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Assurant AIZ Property and liability 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
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 — policyholder benefits?
Assurant (AIZ) reported property and liability insurance — policyholder benefits of $726.63M in Q4 2025.
How has Assurant's property and liability insurance — policyholder benefits changed year-over-year?
Assurant's property and liability insurance — policyholder benefits increased by 5.8% year-over-year, from $686.93M to $726.63M.
What is the long-term trend for Assurant's property and liability insurance — policyholder benefits?
Over 4 years (2021 to 2025), Assurant's property and liability insurance — policyholder benefits has grown at a 7.6% compound annual growth rate (CAGR), from $2.17B to $2.91B.
What does property and liability insurance — policyholder benefits mean?
Represents the net cost of claims and benefits incurred by the segment after accounting for reinsurance recoveries and assumed claims. This is the final impact of claims on the segment's underwriting results.

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