Skip to content
stoqly

Assurant

AIZ NYSE Multi-line Insurance Financials FY2016–FY2025

Assurant's revenue rose 7.9% to $12.8 billion in fiscal 2025. Its net margin was 6.8%, up from 6.4% a year earlier. Free cash flow was $1.6 billion, up 43.8%. It paid out $472 million in dividends and buybacks, 30% of free cash flow. The diluted share count fell 1.9%.

Last close · Oct 23, 2026

$284.75

1.4%
Value it Compare
Revenue Total sales reported in the income statement.
$12.8B
7.9% vs prior year
Operating margin Operating income as a share of revenue.
—
Net income Profit after all expenses, interest and tax.
$873M
14.8%
Free cash flow Cash from operations minus capital spending.
$1.6B
43.8%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
17.5%
0.7 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$14.2B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
13.6x
On $20.91 EPS (TTM)

About these figures. Debt is Assurant's senior notes, its only debt on the balance sheet.

What Assurant does

No business description yet.

Legal name
Assurant, Inc.
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0001267238-26-000010
0001267238

Revenue and margins

Assurant had $12.8B of revenue in fiscal 2025, up 7.9% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 7.1% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $1.6B in fiscal 2025, 12.5% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Assurant returned $472M to shareholders in fiscal 2025, 30% of free cash flow. The diluted share count fell 1.9%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Assurant yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of $6.7M and divides by 51.1M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 13.6x · peers 13.4x · sector 13.7x.

Balance sheet

Cash, debt and the ratios that show how comfortably Assurant can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $2.3B$1.7B$1.9B$2.1B$2.2B
Debt incl. finance leases $2.2B$2.1B$2.1B$2.1B$2.2B
Net debt / EBITDA −0.1x0.7x0.2x0.0x0.0x
Debt / equity 0.4x0.5x0.4x0.4x0.4x
Interest coverage 7.9x4.2x8.5x9.7x10.9x
Total assets $33.9B$33.1B$33.6B$35.0B$36.3B
Total liabilities $28.5B$28.9B$28.8B$29.9B$30.4B
Shareholders' equity $5.5B$4.2B$4.8B$5.1B$5.9B
Net debt (− = net cash) −$86.1M$438M$195M−$6.2M−$6.7M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.0M

0 insiders

Sold, 12 months

$11.0M

6 insiders

Of sales under plans

75%

$8.2M

DateInsiderTradeSharesPriceValueFiling
Aug 6, 2026 Nair BijuEVP, Pres, Global Conn Living Sold 3,931 $302.46 $1.2M Form 4
Jun 22, 2026 Robert LonerganEVP, Csto Sold plan 7,000 $262.71 $1.8M Form 4
May 26, 2026 Dimitry DiRienzoSVP, CAO, Controller Sold 2,000 $255.68 $0.5M Form 4
May 15, 2026 Keith MeierEVP, Chief Financial Officer Sold plan 25,000 $254.31 $6.4M Form 4
May 14, 2026 Jay RosenblumEVP, Chief Legal Officer Sold 2,000 $251.77 $0.5M Form 4
Mar 20, 2026 Dimitry DiRienzoSVP, CAO, Controller Sold 750 $210.98 $0.2M Form 4
Mar 20, 2026 Subhashish SenguptaEVP, Chief People Officer Sold 1,880 $210.53 $0.4M Form 4
Mar 19, 2026 Subhashish SenguptaEVP, Chief People Officer Sold 20 $215.00 $0.0M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✓ ✕
Current ratio rose — — —
Share count didn't rise ✓ ✓ ✓
Gross margin rose — — —
Revenue rose relative to assets ✓ ✓ ✓
F-score — / 9— / 9— / 9
Accruals ratio −1.5%−1.7%−2.7%
Altman Z'' ———

