NYSE:AIZ · New York Stock Exchange
+$1.58 today
Vol 0.20M · Avg 0.41M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NYSE:AIZ · Revenue to Net Income
Key Ratios
Analysis
$13.2B of revenue converted into $1.0B of net income for the selected period. Gross margin is 77.8% and net margin is 7.6%, showing how much revenue survives after costs and taxes. EPS is $19.68, tying the income statement back to per-share earnings.
Revenue
—
Operating Income
—
Net Income
—
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.8B +7.9% | $11.9B +6.7% | $11.1B +9.2% | $10.2B +0.1% | $10.2B | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $2.9B +5.8% | $2.8B +9.7% | $2.5B +6.9% | $2.4B -60.9% | $6.0B | $725.6M | $804.0M | $882.4M |
| Gross Profit | $9.9B +8.5% | $9.1B +5.8% | $8.6B +9.9% | $7.8B +88.8% | $4.1B | $8.9B | $7.6B | $6.2B |
| Gross Margin | 77.2% +0.4pp | 76.7% -0.6pp | 77.3% +0.5pp | 76.8% +36.1pp | 40.7% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $0 | $0 | $0 | $0 | $0 | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $8.8B +7.5% | $8.2B +4.9% | $7.8B +4.3% | $7.5B +121.5% | $3.4B | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $250.0M +11.9% | $223.5M +13.8% | $196.4M +7.9% | $182.0M +6.1% | $171.6M | $374.2M | $1.2B | $631.8M |
| EBITDA | $1.4B +15.1% | $1.3B +13.2% | $1.1B +73.6% | $640.2M -39.3% | $1.1B | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 11.3% +0.7pp | 10.6% +0.6pp | 10.0% +3.7pp | 6.3% -4.1pp | 10.4% | 5.6% | 46.3% | 42.0% |
| Operating Income | $1.1B +17.3% | $927.3M +14.9% | $806.8M +130.6% | $349.9M -54.6% | $771.3M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 8.5% +0.7pp | 7.8% +0.6pp | 7.2% +3.8pp | 3.4% -4.1pp | 7.6% | 16.6% | 24.1% | 22.0% |
| Interest Income | $0 | $0 | $0 | $0 | $0 | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $109.7M +2.5% | $107.0M -0.9% | $108.0M -0.3% | $108.3M -3.1% | $111.8M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $0 | $0 | $0 | $0 | $0 | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $1.1B +17.3% | $927.3M +14.9% | $806.8M +130.6% | $349.9M -54.6% | $771.3M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 8.5% +0.7pp | 7.8% +0.6pp | 7.2% +3.8pp | 3.4% -4.1pp | 7.6% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $214.7M +28.5% | $167.1M +1.7% | $164.3M +124.1% | $73.3M -56.5% | $168.4M | $1.3B | -$1.6B | $745.2M |
| Net Income | $872.7M +14.8% | $760.2M +18.3% | $642.5M +132.3% | $276.6M -79.7% | $1.4B | $4.9B | $4.8B | $4.7B |
| Net Margin | 6.8% +0.4pp | 6.4% +0.6pp | 5.8% +3.1pp | 2.7% -10.7pp | 13.4% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $17 +18.8% | $15 +21.0% | $12 +136.1% | $5 -50.9% | $10 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $17 +20.3% | $14 +21.0% | $12 +136.6% | $5 -50.5% | $10 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $50.5M -3.4% | $52.2M -2.3% | $53.5M -1.7% | $54.4M -8.1% | $59.1M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $50.2M -4.5% | $52.6M -2.2% | $53.8M -1.8% | $54.8M -8.9% | $60.1M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Reinsurance Group of America, Incorporated
NYSE:RGA
$14.48B
Globe Life Inc.
NYSE:GL
$14.01B
First Horizon Corporation
NYSE:FHN
$12.19B
Invesco Ltd.
NYSE:IVZ
$11.97B
American Financial Group, Inc.
NYSE:AFG
$11.86B
SEI Investments Company
NASDAQ:SEIC
$11.00B
Jefferies Financial Group Inc.
NYSE:JEF
$10.76B
Old Republic International Corporation
NYSE:ORI
$10.20B
FactSet Research Systems Inc.
NYSE:FDS
$8.89B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does AIZ generate?
Assurant, Inc. (AIZ) reported $12.81B of revenue in fiscal 2025.
Is AIZ profitable?
Assurant, Inc. (AIZ) reported $872.70M of net income, with a net margin of 6.8%.
Explore More
Continue the stock analysis
Jump to another research area for this company.