ASSURANT, INC.

10-K & 10-Q Filings

Assurant, Inc. is a Delaware corporation incorporated in 2004 and is a leading global business services company that supports, protects, and connects major consumer purchases. The company operates in North America, Latin America, Europe, and Asia Pacific through two segments: Global Lifestyle and Global Housing. Global Lifestyle provides mobile device solutions, extended service contracts, credit and other insurance products, and vehicle protection services. Global Housing provides lender-placed homeowners, manufactured housing, flood insurance, and renters insurance. The company's vision is to be the leading global business services company supporting the advancement of the connected world. Assurant's financial strength, insights and capabilities, value chain integration, and customer experience create competitive advantages. The company's website is <https://www.assurant.com/> and its ticker symbol is AI.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 2023CAGR %YoY %Revenue (+)
$8272.80
8508.27
9047.66
10381.65
10325.49
7531.78
6415.00
8057.60
10086.80
10094.80
10187.60
10193.00
11131.60
2.50%9.21%Cost of Revenue (-)
$3755.21
3655.40
3675.53
4405.33
4742.53
1808.47
1870.60
2342.60
2654.70
2549.30
2195.70
2359.80
2521.80
-3.26%6.86%Gross Profit (+)
$4517.60
4852.87
5372.12
5976.32
5582.96
5723.31
4544.40
5715.00
7432.10
7545.50
7991.90
7833.20
8609.80
5.52%9.91%Selling, General & Administrative (-)
$2293.70
2631.59
3034.40
3688.23
3924.09
3442.76
2710.40
2980.40
3250.50
3110.00
3240.60
Non-recurring Operating Expenses (-)
$
137.80
7.80
Operating Expenses (-)
$3802.64
4095.12
3034.40
3688.23
3924.09
3442.76
2710.40
2980.40
3250.50
7030.20
3240.60
7.80
Costs & Expenses (Total) (-)
$7557.85
7750.52
6709.94
8093.56
8666.62
5251.23
4581.00
5323.00
5905.20
9579.50
5436.30
2367.60
2521.80
-8.74%6.51%Operating Income/Loss (+)
$714.95
757.75
789.70
744.14
201.18
848.59
444.50
333.50
554.50
515.30
783.00
349.90
806.80
1.01%130.58%Non-operating Income/Expense (+)
$
38.91
60.81
36.85
146.03
31.00
-31.40
107.50
-180.60
-68.60
62.02%Interest Expense (-)
$60.36
60.31
77.73
58.40
55.12
57.62
49.50
100.30
110.60
104.50
111.80
108.30
108.00
4.97%-0.28%Earnings before Tax (+)
$714.96
757.75
789.70
744.14
201.18
848.59
444.50
333.50
554.50
515.30
783.00
349.90
806.80
1.01%130.58%Tax Expense (-)
$169.12
274.05
300.79
273.23
59.63
283.24
-75.10
80.90
167.70
72.60
169.50
73.30
164.30
-0.24%124.15%Income/Loss (Continuing Operations) (+)
$545.84
483.70
488.91
470.91
141.56
565.35
519.60
252.60
386.80
442.70
613.50
276.60
642.50
1.37%132.28%Income/Loss (Discontinued Operations) (+)
$
758.90
Profit/Loss (+)
$
252.60
386.80
442.70
1372.40
276.60
Net Income/Loss (NCI) (-)
$
1.60
4.20
0.90
Net Income/Loss (+)
$545.84
483.70
488.91
470.91
141.56
565.35
519.60
251.00
382.60
441.80
1372.40
276.60
642.50
1.37%132.28%Preferred & Other Distributions (-)
$
14.20
18.70
18.70
4.70
Net Income/Loss (Common) (+)
$545.84
483.70
488.91
470.91
141.56
565.35
519.60
236.80
363.90
423.10
1367.70
276.60
642.50
1.37%132.28%EPS (Basic)
$5.65
5.74
6.38
6.52
2.08
9.23
9.45
4.00
5.87
7.04
23.13
5.09
12.02
6.49%136.15%EPS (Diluted)
$5.58
5.67
6.30
6.44
2.05
9.13
9.39
3.98
5.84
6.99
22.83
5.05
11.95
6.55%136.63%Weighted Avg Shares (Basic)
96.63
84.28
76.65
72.18
68.16
61.26
54.99
59.24
61.94
60.11
59.14
54.37
53.46
-4.81%-1.69%Weighted Avg Shares (Diluted)
