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![ASSURANT, INC. [AIZN] reports annual net loss of $642.5 million](/_next/image?url=https%3A%2F%2F10kinfo-appdata.s3.us-west-2.amazonaws.com%2Fedgar0105%2FCompanyLogos%2FUS%2FAIZN.png&w=1200&q=75)
ASSURANT, INC. [AIZN] has reported a net loss of $642.5 million for year ended Dec 31, 2023.
The Company said in a filing before the Securities and Exchange Commission that its total revenue for the year was $11.1 billion
Based in ATLANTA, Georgia, ASSURANT, INC. operates in the FINANCE sector.
In the Consolidated Statements of Operations for the 12 months ended December 31, 2023, the following financial figures were reported:
- Revenues:
- Net earned premiums amounted to $9.39 billion in 2023, compared to $8.77 billion in 2022 and $8.57 billion in 2021.
- Fees and other income totaled $1.32 billion in 2023, $1.24 billion in 2022, and $1.17 billion in 2021.
- Net investment income was $489.1 million in 2023, $364.1 million in 2022, and $314.4 million in 2021.
- Total revenues for 2023 reached $11.13 billion, up from $10.19 billion in 2022 and $10.19 billion in 2021.
- Benefits, losses, and expenses:
- Policyholder benefits stood at $2.52 billion in 2023, $2.36 billion in 2022, and $2.20 billion in 2021.
- Underwriting, selling, general, and administrative expenses were $7.70 billion in 2023, $7.37 billion in 2022, and $7.08 billion in 2021.
- Goodwill impairment was reported at $0.00 in 2023, $7.8 million in 2022, and $0.00 in 2021.
- Interest expense amounted to $108.0 million in 2023, $108.3 million in 2022, and $111.8 million in 2021.
- Total benefits, losses, and expenses in 2023 were $10.32 billion, compared to $9.84 billion in 2022 and $9.42 billion in 2021.
- Net income:
- Income from continuing operations before income tax expense was $806.8 million in 2023, $349.9 million in 2022, and $771.3 million in 2021.
- Net income from continuing operations was $642.5 million in 2023, $276.6 million in 2022, and $602.9 million in 2021.
- Net income for the period was $642.5 million in 2023, $276.6 million in 2022, and $1.36 billion in 2021.
- Earnings per share:
- Basic net income from continuing operations per share was $12.02 in 2023, $5.09 in 2022, and $10.11 in 2021.
- Diluted net income from continuing operations per share was $11.95 in 2023, $5.05 in 2022, and $10.03 in 2021.
The weighted average shares outstanding for basic per-share calculations in 2023 were 53.46 million, while for diluted per-share calculations, it was 53.78 million.