Assurant, Inc.
Description
Assurant, Inc., together with its subsidiaries, provides business services that supports, protects, and connects consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products; and vehicle protection, commercial equipment, and other related services. The Global Housing segment provides lender-placed homeowners, manufactured housing, and flood insurance; renters insurance and related products; and voluntary manufactured housing, and condominium and homeowners insurance products. The company was formerly known as Fortis, Inc. and changed its name to Assurant, Inc. in February 2004. Assurant, Inc. was founded in 1892 and is headquartered in Atlanta, Georgia.
About
CEO
Mr. Keith Warner Demmings
Employees
13,600
Instrument type
Common Stock
Sector
Financial Services
Industry
Insurance - Property & Casualty
MIC code
XNYS
Address
260 Interstate North Circle SE, Atlanta, GA 30339-2210, United States
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![Enlarged Chart]()
Oscillators
No data available
Summary
No data available
Moving Averages
No data available
Earnings
| Date | Estimate EPS | Actual EPS | Difference | % Surprise |
|---|---|---|---|---|
| Nov 4, 2025 | — | — | — | — |
| Aug 4, 2025 | — | — | — | — |
| May 6, 2025 | — | — | — | — |
| Feb 12, 2025 | 3.34 | — | — | — |
| Feb 4, 2025 | 3.34 | — | — | — |
Earnings estimate
|
Next Quarter
(Mar 2025)
|
Next Year
(Dec 2025)
|
|||
|---|---|---|---|---|
| Number of analysts | — | 6 | — | 6 |
| Average estimate | — | 4.71 | — | 18.04 |
| Low estimate | — | 4.51 | — | 17.45 |
| High estimate | — | 4.86 | — | 18.80 |
| Last year EPS | — | 4.78 | — | 15.84 |
[stock_revenue_estimate]
Growth estimates
Current qtr
-13.310%
Next qtr. (Mar 2025)
-1.450%
Current year
2.260%
Next year (Dec 2025)
13.910%
Next 5 years (per annum)
—
Past 5 years (per annum)
—
Income statement
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total reported revenue | 11.13B | 10.19B | 10.19B | 9.61B | 9.53B |
| Cost of revenue | — | — | — | — | — |
| Gross profit | — | — | — | — | — |
| Operating expense | |||||
| Research & development | — | — | — | — | — |
| Selling general and admin | — | — | — | — | — |
| Other operating expenses | — | — | — | -10.70M | -14.30M |
| Operating income | — | — | — | — | — |
| Non operating interest income | |||||
| Income | — | — | — | — | — |
| Expense | 108.00M | 108.30M | 111.80M | 104.50M | 110.60M |
| Other income expense | — | — | — | — | — |
| Pretax income | 806.80M | 349.90M | 771.30M | 578.10M | 454.70M |
| Tax provision | 164.30M | 73.30M | 168.40M | 58.70M | 148.30M |
| Net income | 642.50M | 276.60M | 1.36B | 441.70M | 386.80M |
| Basic EPS | 12.02 | 5.09 | 10.29 | 7.04 | 5.87 |
| Diluted EPS | 11.95 | 5.05 | 10.20 | 6.99 | 5.84 |
| Basic average shares | 53.46M | 54.37M | 59.14M | 60.11M | 61.94M |
| Diluted average shares | 53.46M | 54.37M | 59.14M | 60.11M | 61.94M |
| EBITDA | — | — | — | — | — |
| Net income from continuing op. | 642.50M | 276.60M | 602.90M | 518.50M | 382.60M |
| Minority interests | — | — | — | -900,000 | -4.20M |
| Preferred stock dividends | — | — | — | — | — |
Balance sheet
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
| Fiscal date | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 |
| Total assets | — | — | — | — | — |
| Current assets | |||||
| Cash | — | — | — | — | — |
| Cash equivalents | — | — | — | — | — |
| Cash and cash equivalents | 1.63B | 1.54B | 2.04B | 2.21B | 1.87B |
| Other short term investments | 2.11B | 6.44B | 7.46B | 7.11B | 12.72B |
| Accounts receivable | 8.84B | 9.30B | 8.06B | 8.09B | 11.23B |
| Other receivables | 78.80M | 110.70M | 73.90M | 78.00M | 75.20M |
| Inventory | — | — | — | — | — |
| Prepaid assets | — | — | — | — | — |
| Restricted cash | — | — | — | — | — |
| Assets held for sale | — | — | — | — | — |
| Hedging assets | — | — | — | — | — |
