ASSURANT INC
For the period ended Dec 31, 2024. Filed Feb 20, 2025.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2024 · Filed Feb 20, 2025
AIZ$322.16+1.6%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets as of December 31, 202 and
Consolidated Balance Sheets
As of December 31, 2024 and 2023
| December 31, | ||
|---|---|---|
| 2024 | 2023 | |
| (in millions except number of shares and per share amounts) | ||
| Assets | ||
| Investments: | ||
| Fixed maturity securities available for sale, at fair value (amortized cost – $7,524.8 and $7,292.4 at December 31, 2024 and 2023, respectively) | $7,175.1 | $6,912.1 |
| Equity securities at fair value | 208.5 | 223.0 |
| Commercial mortgage loans on real estate, at amortized cost (net of allowances for credit losses of $6.5 and $4.0 at December 31, 2024 and 2023, respectively) | 342.5 | 328.7 |
| Short-term investments | 281.6 | 258.1 |
| Other investments | 536.8 | 499.0 |
| Total investments | 8,544.5 | 8,220.9 |
| Cash and cash equivalents | 1,807.7 | 1,627.4 |
| Premiums and accounts receivable (net of allowances for credit losses of $7.2 and $9.0 at December 31, 2024 and 2023, respectively) | 2,054.0 | 2,265.6 |
| Reinsurance recoverables (net of allowances for credit losses of $5.0 and $4.8 at December 31, 2024 and 2023, respectively) | 7,579.5 | 6,649.2 |
| Accrued investment income | 130.5 | 97.0 |
| Deferred acquisition costs | 9,992.8 | 9,967.2 |
| Property and equipment, net | 768.3 | 685.8 |
| Goodwill | 2,616.0 | 2,608.8 |
| Value of business acquired | 8.0 | 83.9 |
| Other intangible assets, net | 535.6 | 567.1 |
| Other assets (net of allowances for credit losses of $0.6 and $0.7 at December 31, 2024 and 2023, respectively) | 983.7 | 862.3 |
| Total assets | $35,020.6 | $33,635.2 |
| Liabilities | ||
| Future policy benefits and expenses | $536.7 | $487.2 |
| Unearned premiums | 20,211.4 | 20,110.4 |
| Claims and benefits payable | 2,914.2 | 1,989.2 |
| Commissions payable | 559.6 | 542.8 |
| Reinsurance balances payable | 493.2 | 430.1 |
| Funds held under reinsurance | 277.7 | 392.7 |
| Accounts payable and other liabilities (including allowances for credit losses of $1.4 and $8.3 at December 31, 2024 and 2023) | 2,838.0 | 2,792.7 |
| Debt | 2,083.1 | 2,080.6 |
| Total liabilities | 29,913.9 | 28,825.7 |
| Commitments and contingencies (Note 26) | ||
| Stockholders’ equity | ||
| Common stock, par value $0.01 per share, 800,000,000 shares authorized, 53,129,838 and 54,252,083 shares issued and 50,833,749 and 51,955,994 shares outstanding at December 31, 2024 and 2023, respectively | 0.5 | 0.6 |
| Additional paid-in capital | 1,686.8 | 1,668.5 |
| Retained earnings | 4,378.3 | 4,028.2 |
| Accumulated other comprehensive loss | (836.1) | (765.0) |
| Treasury stock, at cost; 2,296,089 shares at December 31, 2024 and 2023 | (122.8) | (122.8) |
| Total equity | 5,106.7 | 4,809.5 |
| Total liabilities and equity | $35,020.6 | $33,635.2 |
.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.