What does global preneed — other income mean?

Non-core revenue generated by the preneed insurance business segment.

How do you interpret global preneed — other income?

An increase suggests successful diversification of revenue streams or higher service fee volume, while a decrease may indicate a contraction in ancillary service demand.

How does global preneed — other income compare across companies?

Similar to 'Other Revenue' or 'Fee Income' reported by life and annuity insurance peers.

Assurant AIZ Global Preneed — Other Income

Discontinued — last reported Q4 '20

Similar metrics at other companies

GLOperating Segments — Other Income

$323K-28.4%

WRBReinsurance Global — Other Revenues

$0—

HIGP&C Personal Insurance — Other Income

$22M+10.0%

HIGP&C Business Insurance — Other Income

$0-100%

PGRUnderwriting Operations — Fees and other revenues

$297M+3.5%

UNMColonial Life — Other Income

$700K+75.0%

Other financials

Income statement

See full

Revenue$3.4B+11.3%

Net income$274.1M+87.0%

EPS (diluted)$5.41+91.2%

Balance sheet

See full

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

See full

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/S1×-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 / equity0×0.0×

Where this comes from

Reported directly by Assurant in its filing.

Tagged under the XBRL concept us-gaap:OtherIncome.

The official record: Assurant’s 10-K, filed February 19, 2021, on SEC EDGAR. View the filing →

Questions, answered.

What does global preneed — other income mean?: Non-core revenue generated by the preneed insurance business segment.
How do you interpret global preneed — other income?: An increase suggests successful diversification of revenue streams or higher service fee volume, while a decrease may indicate a contraction in ancillary service demand.
How does global preneed — other income compare across companies?: Similar to 'Other Revenue' or 'Fee Income' reported by life and annuity insurance peers.