Assurant Inc Financials
This page shows Assurant Inc (AIZN) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 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).
Cash generation is outpacing accounting profit in a light-capex, liability-heavy model that is gradually rebuilding its equity cushion.
From FY2023 to FY2025, free cash flow scaled much faster than reported profit, reaching$1.6B against net income of$872.7M in FY2025. That cash outcome has become stronger since FY2023, and with capital spending still only$235.5M , the business is not buying growth with heavy reinvestment; incremental activity is translating into cash rather than being absorbed by physical investment needs.
The gap between operating cash flow and net income widened to nearly
The company still runs with a leveraged balance sheet—liabilities were
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Assurant Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Assurant Inc's revenue grew 7.9% year-over-year to $12.8B, a solid pace of expansion. This earns a growth score of 45/100.
Assurant Inc has elevated debt relative to equity (D/E of 5.18), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Assurant Inc has a free cash flow margin of 12.5%, earning a moderate score of 52/100. The company generates positive cash flow after capital investments, but with room for improvement.
Assurant Inc's ROE of 14.9% shows moderate profitability relative to equity, earning a score of 43/100. This is up from 14.9% the prior year.
Assurant Inc 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 Inc generates $2.10 in operating cash flow ($1.8B OCF vs $872.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Assurant Inc generated $12.8B in revenue in fiscal year 2025. This represents an increase of 7.9% from the prior year.
Assurant Inc reported $872.7M in net income in fiscal year 2025. This represents an increase of 14.8% from the prior year.
Assurant Inc earned $16.93 per diluted share (EPS) in fiscal year 2025. This represents an increase of 17.1% from the prior year.
Cash & Balance Sheet
Assurant Inc generated $1.6B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 43.8% from the prior year.
Assurant Inc held $1.8B in cash against $0 in long-term debt as of fiscal year 2025.
Assurant Inc paid $3.28 per share in dividends in fiscal year 2025. This represents an increase of 10.8% from the prior year.
Assurant Inc had 50M shares outstanding in fiscal year 2025. This represents a decrease of 2.2% from the prior year.
Margins & Returns
Assurant Inc's net profit margin was 6.8% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.4 percentage points from the prior year.
Assurant Inc's ROE was 14.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 0.0 percentage points from the prior year.
Capital Allocation
Assurant Inc spent $303.7M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 1.2% from the prior year.
Assurant Inc invested $235.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 6.4% from the prior year.
AIZN Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $3.4B+2.1% | $3.4B+3.7% | $3.2B+2.3% | $3.2B+2.7% | $3.1B-1.0% | $3.1B+4.6% | $3.0B+1.5% | $2.9B |
| 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 | $28.3M0.0% | $28.3M+1.4% | $27.9M+4.5% | $26.7M-0.4% | $26.8M0.0% | $26.8M+0.4% | $26.7M0.0% | $26.7M |
| Income Tax | $61.5M+5.5% | $58.3M-11.1% | $65.6M+22.2% | $53.7M+44.7% | $37.1M-23.8% | $48.7M+175.1% | $17.7M-60.0% | $44.2M |
| Net Income | $274.1M+21.7% | $225.2M-15.2% | $265.6M+12.9% | $235.3M+60.5% | $146.6M-27.2% | $201.3M+50.4% | $133.8M-29.1% | $188.7M |
| EPS (Diluted) | $5.41 | N/A | $5.17+13.4% | $4.56+61.1% | $2.83 | N/A | $2.55-28.8% | $3.58 |
AIZN Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $35.8B-1.4% | $36.3B+1.4% | $35.8B+0.7% | $35.5B+1.5% | $35.0B-0.1% | $35.0B-0.9% | $35.3B+4.6% | $33.8B |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Cash & Equivalents | $1.6B-13.2% | $1.8B+7.1% | $1.7B+15.2% | $1.5B-11.0% | $1.7B-7.6% | $1.8B-0.3% | $1.8B+5.9% | $1.7B |
| 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 | $2.7B+0.3% | $2.6B-0.1% | $2.6B+0.7% | $2.6B+0.4% | $2.6B+0.2% | $2.6B-0.4% | $2.6B+0.3% | $2.6B |
