Assurant Financials
This page shows Assurant (AIZ) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Assurant's revenue grew 6.7% year-over-year to $11.9B, a solid pace of expansion. This earns a growth score of 48/100.
Assurant has elevated debt relative to equity (D/E of 5.86), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Assurant has a free cash flow margin of 9.4%, earning a moderate score of 47/100. The company generates positive cash flow after capital investments, but with room for improvement.
Assurant's ROE of 14.9% shows moderate profitability relative to equity, earning a score of 60/100. This is up from 13.4% the prior year.
Assurant passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Assurant generates $1.75 in operating cash flow ($1.3B OCF vs $760.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Assurant generated $11.9B in revenue in fiscal year 2024. This represents an increase of 6.7% from the prior year.
Assurant generated $1.1B in free cash flow in fiscal year 2024, representing cash available after capex. This represents an increase of 18.8% from the prior year.
Assurant reported $760.2M in net income in fiscal year 2024. This represents an increase of 18.3% from the prior year.
Assurant earned $14.46 per diluted share (EPS) in fiscal year 2024. This represents an increase of 21.0% from the prior year.
Assurant held $1.8B in cash against $0 in long-term debt as of fiscal year 2024.
Assurant paid $2.96 per share in dividends in fiscal year 2024. This represents an increase of 5.0% from the prior year.
Assurant had 51M shares outstanding in fiscal year 2024. This represents a decrease of 2.3% from the prior year.
Assurant's net profit margin was 6.4% in fiscal year 2024, showing the share of revenue converted to profit. This is up 0.6 percentage points from the prior year.
Assurant's ROE was 14.9% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 1.5 percentage points from the prior year.
Assurant spent $307.4M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents an increase of 59.2% from the prior year.
Assurant invested $221.3M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 9.3% from the prior year.
AIZ Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.2B+2.3% | $3.2B+2.7% | $3.1B-1.0% | $3.1B+6.2% | $2.9B+1.6% | $2.9B-3.5% | $3.0B+7.5% | $2.8B |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Income | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Interest Expense | $27.9M+4.5% | $26.7M-0.4% | $26.8M0.0% | $26.8M+0.4% | $26.7M-0.4% | $26.8M0.0% | $26.8M-0.7% | $27.0M |
| Income Tax | $65.6M+22.2% | $53.7M+44.7% | $37.1M-23.8% | $48.7M+10.2% | $44.2M-21.8% | $56.5M+28.1% | $44.1M+14.0% | $38.7M |
| Net Income | $265.6M+12.9% | $235.3M+60.5% | $146.6M-27.2% | $201.3M+6.7% | $188.7M-20.2% | $236.4M+29.5% | $182.5M-4.0% | $190.1M |
| EPS (Diluted) | $5.17+13.4% | $4.56+61.1% | $2.83-26.7% | $3.86+7.8% | $3.58-19.9% | $4.47+31.9% | $3.39-4.2% | $3.54 |
AIZ Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $35.8B+0.7% | $35.5B+1.5% | $35.0B-0.1% | $35.0B+3.7% | $33.8B+1.6% | $33.2B-1.2% | $33.6B+1.3% | $33.2B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $1.7B+15.2% | $1.5B-11.0% | $1.7B-7.6% | $1.8B+5.5% | $1.7B+33.6% | $1.3B-21.2% | $1.6B+14.2% | $1.4B |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $2.6B+0.7% | $2.6B+0.4% | $2.6B+0.2% | $2.6B-0.1% | $2.6B+0.4% | $2.6B0.0% | $2.6B+0.1% | $2.6B |
| Total Liabilities | $30.0B0.0% | $30.0B+0.9% | $29.8B-0.5% | $29.9B+4.0% | $28.8B+1.6% | $28.3B-1.8% | $28.8B+0.4% | $28.7B |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $5.8B+4.7% | $5.5B+5.0% | $5.2B+2.5% | $5.1B+2.0% | $5.0B+1.7% | $4.9B+2.3% | $4.8B+7.1% | $4.5B |
| Retained Earnings | $4.7B+3.4% | $4.6B+3.2% | $4.4B+1.2% | $4.4B+1.6% | $4.3B+2.8% | $4.2B+4.1% | $4.0B+0.9% | $4.0B |
AIZ Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $505.0M+90.2% | $265.5M-32.3% | $392.4M+281.7% | $102.8M-85.5% | $710.9M+761.7% | $82.5M-77.2% | $362.6M+9.7% | $330.5M |
