Overview Financials News + Filings Key Docs Charts Ownership Insiders
|
|
ASSURANT, INC. (AIZ)
|
|
| Income Statement |
|
|
|
|
Annual | Quarterly | TTM |
|
| In millions, except per share items | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 | Dec-31-14 |
| | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K | 10-K |
| Revenues: |
| Global Lifestyle | 7,949.0 | 7,531.9 | 7,345.0 | 5,372.7 | 3,510.8 | 3,819.2 | 3,760.9 | 3,757.6 |
| Global Housing | 2,077.6 | 2,050.1 | 2,128.9 | 2,170.0 | 2,250.6 | 2,361.5 | 2,543.0 | 2,909.1 |
| Global Preneed | | | | 467.5 | 443.0 | 431.1 | 417.3 | 421.8 |
| Corporate & Other | 161.0 | 13.5 | 95.2 | 47.4 | 210.6 | | | 79.3 |
| Other | | | | | | 920.0 | 3,604.3 | 3,214.0 |
| Total revenues | 10,187.6 | 9,595.5 | 9,569.1 | 8,057.6 | 6,415.0 | 7,531.8 | 10,325.5 | 10,381.7 |
| Revenue growth | 6.2% | 0.3% | 18.8% | 25.6% | -14.8% | -27.1% | -0.5% | 14.7% |
| Loss and loss adjustment expenses | 2,195.7 | 2,264.9 | 2,385.7 | 2,342.6 | 1,870.6 | 1,808.5 | 4,742.5 | 4,405.3 |
| Policy acquisition costs | 3,268.0 | 2,756.4 | 2,103.9 | 1,475.5 | 1,332.1 | 1,342.2 | 1,394.3 | 1,477.6 |
| Investment expenses | 13.8 | 20.5 | 20.3 | 23.3 | 21.9 | 17.7 | 23.3 | 25.8 |
| Other operating expenses | 3,815.3 | 3,868.4 | 4,493.9 | 3,782.4 | 2,696.4 | 3,457.2 | 3,909.1 | 3,670.4 |
| Equity in earnings | | | | | 31.0 | 169.1 | 36.8 | -60.8 |
| EBITDA | 1,045.7 | 827.6 | 659.4 | 560.7 | 609.7 | 1,037.9 | 393.4 | 934.7 |
| EBITDA margin | 10.3% | 8.6% | 6.9% | 7.0% | 9.5% | 13.8% | 3.8% | 9.0% |
| Depreciation | 171.6 | 142.3 | 125.5 | 126.9 | 115.7 | 125.1 | 137.1 | 132.2 |
| EBIT | 874.1 | 685.3 | 533.9 | 433.8 | 494.0 | 912.8 | 256.3 | 802.5 |
| EBIT margin | 8.6% | 7.1% | 5.6% | 5.4% | 7.7% | 12.1% | 2.5% | 7.7% |
| Interest expense, net [+] | 132.5 | 104.5 | 142.0 | 100.3 | 49.5 | 87.2 | 62.3 | 58.5 |
| Interest expense | 111.8 | 104.5 | 110.6 | 100.3 | 49.5 | 57.6 | 55.1 | 58.4 |
| Interest income | -20.7 | | -31.4 | | | -29.6 | -7.2 | -0.1 |
| Pre-tax income | 783.0 | 580.8 | 454.7 | 333.5 | 444.5 | 848.6 | 201.2 | 744.1 |
| Income taxes | 169.5 | 60.4 | 148.3 | 80.9 | -75.1 | 283.2 | 59.6 | 273.2 |
| Tax rate | 21.6% | 10.4% | 32.6% | 24.3% | | 33.4% | 29.6% | 36.7% |
| Minority interest | | 0.9 | 4.2 | 1.6 | | | | |
| Earnings from continuing ops | 608.8 | 500.8 | 283.5 | 236.8 | 519.6 | 565.4 | 141.6 | 470.9 |
| Earnings from discontinued ops | 758.9 | -77.7 | 80.4 | | | | | |
| Net income | 1,367.7 | 423.1 | 363.9 | 236.8 | 519.6 | 565.4 | 141.6 | 470.9 |
| Net margin | 13.4% | 4.4% | 3.8% | 2.9% | 8.1% | 7.5% | 1.4% | 4.5% |
| |
| Basic EPS | $10.29 | $8.33 | $4.58 | $4.00 | $9.45 | $9.23 | $2.08 | $6.52 |
| Diluted EPS | $10.13 | $7.93 | $4.55 | $3.98 | $9.39 | $9.13 | $2.05 | $6.44 |
| |
| Shares outstanding (basic) | 59.1 | 60.1 | 61.9 | 59.2 | 55.0 | 61.3 | 68.2 | 72.2 |
| Shares outstanding (diluted) | 60.1 | 63.2 | 62.3 | 59.5 | 55.3 | 61.9 | 69.0 | 73.2 |
| |
| EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
|