Assurant AIZ Non-core operations — Prior years
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Where this comes from
Reported directly by Assurant in its filing.
Tagged under the XBRL concept us-gaap:SupplementalInformationForPropertyCasualtyInsuranceUnderwritersPriorYearClaimsAndClaimsAdjustmentExpense.
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
For the years ended December 31, 2025, 2024 and 2023, non-core operations contributed net unfavorable loss development of $3.0 million, $13.6 million, and $40.1 million, including $0.0 million, $1.3 million and $(0.5) million from small commercial and $3.0 million, $12.3 million and $40.6 million from sharing economy products, respectively. The Company stopped writing new small commercial business in 2019 and the claims are in runoff. In 2023, the Company entered into a retroactive reinsurance treaty to cover certain known losses and adverse development up to a $50.0 million aggregate limit, relating to the small commercial business. For the year ended December 31, 2025, the net unfavorable development was primarily attributable to sharing economy due to the deterioration in the anticipated portion and amount of claims exceeding the per policy deductible. For the year ended December 31, 2024, the net unfavorable development in sharing economy was attributable to reserve increases related to higher settlement values, primarily for accident years 2019 and 2020. For the year ended December 31, 2023, the net unfavorable development from sharing economy was driven by emerging adverse claim development trends on known claims as well as reserve assumption revisions to reflect relevant industry benchmarks.
Item 16. Form 10-K Summary
FAQ
- What is Assurant's non-core operations — prior years?
- Assurant (AIZ) reported non-core operations — prior years of $750K in Q4 2025.
- How has Assurant's non-core operations — prior years changed year-over-year?
- Assurant's non-core operations — prior years decreased by 77.9% year-over-year, from $3.4M to $750K.
- What is the long-term trend for Assurant's non-core operations — prior years?
- Over 4 years (2021 to 2025), Assurant's non-core operations — prior years has grown at a -40.1% compound annual growth rate (CAGR), from $23.3M to $3M.
- What does non-core operations — prior years mean?
- This metric represents the financial impact or reserve adjustments related to insurance claims originating from policy periods prior to the current reporting year. It reflects the development of loss reserves as actual claim settlements deviate from initial actuarial estimates for legacy business lines. Monitoring this helps investors assess the accuracy of historical underwriting assumptions and the potential for reserve strengthening or releases.
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