| Capital Expenditures | $62.9M+5.0% | $59.9M+12.2% | $53.4M-21.5% | $68.0M+22.7% | $55.4M+9.1% | $50.8M-6.4% | $54.3M+7.7% | $50.4M |
| Free Cash Flow | $442.1M+115.0% | $205.6M-39.4% | $339.0M+874.1% | $34.8M-94.7% | $655.5M+1967.8% | $31.7M-89.7% | $308.3M+10.1% | $280.1M |
| Investing Cash Flow | -$269.5M+25.7% | -$362.9M+13.9% | -$421.6M-693.8% | $71.0M+136.7% | -$193.4M+41.1% | -$328.2M-10687.1% | $3.1M+102.0% | -$157.0M |
| Financing Cash Flow | -$5.0M+95.2% | -$104.3M+12.1% | -$118.7M+25.7% | -$159.7M-97.6% | -$80.8M+16.0% | -$96.2M+40.6% | -$162.0M-14.5% | -$141.5M |
| Dividends Paid | $40.6M-4.9% | $42.7M+4.4% | $40.9M-0.5% | $41.1M+3.0% | $39.9M+6.7% | $37.4M-2.9% | $38.5M+3.8% | $37.1M |
| Share Buybacks | $81.8M+29.2% | $63.3M-1.6% | $64.3M-46.6% | $120.3M+189.2% | $41.6M-9.8% | $46.1M-63.4% | $126.0M+155.6% | $49.3M |
AIZ Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Net Margin | 8.2%+0.8pp | 7.4%+2.7pp | 4.8%-1.7pp | 6.5%+0.0pp | 6.5%-1.8pp | 8.2%+2.1pp | 6.1%-0.7pp | 6.9% |
| Return on Equity | 4.6%+0.3pp | 4.3%+1.5pp | 2.8%-1.1pp | 3.9%+0.2pp | 3.8%-1.0pp | 4.8%+1.0pp | 3.8%-0.4pp | 4.2% |
| Return on Assets | 0.7%+0.1pp | 0.7%+0.2pp | 0.4%-0.2pp | 0.6%+0.0pp | 0.6%-0.2pp | 0.7%+0.2pp | 0.5%-0.0pp | 0.6% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 5.21-0.2 | 5.46-0.2 | 5.68-0.2 | 5.86+0.1 | 5.750.0 | 5.75-0.2 | 5.99-0.4 | 6.40 |
| FCF Margin | 13.7%+7.2pp | 6.5%-4.5pp | 11.0%+9.9pp | 1.1%-21.3pp | 22.4%+21.3pp | 1.1%-9.2pp | 10.3%+0.2pp | 10.1% |
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Frequently Asked Questions
What is Assurant's annual revenue?
Assurant (AIZ) reported $11.9B in total revenue for fiscal year 2024. This represents a 6.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Assurant's revenue growing?
Assurant (AIZ) revenue grew by 6.7% year-over-year, from $11.1B to $11.9B in fiscal year 2024.
Is Assurant profitable?
Yes, Assurant (AIZ) reported a net income of $760.2M in fiscal year 2024, with a net profit margin of 6.4%.
What is Assurant's earnings per share (EPS)?
Assurant (AIZ) reported diluted earnings per share of $14.46 for fiscal year 2024. This represents a 21.0% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Assurant's net profit margin?
Assurant (AIZ) had a net profit margin of 6.4% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Assurant pay dividends?
Yes, Assurant (AIZ) paid $2.96 per share in dividends during fiscal year 2024.
What is Assurant's return on equity (ROE)?
Assurant (AIZ) has a return on equity of 14.9% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Assurant's free cash flow?
Assurant (AIZ) generated $1.1B in free cash flow during fiscal year 2024. This represents a 18.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Assurant's operating cash flow?
Assurant (AIZ) generated $1.3B in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Assurant's total assets?
Assurant (AIZ) had $35.0B in total assets as of fiscal year 2024, including both current and long-term assets.
What are Assurant's capital expenditures?
Assurant (AIZ) invested $221.3M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
Does Assurant buy back shares?
Yes, Assurant (AIZ) spent $307.4M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
How many shares does Assurant have outstanding?
Assurant (AIZ) had 51M shares outstanding as of fiscal year 2024.
What is Assurant's debt-to-equity ratio?
Assurant (AIZ) had a debt-to-equity ratio of 5.86 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Assurant's return on assets (ROA)?
Assurant (AIZ) had a return on assets of 2.2% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Assurant's Piotroski F-Score?
Assurant (AIZ) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Assurant's earnings high quality?
Assurant (AIZ) has an earnings quality ratio of 1.75x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Assurant?
Assurant (AIZ) scores 39 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.