Company: AIZ
Filing Date: 2025-11-06
Form Type: 10-Q
Source: 0001267238-25-000051
Chunk: 31

Company: ASSURANT, INC.
Filing Date: 2025-11-06
Form: 10-Q
Item: Part I, Item 2
Chunk 31
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used in):20252024Operating activities$1,162.9 $1,229.9 Investing activities(1,054.0)(728.8)Financing activities(228.0)(317.8)Effect of exchange rate changes on cash and cash equivalents 23.9 2.7 Net change in cash$(95.2)$186.0 

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 $1.16 billion for Nine Months 2025 compared to net cash provided by operating activities of $1.23 billion for Nine 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 Nine Months 2024.  These were partially offset by a decrease in payments for the acquisition of mobile devices during Nine Months 2025 and the timing of accounts payable payments.  

Net cash used in investing activities was $1.05 billion for Nine Months 2025 compared to net cash used in investing activities of $728.8 million for Nine 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 $228.0 million for Nine Months 2025 compared to net cash used in financing activities of $317.8 million for Nine Months 2024. The change in net financing cash flows was primarily due to the issuance of the 2036 Senior Notes, partially offset by the redemption of the 2026 Senior Notes and higher share repurchases for Nine Months 2025. For additional information please see Note 10 in the Consolidated Financial Statements included elsewhere in this report. 

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

 For the Nine Months Ended September 30, 20252024Interest paid on debt$104.0 $82.7 Common