-4.33% |
1.56% |
1.46% |
4.62% |
-0.99% |
EBITDA Q/Q Growth |
|
-54.83% |
159.10% |
41.35% |
28.84% |
9.22% |
2.58% |
21.90% |
-17.50% |
-25.90% |
49.48% |
-23.42% |
EBIT Q/Q Growth |
|
-87.84% |
1,032.94% |
52.75% |
38.89% |
11.99% |
-0.96% |
29.26% |
-20.48% |
-34.95% |
65.02% |
-26.52% |
NOPAT Q/Q Growth |
|
-86.02% |
832.88% |
66.81% |
37.59% |
21.63% |
-4.00% |
29.53% |
-20.18% |
-29.09% |
50.45% |
-27.17% |
Net Income Q/Q Growth |
|
-86.02% |
832.88% |
66.81% |
37.59% |
21.63% |
-4.00% |
29.53% |
-20.18% |
-29.09% |
50.45% |
-27.17% |
EPS Q/Q Growth |
|
-85.26% |
835.71% |
61.83% |
36.79% |
22.07% |
-4.24% |
31.86% |
-19.91% |
-28.77% |
51.37% |
-26.68% |
Operating Cash Flow Q/Q Growth |
|
274.51% |
-57.23% |
-6.32% |
-28.58% |
78.26% |
9.71% |
-77.25% |
761.70% |
-38.60% |
-76.45% |
281.71% |
Free Cash Flow Firm Q/Q Growth |
|
-10.26% |
-178.56% |
-34.75% |
-31.37% |
-13.52% |
187.47% |
86.32% |
4,104.99% |
-13.74% |
-105.08% |
-1,236.08% |
Invested Capital Q/Q Growth |
|
-5.47% |
45.95% |
0.81% |
-0.22% |
-0.02% |
-24.63% |
-2.34% |
-25.07% |
3.55% |
-2.02% |
51.85% |
Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBITDA Margin |
|
2.09% |
5.21% |
7.39% |
9.30% |
10.00% |
9.62% |
11.93% |
9.69% |
7.08% |
10.11% |
7.82% |
EBIT Margin |
|
0.33% |
3.63% |
5.57% |
7.55% |
8.33% |
7.74% |
10.17% |
7.96% |
5.11% |
8.05% |
5.98% |
Profit (Net Income) Margin |
|
0.29% |
2.57% |
4.30% |
5.78% |
6.92% |
6.23% |
8.21% |
6.45% |
4.51% |
6.48% |
4.77% |
Tax Burden Percent |
|
85.88% |
70.72% |
77.23% |
76.51% |
83.09% |
80.54% |
80.71% |
81.02% |
88.32% |
80.52% |
79.80% |
Interest Burden Percent |
|
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
Effective Tax Rate |
|
14.12% |
29.28% |
22.77% |
23.49% |
16.91% |
19.46% |
19.29% |
18.98% |
11.68% |
19.48% |
20.20% |
Return on Invested Capital (ROIC) |
|
0.41% |
3.12% |
5.43% |
7.75% |
9.68% |
8.60% |
10.02% |
9.21% |
6.46% |
10.94% |
5.66% |
ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.41% |
3.12% |
5.43% |
7.75% |
9.68% |
8.60% |
10.02% |
9.21% |
6.46% |
10.94% |
5.66% |
Return on Net Nonoperating Assets (RNNOA) |
|
0.18% |
2.28% |
4.02% |
5.88% |
7.64% |
6.60% |
10.01% |
6.54% |
4.46% |
4.59% |
5.70% |
Return on Equity (ROE) |
|
0.59% |
5.40% |
9.45% |
13.63% |
17.32% |
15.20% |
20.03% |
15.76% |
10.93% |
15.53% |
11.36% |
Cash Return on Invested Capital (CROIC) |
|
28.83% |
-13.69% |
-20.73% |
-28.10% |
-31.04% |
35.58% |
5.08% |
35.19% |
30.89% |
6.54% |
-7.76% |
Operating Return on Assets (OROA) |
|
0.10% |
1.10% |
1.75% |
2.46% |
2.69% |
2.55% |
3.50% |
2.76% |
1.76% |
2.79% |
2.12% |
Return on Assets (ROA) |
|
0.09% |
0.78% |
1.35% |
1.88% |
2.24% |
2.06% |
2.82% |
2.24% |
1.55% |
2.24% |
1.69% |
Return on Common Equity (ROCE) |
|
0.59% |
5.40% |
9.45% |
13.63% |
17.32% |
15.20% |
20.03% |
15.76% |
10.93% |
15.53% |
11.36% |
Return on Equity Simple (ROE_SIMPLE) |
|
7.85% |
0.00% |
5.49% |
7.70% |
11.76% |
0.00% |
15.55% |
15.94% |
14.11% |
0.00% |
12.81% |
Net Operating Profit after Tax (NOPAT) |
|
7.30 |
68 |
114 |