| Other current assets | — | — | — | — | — |
| Non current assets | |||||
| Properties | — | — | — | — | — |
| Land and improvements | — | — | — | — | — |
| Machinery furniture equipment | — | — | — | — | — |
| Construction in progress | — | — | — | — | — |
| Leases | — | — | — | — | — |
| Accumulated depreciation | — | — | — | — | — |
| Goodwill | 5.87B | 6.11B | 6.45B | 7.03B | 7.23B |
| Investment properties | — | — | — | — | — |
| Financial assets | — | — | — | — | — |
| Intangible assets | 651.00M | 901.70M | 1.30B | 1.85B | 2.54B |
| Investments and advances | 7.39B | 6.72B | 7.91B | 7.40B | 15.13B |
| Other non current assets | — | — | — | — | — |
| Total liabilities | — | — | — | — | — |
| Current liabilities | |||||
| Accounts payable | 2.42B | 2.70B | 2.05B | 1.97B | 3.05B |
| Accrued expenses | — | — | — | — | — |
| Short term debt | — | 224.70M | — | — | — |
| Deferred revenue | — | — | — | — | — |
| Tax payable | — | — | — | — | — |
| Pensions | — | — | — | — | — |
| Other current liabilities | — | — | — | — | — |
| Non current liabilities | |||||
| Long term debt | 2.08B | 1.91B | 2.20B | 2.25B | 2.01B |
| Provision for risks and charges | — | — | — | — | — |
| Deferred liabilities | — | — | — | — | — |
| Derivative product liabilities | — | — | — | — | — |
| Other non current liabilities | — | — | — | — | — |
| Shareholders equity | |||||
| Common stock | 600,000 | 600,000 | 700,000 | 600,000 | 1.60M |
| Retained earnings | 4.03B | 3.70B | 4.04B | 3.55B | 5.97B |
| Other shareholders equity | -765.00M | -986.20M | -150.00M | 709.80M | 411.50M |
| Total shareholders equity | 4.81B | 4.23B | 5.46B | 5.95B | 5.68B |
| Additional paid in capital | 1.67B | 1.64B | 1.70B | 1.96B | 4.54B |
| Treasury stock | 122.80M | 122.80M | 122.80M | 267.40M | 5.27B |
| Minority interest | — | — | — | 3.40M | 29.30M |
Cash flow statement
| 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||
| Net Income | 642.50M | 276.60M | 602.90M | 518.50M | 382.60M | 251.00M | 519.60M | 565.40M | 141.60M | 470.91M | 488.91M | 483.71M | 538.96M | 279.18M | 430.57M | 447.80M | 653.75M | 717.42M | 479.36M | 350.56M | 185.65M | -1.00B |
| Depreciation | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Deferred Taxes | -108.50M | 63.80M | 131.70M | 202.40M | 100.80M | 21.40M | -4.20M | 25.00M | -3.90M | — | — | — | 3.27M | 6.71M | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | 75.10M | 62.60M | 66.70M | 57.90M | 55.90M | 57.10M | 35.50M | 41.60M | 38.80M | 49.35M | 50.00M | 37.59M | 36.89M | 34.59M | 30.29M | 24.13M | 19.53M | — | — | — | — | — |
| Other Non-Cash Items | 2.90M | 20.20M | 17.30M | -24.10M | -28.70M | -56.90M | -152.00M | -383.20M | 53.30M | 6.88M | -50.43M | -4.68M | 47.63M | 64.12M | -108.72M | -50.11M | -40.38M | 273.13M | 665.55M | -393.06M | -298.83M | 1.46B |
| Accounts Receivable | 466.20M | -1.28B | -871.10M | -39.30M | -448.70M | 526.10M | -946.40M | 34.50M | -106.70M | -1.14B | 233.64M | -915.55M | -387.44M | -35.32M | 2.66M | 109.87M | -8.97M | -104.09M | -39.64M | 264.10M | 117.08M | -16.85M |
| Accounts Payable | -68.50M | 41.70M | 89.90M | 11.10M | 25.70M | 3.80M | 52.50M | -41.10M | -178.70M | 316.59M | 187.59M | 6.70M | 151.60M | -50.62M | -137.79M | -20.97M | -16.75M | 25.83M | 1.00B | 295.40M | 499.30M | — |
| Other Assets & Liabilities | 3.00M | -261.70M | 4.50M | -240.40M | 105.00M | -209.90M | -20.50M | -53.62M | -43.20M | -21.97M | 83.02M | -52.63M | -87.26M | -74.25M | -27.28M | -29.26M | 856.05M | 550.30M | 901.57M | 523.76M | 695.79M | — |
| Operating Cash Flow | 1.01B | -1.07B | 41.90M | 486.10M | 192.60M | 592.60M | -515.50M | 188.58M | -98.80M | -322.87M | 992.73M | -444.86M | 303.65M | 224.40M | 189.72M | 481.46M | 1.46B | 1.46B | 3.01B | 1.04B | 1.20B | 443.09M |
| Investing Activities | ||||||||||||||||||||||
