Assurant, Inc. AIZP Balance Sheet

Assurant, inc. (AIZP)

Balance Sheet / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Dec'10	Sep'10	Jun'10	Mar'10	Dec'09	Sep'09	Jun'09	Dec'08
Assets
Investments:
Fixed maturity securities available for sale, at fair value (amortized cost - $10,874.3 and $11,064.8 at March 31, 2020 and December 31, 2019, respectively)
11,670	12,322	12,420	12,228	11,834	11,257	11,116	11,297	9,194	9,662	9,732	9,579	9,491	9,572	9,919	9,744	9,039	10,215	10,313	10,745	11,387	11,263	11,624	11,816	11,595	11,291	11,447	11,423	12,143	12,171	12,043	11,214	11,322	11,192	10,978	10,637	10,745	10,612	10,823	10,651	10,479	9,966	9,964	9,407	8,631
Equity securities at fair value
349	388	406	392	388	378	385	385	358	368	403	413	415	421	450	434	403	500	522	523	530	499	521	490	462	458	464	455	475	475	440	399	386	362	403	481	496	466	496	475	524	512	502	446	434
Commercial mortgage loans on real estate, at amortized cost (net of allowances for credit losses of $3.7 at March 31, 2020)
795	815	804	783	758	759	757	720	682	670	648	624	603	624	595	620	872	1,151	1,233	1,267	1,255	1,272	1,253	1,248	1,257	1,287	1,268	1,266	1,290	1,311	1,302	1,302	1,313	1,309	1,307	1,313	1,327	1,320	1,355	1,376	1,405	1,428	1,449	1,470	1,506
Short-term Investments
221	402	266	357	343	373	604	343	171	284	266	198	229	227	396	498	449	508	747	442	247	345	465	356	566	470	972	771	239	300	251	504	383	441	508	447	435	358	452	416	436	453	445	521	703
Policy loans
-	-	-	-	-	-	-	-	-	-	36	37	37	-	40	40	41	43	44	45	46	48	48	49	50	51	51	51	52	52	53	53	54	54	54	55	55	56	56	56	56	56	56	56	58
Collateral held/pledged under securities agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51	95	93	95	95	95	96	95	95	96	94	94	94	94	94	95	96	92	273	136	134	133	142	218	186	210	234
Other investments
587	638	653	668	658	635	633	642	557	568	589	786	676	633	631	623	618	575	585	585	611	606	599	604	589	589	573	583	585	568	578	585	579	570	587	566	577	567	581	578	563	522	532	525	498
Total investments
13,624	14,567	14,552	14,429	13,983	13,403	13,498	13,389	10,962	11,553	11,676	11,640	11,453	11,479	12,033	11,961	11,425	12,994	13,499	13,705	14,172	14,131	14,608	14,661	14,617	14,244	14,873	14,648	14,882	14,976	14,764	14,155	14,133	14,026	13,936	13,593	13,911	13,519	13,900	13,688	13,608	13,157	13,137	12,638	12,066
Cash and cash equivalents
1,999	1,867	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash and cash equivalents
-	-	1,749	1,490	1,274	1,254	1,306	1,253	2,342	996	992	848	874	1,032	1,116	1,232	2,060	1,288	1,543	1,297	1,065	1,318	1,411	1,398	1,105	1,717	1,286	1,270	1,604	909	1,072	1,106	1,064	1,166	1,059	1,135	940	1,150	1,168	1,003	932	1,318	1,235	809	1,040
Premiums and accounts receivable (net of allowances for credit losses of $19.8 at March 31, 2020)
1,636	1,692	1,767	1,745	1,695	1,643	1,601	1,512	1,248	1,237	1,286	1,336	1,244	1,218	1,312	1,218	1,331	1,260	1,274	1,426	1,573	1,445	1,340	1,294	1,129	1,080	983	884	890	830	760	685	672	649	614	612	576	542	545	523	513	507	515	582	513
Reinsurance recoverables (net of allowances for credit losses of $27.3 at March 31, 2020)
