Below are the financial statements of Assurant, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
All figures in millions of USD | 2024 | 2023 |
---|---|---|
Investments | — | — |
Fixed maturity securities available for sale, at fair value (amortized cost - $7,524.8 and $7,292.4 at december 31, 2024 and 2023, respectively) | 7,175.1a | 6,912.1a |
Equity securities at fair value | 208.5a | 223a |
Commercial mortgage loans on real estate, at amortized cost (net of allowances for credit losses of $6.5 and $4.0 at december 31, 2024 and 2023, respectively) | 342.5a | 328.7a |
Short-term investments | 281.6a | 258.1a |
Other investments | 536.8a | 499a |
Total investments | 8,544.5a | 8,220.9a |
Assets | — | — |
Cash and cash equivalents | 1,807.7a | 1,627.4a |
Premiums and accounts receivable (net of allowances for credit losses of $7.2 and $9.0 at december 31, 2024 and 2023, respectively) | 2,054a | 2,265.6a |
Reinsurance recoverables (net of allowances for credit losses of $5.0 and $4.8 at december 31, 2024 and 2023, respectively) | 7,579.5a | 6,649.2a |
Accrued investment income | 130.5a | 97a |
Deferred acquisition costs | 9,992.8a | 9,967.2a |
Property and equipment, net | 768.3a | 685.8a |
Goodwill | 2,616a | 2,608.8a |
Value of business acquired | 8a | 83.9a |
Other intangible assets, net | 535.6a | 567.1a |
Other assets (net of allowances for credit losses of $0.6 and $0.7 at december 31, 2024 and 2023, respectively) | 983.7a | 862.3a |
Total assets | 35,020.6a | 33,635.2a |
Liabilities | — | — |
Future policy benefits and expenses | 536.7a | 487.2a |
Unearned premiums | 20,211.4a | 20,110.4a |
Claims and benefits payable | 2,914.2a | 1,989.2a |
Commissions payable | 559.6a | 542.8a |
Reinsurance balances payable | 493.2a | 430.1a |
Funds held under reinsurance | 277.7a | 392.7a |
Accounts payable and other liabilities (including allowances for credit losses of $1.4 and $8.3 at december 31, 2024 and 2023) | 2,838a | 2,792.7a |
Debt | 2,083.1a | 2,080.6a |
Total liabilities | 29,913.9a | 28,825.7a |
Stockholders’ equity | — | — |
Common stock, par value $0.01 per share, 800,000,000 shares authorized, 53,129,838 and 54,252,083 shares issued and 50,833,749 and 51,955,994 shares outstanding at december 31, 2024 and 2023, respectively | 0.5a | 0.6a |
Additional paid-in capital | 1,686.8a | 1,668.5a |
Retained earnings | 4,378.3a | 4,028.2a |
Accumulated other comprehensive loss | -836.1a | -765a |
Treasury stock, at cost; 2,296,089 shares at december 31, 2024 and 2023 | -122.8a | -122.8a |
Total equity | 5,106.7a | 4,809.5a |
Total liabilities and equity | 35,020.6a | 33,635.2a |
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