156 |
190 |
183 |
236 |
189 |
134 |
201 |
147 |
NOPAT Margin |
|
0.29% |
2.57% |
4.30% |
5.78% |
6.92% |
6.23% |
8.21% |
6.45% |
4.51% |
6.48% |
4.77% |
Net Nonoperating Expense Percent (NNEP) |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Operating Expenses to Revenue |
|
99.67% |
96.37% |
94.43% |
92.45% |
91.67% |
92.26% |
89.83% |
92.04% |
94.90% |
91.95% |
94.02% |
Earnings before Interest and Taxes (EBIT) |
|
8.50 |
96 |
147 |
204 |
229 |
227 |
293 |
233 |
152 |
250 |
184 |
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
53 |
138 |
195 |
252 |
275 |
282 |
344 |
283 |
210 |
314 |
240 |
Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Price to Book Value (P/BV) |
|
1.82 |
1.50 |
1.41 |
1.46 |
1.67 |
1.81 |
2.00 |
1.73 |
1.96 |
2.13 |
2.04 |
Price to Tangible Book Value (P/TBV) |
|
8.11 |
6.43 |
5.27 |
5.16 |
5.78 |
5.32 |
5.64 |
4.72 |
4.94 |
5.57 |
5.17 |
Price to Revenue (P/Rev) |
|
0.73 |
0.62 |
0.60 |
0.62 |
0.70 |
0.79 |
0.87 |
0.75 |
0.87 |
0.92 |
0.88 |
Price to Earnings (P/E) |
|
23.21 |
22.95 |
25.73 |
19.01 |
14.18 |
13.53 |
12.88 |
10.83 |
13.89 |
14.33 |
15.89 |
Dividend Yield |
|
1.94% |
2.28% |
2.35% |
2.25% |
1.98% |
1.71% |
1.89% |
1.72% |
1.45% |
1.39% |
1.45% |
Earnings Yield |
|
4.31% |
4.36% |
3.89% |
5.26% |
7.05% |
7.39% |
7.76% |
9.23% |
7.20% |
6.98% |
6.29% |
Enterprise Value to Invested Capital (EV/IC) |
|
1.31 |
1.06 |
1.03 |
1.07 |
1.17 |
1.33 |
1.39 |
1.27 |
1.44 |
1.55 |
1.34 |
Enterprise Value to Revenue (EV/Rev) |
|
0.80 |
0.95 |
0.91 |
0.93 |
1.00 |
0.83 |
1.15 |
0.78 |
0.89 |
0.94 |
1.21 |
Enterprise Value to EBITDA (EV/EBITDA) |
|
13.85 |
18.19 |
18.73 |
15.39 |
12.47 |
9.11 |
11.39 |
7.61 |
9.45 |
9.71 |
14.00 |
Enterprise Value to EBIT (EV/EBIT) |
|
20.22 |
27.65 |
29.36 |
21.53 |
15.84 |
11.33 |
13.77 |
9.18 |
11.69 |
12.05 |
17.93 |
Enterprise Value to NOPAT (EV/NOPAT) |
|
25.15 |
34.97 |
39.18 |
28.44 |
20.29 |
14.23 |
17.13 |
11.30 |
14.26 |
14.69 |
21.88 |
Enterprise Value to Operating Cash Flow (EV/OCF) |
|
14.22 |
16.21 |
6.96 |
7.17 |
10.18 |
8.03 |
13.65 |
6.06 |
6.64 |
8.38 |
8.93 |
Enterprise Value to Free Cash Flow (EV/FCFF) |
|
4.00 |
0.00 |
0.00 |
0.00 |
0.00 |
3.22 |
27.74 |
3.16 |
4.15 |
24.26 |
0.00 |
Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Debt to Equity |
|
0.52 |
1.15 |
1.08 |
1.04 |
1.04 |
0.43 |
0.92 |
0.42 |
0.40 |
0.41 |
1.09 |
Long-Term Debt to Equity |
|
0.52 |
0.50 |
0.48 |
0.47 |
0.46 |
0.43 |
0.42 |
0.42 |
0.40 |
0.41 |
0.40 |
Financial Leverage |
|
0.44 |
0.73 |
0.74 |
0.76 |
0.79 |
0.77 |
1.00 |
0.71 |
0.69 |
0.42 |
1.01 |
Leverage Ratio |
|
6.79 |
6.92 |
7.00 |
7.25 |
7.74 |
7.39 |
7.10 |
7.05 |
7.03 |
6.92 |
6.72 |
Compound Leverage Factor |
|
6.79 |
6.92 |
7.00 |
7.25 |
7.74 |
7.39 |
7.10 |
7.05 |
7.03 |
6.92 |
6.72 |
Debt to Total Capital |
|
34.19% |
53.48% |
52.03% |
50.94% |
50.88% |
30.20% |
47.97% |
29.38% |
28.38% |
28.97% |
52.06% |
Short-Term Debt to Total Capital |
|
0.00% |
30.05% |
28.80% |
27.65% |
28.13% |
0.00% |
25.96% |
0.00% |
0.00% |
0.00% |
32.97% |
