Assurant (AIZ) FY2022 results: revenue $10.2 billion, up 0.1% on the year
Assurant, Inc. (AIZ) reported revenue of $10.2 billion for fiscal 2022, the year ended 31 December 2022, up 0.1% on the year before. Net income was $277 million, down 79.7%, and diluted earnings per share $5.05. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2023.
Revenue
$10.2 billion
+0.1% on the year
FY2015FY2022
Operating margin
3.4%
7.7% a year earlier
FY2015FY2022
Net income
$277 million
-79.7% on the year
FY2015FY2022
Diluted EPS
$5.05
-77.7% on the year
FY2015FY2022
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
FY2022
FY2021
FY2020
On the year
Last 8 years
Operating cash flow
597
782
1,342
-23.6%
Capital expenditure
186
187
121
-0.6%
Free cash flow
411
594
1,221
-30.9%
Free cash flow margin
4.0%
5.8%
12.7%
Cash from investing
-262
158
-735
Cash from financing
-818
-1,090
-265
Depreciation and amortisation
182
172
142
+6.1%
Share-based compensation
62.6
66.7
57.9
-6.1%
Buybacks
573
839
297
-31.8%
Dividends paid
150
158
155
-4.7%
Dividend per share
$2.74
$2.66
$2.55
+3.0%
Diluted shares, weighted
55m
60m
63m
-8.9%
Shares outstanding at period end
53m
56m
58m
-5.2%
Balance sheet
$ million
FY2022
FY2021
FY2020
On the year
Last 8 years
Shareholders' equity
4,229
5,464
5,951
-22.6%
Non-controlling interest
n/a
0.0
3.4
Other liabilities
28,895
28,447
38,695
+1.6%
Total liabilities and equity
33,124
33,912
44,650
-2.3%
Fixed assets
645
561
446
+14.9%
Goodwill
2,603
2,572
2,589
+1.2%
Intangible assets
639
719
696
-11.2%
Securities held for sale or to maturity
6,284
7,215
6,816
-12.9%
Cash and equivalents
1,537
2,041
2,208
-24.7%
Other assets
21,416
20,803
31,895
+2.9%
Total assets
33,124
33,912
44,650
-2.3%
10-K for the year ended 31 December 2022, filed 17 February 2023: the filing.