0001267238-26-000010
SEC filingAssurant, Inc. reported total revenues of $12.81 billion for fiscal year 2025, driven primarily by net earned premiums of $10.48 billion, fees and other income of $1.88 billion, and net investment income of $527.3 million. The company achieved net income of $872.7 million, with income before income tax expense of $1.09 billion. Earnings per share were $17.00 for both basic and diluted calculations. Total assets stood at $36.29 billion, with total liabilities of $30.42 billion and total equity of $5.87 billion. The company generated $1.83 billion in net cash from operating activities, while using $1.46 billion in investing activities and $364.2 million in financing activities. The document does not provide prior year comparative figures for most metrics, limiting year-over-year analysis.
Assurant, Inc. reported financial results for fiscal year 2025 ending December 31, 2025. The company generated total revenues of $12.81 billion, consisting of net earned premiums ($10.48 billion), fees and other income ($1.88 billion), net investment income ($527.3 million), and net realized losses on investments (-$71.8 million). Net income was $872.7 million, resulting from income before income tax expense of $1.09 billion and income tax expense of $214.7 million. Earnings per share were $17.00 for both basic and diluted calculations, based on weighted average common shares outstanding of 50.5 million (basic) and 51.1 million (diluted). The document does not provide prior year comparative figures for most metrics, limiting year-over-year analysis.
The company's revenue composition shows a diversified stream with insurance operations as the primary driver. Net earned premiums of $10.48 billion represent the core insurance revenue, while fees and other income of $1.88 billion indicate additional service-based revenue streams. Net investment income of $527.3 million reflects returns from the company's investment portfolio. The net realized losses on investments of -$71.8 million include impairment-related losses of $6.7 million for 2025. No segment breakdown, geographic mix, or specific growth drivers are disclosed in the provided data.
Total benefits, losses and expenses were $11.73 billion, consisting of policyholder benefits ($2.93 billion), underwriting, selling, general and administrative expenses ($8.69 billion), interest expense ($109.7 million), and loss on extinguishment of debt (-$1.3 million). The company's operating margin cannot be calculated from the provided data as operating income is not separately disclosed. The cost structure shows significant underwriting, selling, general and administrative expenses representing the largest expense category at $8.69 billion.
The company generated strong operating cash flow of $1.83 billion, with net income of $872.7 million adjusted for various non-cash items including depreciation and amortization ($250.0 million), deferred tax expense ($101.4 million), and stock-based compensation expense ($85.7 million). Investing activities used $1.46 billion primarily for purchases of fixed maturity securities ($3.08 billion) partially offset by sales and maturities. Financing activities used $364.2 million for debt repayment ($176.3 million), common stock acquisition ($303.7 million), and dividends ($168.4 million). The balance sheet shows total assets of $36.29 billion including investments ($10.06 billion), cash and cash equivalents ($1.83 billion), and deferred acquisition costs ($10.19 billion). Total liabilities were $30.42 billion including unearned premiums ($20.88 billion) and debt ($2.21 billion). Total equity was $5.87 billion.
The provided document does not contain management guidance, strategic priorities, or specific risk factors that would typically be found in the Management's Discussion and Analysis section of a 10-K filing. No forward-looking statements or outlook information is available in the extracted financial data.