What does global preneed — unearned premiums mean?

The value of insurance premiums collected for future coverage that has not yet been provided.

How do you interpret global preneed — unearned premiums?

An increase suggests growth in the preneed policy base, while a decrease may indicate policy cancellations or a shift in sales volume.

How does global preneed — unearned premiums compare across companies?

Standard liability item for life and preneed insurers; peers typically report this as unearned premium reserves.

Assurant AIZ Global Preneed — Unearned premiums

Discontinued — last reported Q4 '20

Similar metrics at other companies

AFGProperty and casualty insurance — Unearned premiums

$3.74B+4.2%

PRUGroup Insurance — Unearned Premiums

$94M-61.8%

GLInvestment — Unearned and advance premium

$0—

PRUInternational Businesses — Unearned Premiums

$77M-11.5%

GLHealth — Unearned Premiums

$43.36M-2.6%

PRULife Planner — Unearned Premiums

$1M-50.0%

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

See full

Market cap$12.88B+1.6%

P/E12.9×-6.0×

P/S1×-0.1×

Profitability

See full

Net margin7.6%+2.0pp

FCF margin11%-0.7pp

Returns & leverage

See full

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:SupplementaryInsuranceInformationUnearnedPremiums.

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

Questions, answered.

What does global preneed — unearned premiums mean?: The value of insurance premiums collected for future coverage that has not yet been provided.
How do you interpret global preneed — unearned premiums?: An increase suggests growth in the preneed policy base, while a decrease may indicate policy cancellations or a shift in sales volume.
How does global preneed — unearned premiums compare across companies?: Standard liability item for life and preneed insurers; peers typically report this as unearned premium reserves.