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Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Jun. 30, 2020
Dec. 31, 2019
Investments:    
Fixed maturity securities available for sale, at fair value (amortized cost - $11,050.4 and $11,064.8 at June 30, 2020 and December 31, 2019, respectively) $ 12,639.6 $ 12,322.4
Equity securities at fair value 376.3 388.5
Commercial mortgage loans on real estate, at amortized cost (net of allowances for credit losses of $4.1 at June 30, 2020) 790.1 815.0
Short-term investments 207.8 402.5
Other investments (net of allowances for credit losses of $1.4 at June 30, 2020) 632.4 638.9
Total investments 14,646.2 14,567.3
Cash and cash equivalents 2,137.5 1,867.1
Premiums and accounts receivable (net of allowances for credit losses of $16.8 at June 30, 2020) 1,475.4 1,692.8
Reinsurance recoverables (net of allowances for credit losses of $26.8 at June 30, 2020) 9,581.9 9,593.4
Accrued investment income 143.0 131.1
Deferred acquisition costs 7,003.2 6,668.0
Property and equipment, net 450.1 433.7
Goodwill 2,441.4 2,343.4
Value of business acquired 1,539.9 2,004.3
Other intangible assets, net 582.1 540.2
Other assets (net of allowances for credit losses of $1.9 at June 30, 2020) 708.1 590.1
Assets held in separate accounts 1,853.6 1,839.7
Total assets 44,233.2 44,291.2
Liabilities    
Future policy benefits and expenses 9,817.4 9,807.3
Unearned premiums 16,557.2 16,603.6
Claims and benefits payable 2,669.1 2,687.7
Commissions payable 473.7 540.5
Reinsurance balances payable 364.8 358.5
Funds held under reinsurance 346.8 319.4
Accounts payable and other liabilities 2,417.3 2,758.5
Debt 2,208.0 2,006.9
Liabilities related to separate accounts 1,853.6 1,839.7
Total liabilities 38,248.7 38,609.1
Commitments and contingencies (Note 20)
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 June 30, 2020 and December 31, 2019, respectively 2.9 2.9
Common stock, par value $0.01 per share, 800,000,000 shares authorized, 161,968,591 and 161,607,866 shares issued and 59,571,651 and 59,945,893 shares outstanding at June 30, 2020 and December 31, 2019, respectively 1.6 1.6
Additional paid-in capital 4,550.4 4,537.7
Retained earnings 6,194.4 5,966.4
Accumulated other comprehensive income 568.9 411.5
Treasury stock, at cost; 102,396,940 and 101,661,973 shares at June 30, 2020 and December 31, 2019, respectively (5,350.4) (5,267.3)
Total Assurant, Inc. stockholders’ equity 5,967.8 5,652.8
Non-controlling interests 16.7 29.3
Total equity 5,984.5 5,682.1
Total liabilities and equity 44,233.2 44,291.2
Consolidated investment entities    
Investments:    
Total assets [1] 1,670.8 2,020.1
Liabilities    
Total liabilities [1] $ 1,540.8 $ 1,687.0
[1]
The following table presents information on assets and liabilities related to consolidated investment entities as of June 30, 2020 and December 31, 2019.
 
June 30, 2020
 
December 31, 2019
 
(in millions)
Assets
 
 
 
Cash and cash equivalents
$
14.9

 
$
32.9

Investments, at fair value
1,635.5

 
1,957.9

Other receivables
20.4

 
29.3

Total assets
$
1,670.8

 
$
2,020.1

Liabilities
 
 
 
Collateralized loan obligation notes, at fair value
1,505.0

 
1,603.1

Other liabilities
35.8

 
83.9

Total liabilities
$
1,540.8

 
$
1,687.0