Company: AIZ
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001267238-25-000045
Chunk: 28

Company: ASSURANT, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 28
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9 %72.2 1.0 %Total$8,071.8 100.0 %$7,175.1 100.0 %

The following table shows the major categories of net investment income for the periods indicated: 

 Three Months Ended June 30,Six Months Ended June 30, 2025202420252024Fixed maturity securities$107.4 $95.9 $208.3 $186.7 Equity securities3.1 3.3 6.0 6.8 Commercial mortgage loans on real estate4.8 4.9 9.8 9.7 Short-term investments4.9 3.9 9.9 9.2 Other investments(0.9)3.1 (1.9)9.4 Cash and cash equivalents13.7 18.5 29.7 38.3 Total investment income133.0 129.6 261.8 260.1 Investment expenses(4.3)(4.9)(8.3)(8.7)Net investment income$128.7 $124.7 $253.5 $251.4 

Net investment income increased $4.0 million, or 3%, to $128.7 million for Second Quarter 2025 from $124.7 million for Second Quarter 2024. The increase was primarily driven by higher yields and assets in fixed maturity securities. This was partially offset by reduced income in real estate joint ventures and lower yields and balances in cash and cash equivalents.

Net realized losses on investments and fair value changes to equity securities increased $2.1 million, or 11%, to $21.7 million for Second Quarter 2025 from $19.6 million for Second Quarter 2024.The increase was primarily driven by sales of fixed maturity securities at a loss.

Net investment income increased $2.1 million, or 1%, to $253.5 million for Six Months 2025 from $251.4 million for Six Months 2024. The increase was primarily driven by higher yields and assets in fixed maturity securities. This was partially offset by reduced income in real estate joint venture partnerships and lower yields and balances in cash and cash equivalents.  

Net realized losses on investments and fair value changes to equity securities increased $9.3 million, or 33%, to $37.7 million for Six