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Assurant AIZ Life insurance — Policyholder benefits

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Other financials

Income statement

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Revenue$3.5B+9.4%
Net income$298.6M+26.9%
EPS (diluted)$5.95+30.5%

Balance sheet

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Cash & equivalents$1.7B+14.3%
Total debt$73.9M+18.4%
Total equity$6.1B+10.9%
Total assets$36.1B+1.6%

Cash flow

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Operating cash flow$454.4M+71.1%
CapEx$45.2M-24.5%
Free cash flow$409.2M+99.0%

Valuation

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Market cap$14.94B+40.3%
P/E14.1×-0.8×
P/S1.1×+0.2×

Profitability

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Net margin7.9%+2.1pp
FCF margin12.3%+4.4pp

Returns & leverage

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Return on equity18.3%+4.7pp
Debt / equity0.0×

Where this comes from

Reported directly by Assurant in its filing.

Tagged under the XBRL concept us-gaap:PolicyholderBenefitsAndClaimsIncurredNet.

The source filing: Assurant’s 10-K, filed February 19, 2026.

Filed
Feb 19, 2026, 4:19 PM EST
Fiscal year
FY2025
Accession
0001267238-26-000010
Year Ended December 31, 2025Direct Amount / (in millions)Ceded to Other Companies / (in millions)Assumed from Other Companies / (in millions)Net Amount / (in millions)Percentage of Amount Assumed to Net
Property and liability insurance18,855.58,926.9405.910,334.53.9%
Total earned premiums$19,392.1$9,317.4$408.2$10,482.93.9%
Benefits:
Life insurance$34.4$24.2$10.2
Accident and health insurance52.942.00.211.11.8%
Property and liability insurance7,925.35,261.4242.62,906.58.3%
Total policyholder benefits$8,012.6$5,327.6$242.8$2,927.88.3%
Year Ended December 31, 2024

Item 16. Form 10-K Summary

FAQ

What is Assurant's life insurance — policyholder benefits?
Assurant (AIZ) reported life insurance — policyholder benefits of $2.55M in Q4 2025.
How has Assurant's life insurance — policyholder benefits changed year-over-year?
Assurant's life insurance — policyholder benefits decreased by 18.4% year-over-year, from $3.13M to $2.55M.
What is the long-term trend for Assurant's life insurance — policyholder benefits?
Over 4 years (2021 to 2025), Assurant's life insurance — policyholder benefits has grown at a -12.0% compound annual growth rate (CAGR), from $17M to $10.2M.
What does life insurance — policyholder benefits mean?
The net expense incurred for policyholder benefits after accounting for reinsurance recoveries and assumed liabilities. This is the final cost of claims that impacts the segment's profitability. It is a core metric for assessing the underwriting performance of the life insurance segment.

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