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Assurant AIZ $14.2B 7.9% — 12.5% 17.5% 13.6x —
Loews L $23.0B 5.4% — 14.6% 9.5% 13.7x — Compare →
American Financial Group AFG $12.5B −1.8% 13.1% — 17.8% 13.2x — Compare →
American International Group AIG $43.4B −1.8% — — 9.3% 14.9x — Compare →
RenaissanceRe RNR $14.6B 9.9% — — 54.2% 6.3x — Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $7.5B $6.4B $8.1B $9.6B $9.6B $10.2B $10.2B $11.1B $11.9B $12.8B
Interest expense $57.6M $49.5M $100M $111M $105M $112M $108M $108M $107M $110M
Pretax income $849M $445M $334M $455M $578M $771M $350M $807M $927M $1.1B
Income tax $283M −$75.1M $80.9M $148M $58.7M $168M $73.3M $164M $167M $215M
Net income $565M $520M $251M $383M $441M $1.4B $277M $643M $760M $873M
Diluted EPS $9.13 $9.39 $3.98 $5.84 $6.98 $22.66 $5.05 $11.95 $14.46 $16.93
Diluted shares 0.06B 0.06B 0.06B 0.06B 0.06B 0.06B 0.05B 0.05B 0.05B 0.05B
Cash flow
Cash from operations $109M $530M $657M $1.4B $1.3B $782M $597M $1.1B $1.3B $1.8B
Capital expenditure $85.2M $62.1M $82.8M $110M $121M $187M $186M $203M $221M $236M
Free cash flow $23.4M $468M $574M $1.3B $1.2B $594M $411M $936M $1.1B $1.6B
Depreciation and amortization $125M $116M $127M $126M $142M $172M $182M $196M $224M $250M
Stock-based compensation $41.6M $35.5M $57.1M $55.9M $57.9M $66.7M $62.6M $75.1M $81.1M $85.7M
Acquisitions $63.2M $129M $1.1B $7.6M $459M $16.6M $72.5M $0.3M $12.9M $23.5M
Share buybacks $863M $389M $139M $272M $297M $839M $573M $193M $307M $304M
Dividends paid $125M $119M $134M $151M $155M $158M $150M $152M $156M $168M
Dividends and buybacks $988M $508M $273M $423M $452M $997M $723M $345M $463M $472M
Balance sheet
Cash and short-term investments $1.3B $1.3B $1.6B $2.3B $2.5B $2.3B $1.7B $1.9B $2.1B $2.2B
Total debt $1.1B $1.1B $2.0B $2.0B $2.3B $2.2B $2.1B $2.1B $2.1B $2.2B
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Inventory $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Property and equipment, net $344M $348M $393M $434M $446M $561M $645M $686M $768M $842M
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
Margins
EBITDA margin 13.7% 9.5% 7.0% 7.2% 8.6% 10.4% 6.3% 10.0% 10.6% 11.3%
Net margin 7.5% 8.1% 3.1% 4.0% 4.6% 13.4% 2.7% 5.8% 6.4% 6.8%
FCF margin 0.3% 7.3% 7.1% 13.6% 12.7% 5.8% 4.0% 8.4% 9.4% 12.5%
Returns
Return on capital 15.5% 12.4% 6.9% 7.0% 11.1% 12.5% 7.2% 15.1% 16.8% 17.5%
Return on equity 13.1% 12.4% 5.4% 7.1% 7.6% 23.9% 5.7% 14.2% 15.3% 15.9%
Return on assets 1.9% 1.7% 0.7% 0.9% 1.0% 3.5% 0.8% 1.9% 2.2% 2.5%
Growth
Revenue growth −27.1% −14.8% 25.6% 18.8% 0.3% 6.2% 0.1% 9.2% 6.7% 7.9%
Net income growth 299.3% −8.1% −51.7% 52.4% 15.2% 208.9% −79.7% 132.3% 18.3% 14.8%
EPS growth 345.4% 2.9% −57.6% 46.7% 19.5% 224.6% −77.7% 136.6% 21.0% 17.1%
FCF growth −79.7% 1,901.3% 22.6% 127.1% −6.3% −51.3% −30.9% 127.9% 18.8% 43.8%
Share count change −10.3% −10.7% 7.7% 4.7% 1.4% −4.8% −8.9% −2.9% −2.2% −1.9%
Financial health
Net debt / EBITDA −0.2x −0.4x 0.7x −0.4x −0.3x −0.1x 0.7x 0.2x 0.0x 0.0x
Debt / equity 0.3x 0.3x 0.4x 0.4x 0.4x 0.4x 0.5x 0.4x 0.4x 0.4x
Interest coverage 15.7x 10.0x 4.3x 5.1x 6.5x 7.9x 4.2x 8.5x 9.7x 10.9x
Capital allocation
Capex / revenue 1.1% 1.0% 1.0% 1.2% 1.3% 1.8% 1.8% 1.8% 1.9% 1.8%
Stock comp / revenue 0.6% 0.6% 0.7% 0.6% 0.6% 0.7% 0.6% 0.7% 0.7% 0.7%
Payouts / FCF 4,223.9% 108.5% 47.6% 32.5% 37.0% 167.7% 176.1% 36.9% 41.7% 29.5%
Quality scores
Accruals ratio 1.5% −0.0% −1.1% −2.4% −2.0% 1.5% −1.0% −1.5% −1.7% −2.7%

Source: SEC EDGAR XBRL filings (CIK 0001267238). Data updated October 9, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

↑ ↓ to move · ↵ to open