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Assurant AIZ Short Duration — Incurred But Not Reported Reserves

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JRVRExcess and Surplus Lines — Liability for Unpaid Claims and Claims Adjustment Expense, Incurred but Not Reported (IBNR) Claims, Amount
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ACTOther reserves — Loss reserves
$6.93M+23.0%

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:LiabilityForUnpaidClaimsAndClaimsAdjustmentExpenseIncurredButNotReportedIBNRClaimsAmount.

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
Line itemDecember 31, 2025 / Future Policy Benefits and ExpensesDecember 31, 2025 / Unearned PremiumsDecember 31, 2025 / Claims and Benefits Payable / Case ReservesDecember 31, 2025 / Claims and Benefits Payable / Incurred But Not Reported ReservesDecember 31, 2024 / Future Policy Benefits and ExpensesDecember 31, 2024 / Unearned PremiumsDecember 31, 2024 / Claims and Benefits Payable / Case ReservesDecember 31, 2024 / Claims and Benefits Payable / Incurred But Not Reported Reserves
Long Duration Contracts:
Non-core operations (1)$48.4$0.1$0.9$1.0$52.5$1.2$0.9
All other disposed or runoff businesses (2)7.30.1484.21.70.1
Short Duration Contracts:
Global Lifestyle18,910.1148.7579.918,368.4149.0572.7
Global Housing1,944.7151.1987.81,813.6828.71,056.6
Non-core operations (1)7.530.256.55.835.585.9
All other disposed or runoff businesses (2)19.061.783.321.981.7101.9

Item 16. Form 10-K Summary

FAQ

What is Assurant's short duration — incurred but not reported reserves?
Assurant (AIZ) reported short duration — incurred but not reported reserves of $1.57B in Q4 2025.
How has Assurant's short duration — incurred but not reported reserves changed year-over-year?
Assurant's short duration — incurred but not reported reserves decreased by 3.8% year-over-year, from $1.63B to $1.57B.
What does short duration — incurred but not reported reserves mean?
The estimated liability for claims that have occurred but have not yet been reported to the insurance company. This is a critical actuarial estimate used to ensure sufficient capital is held for future claim payments.

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