Assurant (AIZ) FY2021 results: revenue $10.2 billion, up 6.1% on the year
Assurant, Inc. (AIZ) reported revenue of $10.2 billion for fiscal 2021, the year ended 31 December 2021, up 6.1% on the year before. Net income was $1.4 billion, up 208.9%, and diluted earnings per share $22.66. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$10.2 billion
+6.1% on the year
FY2014FY2021
Operating margin
7.7%
6.0% a year earlier
FY2014FY2021
Net income
$1.4 billion
+208.9% on the year
FY2014FY2021
Diluted EPS
$22.66
+224.2% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
782
1,342
1,413
-41.8%
Capital expenditure
187
121
110
+54.6%
Free cash flow
594
1,221
1,303
-51.3%
Free cash flow margin
5.8%
12.7%
13.6%
Cash from investing
158
-735
-620
Cash from financing
-1,090
-265
-179
Depreciation and amortisation
172
142
126
+20.6%
Share-based compensation
66.7
57.9
55.9
+15.2%
Buybacks
839
297
272
+182.6%
Dividends paid
158
155
151
+1.9%
Dividend per share
$2.66
$2.55
$2.43
+4.3%
Diluted shares, weighted
60m
63m
62m
-4.8%
Shares outstanding at period end
56m
58m
60m
-3.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
5,464
5,951
5,653
-8.2%
Non-controlling interest
0.0
3.4
29.3
Debt
n/a
n/a
2,007
Other liabilities
28,447
38,695
36,602
-26.5%
Total liabilities and equity
33,912
44,650
44,291
-24.1%
Fixed assets
561
446
434
+25.8%
Goodwill
2,572
2,589
2,205
-0.7%
Intangible assets
719
696
540
+3.3%
Investments
n/a
n/a
402
Securities held for sale or to maturity
7,215
6,816
n/a
+5.9%
Cash and equivalents
2,041
2,208
1,867
-7.6%
Other assets
20,803
31,895
38,842
-34.8%
Total assets
33,912
44,650
44,291
-24.1%
10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.