Company: AIZ
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001267238-25-000045
Chunk: 35

Company: ASSURANT, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 35
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 cash and cash equivalents 28.6 (9.1)Net change in cash$(321.0)$85.7 

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We typically generate operating cash inflows from premiums collected from our insurance products, fees received for services and income received from our investments, while outflows consist of policy acquisition costs, benefits paid and operating expenses. These net cash flows are then invested to support the obligations of our insurance products and required capital supporting these products. Our cash flows from operating activities are affected by the timing of premiums, fees, and investment income received and expenses paid.

Net cash provided by operating activities was $657.9 million for Six Months 2025 compared to net cash provided by operating activities of $793.4 million for Six Months 2024. The change in net operating cash flows was largely attributable to higher net paid claims, the timing of collections of premiums and fees in our mobile business and the timing of tax payments, as we received a refund during Six Months 2024.   

Net cash used in investing activities was $784.5 million for Six Months 2025 compared to net cash used in investing activities of $521.6 million for Six Months 2024. The change in net investing cash flows was primarily driven by the increased investment of net cash provided by operating activities and the reinvestment of proceeds from the sale of fixed maturity securities.  

Net cash used in financing activities was $223.0 million for Six Months 2025 compared to net cash used in financing activities of $177.0 million for Six Months 2024. The change in net financing cash flows was primarily due to higher share repurchases for Six Months 2025.  

The table below shows our cash outflows for interest and dividends for the periods indicated: 

 For the Six Months Ended June 30, 20252024Interest paid on debt$53.7 $53.7 Common stock dividends83.6 77.3 Total$137.3 $131.0 

Letters of Credit

In the normal course of business, letters of credit are issued primarily to support reinsurance arrangements in which we are the reinsurer. These letters of credit are supported by commitments under which we are required to indemnify the financial institution issuing the letter of credit if the letter of credit is drawn. We had $1.7 million and $1.8 million of letters of credit outstanding as of June 30, 2025 and December 31, 2024, respectively. 

Limited