9,540	9,590	9,510	9,162	9,061	9,166	11,256	10,978	9,278	9,790	10,578	8,953	8,868	9,083	9,059	8,727	8,689	7,470	7,279	7,376	7,205	7,254	6,149	6,002	5,824	5,752	5,684	5,682	5,866	6,141	5,490	5,428	5,429	5,411	5,295	5,151	5,049	4,997	4,931	4,661	4,594	4,231	4,083	4,073	4,010
Accrued investment income
146	131	127	126	130	125	133	136	108	105	114	105	111	110	116	111	114	129	136	133	144	138	151	149	153	145	156	150	162	149	162	153	163	153	159	148	161	147	155	161	169	155	162	149	144
Deferred acquisition costs
7,201	6,668	6,161	5,767	5,371	5,103	4,270	3,882	3,646	3,484	3,482	3,326	3,290	3,267	3,034	3,001	3,079	3,150	3,126	3,078	2,827	2,957	3,277	3,257	3,158	3,128	3,090	2,959	2,887	2,861	2,760	2,635	2,558	2,492	2,563	2,565	2,526	2,493	2,432	2,422	2,468	2,504	2,555	2,573	2,650
Property and equipment, net
438	433	418	419	409	392	381	370	355	347	358	355	348	343	337	327	312	298	286	289	286	277	274	262	255	253	253	250	250	250	246	241	236	242	247	254	259	267	272	272	273	275	274	275	278
Deferred income taxes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	18	44	0	88	24	76	0	47	124	167	153	358	449
Tax receivable
-	-	-	-	10	-	42	54	34	126	117	37	10	20	0	0	0	24	29	0	0	15	-	48	-	0	0	0	9	32	49	9	-	0	30	-	-	-	-	-	-	-	-	-	44
Goodwill
2,336	2,343	2,331	2,338	2,331	2,321	2,312	2,369	923	917	916	905	894	830	839	834	839	833	841	842	828	841	816	804	785	784	672	638	638	640	640	639	640	639	639	640	621	619	926	924	924	926	1,009	1,009	1,001
Value of business acquired
1,753	2,004	2,262	2,554	2,858	3,157	3,905	3,962	22	24	26	28	30	32	34	36	38	41	43	41	43	45	47	49	51	53	55	57	59	62	64	66	68	71	73	75	78	82	85	88	91	94	97	101	108
Other intangible assets, net
521	540	547	564	606	622	642	664	275	288	306	316	330	240	263	250	274	277	300	332	331	381	369	370	345	354	294	271	296	262	269	279	303	303	306	348	306	311	-	-	-	-	-	-	-
Other assets
764	590	500	622	644	603	587	623	370	387	749	426	361	359	397	387	401	469	468	399	388	847	354	374	324	258	138	132	120	97	121	118	122	124	186	189	201	188	538	547	545	548	498	486	427
Assets held in separate accounts
1,524	1,839	1,747	1,831	1,801	1,609	1,904	1,858	1,816	1,837	1,800	1,779	1,750	1,692	1,738	1,714	1,719	1,798	1,754	1,919	1,933	1,906	1,872	1,942	1,916	1,941	1,858	1,781	1,811	1,731	1,765	1,721	1,842	1,694	1,662	1,975	2,040	2,000	1,890	1,772	1,991	1,972	1,940	1,764	1,778
Assets of consolidated investment entities
1,937	2,020	2,077	2,086	2,057	1,685	1,599	1,305	1,042	746	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total assets
43,423	44,291	43,751	43,139	42,237	41,089	43,443	42,361	32,427	31,843	32,405	30,058	29,567	29,709	30,283	29,804	30,287	30,036	30,586	30,842	30,800	31,562	30,673	30,617	29,668	29,714	29,348	28,728	29,481	28,946	28,169	27,243	27,254	27,019	26,774	26,779	26,697	26,397	26,845	26,115	26,238	25,860	25,665	24,822	24,514
Liabilities
Future policy benefits and expenses
9,711	9,807	9,564	9,445	9,310	9,240	10,464	10,386	10,384	10,397	10,436	10,278	10,163	10,112	10,042	9,748	9,723	9,466	9,465	9,489	9,417	9,483	8,813	8,785	8,671	8,646	8,621	8,526	8,506	8,513	8,481	8,412	8,456	8,359	8,217	8,212	8,166	8,105	8,038	7,804	7,756	7,349	7,282	7,203	7,095
