The company maintains a conservative financial position, evidenced by a low debt-to-equity ratio of 0.38 and a total equity base that grew to $5.9 billion by 2026Q1.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | Dec'11 | Dec'10 | Dec'09 | Dec'08 | Dec'07 | Dec'06 | Dec'05 | Dec'04 | Dec'03 | Dec'02 |
|---|
| Total Assets | 33.55B | 36.29B | 35.02B | 33.64B | 33.12B | 33.92B | 44.65B | 44.29B | 41.09B | 31.84B | 29.71B | 30.08B | 31.56B | 29.71B | 28.95B | 27.12B | 26.4B | 25.84B | 24.51B | 26.75B | 25.17B | 25.37B | 24.5B | 23.73B | 22.63B |
| Asset Growth % | 5.96% | 3.62% | 4.12% | 1.56% | -2.37% | -24.03% | 0.81% | 7.79% | 29.04% | 7.18% | -1.22% | -4.71% | 6.22% | 2.65% | 6.75% | 2.72% | 2.15% | 5.41% | -8.36% | 6.3% | -0.79% | 3.52% | 3.27% | 4.83% | - |
| Total Investment Assets | 4M | 10.06B | 8.54B | 8.22B | 7.52B | 8.67B | 8.22B | 16.59B | 15.09B | 12.3B | 11.48B | 12.99B | 14.04B | 14.15B | 14.88B | 13.93B | 13.52B | 13.16B | 12.07B | 13.75B | 11.5B | 10.69B | 1.12B | 9.53B | 0 |
| Long-Term Investments | 33.28B | 7.34B | 1.09B | 6.11B | 1.09B | 1.21B | 7.4B | 15.13B | 13.69B | 11.06B | 10.22B | 11.22B | 12.11B | 12.22B | 12.95B | 12B | 11.44B | 10.93B | 9.77B | 11.17B | 10.17B | 10.63B | 10B | 9.46B | 0 |
| Short-Term Investments | 8.78B | 2.72B | 7.46B | 2.11B | 6.44B | 7.46B | 7.11B | 12.72B | 11.63B | 9.95B | 9.8B | 10.72B | 11.61B | 11.76B | 12.47B | 11.63B | 358.7M | 453.47M | 703.4M | 410.88M | 314.11M | 977.23M | 300.09M | 275.88M | 0 |
| Total Current Assets | 12.4B | 13.15B | 19.03B | 12.75B | 17.47B | 17.69B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash & Equivalents | 1.59B | 1.83B | 1.81B | 1.63B | 1.54B | 2.04B | 2.21B | 1.87B | 1.25B | 996.8M | 1.03B | 1.29B | 1.32B | 1.72B | 909.4M | 1.17B | 1.15B | 1.32B | 1.04B | 804.96M | 987.67M | 855.57M | 807.08M | 958.2M | 0 |
| Receivables | 29.1B | 8.6B | 9.76B | 9.01B | 9.49B | 8.19B | 8.15B | 11.29B | 10.81B | 11.15B | 10.32B | 8.76B | 8.72B | 6.83B | 7B | 6.06B | 542.93M | 507.93M | 557.34M | 606.39M | 612.01M | 458.66M | 435.46M | 4.95B | 0 |
| Other Current Assets | 0 | 0 | 0 | 0 | 0 | 0 | -17.47B | -25.88B | -23.69B | -22.1B | -21.15B | -20.77B | -21.64B | -20.31B | -20.39B | -18.86B | -2.05B | -2.28B | -2.3B | -1.82B | -1.91B | -2.29B | -1.54B | -6.19B | 0 |
| Goodwill & Intangibles | 42.63B | 13.36B | 13.14B | 13.23B | 13.18B | 12.69B | 4.44B | 4.89B | 6.1B | 1.23B | 1.1B | 1.15B | 1.27B | 1.19B | 965.82M | 1.01B | 1.01B | 1.02B | 1B | 832.66M | 790.52M | 804.86M | 993.72M | 828.52M | 0 |
| Goodwill | 2.65B | 2.65B | 2.62B | 2.61B | 2.6B | 2.57B | 2.59B | 2.34B | 2.32B | 917.7M | 830.9M | 833.51M | 841.24M | 784.56M | 640.71M | 639.1M | 619.78M | 926.4M | 1B | 832.66M | 790.52M | 804.86M | 823.05M | 828.52M | 0 |
| Intangible Assets | 511.1M | 10.71B | 10.53B | 10.62B | 10.58B | 10.11B | 1.85B | 2.54B | 3.78B | 313M | 272.4M | 318.32M | 427.42M | 408.19M | 325.1M | 374.85M | 393.72M | 94.63M | 0 | 0 | 0 | 0 | 993.72M | 0 | 0 |
