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Assurant AIZ Property and liability insurance — Direct 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:PolicyholderBenefitsAndClaimsIncurredGross.

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
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
Life Insurance in Force$7,097.2$4,659.9$0.2$2,437.5
Premiums:

Item 16. Form 10-K Summary

FAQ

What is Assurant's property and liability insurance — direct policyholder benefits?
Assurant (AIZ) reported property and liability insurance — direct policyholder benefits of $1.98B in Q4 2025.
How has Assurant's property and liability insurance — direct policyholder benefits changed year-over-year?
Assurant's property and liability insurance — direct policyholder benefits decreased by 9.1% year-over-year, from $2.18B to $1.98B.
What is the long-term trend for Assurant's property and liability insurance — direct policyholder benefits?
Over 4 years (2021 to 2025), Assurant's property and liability insurance — direct policyholder benefits has grown at a 7.8% compound annual growth rate (CAGR), from $5.87B to $7.93B.
What does property and liability insurance — direct policyholder benefits mean?
Represents the total claims and benefits incurred by the segment for policyholders before the impact of reinsurance recoveries. This reflects the gross cost of claims activity.

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