| Capital Expenditures | -202.50M | -186.30M | -187.40M | -121.20M | -110.30M | -82.80M | -35.90M | -85.20M | -114.90M | -83.60M | -50.90M | -54.08M | -31.92M | -50.83M | -54.34M | -55.33M | -57.29M | 96.71M | -41.83M | -51.46M | -78.77M | -64.18M |
| Net Intangibles | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Net Acquisitions | -300,000 | -67.70M | 1.30B | -531.90M | -7.60M | -1.05B | -129.10M | 810.70M | 33.00M | -149.19M | -273.29M | -2.14M | -45.08M | -11.56M | 4.92M | -333.55M | -161.99M | -47.51M | — | 3.54M | — | 12.00M |
| Purchase of Investments | -2.29B | -3.20B | -3.20B | -1.99B | -3.66B | -6.32B | -4.24B | -4.29B | -3.16B | -2.65B | -3.84B | -3.96B | -2.83B | -3.02B | -2.17B | -3.03B | -3.66B | -3.32B | -3.07B | -3.28B | -3.52B | -4.92B |
| Sale of Investments | 1.89B | 3.23B | 2.50B | 2.10B | 3.41B | 5.34B | 3.90B | 4.01B | 3.30B | 2.96B | 3.75B | 3.56B | 2.68B | 3.01B | 2.25B | 2.89B | 3.01B | 2.20B | 1.81B | 2.71B | 3.85B | 4.59B |
| Investing Cash Flow | -602.50M | -222.30M | 416.90M | -540.10M | -355.00M | -2.11B | -498.90M | 452.70M | 159.90M | 54.83M | -416.68M | -451.42M | -206.38M | -20.81M | 67.38M | -249.48M | -1.05B | -84.51M | -548.69M | -741.43M | -711.23M | -379.43M |
| Financing Activities | ||||||||||||||||||||||
| Long-Term Debt Issuance | 173.20M | — | 347.20M | 243.70M | 934.40M | 2.77B | 671.90M | 249.60M | — | — | 698.09M | — | — | — | — | — | 215.69M | — | 75.33M | 1.19B | 2.47B | — |
| Long-Term Debt Payments | -225.00M | -75.90M | -419.80M | -201.20M | -698.90M | -941.60M | -221.10M | -373.00M | — | -467.33M | -33.63M | — | — | — | — | — | -40.00M | -60.00M | -135.00M | -1.85B | -724.99M | — |
| Other Financing Charges | -2.50M | — | — | -26.70M | 7.50M | 9.30M | 30.40M | 31.50M | -75.30M | -16.19M | -1.11M | 1.73M | -3.27M | -104.15M | -1.79M | 5.68M | 9.38M | 2.56M | — | 945,000 | -963,000 | -1.05M |
| Financing Cash Flow | -399.70M | -798.90M | -1.07B | -454.50M | -198.90M | 1.82B | -26.70M | -1.08B | -462.40M | -776.20M | 196.21M | -479.86M | -609.50M | -699.47M | -106.34M | -126.99M | -186.58M | -110.39M | -435.37M | -227.06M | 317.50M | -43.43M |
| Other Cash Details | ||||||||||||||||||||||
| End Cash Position | 1.63B | 1.54B | 2.05B | 2.23B | 1.87B | 1.25B | 996.80M | 1.03B | 1.29B | 1.32B | 1.72B | 909.40M | 1.17B | 1.15B | 1.32B | 1.04B | 804.96M | 987.67M | 855.57M | 807.08M | 958.20M | 610.69M |
| Income Tax Paid | 235.40M | 127.70M | 221.10M | 98.50M | 93.10M | 93.90M | 18.80M | 226.10M | 80.10M | 247.77M | 132.49M | 289.85M | 223.95M | 341.15M | 328.26M | 349.19M | 334.38M | — | — | — | — | — |
| Interest Paid | 107.40M | 108.60M | 109.80M | 103.60M | 103.20M | 79.50M | 48.10M | 56.20M | 54.80M | 68.88M | 70.74M | 60.19M | 60.24M | 60.54M | 60.57M | 60.86M | 61.09M | — | — | — | — | — |
| Free Cash Flow | 935.60M | 410.60M | 594.30M | 1.22B | 1.30B | 573.90M | 468.30M | 23.40M | 115.00M | 310.21M | 975.24M | 623.24M | 819.56M | 489.53M | 214.04M | 943.07M | 1.14B | 845.56M | 850.25M | 763.50M | 659.48M | 290.30M |
Top Institutional Holders
| Holder | Date Reported | Shares | Value | % Held |
|---|---|---|---|---|
| Price (T.Rowe) Mid Cap Growth Fund | Sep 30, 2024 | 1,982,500 | 420.69M | 3.87% |
| Vanguard Total Stock Market Index Fund | Sep 30, 2024 | 1,642,765 | 348.59M | 3.20% |
| Vanguard 500 Index Fund | Sep 30, 2024 | 1,356,431 | 287.83M | 2.64% |
| Vanguard Small-Cap Index Fund | Sep 30, 2024 | 1,296,696 | 275.16M | 2.53% |
| Vanguard Small Cap Value Index Fund | Sep 30, 2024 | 877,677 | 186.24M | 1.71% |
| MFS Series Trust XI-MFS Mid Cap Value Fund | Sep 30, 2024 | 833,322 | 176.83M | 1.62% |
| Invesco ETF Tr-Invesco S&P 500 Equal Weight ETF | Nov 30, 2024 | 715,321 | 151.79M | 1.39% |
| BNY Mellon Dynamic Value Fund | Nov 30, 2024 | 656,892 | 139.39M | 1.28% |
| Fidelity 500 Index Fund | Nov 30, 2024 | 640,002 | 135.81M | 1.25% |
| SPDR S&P 500 ETF Trust | Nov 30, 2024 | 640,798 | 135.98M | 1.25% |
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