| PP&E (Net) | 0 | 841.7M | 768.3M | 685.8M | 645.1M | 561.4M | 446.1M | 433.7M | 392.5M | 347.6M | 343.6M | 298.41M | 277.64M | 253.63M | 250.8M | 242.91M | 267.17M | 275.42M | 278.62M | 275.78M | 275.2M | 267.72M | 277.09M | 283.76M | 0 |
| Other Assets | 19.08B | 1.6B | 991.7M | 862.3M | 738.3M | 1.78B | -12.28B | -20.46B | -20.19B | -12.64B | -11.67B | -12.67B | -13.65B | -13.67B | -14.16B | -13.25B | -12.72B | -12.23B | -11.05B | -12.28B | -11.24B | -11.7B | -11.28B | -10.57B | 0 |
| Total Liabilities | 29.9B | 30.42B | 29.91B | 28.83B | 28.89B | 28.46B | 38.7B | 38.61B | 35.96B | 27.56B | 25.61B | 25.55B | 26.38B | 24.88B | 23.76B | 22.09B | 21.62B | 20.99B | 20.81B | 22.64B | 21.31B | 21.64B | 20.84B | 20.88B | 20.08B |
| Total Debt | 2.21B | 2.21B | 2.08B | 2.08B | 2.13B | 2.2B | 2.25B | 2.01B | 2.01B | 1.07B | 1.07B | 1.17B | 1.17B | 1.64B | 972.4M | 972.28M | 972.16M | 972.06M | 971.96M | 1.51B | 971.77M | 971.69M | 1.51B | 1.75B | 0 |
| Net Debt | 615.8M | 372.8M | 275.4M | 453M | 593.2M | 161.7M | 45.3M | 139.8M | 752M | 71.4M | 35M | -123.65M | -147.58M | -79.07M | 62.99M | -194.44M | -178.35M | -346.49M | -68.73M | 166.9M | 350.06M | 116.12M | 164.53M | 791.8M | 0 |
| Long-Term Debt | 2.21B | 2.21B | 2.08B | 2.08B | 1.91B | 2.2B | 2.25B | 2.01B | 2.01B | 1.07B | 1.07B | 1.16B | 1.17B | 1.64B | 972.4M | 972.28M | 972.16M | 972.06M | 971.96M | 971.86M | 971.77M | 971.69M | 971.61M | 1.75B | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 224.7M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 23.89B | 23.96B | 23.47B | 23.74B | 21.73B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accounts Payable | 0 | 2.1B | 2.91B | 2.42B | 2.7B | 2.05B | 1.97B | 3.05B | 3.14B | 3.93B | 3.4B | 4.03B | 3.86B | 3.5B | 4.06B | 3.57B | 1.44B | 1.48B | 1.52B | 1.44B | 1.38B | 1.35B | 1.33B | 1.36B | 0 |
| Deferred Revenue | 20.9B | 20.88B | 20.21B | 20.11B | 19.8B | 18.62B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 134.03M | 154.49M | 164.9M | 187.36M | 216.77M | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | -20.9B | 266.4M | 277.7M | 392.7M | 366.6M | 364.2M | -2.67B | -3.59B | -3.48B | -4.29B | -3.78B | -4.42B | -4.34B | -3.93B | -4.4B | -3.99B | -5.27B | -5.26B | -5.24B | -5.22B | -5.13B | -5.66B | -5.39B | -3.99B | 0 |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1000K | 1000K | 1000K | 0 | 0 | 0 | 1000K | 1000K | 1000K | 1000K | 0 | 0 |
| Other Liabilities | 2.11B | 4.32B | 3.87B | 3.28B | 3.24B | 4.52B | -2.25B | -2.01B | -2.06B | -1.2B | -1.3B | -1.26B | -1.27B | -1.87B | -1.25B | -1.14B | -972.16M | -972.06M | -971.96M | -1.08B | -1.39B | -1.02B | -975.84M | -1.75B | 0 |
| Total Equity | 5.87B | 5.87B | 5.11B | 4.81B | 4.23B | 5.46B | 5.95B | 5.68B | 5.13B | 4.28B | 4.1B | 4.52B | 5.18B | 4.83B | 5.19B | 5.03B | 4.78B | 4.85B | 3.71B | 4.11B | 3.85B | 3.72B | 3.66B | 2.85B | 2.56B |