Long-Term Debt to Total Capital |
|
34.19% |
23.43% |
23.23% |
23.29% |
22.75% |
30.20% |
22.01% |
29.38% |
28.38% |
28.97% |
19.09% |
Preferred Equity to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Common Equity to Total Capital |
|
65.81% |
46.52% |
47.97% |
49.06% |
49.12% |
69.80% |
52.03% |
70.62% |
71.62% |
71.03% |
47.94% |
Debt to EBITDA |
|
3.61 |
9.14 |
9.45 |
7.30 |
5.41 |
2.07 |
3.94 |
1.76 |
1.86 |
1.81 |
5.42 |
Net Debt to EBITDA |
|
1.19 |
6.25 |
6.43 |
5.10 |
3.75 |
0.45 |
2.83 |
0.31 |
0.24 |
0.24 |
3.83 |
Long-Term Debt to EBITDA |
|
3.61 |
4.00 |
4.22 |
3.34 |
2.42 |
2.07 |
1.81 |
1.76 |
1.86 |
1.81 |
1.99 |
Debt to NOPAT |
|
6.56 |
17.58 |
19.77 |
13.49 |
8.81 |
3.24 |
5.93 |
2.61 |
2.81 |
2.74 |
8.48 |
Net Debt to NOPAT |
|
2.15 |
12.02 |
13.44 |
9.43 |
6.11 |
0.71 |
4.25 |
0.46 |
0.36 |
0.36 |
5.99 |
Long-Term Debt to NOPAT |
|
6.56 |
7.70 |
8.83 |
6.17 |
3.94 |
3.24 |
2.72 |
2.61 |
2.81 |
2.74 |
3.11 |
Noncontrolling Interest Sharing Ratio |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Free Cash Flow to Firm (FCFF) |
|
1,725 |
-1,355 |
-1,826 |
-2,399 |
-2,724 |
2,383 |
-56 |
2,247 |
1,938 |
-98 |
-1,315 |
Operating Cash Flow to CapEx |
|
1,390.34% |
528.82% |
536.36% |
375.30% |
655.75% |
667.77% |
162.40% |
1,283.21% |
926.75% |
151.18% |
734.83% |
Free Cash Flow to Firm to Interest Expense |
|
0.00 |
-12.52 |
0.00 |
-88.21 |
-100.88 |
44.28 |
0.00 |
84.15 |
72.59 |
-1.84 |
-49.06 |
Operating Cash Flow to Interest Expense |
|
0.00 |
2.56 |
0.00 |
6.82 |
12.24 |
6.74 |
0.00 |
26.63 |
16.35 |
1.92 |
14.64 |
Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
2.07 |
0.00 |
5.00 |
10.37 |
5.73 |
0.00 |
24.55 |
14.58 |
0.65 |
12.65 |
Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Asset Turnover |
|
0.30 |
0.30 |
0.31 |
0.33 |
0.32 |
0.33 |
0.34 |
0.35 |
0.34 |
0.35 |
0.35 |
Fixed Asset Turnover |
|
17.78 |
16.90 |
16.48 |
16.86 |
16.77 |
16.57 |
16.51 |
16.85 |
16.79 |
16.34 |
16.21 |
Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Invested Capital |
|
6,228 |
9,090 |
9,164 |
9,144 |
9,142 |
6,890 |
9,457 |
7,086 |
7,338 |
7,190 |
10,918 |
Invested Capital Turnover |
|
1.44 |
1.22 |
1.26 |
1.34 |
1.40 |
1.38 |
1.22 |
1.43 |
1.43 |
1.69 |
1.19 |
Increase / (Decrease) in Invested Capital |
|
-1,718 |
1,424 |
1,940 |
2,556 |
2,914 |
-2,200 |
293 |
-2,058 |
-1,804 |
300 |
1,461 |
Enterprise Value (EV) |
|
8,168 |
9,673 |
9,449 |
9,821 |
10,715 |
9,144 |
13,113 |
9,011 |
10,569 |
11,170 |
14,668 |
Market Capitalization |
|
7,468 |
6,349 |
6,207 |
6,564 |
7,488 |
8,691 |
9,859 |
8,643 |
10,300 |
10,895 |
10,654 |
Book Value per Share |
|
$77.03 |
$80.04 |
$83.08 |
$84.40 |
$84.69 |
$91.45 |
$93.66 |
$96.26 |
$101.47 |
$99.57 |
$103.05 |
Tangible Book Value per Share |
|
$17.30 |
$18.68 |
$22.24 |
$23.92 |
$24.43 |
$31.06 |
$33.29 |
$35.22 |
$40.24 |
$38.12 |
$40.58 |
Total Capital |
|
6,228 |
9,090 |
9,164 |
9,144 |
9,142 |
6,890 |
9,457 |
7,086 |
7,338 |
7,190 |
10,918 |
Total Debt |
|
2,129 |
4,861 |
4,768 |
4,658 |
4,652 |
2,081 |
4,537 |
2,082 |
2,083 |
