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Assurant AIZ Assurant Solutions — Income Tax Reconciliation Nondeductible Expense Restructuring Charges

Discontinued — last reported Q2 '15

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Other financials

Income statement

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Revenue$3.4B+11.3%
Net income$274.1M+87.0%
EPS (diluted)$5.41+91.2%

Balance sheet

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Cash & equivalents$1.6B-4.7%
Total debt$73.9M+18.4%
Total equity$5.9B+12.1%
Total assets$35.8B+2.2%

Cash flow

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Operating cash flow$240.3M-38.8%
CapEx$47.7M-10.7%
Free cash flow$192.6M-43.2%

Valuation

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Market cap$12.88B+1.6%
P/E12.9×-6.0×
P/S-0.1×

Profitability

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Net margin7.6%+2.0pp
FCF margin11%-0.7pp

Returns & leverage

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Return on equity18%+4.8pp
Debt / equity0.0×

Where this comes from

Reported directly by Assurant in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxReconciliationNondeductibleExpenseRestructuringCharges.

The official record: Assurant’s 10-Q, filed August 2, 2016, on SEC EDGAR. View the filing →

Questions, answered.

What does assurant solutions — income tax reconciliation nondeductible expense restructuring charges mean?
The amount of restructuring costs in the Global Lifestyle segment that cannot be used to reduce taxable income.
How do you interpret assurant solutions — income tax reconciliation nondeductible expense restructuring charges?
An increase indicates higher non-deductible costs associated with organizational changes, which negatively impacts the net effective tax rate and reduces the tax shield benefit of restructuring.
How does assurant solutions — income tax reconciliation nondeductible expense restructuring charges compare across companies?
Comparable to 'non-deductible restructuring charges' or 'permanent tax differences from reorganization' found in the tax reconciliation notes of other diversified insurance and service providers.