Assurant Inc. (AIZ) Financial Statements (2024 and earlier)

Company Profile

Business Address 260 INTERSTATE NORTH CIRCLE S.E.
ATLANTA, GA 30339
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6399 - Insurance Carriers, Not Elsewhere Classified (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

6/30/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,1091,9742,7342,9662,2702,006
Cash and cash equivalents1,6271,5372,0412,2291,8671,254
Short-term investments481437694737403752
Total current assets:2,1091,9742,7342,9662,2702,006
Noncurrent Assets
Operating lease, right-of-use asset 23304867 
Property, plant and equipment686645561493434393
Intangible assets, net (including goodwill)3,1763,2423,2913,2862,8842,944
Goodwill2,6092,6032,5722,5892,3432,322
Intangible assets, net (excluding goodwill)567639719696540622
Total noncurrent assets:3,8853,9173,9003,8463,3173,337
Other undisclosed assets27,64227,23427,27737,83838,70435,747
TOTAL ASSETS:33,63533,12433,91244,65044,29141,089
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities28,82628,89528,42238,69538,60935,955
Total liabilities:28,82628,89528,42238,69538,60935,955
Equity
Equity, attributable to parent4,8104,2295,4905,9515,6535,112
Preferred stock    333
Common stock111122
Treasury stock, value(123)(123)(123)(267)(5,267)(4,992)
Additional paid in capital1,6691,6381,6951,9574,5384,496
Accumulated other comprehensive income (loss)(765)(986)(150)710412(155)
Retained earnings4,0283,6994,0673,5495,9665,760
Equity, attributable to noncontrolling interest    32922
Total equity:4,8104,2295,4905,9555,6825,134
TOTAL LIABILITIES AND EQUITY:33,63533,12433,91244,65044,29141,089

Income Statement (P&L) ($ in millions)

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues11,13210,19310,18810,09510,0878,058
Premiums earned, net9,3888,7658,5728,3438,0206,157
Other income1,3231,2431,1731,1831,3111,308
Cost of revenue(2,522)(2,360)(2,196)(6,222)(5,964)(4,643)
Policyholder benefits and claims incurred, net(2,522)(2,360)(2,196)(2,549)(2,655)(2,343)
Present value of future insurance profits, amortization expense    (842)(1,127)(825)
Deferred policy acquisition costs, amortization expense    (2,831)(2,182)(1,476)
Gross profit:8,6107,8337,9923,8734,1223,414
Operating expenses  (8)(3,241)(3,344)(3,353)(3,110)
Operating income:8,6107,8254,751529769304
Interest and debt expense(108)(109)(133)(105)(142)(100)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes    91(73)130
Income from continuing operations before equity method investments, income taxes:8,5027,7164,619515555334
Other undisclosed loss from continuing operations before income taxes(7,695)(7,366)(3,836)   
Income from continuing operations before income taxes:807350783515555334
Income tax expense(164)(73)(170)(73)(168)(81)
Income from continuing operations:643277614443387253
Income before gain (loss) on sale of properties:1,372443387253
Income from discontinued operations   759   
Net income:6432771,372443387253
Net loss attributable to noncontrolling interest    (1)(4)(2)
Net income attributable to parent:6432771,372442383251
Preferred stock dividends and other adjustments   (5)(19)(19)(14)
Net income available to common stockholders, diluted:6432771,368423364237

Comprehensive Income ($ in millions)

6/30/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income:6432771,372443387253
Other comprehensive income (loss)221(836)(860)298567(438)
Comprehensive income (loss):864(560)513741954(185)
Comprehensive loss, net of tax, attributable to noncontrolling interest    (1)(4)(2)
Other undisclosed comprehensive loss, net of tax, attributable to parent      
Comprehensive income (loss), net of tax, attributable to parent:864(560)513740950(187)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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