2,083 |
5,684 |
Total Long-Term Debt |
|
2,129 |
2,130 |
2,129 |
2,129 |
2,080 |
2,081 |
2,081 |
2,082 |
2,083 |
2,083 |
2,084 |
Net Debt |
|
700 |
3,325 |
3,242 |
3,257 |
3,226 |
453 |
3,255 |
369 |
269 |
275 |
4,014 |
Capital Expenditures (CapEx) |
|
47 |
52 |
48 |
49 |
50 |
54 |
51 |
55 |
47 |
68 |
53 |
Net Nonoperating Expense (NNE) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
Net Nonoperating Obligations (NNO) |
|
2,129 |
4,861 |
4,768 |
4,658 |
4,652 |
2,081 |
4,537 |
2,082 |
2,083 |
2,083 |
5,684 |
Total Depreciation and Amortization (D&A) |
|
45 |
42 |
48 |
47 |
46 |
55 |
51 |
51 |
59 |
64 |
57 |
Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Adjusted Basic Earnings per Share |
|
$0.14 |
$1.32 |
$2.12 |
$2.91 |
$3.55 |
$3.44 |
$4.50 |
$3.59 |
$2.56 |
$3.90 |
$2.86 |
Adjusted Weighted Average Basic Shares Outstanding |
|
53.72M |
54.37M |
53.49M |
53.75M |
53.54M |
53.46M |
52.53M |
52.50M |
52.20M |
52.23M |
51.28M |
Adjusted Diluted Earnings per Share |
|
$0.14 |
$1.31 |
$2.12 |
$2.90 |
$3.54 |
$3.39 |
$4.47 |
$3.58 |
$2.55 |
$3.86 |
$2.83 |
Adjusted Weighted Average Diluted Shares Outstanding |
|
54.07M |
54.78M |
53.70M |
53.89M |
53.75M |
53.78M |
52.87M |
52.72M |
52.46M |
52.58M |
51.73M |
Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
52.83M |
52.92M |
53.15M |
53.02M |
52.59M |
51.98M |
51.99M |
51.79M |
51.29M |
50.79M |
50.70M |
Normalized Net Operating Profit after Tax (NOPAT) |
|
7.30 |
68 |
114 |
156 |
190 |
183 |
236 |
189 |
134 |
201 |
147 |
Normalized NOPAT Margin |
|
0.29% |
2.57% |
4.30% |
5.78% |
6.92% |
6.23% |
8.21% |
6.45% |
4.51% |
6.48% |
4.77% |
Pre Tax Income Margin |
|
0.33% |
3.63% |
5.57% |
7.55% |
8.33% |
7.74% |
10.17% |
7.96% |
5.11% |
8.05% |
5.98% |
Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
EBIT to Interest Expense |
|
0.00 |
0.89 |
0.00 |
7.51 |
8.47 |
4.21 |
0.00 |
8.72 |
5.67 |
4.66 |
6.85 |
NOPAT to Interest Expense |
|
0.00 |
0.63 |
0.00 |
5.75 |
7.04 |
3.39 |
0.00 |
7.07 |
5.01 |
3.76 |
5.47 |
EBIT Less CapEx to Interest Expense |
|
0.00 |
0.41 |
0.00 |
5.69 |
6.61 |
3.20 |
0.00 |
6.65 |
3.91 |
3.40 |
4.86 |
NOPAT Less CapEx to Interest Expense |
|
0.00 |
0.15 |
0.00 |
3.93 |
5.17 |
2.38 |
0.00 |
4.99 |
3.25 |
2.49 |
3.48 |
Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
Dividend Payout Ratio |
|
47.19% |
54.30% |
62.11% |
43.70% |
28.65% |
23.70% |
19.95% |
19.17% |
20.68% |
20.51% |
23.78% |
Augmented Payout Ratio |
|
312.22% |
261.39% |
204.23% |
79.61% |
44.23% |
53.76% |
51.21% |
52.14% |
62.91% |
60.94% |
72.34% |
Key Financial Trends
Assurant, Inc. (NYSE:AIZ) has demonstrated a generally solid financial performance over the last four years, with some fluctuations quarterly but an overall positive trend in net income and stable asset management.
Key positive trends and highlights include:
- Net income has shown consistent growth from $68.1 million in Q4 2022 up to $146.6 million in Q1 2025, indicating improving profitability.
