Assurant, Inc. (AIZ) financial statements (2020 and earlier)

Company profile

Business Address 28 LIBERTY STREET
NEW YORK, NY 10005
State of Incorp. DE
Fiscal Year End December 31
SIC 6321 - Accident and Health Insurance (benchmarking)
More info Complete financial analysis Financial benchmarking

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,4222,0061,2811,2601,7971,6642,188
Cash and cash equivalents1,7491,2549971,0321,2881,3191,717
Short-term investments673752284228509345470
Total current assets:2,4222,0061,2811,2601,7971,6642,188
Noncurrent Assets
Property, plant and equipment419393348344298278254
Intangible assets, net (including goodwill)2,8792,9441,2061,0711,1111,2231,139
Goodwill2,3312,322918831834841785
Intangible assets, net (excluding goodwill)548622289240277382355
Total noncurrent assets:3,2983,3371,5541,4151,4091,5011,393
Other undisclosed assets38,03235,74729,00827,03526,83728,39826,134
TOTAL ASSETS:43,75241,08931,84329,70930,04331,56229,715
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities38,06135,95527,56225,61125,51926,38124,881
Total liabilities:38,06135,95527,56225,61125,51926,38124,881
Stockholders' equity
Stockholders' equity attributable to parent5,6595,1124,2714,0984,5245,1814,833
Preferred stock33     
Common stock2222111
Treasury stock, value(5,159)(4,992)(4,860)(4,471)(3,601)(3,317)(3,098)
Additional paid in capital4,5254,4963,1983,1763,1483,1313,088
Accumulated other comprehensive income (loss)405(155)23495119556427
Retained earnings5,8835,7605,6975,2974,8574,8094,416
Stockholders' equity attributable to noncontrolling interest322211    
Total stockholders' equity:5,6905,1344,2824,0984,5245,1814,833
TOTAL LIABILITIES AND EQUITY:43,75241,08931,84329,70930,04331,56229,715

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues9,7978,0586,4157,53210,32510,3829,048
Premiums earned, net5,9536,157
Financial services revenue4,4045,0078,3518,6327,760
Other income9601,3081,3831,422 
Cost of revenue(5,064)(4,643)(3,211)(3,160)(6,145)(5,891)(3,676)
Policyholder benefits and claims incurred, net(2,007)(2,343)
Present value of future insurance profits, amortization expense (825)(8)  
Deferred policy acquisition costs, amortization expense (1,476)(1,332)(1,342)(1,394)(1,478)1,462
Financial services costs(1,871)(1,808)(4,743)(4,405)(3,676)
Gross profit:4,7333,4143,2044,3724,1804,4915,372
Operating expenses(3,278)(3,110)(2,783)(3,535)(4,103)(3,743)(3,034)
Operating income:1,455304422837777482,338
Nonoperating income
(Investment Income, Nonoperating)
  30162331310
Interest and debt expense(143)(100)(50)(81)(55)(58)(79)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes13013042(70)14642(1,479)
Income from continuing operations before equity method investments, income taxes:1,442334445849201744790
Other undisclosed loss from continuing operations before income taxes(1,024)      
Income from continuing operations before income taxes:419334445849201744790
Income tax expense (benefit)(134)(81)75(283)(60)(273)(301)
Other undisclosed loss from continuing operations  (536)    
Net income (loss):285253(17)565142471489
Net loss attributable to noncontrolling interest(3)(2)     
Other undisclosed net income (loss) attributable to parent(2) 536    
Net income attributable to parent:280251520565142471489
Preferred stock dividends and other adjustments(19)(14)     
Net income available to common stockholders, diluted:261237520565142471489

Comprehensive Income ($ in millions)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):285253(17)565142471489
Other comprehensive income (loss)503(438)139(24)(437)129(404)
Comprehensive income (loss):788(185)123541(296)60085
Comprehensive loss, net of tax, attributable to noncontrolling interest(3)(2)     
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(2) 536    
Comprehensive income (loss), net of tax, attributable to parent:783(187)659541(296)60085

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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