Assurant
AIZ · NYSEInsurance Carriers, NEC · Fiscal year ends Dec 31
Assurant reported revenue of $12.8B in the fiscal year ended Dec 2025, up 7.9% from the year before. Net income was $873M. Operating cash flow of $1.8B less capital expenditure of $236M left free cash flow of $1.6B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $10.2B | $10.2B | $11.1B | $11.9B | $12.8B |
| Selling, general & admin | $3.2B | – | – | – | – |
| Interest expense | $112M | $108M | $108M | $107M | $110M |
| Pre-tax income | $771M | $350M | $807M | $927M | $1.1B |
| Income tax | $168M | $73M | $164M | $167M | $215M |
| Net income | $1.4B | $277M | $643M | $760M | $873M |
| Diluted EPS | 22.66 | 5.05 | 11.95 | 14.46 | 16.93 |
| Diluted shares | 60M | 55M | 53M | 52M | 51M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $2B | $1.5B | $1.6B | $1.8B | $1.8B |
| Net PP&E | $561M | $645M | $686M | $768M | $842M |
| Goodwill | $2.6B | $2.6B | $2.6B | $2.6B | $2.6B |
| Total assets | $33.9B | $33.1B | $33.6B | $35B | $36.3B |
| Deferred revenue | $192M | – | – | – | – |
| Total liabilities | $28.5B | $28.9B | $28.8B | $29.9B | $30.4B |
| Shareholders' equity | $5.5B | $4.2B | $4.8B | $5.1B | $5.9B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $782M | $597M | $1.1B | $1.3B | $1.8B |
| Capital expenditure | $187M | $186M | $203M | $221M | $236M |
| Free cash flow | $594M | $411M | $936M | $1.1B | $1.6B |
| Depreciation & amortisation | $172M | $182M | $196M | $224M | $250M |
| Stock-based compensation | $67M | $63M | $75M | $81M | $86M |
| Acquisitions | $17M | $73M | $300,000 | $13M | $24M |
| Share buybacks | $839M | $573M | $193M | $307M | $304M |
| Dividends paid | $158M | $150M | $152M | $156M | $168M |
| Dividend per share | 2.66 | 2.74 | 2.82 | 2.96 | 3.28 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 0.1% | 9.2% | 6.7% | 7.9% |
| EPS growth (YoY) | – | −77.7% | 136.6% | 21.0% | 17.1% |
| Net margin | 13.4% | 2.7% | 5.8% | 6.4% | 6.8% |
| Return on equityBlank when equity is negative | 24.9% | 6.5% | 13.4% | 14.9% | 14.9% |
| Free cash flow margin | 5.8% | 4.0% | 8.4% | 9.4% | 12.5% |
| Cash conversion (CFO ÷ net income) | 0.57x | 2.16x | 1.77x | 1.75x | 2.10x |
Recent filings
More in Insurance Carriers, Nec
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.