| Equity Growth % | 46.56% | 14.98% | 6.18% | 13.73% | -22.61% | -8.24% | 4.8% | 10.68% | 19.91% | 4.48% | -9.41% | -12.69% | 7.2% | -6.79% | 3.15% | 5.15% | -1.5% | 30.83% | -9.75% | 6.62% | 3.52% | 1.75% | 28.29% | 11.64% | - |
| Shareholders Equity | 5.87B | 5.87B | 5.11B | 4.81B | 4.23B | 5.46B | 5.95B | 5.65B | 5.11B | 4.27B | 4.1B | 4.52B | 5.18B | 4.83B | 5.19B | 5.03B | 4.78B | 4.85B | 3.71B | 4.09B | 3.83B | 3.7B | 3.64B | 2.63B | 2.56B |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 3.4M | 29.3M | 21.9M | 10.9M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21.16M | 22.16M | 24.16M | 24.16M | 220.38M | 0 |
| Retained Earnings | 4.95B | 4.83B | 4.38B | 4.03B | 3.7B | 4.04B | 3.55B | 5.97B | 5.76B | 4.04B | 4B | 4.41B | 4.63B | 4.41B | 4B | 3.59B | 3.26B | 3.05B | 2.65B | 2.27B | 1.68B | 1.01B | 569.61M | 248.72B | 0 |
| Common Stock | 6.5B | 500K | 500K | 600K | 600K | 700K | 600K | 1.6M | 1.6M | 1.5M | 1.5M | 1.5M | 1.49M | 1.48M | 1.47M | 1.46M | 1.45M | 1.45M | 1.44M | 1.44M | 1.43M | 1.43M | 1.42M | 1.09M | 0 |
| Accumulated OCI | -629M | -544.2M | -836.1M | -765M | -986.2M | -150M | 709.8M | 411.5M | -155.4M | 234M | 94.6M | 118.55M | 555.77M | 426.83M | 830.4M | 554.87M | 285.52M | 65.92M | -670.95M | 53.91M | 88.06M | 219.5M | 338.16M | 318.53M | 0 |
| Return on Equity (ROE) | 17.4% | 15.9% | 15.33% | 14.22% | 5.71% | 23.85% | 7.58% | 7.07% | 5.33% | 12.4% | 13.11% | 2.92% | 9.4% | 9.76% | 9.47% | 10.99% | 5.8% | 10.06% | 11.45% | 16.42% | 18.93% | 12.98% | 10.77% | 6.87% | -39.18% |
| Return on Assets (ROA) | 2.83% | 2.45% | 2.21% | 1.93% | 0.83% | 3.47% | 0.99% | 0.9% | 0.69% | 1.69% | 1.89% | 0.46% | 1.54% | 1.67% | 1.73% | 2.01% | 1.07% | 1.71% | 1.75% | 2.52% | 2.84% | 1.92% | 1.45% | 0.8% | -4.42% |
| Equity / Assets | 17.5% | 16.18% | 14.58% | 14.3% | 12.77% | 16.11% | 13.34% | 12.83% | 12.49% | 13.45% | 13.79% | 15.04% | 16.42% | 16.27% | 17.91% | 18.54% | 18.11% | 18.78% | 15.13% | 15.36% | 15.32% | 14.68% | 14.93% | 12.02% | 11.29% |
| Debt / Equity | 0.38x | 0.38x | 0.41x | 0.43x | 0.50x | 0.40x | 0.38x | 0.35x | 0.39x | 0.25x | 0.26x | 0.26x | 0.23x | 0.34x | 0.19x | 0.19x | 0.20x | 0.20x | 0.26x | 0.37x | 0.25x | 0.26x | 0.41x | 0.61x | - |
| Book Value per Share | 116.93 | 116.97 | 97.12 | 89.42 | 77.19 | 90.88 | 94.25 | 91.19 | 86.22 | 77.41 | 66.17 | 65.55 | 70.83 | 62.24 | 60.78 | 51.40 | 42.89 | 40.96 | 31.22 | 33.85 | 29.93 | 27.19 | 26.43 | 26.12 | 23.39 |
| Tangible BV per Share | 53.86 | -149.10 | -152.86 | -156.51 | -163.43 | -120.10 | 24.01 | 12.75 | -16.26 | 55.16 | 48.35 | 48.86 | 53.49 | 46.88 | 49.46 | 41.03 | 33.79 | 32.34 | 22.78 | 26.99 | 23.79 | 21.31 | 13.31 | 18.53 | 23.39 |
Claims severity and inflation
As reported in financial statements, Assurant's total equity has grown from $4.8 billion in 2023Q4 to $5.9 billion by 2026Q1, reflecting a consistent trajectory of capital accumulation that appears to support the company's ongoing expansion in its core lifestyle and housing service-based insurance segments.