97.80
85.31
77.65
73.15
69.02
61.93
55.31
59.55
62.31
63.18
60.12
54.78
53.78
-4.86%-1.82%Cash
$1166.71
909.40
1717.18
1318.66
1288.31
1031.97
996.80
1254.00
1867.10
2228.60
2040.80
1536.70
1627.40
2.81%5.90%Short-term Investments
$441.38
300.93
470.46
345.25
508.95
227.74
284.10
752.00
791.00
737.30
693.50
436.80
481.10
0.72%10.14%Other Assets (Current)
$457.60
570.53
553.57
595.39
500.06
421.36
368.00
Assets (Current)
$2065.69
1780.86
2741.22
2259.29
2297.31
1681.07
1648.90
2006.00
2658.10
2965.90
2734.30
1973.50
2108.50
0.17%6.84%Property, Plant & Equipment (Net)
$242.91
250.80
253.63
277.64
298.41
343.57
347.60
392.50
433.70
493.30
561.40
645.10
685.80
9.03%6.31%Goodwill & Intangibles
$942.93
903.71
1139.20
1223.20
1110.67
1071.27
1206.30
2944.20
2883.60
3285.50
3290.80
3241.90
3175.90
10.65%-2.04%Other Assets
$10087.61
11076.35
11280.49
13165.88
13090.25
14565.27
16501.50
21451.20
22846.70
21406.70
17404.40
17769.20
17659.60
4.78%-0.62%Assets (Non-current)
$11273.44
6141.74
12673.32
14666.73
14499.33
15980.11
18055.40
24787.90
26164.00
25185.50
21256.60
21656.20
21521.30
5.54%-0.62%Assets (Total)
$27115.44
28946.61
29714.69
31562.47
30043.13
29709.13
31843.00
41089.30
44291.20
44649.90
33911.50
33123.80
33635.20
1.81%1.54%Accounts Payable
$1516.46
1514.09
1665.72
2675.51
2049.81
1985.67
2046.30
2187.40
2758.50
2794.90
3032.50
2731.50
2792.70
5.22%2.24%Insurance Liabilities
$13881.50
14809.57
18805.55
19869.04
19919.86
10112.88
21363.50
28033.50
29457.10
30391.90
21053.20
23019.60
23016.90
4.30%-0.01%Securities (Liabilities)
$
95.21
95.99
Debt (Non-current)
$972.28
972.40
1638.12
1171.08
1171.38
1067.02
1068.20
2006.00
2006.90
2252.90
2202.50
2129.90
2080.60
6.55%-2.31%Other Liabilities
$5718.27
6465.18
2676.62
2569.54
2378.11
2422.39
3083.50
3728.50
4386.60
3255.40
1064.80
1014.10
935.50
-14.00%-7.75%Liabilities (Non-current)
$20572.05
22247.15
23215.49
23705.64
23469.35
23625.36
25515.20
33768.00
35850.60
35900.20
25389.30
26163.60
26033.00
1.98%-0.50%Liabilities (Total)
$22088.51
23761.24
24881.21
26381.16
25519.16
25611.03
27561.50
35955.40
38609.10
38695.10
28421.80
28895.10
28825.70
2.24%-0.24%Treasury Stock
$2297.35
2700.06
3098.24
3316.51
3601.16
4470.55
4860.10
4992.40
5267.30
267.40
122.80
122.80
122.80
-21.66%0.00%Retained Earnings
$3742.48
4001.10
4415.88
4809.29
4856.67
5296.68
5697.30
5759.70
5966.40
3548.70
4066.80
3699.30
4028.20
0.61%8.89%AOCI
$554.87
830.40
426.83
555.77
118.55
94.60
234.00
-155.40
411.50
709.80
-150.00
-986.20
-765.00
22.43%Shareholder's Equity
$5026.94
5185.37
4833.48
5181.31
4523.97
4098.10
4281.50
5133.90
5682.10
5954.80
5489.70
4228.70
4809.50
-0.37%13.73%Liabilities & Equity
$27115.44
28946.61
29714.69
31562.47
30043.13
29709.13
31843.00
41089.30
44291.20
44649.90
33911.50
33123.80
33635.20
1.81%1.54%Net Income/Loss
$545.84
483.70
488.91
470.91
141.56
565.35
519.60
251.00
382.60
441.80
1372.40
276.60
642.50
1.37%132.28%Depreciation & Amortization
$129.39
124.39
124.85
132.22
137.10
125.14
115.70
126.90
125.80
144.30
171.60
182.00
196.40
3.54%7.91%Increase/Decrease in Working Capital
$207.68
715.41
-686.71
206.60
322.07
43.21
-10.50
-188.00
-612.60
-358.70
247.20
218.30
-229.70
-205.22%Share-based Compensation
$
50.00
49.35
38.77
41.61
35.50
57.10
55.90
57.90
66.70
62.60
75.10
19.97%Adjustments to Reconcile Net Income
$309.46
195.99
539.15
-76.31
113.02
-430.82