Unearned premiums
16,673	16,603	16,383	15,934	15,638	15,648	15,497	14,505	7,084	7,038	6,962	6,718	6,601	6,626	6,443	6,298	6,308	6,423	6,449	6,429	6,259	6,529	6,784	6,690	6,610	6,662	6,455	6,232	6,174	6,192	5,896	5,685	5,564	5,482	5,315	5,245	5,119	5,063	4,964	4,963	5,045	5,153	5,154	5,203	5,407
Claims and benefits payable
2,669	2,687	2,871	2,722	2,750	2,813	3,764	3,503	3,194	3,782	4,794	3,093	3,075	3,301	3,397	3,276	3,341	3,896	4,080	4,010	3,784	3,698	3,577	3,553	3,449	3,389	3,429	3,417	3,638	3,960	3,360	3,352	3,384	3,437	3,485	3,438	3,381	3,351	3,406	3,343	3,369	3,366	3,327	3,331	3,302
Commissions payable
417	540	511	447	336	338	316	308	344	365	377	374	391	386	382	357	354	393	435	380	451	487	596	584	463	429	361	348	345	339	282	216	211	260	259	260	264	275	230	222	207	218	233	182	233
Reinsurance balances payable
339	358	345	321	319	330	302	324	126	145	173	118	142	95	116	132	110	132	121	99	104	157	110	131	78	106	111	113	97	103	113	103	113	130	87	102	100	104	87	213	129	96	62	56	88
Funds held under reinsurance
352	319	287	308	294	272	279	347	173	179	142	153	128	111	106	105	101	94	93	95	87	75	78	78	79	76	70	58	60	61	60	60	63	64	67	61	64	65	66	47	50	67	58	54	38
Deferred gains on disposal of businesses
-	-	-	-	45	-	81	94	109	128	148	170	194	232	318	439	564	92	91	94	97	100	88	92	95	99	103	107	111	115	120	124	129	134	139	144	149	154	146	152	158	164	167	173	187
Obligation under securities agreements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	51	95	93	95	95	95	95	95	95	96	94	94	94	94	94	95	96	93	272	137	135	134	143	220	197	224	256
Accounts payable and other liabilities
2,435	2,758	2,637	2,598	2,461	2,240	2,212	2,610	1,855	2,046	2,363	2,012	1,893	1,985	2,009	1,876	1,825	2,049	2,188	2,201	2,241	2,675	1,793	1,816	1,672	1,791	1,753	1,537	1,582	1,514	1,608	1,413	1,403	1,486	1,442	1,397	1,368	1,339	1,426	1,401	1,311	1,388	1,313	1,226	1,433
Deferred income taxes, net
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	323	324	251	-	44	32	179	161	183	52	-	0	13	-	-	0	72	-	-	-	-	-	-
Tax payable
-	-	-	-	-	-	-	-	-	-	-	-	-	-	57	81	258	-	-	26	31	-	24	0	14	3	20	33	-	0	0	0	53	30	0	-	50	41	32	39	121	30	43	55	-
Debt
2,207	2,006	2,006	2,007	2,006	2,006	2,005	2,004	2,004	1,068	1,067	1,136	1,067	1,067	1,165	1,165	1,414	1,164	1,171	1,171	1,171	1,171	1,171	1,170	1,170	1,638	1,638	1,646	1,670	972	972	972	972	972	972	972	972	972	972	972	972	972	972	972	971
Mandatorily redeemable preferred stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	5	8	8	8	8	8	8	11
Liabilities related to separate accounts
1,524	1,839	1,747	1,831	1,801	1,609	1,904	1,858	1,816	1,837	1,800	1,779	1,750	1,692	1,738	1,714	1,719	1,798	1,754	1,919	1,933	1,906	1,872	1,942	1,916	1,941	1,858	1,781	1,811	1,731	1,765	1,721	1,842	1,694	1,662	1,975	2,040	2,000	1,890	1,772	1,991	1,972	1,940	1,764	1,778
Liabilities of consolidated investment entities
1,705	1,687	1,706	1,761	1,801	1,455	1,374	1,086	830	573	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total liabilities
