Assurant AIZ Small Commercial Insurance — 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 small commercial insurance — prior years?
- Assurant (AIZ) reported small commercial insurance — prior years of $0 in Q4 2025.
- How has Assurant's small commercial insurance — prior years changed year-over-year?
- Assurant's small commercial insurance — prior years decreased by 100.0% year-over-year, from $325K to $0.
- What is the long-term trend for Assurant's small commercial insurance — prior years?
- Over 4 years (2021 to 2025), Assurant's small commercial insurance — prior years has grown at a -100.0% compound annual growth rate (CAGR), from $16.2M to $0.
- What does small commercial insurance — prior years mean?
- This metric represents the net change in estimated losses and loss adjustment expenses for claims occurring in previous reporting periods. It reflects the impact of reserve development, where adjustments are made as more information becomes available regarding the ultimate cost of settled or outstanding claims. Positive values indicate unfavorable development requiring additional reserves, while negative values indicate favorable development and reserve releases.
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