10.80
405.70
1030.80
890.30
-590.70
320.30
495.60
4.00%54.73%Net Cash (Operating)
$855.30
679.70
1027.56
393.82
254.57
134.53
530.40
656.70
1413.40
1342.00
781.70
596.90
1138.10
2.41%90.67%Capital Expenditure
$77.00
56.22
324.19
257.24
78.39
-725.44
165.00
1132.80
114.60
579.80
-1111.60
254.00
202.80
8.40%-20.16%Net Cash (Investing)
$-196.59
-449.88
-392.74
63.89
264.29
725.62
-541.20
-2202.50
-619.80
-735.20
157.60
-262.10
-637.70
-143.30%Increase/Decrease in Debt
$
664.46
-467.33
-123.41
368.00
1778.20
-32.90
243.70
-72.60
-75.90
-225.00
-196.44%Increase/Decrease in Equity
$-533.85
-412.20
-393.01
-215.18
-292.91
-863.05
-388.90
137.10
-271.80
-297.00
-839.30
-572.80
-193.10
66.29%Interest Expenses
$60.24
60.19
70.74
68.88
54.81
56.16
48.10
79.50
103.20
103.60
109.80
108.60
107.40
4.94%-1.10%Dividends Paid
$67.39
69.39
74.13
77.50
94.17
125.35
119.00
148.00
170.00
173.30
162.30
150.20
152.30
7.03%1.40%Net Cash (Financing)
$-636.85
-480.64
196.70
-776.20
-487.13
-1106.19
-26.70
1838.00
-179.20
-264.80
-1089.80
-818.40
-403.90
50.65%Cash Taxes Paid
$218.37
272.87
-51.57
185.68
95.01
193.85
124.30
-43.40
66.50
74.20
378.20
39.50
328.30
3.46%731.14%Effect of Exchange Rate
$-5.67
-6.48
-23.74
-28.13
-56.23
-16.15
2.30
-35.00
-1.30
19.50
-23.30
-34.50
-5.80
83.19%Increase/Decrease in Cash
$16.20
-257.31
807.78
-398.53
-30.35
-256.33
-35.20
257.20
613.10
361.50
-173.80
-518.10
90.70
15.44%117.51%Cash (Beginning)
$1150.52
1166.71
909.40
1717.18
1318.66
1288.31
1032.00
996.80
1254.00
1867.10
2228.60
2054.80
1536.70
2.44%-25.21%Cash (Ending)
$1166.71
909.40
1717.18
1318.66
1288.31
1031.97
996.80
1254.00
1867.10
2228.60
2054.80
1536.70
1627.40
2.81%5.90%NOPAT
$496.58
484.88
488.91
558.45
106.17
654.74
519.60
252.60
488.00
441.10
1161.20
310.40
478.50
-0.31%54.16%Gross Margin %
54.61%
57.04%
59.38%
57.57%
54.07%
75.99%
70.84%
70.93%
73.68%
74.75%
78.45%
76.85%
77.35%
Operating Margin %
8.64%
8.91%
8.73%
7.17%
1.95%
11.27%
6.93%
4.14%
5.50%
5.10%
7.69%
3.43%
7.25%
NOPAT Margin %
6.00%
5.70%
5.40%
5.38%
1.03%
8.69%
8.10%
3.13%
4.84%
4.37%
11.40%
3.05%
4.30%
Net Margin %
6.60%
5.69%
5.40%
4.54%
1.37%
7.51%
8.10%
3.12%
3.79%
4.38%
13.47%
2.71%
5.77%
Tax Rate %
30.54%
36.01%
38.09%
24.95%
47.23%
22.84%
-16.90%
24.26%
11.99%
14.40%
-48.30%
11.29%
40.69%
ROA
1.83%
1.68%
1.65%
1.77%
0.35%
2.20%
1.63%
0.61%
1.10%
0.99%
3.42%
0.94%
1.42%
ROE
9.88%
9.35%
10.12%
10.78%
2.35%
15.98%
12.14%
4.92%
8.59%
7.41%
21.15%
7.34%
9.95%
ROIC
41.88%
42.00%
35.10%
37.21%
7.53%
46.28%
33.44%
7.57%
14.71%
11.67%
30.14%
7.99%
12.39%
Asset Turnover
0.31
0.29
0.30
0.33
0.34
0.25
0.20
0.20
0.23
0.23
0.30
0.31
0.33
Equity Multiplier
5.39
5.58
6.15
6.09
6.64
7.25
7.44
8.00
7.79
7.50
6.18
7.83
6.99
Current Ratio
1.36
1.18
1.65
0.84
1.12
0.85
0.81
0.92
0.96
1.06
0.90
0.72
0.76
Quick Ratio
1.06
0.80
1.31
0.62
0.88
0.63
0.63
0.92
0.96
1.06
0.90
0.72
0.76
Debt/Equity Ratio
0.19
0.19
0.34
0.23
0.26
0.26
0.25
0.39
0.35
0.38
0.40
0.50
0.43
Interest Coverage Ratio
11.87
12.59
11.16
10.80
3.67
15.11
9.24
4.19
5.37
4.97
7.13
3.22
7.51
Dividend Payout Ratio %
13.57%
14.31%
15.16%
13.88%
88.69%
19.14%
22.90%
58.59%
34.84%
39.29%
13.98%
48.39%
31.83%
Total Payout
$661.48
541.78
-126.58
828.88
441.89
1167.96
188.00
-1687.80
577.90
330.20
1184.00
907.50
677.80
0.20%-25.31%Payout Ratio %
133.21%
111.73%
-25.89%
148.42%
416.20%
178.39%
36.18%
-668.17%
118.42%
74.86%
101.96%
292.36%
141.65%