Assurant, Inc. (AIZ) financial statements (2021 and earlier)

Company profile

Business Address 28 LIBERTY STREET
NEW YORK, NY 10005
State of Incorp. DE
Fiscal Year End December 31
SIC 6399 - Insurance Carriers, Not Elsewhere Classified (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,9662,2702,0061,2811,2601,7971,664
Cash and cash equivalents2,2291,8671,2549971,0321,2881,319
Short-term investments737403752284228509345
Total current assets:2,9662,2702,0061,2811,2601,7971,664
Noncurrent Assets
Operating lease, right-of-use asset67 
Property, plant and equipment493434393348344298278
Intangible assets, net (including goodwill)3,2862,8842,9441,2061,0711,1111,223
Goodwill2,5892,3432,322918831834841
Intangible assets, net (excluding goodwill)696540622289240277382
Total noncurrent assets:3,8463,3173,3371,5541,4151,4091,501
Other undisclosed assets37,83838,70435,74729,00827,03526,83728,398
TOTAL ASSETS:44,65044,29141,08931,84329,70930,04331,562
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities38,69538,60935,95527,56225,61125,51926,381
Total liabilities:38,69538,60935,95527,56225,61125,51926,381
Stockholders' equity
Stockholders' equity attributable to parent5,9515,6535,1124,2714,0984,5245,181
Preferred stock333    
Common stock1222211
Treasury stock, value(267)(5,267)(4,992)(4,860)(4,471)(3,601)(3,317)
Additional paid in capital1,9574,5384,4963,1983,1763,1483,131
Accumulated other comprehensive income (loss)710412(155)23495119556
Retained earnings3,5495,9665,7605,6975,2974,8574,809
Stockholders' equity attributable to noncontrolling interest3292211   
Total stockholders' equity:5,9555,6825,1344,2824,0984,5245,181
TOTAL LIABILITIES AND EQUITY:44,65044,29141,08931,84329,70930,04331,562

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues10,09510,0878,0586,4157,53210,32510,382
Premiums earned, net8,3438,0206,157
Financial services revenue4,4045,0078,3518,632
Other income1,1831,3111,3081,3831,422 
Cost of revenue(6,222)(5,964)(4,643)(3,211)(3,160)(6,145)(5,891)
Policyholder benefits and claims incurred, net(2,549)(2,655)(2,343)
Present value of future insurance profits, amortization expense(842)(1,127)(825)(8)  
Deferred policy acquisition costs, amortization expense(2,831)(2,182)(1,476)(1,332)(1,342)(1,394)(1,478)
Financial services costs(1,871)(1,808)(4,743)(4,405)
Gross profit:3,8734,1223,4143,2044,3724,1804,491
Operating expenses(3,344)(3,353)(3,110)(2,783)(3,535)(4,103)(3,743)
Operating income:52976930442283777748
Nonoperating income
(Investment Income, Nonoperating)
   301623313
Interest and debt expense(105)(142)(100)(50)(81)(55)(58)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes91(73)13042(70)14642
Income from continuing operations before income taxes:515555334445849201744
Income tax expense (benefit)(73)(168)(81)75(283)(60)(273)
Other undisclosed loss from continuing operations   (536)   
Net income (loss):443387253(17)565142471
Net loss attributable to noncontrolling interest(1)(4)(2)    
Other undisclosed net income attributable to parent   536   
Net income attributable to parent:442383251520565142471
Preferred stock dividends and other adjustments(19)(19)(14)    
Net income available to common stockholders, diluted:423364237520565142471

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):443387253(17)565142471
Other comprehensive income (loss)298567(438)139(24)(437)129
Comprehensive income (loss):741954(185)123541(296)600
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(4)(2)    
Other undisclosed comprehensive income, net of tax, attributable to parent   536   
Comprehensive income (loss), net of tax, attributable to parent:740950(187)659541(296)600

Statements sources

The financial statements are based on the company's filings with the 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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