- The company maintains strong premium income, with premiums earned rising from $2.26 billion in Q4 2022 to $2.56 billion in Q1 2025, supporting revenue growth.
- Total revenues have increased over time, notably non-interest income reaching above $3 billion in recent quarters, fueled by service charges and realized/unrealized capital gains.
- Operating cash flow has generally been robust, with $392.4 million in net cash from continuing operating activities in Q1 2025, reflecting efficient core operations.
- Equity has grown steadily from about $4.23 billion in Q4 2022 to $5.23 billion by Q1 2025, indicating a strengthened balance sheet and retained earnings growth.
- Earnings per share (diluted) increased from $1.31 in Q4 2022 to $2.83 in Q1 2025, signaling enhanced returns to shareholders despite slight share count fluctuations.
- The company continues dividend payments with an increasing dividend per share, from $0.68 in Q4 2022 to $0.80 in Q1 2025, rewarding shareholders.
- Strong investment in property and equipment, though capital expenditures remain controlled, supporting business infrastructure without significant cash strain.
Neutral observations that warrant monitoring:
- Interest expense related to long-term debt remains stable around $26-27 million quarterly but does weigh on net interest income (which remains negative), reflecting the company's debt servicing costs.
- Unearned premiums liability is substantial at over $20 billion, signifying significant future obligations typical for insurance companies but necessitating ongoing claims management.
- Total assets are steady around $33-35 billion, showing moderate balance sheet growth with fluctuations in trading securities and other assets.
Potential concerns or risks identified:
- Property & liability insurance claims expense is volatile and rose notably in some quarters, such as from $599 million in Q4 2022 to $779 million in Q1 2025, which could impact underwriting profitability.
- Other operating expenses increased to over $2 billion in Q1 2025 from about $1.8 billion in Q4 2022, indicating rising operational costs that may pressure margins.
- Net cash from financing activities often reflects significant outflows due to common stock repurchases and dividend payments; for example, $118.7 million outflow in Q1 2025, which, while shareholder-friendly, could limit cash reserves.
- Accumulated other comprehensive income shows a negative balance increasing slightly, representing unrealized losses which could affect book equity value under certain conditions.
Summary: Assurant demonstrates strong operational performance with rising revenues, improving net income, and shareholder returns through dividends and buybacks. While insurance claims and operating cost increases deserve attention, the company’s robust cash flow and growing equity base support confidence. Debt levels and interest expenses appear manageable but slightly burden net interest income. Investors should watch how Assurant manages claims experience and expense growth going forward.
09/24/25 02:32 AM ETAI Generated. May Contain Errors.