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Assurant AIZ Universal Life — Crediting interest rates on universal life funds

Discontinued — last reported Q4 '22

Similar metrics at other companies

The Hartford Financial Services Group logo
HIGUniversal Life — Policyholder Account Balance, above Guaranteed Minimum Crediting Rate
$229M-7.7%
MetLife logo
METUniversal and Variable Universal Life — Weighted-average annual crediting rate
3.1%+0.2pp
Cincinnati Financial logo
CINFUniversal life — Interest accrual
$1M0.0%
Ameriprise Financial logo
AMPUniversal Life Insurance — Weighted-average crediting rate
3.6%+0.1pp
Ameriprise Financial logo
AMPUniversal life insurance — Range of Guaranteed Minimum Crediting Rates
$0.050.0%
MetLife logo
METUniversal and Variable Universal Life — Weighted-average interest accretion rate
7%0.0pp

Other financials

Income statement

See full
Revenue$3.4B+11.3%
Net income$274.1M+87.0%
EPS (diluted)$5.41+91.2%

Balance sheet

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Cash & equivalents$1.6B-4.7%
Total debt$73.9M+18.4%
Total equity$5.9B+12.1%
Total assets$35.8B+2.2%

Cash flow

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Operating cash flow$240.3M-38.8%
CapEx$47.7M-10.7%
Free cash flow$192.6M-43.2%

Valuation

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Market cap$12.88B+1.6%
P/E12.9×-6.0×
P/S-0.1×

Profitability

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Net margin7.6%+2.0pp
FCF margin11%-0.7pp

Returns & leverage

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Return on equity18%+4.8pp
Debt / equity0.0×

Where this comes from

Reported directly by Assurant in its filing.

Tagged under the XBRL concept aiz:CreditedInterestRatesWhichVaryByProductAndTimeWhenFundsReceivedOnUniversalLifeFunds.

The official record: Assurant’s 10-K, filed February 17, 2023, on SEC EDGAR. View the filing →

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Questions, answered.

What is Assurant's universal life — crediting interest rates on universal life funds?
Assurant (AIZ) reported universal life — crediting interest rates on universal life funds of 1% in Q4 2022.
How has Assurant's universal life — crediting interest rates on universal life funds changed year-over-year?
Assurant's universal life — crediting interest rates on universal life funds decreased by 0.0% year-over-year, from 1% to 1%.
What does universal life — crediting interest rates on universal life funds mean?
The interest rate paid by the insurer on the cash value held within universal life insurance policies.
How do you interpret universal life — crediting interest rates on universal life funds?
An increase in crediting rates may improve product competitiveness and customer retention but can compress net interest margins if investment yields do not rise proportionally. A decrease may improve profitability but risks policy lapses or reduced new business sales.
How does universal life — crediting interest rates on universal life funds compare across companies?
Peers in the life insurance sector typically disclose these rates to demonstrate product competitiveness and interest rate risk management relative to the broader yield environment.