38,037	38,609	38,061	37,379	36,765	35,955	38,203	37,028	27,926	27,561	28,267	25,834	25,408	25,611	25,778	25,196	25,722	25,512	25,902	26,014	25,672	26,381	25,330	25,267	24,572	24,881	24,565	23,932	24,274	23,761	22,940	22,210	22,289	22,145	21,759	21,903	21,949	21,616	21,478	21,077	21,265	21,007	20,762	20,457	20,805
Commitments and contingencies (Note 19)
-	-	-	-	-	-	0	0	0	-	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	-	0	0	0	0	-	0	0	-	-	-	-	-	-	-	0	-
Stockholders’ equity
6.50% Series D mandatory convertible preferred stock, par value $1.00 per share, 2,875,000 shares authorized, issued and outstanding at March 31, 2020 and December 31, 2019, respectively
2	2	2	2	2	2	2	2	2	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Common stock, par value $0.01 per share, 800,000,000 shares authorized, 161,850,503 and 161,607,866 shares issued and 59,707,563 and 59,945,893 shares outstanding at March 31, 2020 and December 31, 2019, respectively
1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Additional paid-in capital
4,540	4,537	4,524	4,509	4,496	4,495	4,478	4,459	3,478	3,197	3,186	3,172	3,173	3,175	3,168	3,150	3,152	3,148	3,138	3,126	3,135	3,131	3,117	3,104	3,095	3,087	3,075	3,059	3,051	3,052	3,043	3,028	3,028	3,025	3,016	3,003	2,997	2,993	2,985	2,973	2,964	2,962	2,950	2,941	2,928
Retained earnings
6,061	5,966	5,882	5,980	5,879	5,759	5,777	5,846	5,815	5,697	5,414	5,500	5,410	5,296	5,295	5,181	5,044	4,856	4,824	4,851	4,840	4,809	4,778	4,657	4,534	4,415	4,325	4,215	4,102	4,001	3,992	3,883	3,734	3,586	3,596	3,537	3,389	3,264	3,465	3,340	3,194	3,054	3,060	2,933	2,650
Accumulated other comprehensive income
88	411	405	328	103	-155	-97	-137	51	234	256	236	148	94	328	327	225	118	246	348	548	555	659	764	583	426	386	420	778	830	858	676	597	557	524	381	297	285	514	278	154	65	122	-311	-670
Treasury stock, at cost; 102,142,940 and 101,661,973 shares at March 31, 2020 and December 31, 2019, respectively
5,324	5,267	5,158	5,093	5,043	4,992	4,943	4,860	4,860	4,860	4,721	4,686	4,575	4,470	4,288	4,052	3,859	3,601	3,526	3,500	3,398	3,316	3,214	3,177	3,119	3,098	3,005	2,900	2,726	2,700	2,666	2,556	2,396	2,297	2,124	2,048	1,937	1,764	1,600	1,555	1,340	1,231	1,231	1,199	1,199
Stockholders' Equity Attributable to Parent
5,370	5,652	5,658	5,730	5,440	5,112	5,219	5,312	4,489	4,270	4,138	4,224	4,158	4,098	4,504	4,608	4,564	4,523	4,683	4,827	5,128	5,181	5,342	5,349	5,096	4,833	4,782	4,795	5,206	5,185	-	-	-	4,873	-	-	-	-	-	-	-	-	-	4,364	-
Non-controlling interests
16	29	31	30	31	21	20	20	11	10	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total equity
5,386	5,682	5,690	5,760	5,471	5,133	5,239	5,332	4,501	4,281	-	-	-	4,098	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	5,229	5,033	4,964	-	5,014	4,875	4,747	4,780	5,366	5,038	4,973	4,853	4,903	-	3,709
Total liabilities and equity
43,423	44,291	43,751	43,139	42,237	41,089	43,443	42,361	32,427	31,843	32,405	30,058	29,567	29,709	30,283	29,804	30,287	30,036	30,586	30,842	30,800	31,562	30,673	30,617	29,668	29,714	29,348	28,728	29,481	28,946	28,169	27,243	27,254	27,019	26,774	26,779	26,697	26,397	26,845	26,115	26,238	25,860	25,665	24,822	24,514