| Total Liabilities | $29.9B-1.7% | $30.4B+1.3% | $30.0B0.0% | $30.0B+0.9% | $29.8B-0.5% | $29.9B-0.5% | $30.1B+4.5% | $28.8B |
| 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 | $5.9B0.0% | $5.9B+2.0% | $5.8B+4.7% | $5.5B+5.0% | $5.2B+2.5% | $5.1B-2.8% | $5.3B+5.0% | $5.0B |
| Retained Earnings | $4.9B+2.5% | $4.8B+2.1% | $4.7B+3.4% | $4.6B+3.2% | $4.4B+1.2% | $4.4B+1.3% | $4.3B+0.3% | $4.3B |
AIZN Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $240.3M-64.2% | $671.0M+32.9% | $505.0M+90.2% | $265.5M-32.3% | $392.4M+281.7% | $102.8M-76.4% | $436.5M-38.6% | $710.9M |
| Capital Expenditures | $47.7M-19.6% | $59.3M-5.7% | $62.9M+5.0% | $59.9M+12.2% | $53.4M-21.5% | $68.0M+44.4% | $47.1M-15.0% | $55.4M |
| Free Cash Flow | $192.6M-68.5% | $611.7M+38.4% | $442.1M+115.0% | $205.6M-39.4% | $339.0M+874.1% | $34.8M-91.1% | $389.4M-40.6% | $655.5M |
| Investing Cash Flow | -$282.3M+30.1% | -$403.8M-49.8% | -$269.5M+25.7% | -$362.9M+13.9% | -$421.6M-693.8% | $71.0M+134.3% | -$207.2M-7.1% | -$193.4M |
| Financing Cash Flow | -$202.6M-48.8% | -$136.2M-2624.0% | -$5.0M+95.2% | -$104.3M+12.1% | -$118.7M+25.7% | -$159.7M-13.4% | -$140.8M-74.3% | -$80.8M |
| Dividends Paid | $44.0M-0.5% | $44.2M+8.9% | $40.6M-4.9% | $42.7M+4.4% | $40.9M-0.5% | $41.1M+9.6% | $37.5M-6.0% | $39.9M |
| Share Buybacks | $124.2M+31.7% | $94.3M+15.3% | $81.8M+29.2% | $63.3M-1.6% | $64.3M-46.6% | $120.3M+21.0% | $99.4M+138.9% | $41.6M |
AIZN Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| 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 | 8.0%+1.3pp | 6.7%-1.5pp | 8.2%+0.8pp | 7.4%+2.7pp | 4.8%-1.7pp | 6.5%+2.0pp | 4.5%-1.9pp | 6.5% |
| Return on Equity | 4.7%+0.8pp | 3.8%-0.8pp | 4.6%+0.3pp | 4.3%+1.5pp | 2.8%-1.1pp | 3.9%+1.4pp | 2.5%-1.2pp | 3.8% |
| Return on Assets | 0.8%+0.2pp | 0.6%-0.1pp | 0.7%+0.1pp | 0.7%+0.2pp | 0.4%-0.2pp | 0.6%+0.2pp | 0.4%-0.2pp | 0.6% |
| Current Ratio | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Debt-to-Equity | 5.09-0.1 | 5.18-0.0 | 5.21-0.2 | 5.46-0.2 | 5.68-0.2 | 5.86+0.1 | 5.72-0.0 | 5.75 |
| FCF Margin | 5.6%-12.6pp | 18.3%+4.6pp | 13.7%+7.2pp | 6.5%-4.5pp | 11.0%+9.9pp | 1.1%-12.0pp | 13.1%-9.3pp | 22.4% |
Frequently Asked Questions
What is Assurant Inc's annual revenue?
Assurant Inc (AIZN) reported $12.8B in total revenue for fiscal year 2025. This represents a 7.9% 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 Inc's revenue growing?
Assurant Inc (AIZN) revenue grew by 7.9% year-over-year, from $11.9B to $12.8B in fiscal year 2025.
Is Assurant Inc profitable?
Yes, Assurant Inc (AIZN) reported a net income of $872.7M in fiscal year 2025, with a net profit margin of 6.8%.
What is Assurant Inc's net profit margin?
Assurant Inc (AIZN) had a net profit margin of 6.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Assurant Inc pay dividends?
Yes, Assurant Inc (AIZN) paid $3.28 per share in dividends during fiscal year 2025.
What is Assurant Inc's return on equity (ROE)?
Assurant Inc (AIZN) has a return on equity of 14.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Assurant Inc's free cash flow?
Assurant Inc (AIZN) generated $1.6B in free cash flow during fiscal year 2025. This represents a 43.8% 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 Inc's operating cash flow?
Assurant Inc (AIZN) generated $1.8B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Assurant Inc's total assets?
Assurant Inc (AIZN) had $36.3B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Assurant Inc's capital expenditures?
Assurant Inc (AIZN) invested $235.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Assurant Inc's debt-to-equity ratio?
Assurant Inc (AIZN) had a debt-to-equity ratio of 5.18 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Assurant Inc's return on assets (ROA)?
Assurant Inc (AIZN) had a return on assets of 2.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Assurant Inc's Piotroski F-Score?
Assurant Inc (AIZN) 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 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Assurant Inc's earnings high quality?
Assurant Inc (AIZN) has an earnings quality ratio of 2.10x, 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 Inc?
Assurant Inc (AIZN) scores 23 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.