Assurant (AIZ) financial statements
Assurant reported revenue of $12.8B in fiscal 2025, up 6.1% a year over 9 years.
Net income was $873M and the operating margin 8.5%, against 11.3% in 2016.
Free cash flow was $1.6B, and the company returned $168M in dividends and $304M in net buybacks.
The diluted share count fell 18% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Assurant's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $7.5B | $6.4B | $8.1B | $9.6B | $9.6B | $10.2B | $10.2B | $11.1B | $11.9B | $12.8B |
| Selling, general and admin | $3.4B | $2.7B | $3.0B | $3.2B | $3.0B | $3.2B | — | — | — | — |
| Operating income | $849M | $444M | $334M | $455M | $578M | $771M | $350M | $807M | $927M | $1.1B |
| Interest expense | $58M | $50M | $100M | $111M | $104M | $112M | $108M | $108M | $107M | $110M |
| Pre-tax income | $849M | $444M | $334M | $455M | $578M | $771M | $350M | $807M | $927M | $1.1B |
| Income tax | $283M | -$75M | $81M | $148M | $59M | $168M | $73M | $164M | $167M | $215M |
| Net income | $565M | $520M | $251M | $383M | $441M | $1.4B | $277M | $642M | $760M | $873M |
| EPS (diluted) | $9.13 | $9.39 | $3.98 | $5.84 | $6.98 | $22.66 | $5.05 | $11.95 | $14.46 | $16.93 |
| Diluted shares | 62M | 55M | 60M | 62M | 63M | 60M | 55M | 53M | 52M | 51M |
| Operating margin | 11.3% | 6.9% | 4.1% | 4.8% | 6.0% | 7.6% | 3.4% | 7.2% | 7.8% | 8.5% |
| Net margin | 7.5% | 8.1% | 3.1% | 4.0% | 4.6% | 13.4% | 2.7% | 5.8% | 6.4% | 6.8% |
Balance sheet
Fiscal years, from Assurant's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.0B | $997M | $1.6B | $2.3B | $2.2B | $2.0B | $1.5B | $1.6B | $1.8B | $1.8B |
| Receivables | $1.1B | $1.1B | $1.6B | $1.6B | $1.5B | $1.9B | $2.3B | $2.2B | $2.0B | $1.9B |
| Property, plant and equipment | $344M | $348M | $392M | $434M | $446M | $561M | $645M | $686M | $768M | $842M |
| Goodwill | $831M | $918M | $2.3B | $2.2B | $2.6B | $2.6B | $2.6B | $2.6B | $2.6B | $2.6B |
| Total assets | $29.7B | $31.8B | $41.1B | $44.3B | $44.6B | $33.9B | $33.1B | $33.6B | $35.0B | $36.3B |
| Total liabilities | $25.6B | $27.6B | $36.0B | $38.6B | $38.7B | $28.5B | $28.9B | $28.8B | $29.9B | $30.4B |
| Shareholders' equity | $4.1B | $4.3B | $5.1B | $5.7B | $6.0B | $5.5B | $4.2B | $4.8B | $5.1B | $5.9B |
| Net debt | -$1.0B | -$997M | -$1.3B | -$1.9B | -$2.2B | -$2.0B | -$1.5B | -$1.6B | -$1.8B | -$1.8B |
Cash flow
Fiscal years, from Assurant's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $109M | $530M | $657M | $1.4B | $1.3B | $782M | $597M | $1.1B | $1.3B | $1.8B |
| Capital spending | $85M | $62M | $83M | $110M | $121M | $187M | $186M | $202M | $221M | $236M |
| Free cash flow | $23M | $468M | $574M | $1.3B | $1.2B | $594M | $411M | $936M | $1.1B | $1.6B |
| Stock-based compensation | $42M | $36M | $57M | $56M | $58M | $67M | $63M | $75M | $81M | $86M |
| Dividends paid | $125M | $119M | $134M | $151M | $155M | $158M | $150M | $152M | $156M | $168M |
| Share buybacks (net) | -$863M | -$389M | -$139M | -$272M | -$297M | -$839M | -$573M | -$193M | -$307M | -$304M |
| Net borrowing | -$123M | $0 | $936M | -$33M | $244M | -$73M | -$76M | -$225M | $0 | -$176M |
| Free cash flow margin | 0.3% | 7.3% | 7.1% | 13.6% | 12.7% | 5.8% | 4.0% | 8.4% | 9.4% | 12.5% |
| Dividends per share | $2.02 | $2.15 | $2.25 | $2.43 | $2.45 | $2.62 | $2.74 | $2.86 | $3.00 | $3.30 |
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Open AIZ in InvestinglyQuestions
What was Assurant's revenue in 2025?
$12.8B in fiscal 2025, from its 10-K filing.
How much free cash flow does Assurant generate?
$1.6B in fiscal 2025 (operating cash flow minus capital spending).
From Assurant's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.