Assurant, Inc. (AIZ) financial statements (2022 and earlier)

Company profile

Business Address 55 BROADWAY
NEW YORK, NY 10006
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,7342,9662,2702,0061,2811,2601,797
Cash and cash equivalents2,0412,2291,8671,2549971,0321,288
Short-term investments694737403752284228509
Total current assets:2,7342,9662,2702,0061,2811,2601,797
Noncurrent Assets
Operating lease, right-of-use asset4867 
Property, plant and equipment561493434393348344298
Intangible assets, net (including goodwill)3,2913,2862,8842,9441,2061,0711,111
Goodwill2,5722,5892,3432,322918831834
Intangible assets, net (excluding goodwill)719696540622289240277
Total noncurrent assets:3,9003,8463,3173,3371,5541,4151,409
Other undisclosed assets27,27737,83838,70435,74729,00827,03526,837
TOTAL ASSETS:33,91244,65044,29141,08931,84329,70930,043
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities28,42238,69538,60935,95527,56225,61125,519
Total liabilities:28,42238,69538,60935,95527,56225,61125,519
Stockholders' equity
Stockholders' equity attributable to parent5,4905,9515,6535,1124,2714,0984,524
Preferred stock 333   
Common stock1122221
Treasury stock, value(123)(267)(5,267)(4,992)(4,860)(4,471)(3,601)
Additional paid in capital1,6951,9574,5384,4963,1983,1763,148
Accumulated other comprehensive income (loss)(150)710412(155)23495119
Retained earnings4,0673,5495,9665,7605,6975,2974,857
Stockholders' equity attributable to noncontrolling interest 3292211  
Total stockholders' equity:5,4905,9555,6825,1344,2824,0984,524
TOTAL LIABILITIES AND EQUITY:33,91244,65044,29141,08931,84329,70930,043

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues10,18810,09510,0878,0586,4157,53210,325
Premiums earned, net8,5728,3438,0206,157
Financial services revenue4,4045,0078,351
Other income1,1731,1831,3111,3081,3831,422 
Cost of revenue(2,196)(6,222)(5,964)(4,643)(3,211)(3,160)(6,145)
Policyholder benefits and claims incurred, net(2,196)(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)
Financial services costs(1,871)(1,808)(4,743)
Gross profit:7,9923,8734,1223,4143,2044,3724,180
Operating expenses(3,241)(3,344)(3,353)(3,110)(2,783)(3,535)(4,103)
Operating income:4,75152976930442283777
Nonoperating income
(Investment Income, Nonoperating)
    3016233
Interest and debt expense(133)(105)(142)(100)(50)(81)(55)
Other undisclosed income (loss) from continuing operations before equity method investments, income taxes 91(73)13042(70)146
Income from continuing operations before equity method investments, income taxes:4,619515555334445849201
Other undisclosed loss from continuing operations before income taxes(3,836)      
Income from continuing operations before income taxes:783515555334445849201
Income tax expense (benefit)(170)(73)(168)(81)75(283)(60)
Other undisclosed loss from continuing operations    (536)  
Income (loss) from continuing operations:614443387253(17)565142
Income from discontinued operations759      
Net income (loss):1,372443387253(17)565142
Net loss attributable to noncontrolling interest (1)(4)(2)   
Other undisclosed net income attributable to parent    536  
Net income attributable to parent:1,372442383251520565142
Preferred stock dividends and other adjustments(5)(19)(19)(14)   
Net income available to common stockholders, diluted:1,368423364237520565142

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):1,372443387253(17)565142
Other comprehensive income (loss)(860)298567(438)139(24)(437)
Comprehensive income (loss):513741954(185)123541(296)
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:513740950(187)659541(296)

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.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: