Overview of Financial Statements
Financial statements are records that provide an overview of a company's financial performance and position. There are three main types of financial statements:
- Income Statement: Shows the company's revenue, expenses, and profit over a specific period.
- Balance Sheet: Provides a snapshot of the company's assets, liabilities, and equity at a specific point in time.
- Cash Flow Statement: Details the cash inflows and outflows from operating, investing, and financing activities over a period.
This page presents both annual and quarterly data for these financial statements. The charts below provide a visual representation of the key metrics from each statement, helping you to quickly understand the financial health of Assurant.
Income Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.88B | $11.13B | $10.19B | $10.19B | $9.59B | $10.07B | $8.00B | $6.31B | $7.11B | $10.31B |
| Cost of Revenue | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Gross Profit | $11.88B | $11.13B | $10.19B | $10.19B | $9.59B | $10.07B | $8.00B | $6.31B | $7.11B | $10.31B |
| Gross Profit Ratio | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% | 100.00% |
| Research and Development Expenses | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| General and Administrative Expenses | $- | $- | $- | $3.24B | $3.11B | $3.25B | $5.28B | $4.05B | $4.79B | $5.33B |
| Selling and Marketing Expenses | $- | $- | $- | $3.84B | $3.53B | $3.32B | $- | $- | $- | $- |
| Selling General and Administrative Expenses | $8.08B | $- | $7.37B | $7.08B | $6.64B | $6.57B | $5.28B | $4.05B | $4.79B | $5.33B |
| Other Expenses | $- | $11.13B | $-7.37B | $-15.72B | $-15.73B | $-16.09B | $2.44B | $1.92B | $1.89B | $4.80B |
| Operating Expenses | $8.08B | $11.13B | $7.37B | $-8.65B | $-9.09B | $-9.52B | $7.72B | $5.97B | $6.68B | $10.12B |
| Cost and Expenses | $8.08B | $11.13B | $9.84B | $9.40B | $9.01B | $9.52B | $7.67B | $5.87B | $6.26B | $10.11B |
| Interest Income | $- | $- | $108.30M | $111.80M | $104.50M | $110.60M | $- | $- | $19.00K | $16.00K |
| Interest Expense | $107.00M | $108.00M | $108.30M | $111.80M | $104.50M | $110.60M | $100.30M | $49.50M | $57.62M | $55.12M |
| Depreciation and Amortization | $- | $207.40M | $180.80M | $162.70M | $130.00M | $117.50M | $116.90M | $106.80M | $86.49M | $137.10M |
| EBITDA | $- | $1.12B | $639.00M | $1.05B | $20.00B | $4.08B | $3.32B | $2.86B | $3.83B | $6.79B |
| EBITDA Ratio | 0.00% | 10.08% | 6.27% | 10.27% | 208.46% | 40.51% | 41.49% | 45.39% | 53.86% | 65.89% |
| Operating Income | $3.80B | $642.50M | $458.20M | $1.54B | $502.20M | $550.30M | $432.20M | $494.00M | $906.21M | $256.30M |
| Operating Income Ratio | 32.00% | 5.77% | 4.50% | 15.14% | 5.23% | 5.46% | 5.40% | 7.83% | 12.75% | 2.49% |
| Total Other Income Expenses Net | $-2.87B | $164.30M | $73.30M | $-9.40B | $-18.61B | $-2.84B | $-2.44B | $-1.82B | $-1.99B | $-6.20B |
| Income Before Tax | $927.30M | $806.80M | $349.90M | $783.00M | $580.80M | $554.50M | $333.50M | $444.50M | $848.59M | $201.18M |
| Income Before Tax Ratio | 7.81% | 7.25% | 3.43% | 7.69% | 6.05% | 5.51% | 4.17% | 7.04% | 11.94% | 1.95% |
| Income Tax Expense | $167.10M | $164.30M | $73.30M | $169.50M | $60.40M | $167.70M | $80.90M | $-75.10M | $283.24M | $59.63M |
| Net Income | $760.20M | $642.50M | $276.60M | $613.50M | $440.80M | $382.60M | $251.00M | $519.60M | $565.35M | $141.56M |
| Net Income Ratio | 6.40% | 5.77% | 2.71% | 6.02% | 4.59% | 3.80% | 3.14% | 8.23% | 7.95% | 1.37% |
| EPS | $14.55 | $12.02 | $5.09 | $10.37 | $7.04 | $6.18 | $4.24 | $9.45 | $9.23 | $2.08 |
| EPS Diluted | $14.46 | $11.95 | $5.05 | $10.20 | $6.70 | $6.14 | $4.22 | $9.39 | $9.13 | $2.05 |
| Weighted Average Shares Outstanding | 52.23M | 53.46M | 54.37M | 59.14M | 60.11M | 61.94M | 59.24M | 54.99M | 61.26M | 68.16M |
| Weighted Average Shares Outstanding Diluted | 52.58M | 53.78M | 54.78M | 60.12M | 63.18M | 62.31M | 59.55M | 55.31M | 61.93M | 69.02M |
| SEC Filing | Source | Source | Source | Source | Source | Source | Source | Source | Source | Source |
Balance Sheet
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and Cash Equivalents | $1.81B | $1.63B | $1.54B | $2.04B | $2.23B | $1.87B | $1.25B | $996.80M | $1.03B | $1.29B |
| Short Term Investments | $7.18B | $6.91B | $6.44B | $7.46B | $13.78B | $12.72B | $11.63B | $9.95B | $9.80B | $10.72B |
| Cash and Short Term Investments | $8.98B | $8.54B | $7.98B | $9.50B | $16.01B | $14.59B | $12.88B | $10.94B | $10.83B | $12.01B |
| Net Receivables | $2.05B | $2.27B | $2.41B | $- | $- | $9.59B | $- | $- | $- | $1.26B |
| Inventory | $- | $- | $-155.50M | $-3.94B | $-4.12B | $22.32B | $1.68B | $1.36B | $1.24B | $1.28B |
| Other Current Assets | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Total Current Assets | $11.04B | $10.81B | $10.23B | $15.68B | $25.85B | $24.19B | $2.90B | $2.23B | $2.25B | $2.55B |
| Property Plant Equipment Net | $768.30M | $708.80M | $645.10M | $561.40M | $493.30M | $433.70M | $392.50M | $347.60M | $343.57M | $298.41M |
| Goodwill | $2.62B | $2.61B | $2.60B | $2.57B | $2.59B | $2.34B | $2.32B | $917.70M | $830.96M | $833.51M |
| Intangible Assets | $535.60M | $651.00M | $262.80M | $583.40M | $1.16B | $2.00B | $3.16B | $313.00M | $272.48M | $318.32M |
| Goodwill and Intangible Assets | $3.15B | $3.26B | $2.87B | $3.15B | $3.75B | $4.35B | $5.48B | $917.70M | $830.96M | $833.51M |
| Long Term Investments | $1.37B | $499.00M | $6.72B | $7.91B | $4.13B | $2.02B | $1.69B | $746.50M | $10.22B | $11.22B |
| Tax Assets | $- | $147.10M | $- | $- | $- | $- | $2.40B | $1.92B | $-8.27B | $-8.64B |
| Other Non-Current Assets | $-1.37B | $17.97B | $-6.34B | $-11.63B | $-8.36B | $-6.80B | $18.63B | $17.25B | $15.98B | $11.91B |
| Total Non-Current Assets | $3.92B | $22.58B | $3.89B | $11.63B | $8.36B | $6.80B | $28.58B | $21.18B | $19.11B | $15.63B |
| Other Assets | $20.06B | $250.30M | $19.01B | $6.60B | $10.43B | $13.30B | $9.61B | $8.43B | $8.35B | $11.90B |
| Total Assets | $35.02B | $33.64B | $33.12B | $33.91B | $44.65B | $44.29B | $41.09B | $31.84B | $29.71B | $30.08B |
| Account Payables | $3.41B | $2.42B | $2.70B | $2.05B | $1.97B | $3.05B | $3.14B | $3.93B | $3.40B | $4.03B |
| Short Term Debt | $- | $- | $224.70M | $- | $- | $- | $- | $- | $- | $- |
| Tax Payables | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Deferred Revenue | $- | $- | $4.01B | $- | $16.90B | $3.87B | $-105.50M | $-393.70M | $-48.06M | $- |
| Other Current Liabilities | $-3.41B | $-1.88B | $-6.94B | $-2.05B | $-18.87B | $-6.92B | $-3.14B | $-3.93B | $-3.40B | $-4.03B |
| Total Current Liabilities | $3.97B | $542.80M | $4.24B | $4.51B | $16.95B | $3.98B | $33.97B | $26.50B | $24.54B | $24.35B |
| Long Term Debt | $2.08B | $2.08B | $1.91B | $2.20B | $2.25B | $2.01B | $2.01B | $1.07B | $1.07B | $1.16B |
| Deferred Revenue Non-Current | $- | $- | $- | $- | $- | $- | $53.10M | $128.10M | $232.13M | $92.33M |
| Deferred Tax Liabilities Non-Current | $- | $- | $- | $- | $- | $- | $- | $- | $- | $- |
| Other Non-Current Liabilities | $- | $26.20B | $26.98B | $26.25B | $36.44B | $36.60B | $33.95B | $26.49B | $24.54B | $24.35B |
| Total Non-Current Liabilities | $2.08B | $28.28B | $4.24B | $2.20B | $2.25B | $2.01B | $2.01B | $1.07B | $1.07B | $1.16B |
| Other Liabilities | $23.86B | $1 | $20.42B | $21.71B | $19.50B | $32.63B | $-21.90M | $-10.90M | $- | $39.55M |
| Total Liabilities | $29.91B | $28.83B | $28.90B | $28.42B | $38.70B | $38.61B | $35.96B | $27.56B | $25.61B | $25.55B |
| Preferred Stock | $- | $- | $- | $- | $2.90M | $2.90M | $2.90M | $1.66B | $1.29B | $451.26M |
| Common Stock | $500.00K | $600.00K | $600.00K | $700.00K | $600.00K | $1.60M | $1.60M | $1.50M | $1.50M | $1.50M |
| Retained Earnings | $4.38B | $4.03B | $5.21B | $5.64B | $5.24B | $5.24B | $5.27B | $4.04B | $4.00B | $4.41B |
| Accumulated Other Comprehensive Income Loss | $-836.10M | $-765.00M | $-986.20M | $-150.00M | $709.80M | $411.50M | $-155.40M | $234.00M | $94.60M | $118.55M |
| Other Total Stockholders Equity | $1.56B | $1.55B | $1.51B | $1.57B | $1.69B | $-729.60M | $-496.80M | $-1.66B | $-1.29B | $-452.75M |
| Total Stockholders Equity | $5.11B | $4.81B | $4.23B | $5.49B | $5.95B | $5.65B | $5.11B | $4.27B | $4.10B | $4.52B |
| Total Equity | $5.11B | $4.81B | $4.23B | $5.49B | $5.95B | $5.68B | $5.13B | $4.28B | $4.10B | $4.52B |
| Total Liabilities and Stockholders Equity | $35.02B | $33.64B | $33.12B | $33.91B | $44.65B | $44.29B | $41.09B | $31.84B | $29.71B | $30.08B |
| Minority Interest | $- | $- | $- | $- | $3.40M | $29.30M | $21.90M | $10.90M | $- | $- |
| Total Liabilities and Total Equity | $35.02B | $33.64B | $33.12B | $33.91B | $44.65B | $44.29B | $41.09B | $31.84B | $29.71B | $30.08B |
| Total Investments | $8.54B | $8.22B | $9.06B | $10.71B | $17.91B | $18.45B | $16.34B | $13.30B | $12.51B | $14.32B |
| Total Debt | $2.08B | $2.08B | $2.13B | $2.20B | $2.25B | $2.01B | $2.01B | $1.07B | $1.07B | $1.17B |
| Net Debt | $275.40M | $453.00M | $593.20M | $161.70M | $24.30M | $139.80M | $752.00M | $71.40M | $35.05M | $-116.92M |
Cash Flow Statement
| Breakdown | December 31, 2024 | December 31, 2023 | December 31, 2022 | December 31, 2021 | December 31, 2020 | December 31, 2019 | December 31, 2018 | December 31, 2017 | December 31, 2016 | December 31, 2015 |
|---|---|---|---|---|---|---|---|---|---|---|
| Net Income | $760.20M | $642.50M | $276.60M | $1.37B | $441.80M | $382.60M | $251.00M | $519.60M | $565.35M | $141.56M |
| Depreciation and Amortization | $223.50M | $196.40M | $182.00M | $171.60M | $144.30M | $125.80M | $126.90M | $115.70M | $125.14M | $137.10M |
| Deferred Income Tax | $244.90M | $-108.50M | $63.80M | $131.70M | $191.60M | $89.50M | $20.40M | $-4.20M | $-182.89M | $88.66M |
| Stock Based Compensation | $81.10M | $75.10M | $62.60M | $66.70M | $57.90M | $55.90M | $57.10M | $35.50M | $41.61M | $38.77M |
| Change in Working Capital | $- | $261.00M | $-218.30M | $-243.30M | $372.10M | $628.90M | $151.70M | $97.00M | $-22.99M | $-214.86M |
| Accounts Receivables | $172.80M | $466.20M | $-1.28B | $-869.70M | $-47.20M | $-460.60M | $388.70M | $-916.10M | $34.44M | $-106.73M |
| Inventory | $- | $- | $- | $424.90M | $503.50M | $862.30M | $-157.50M | $1.10B | $-11.68M | $101.58M |
| Accounts Payables | $- | $-68.50M | $11.00M | $38.30M | $172.80M | $127.10M | $3.80M | $17.20M | $-77.99M | $-189.90M |
| Other Working Capital | $- | $-136.70M | $1.05B | $163.20M | $-257.00M | $100.10M | $-83.30M | $995.90M | $20.55M | $81.77M |
| Other Non Cash Items | $23.00M | $71.60M | $230.20M | $-717.40M | $134.30M | $130.70M | $49.60M | $-233.20M | $-574.59M | $152.00M |
| Net Cash Provided by Operating Activities | $1.33B | $1.14B | $596.90M | $781.70M | $1.34B | $1.41B | $656.70M | $530.40M | $134.53M | $254.57M |
| Investments in Property Plant and Equipment | $- | $-202.50M | $-186.30M | $-187.40M | $-121.20M | $-110.30M | $-82.80M | $-62.10M | $-85.23M | $-114.90M |
| Acquisitions Net | $-17.90M | $-300.00K | $-67.70M | $1.30B | $-531.90M | $-7.60M | $-1.05B | $-129.10M | $810.68M | $33.06M |
| Purchases of Investments | $- | $-2.29B | $-3.20B | $-3.20B | $-2.59B | $-4.34B | $-6.32B | $-4.34B | $-4.56B | $-3.16B |
| Sales Maturities of Investments | $1.33B | $1.89B | $3.23B | $2.50B | $2.45B | $3.88B | $5.34B | $4.00B | $4.28B | $3.30B |
| Other Investing Activities | $-1.97B | $-32.80M | $-39.20M | $-256.10M | $58.50M | $-44.00M | $-92.20M | $-11.40M | $278.08M | $207.87M |
| Net Cash Used for Investing Activities | $-657.80M | $-637.70M | $-262.10M | $157.60M | $-735.20M | $-619.80M | $-2.20B | $-541.20M | $725.62M | $264.29M |
| Debt Repayment | $- | $-51.80M | $-75.90M | $-72.60M | $242.50M | $235.50M | $1.82B | $450.80M | $-123.40M | $- |
| Common Stock Issued | $- | $- | $- | $- | $- | $- | $276.40M | $- | $- | $- |
| Common Stock Repurchased | $-307.40M | $-193.10M | $-572.80M | $-839.30M | $-297.00M | $-271.80M | $-139.30M | $-388.90M | $-863.10M | $-292.90M |
| Dividends Paid | $-155.90M | $-152.30M | $-150.20M | $-162.30M | $-173.30M | $-170.00M | $-148.00M | $-119.00M | $-125.35M | $-94.17M |
| Other Financing Activities | $-14.20M | $-6.70M | $-19.50M | $-15.60M | $-37.00M | $27.10M | $301.40M | $30.40M | $5.65M | $-100.06M |
| Net Cash Used Provided by Financing Activities | $-477.50M | $-403.90M | $-818.40M | $-1.09B | $-264.80M | $-179.20M | $1.84B | $-26.70M | $-1.11B | $-487.13M |
| Effect of Forex Changes on Cash | $-17.10M | $-5.80M | $-34.50M | $-23.30M | $19.50M | $-1.30M | $-35.00M | $2.30M | $-16.15M | $-56.23M |
| Net Change in Cash | $180.30M | $90.70M | $-518.10M | $-173.80M | $361.50M | $613.10M | $257.20M | $-35.20M | $-256.33M | $-30.35M |
| Cash at End of Period | $1.81B | $1.63B | $1.54B | $2.05B | $2.23B | $1.87B | $1.25B | $996.80M | $1.03B | $1.29B |
| Cash at Beginning of Period | $1.63B | $1.54B | $2.05B | $2.23B | $1.87B | $1.25B | $996.80M | $1.03B | $1.29B | $1.32B |
| Operating Cash Flow | $1.33B | $1.14B | $596.90M | $781.70M | $1.34B | $1.41B | $656.70M | $530.40M | $134.53M | $254.57M |
| Capital Expenditure | $- | $-202.50M | $-186.30M | $-187.40M | $-121.20M | $-110.30M | $-82.80M | $-62.10M | $-85.23M | $-114.90M |
| Free Cash Flow | $1.33B | $935.60M | $410.60M | $594.30M | $1.22B | $1.30B | $573.90M | $468.30M | $49.29M | $139.68M |