Assurant

As of Q2 2025, total debt was about 2.08 billion across a diversified maturity ladder; cash and cash equivalents were about 1.49 billion, for net debt near 0.60 billion. Trailing 12-month operating cash flow was roughly 1.20 billion with TTM capex near 0.23 billion, implying FCF comfortably covering interest, dividends and buybacks.

Holding company liquidity ended Q2 2025 at 518 million. The company also refinanced in August 2025 with 300 million notes due 2036 and intends to redeem 175 million due 2026, maintaining a prudent debt profile. Insurance subs are investment-grade, and catastrophe programs are well-structured with substantial reinsurance protection.

Overall balance sheet strength is high with conservative net leverage versus cash generation.