The steady increase in equity suggests that the company is successfully retaining earnings to bolster its balance sheet against potential volatility. This strengthening capital position provides a necessary buffer as the firm scales its service-heavy business model, which requires significant operational investment.
Based on recent SEC filings, the company's claims and loss reserves have fluctuated significantly, reaching a peak of $779.7 million in 2025Q1, which highlights the inherent sensitivity of the firm's liabilities to inflationary pressures in repair and replacement costs across its diverse insurance portfolios.
The variability in loss reserves suggests that management is actively adjusting for the rising costs of labor and materials in the housing and mobile sectors. Investors should monitor whether these reserve adjustments remain sufficient to cover long-tail claims if inflationary trends in repair severity persist.
According to the provided data, Assurant maintains a low debt-to-equity ratio of 0.38, which indicates a conservative approach to capital structure that provides the company with significant dry powder for potential strategic acquisitions or continued share repurchases in the face of market uncertainty.
This low leverage profile appears to be a deliberate strategic choice, allowing the firm to navigate cyclical downturns without the burden of excessive interest obligations. The current capitalization structure suggests that the company is well-positioned to absorb shocks while maintaining its commitment to returning capital to shareholders.
As indicated by the historical loss ratio data, which spiked to 26.2% in 2024Q3, the company faces a non-obvious risk where persistent inflation in electronics and construction materials may disproportionately impact the profitability of its service-based insurance contracts, potentially leading to future underwriting margin compression.
While the company has demonstrated strong underwriting discipline, the reliance on third-party repair networks introduces a layer of cost volatility that is difficult to hedge perfectly. The potential for these input costs to outpace premium adjustments warrants further investigation into the firm's long-term pricing power.
Quick answers to the most common questions about buying AIZN stock.
As of 2025, Assurant, Inc. 5.25% Subordinat (AIZN) had total assets of $36.29B including $13.15B in current assets.
Assurant, Inc. 5.25% Subordinat (AIZN) carries total debt of $2.21B, offset by $4.55B in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Assurant, Inc. 5.25% Subordinat (AIZN) has total shareholders' equity (book value) of $5.87B ($116.97 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Assurant, Inc. 5.25% Subordinat (AIZN) reported a current ratio of 0.55x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.