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Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2018
Dec. 31, 2017
Investments:    
Fixed maturity securities available for sale, at fair value (amortized cost – $10,834.0 and $8,756.5 at December 31, 2018 and 2017, respectively) $ 11,257.1 $ 9,662.6
Equity securities, at fair value (cost – $361.6 in 2018) 378.8  
Equity securities, at fair value (cost – $316.3 in 2017)   368.0
Commercial mortgage loans on real estate, at amortized cost 759.6 670.2
Short-term investments 373.2 284.1
Other investments 635.2 568.6
Total investments 13,403.9 11,553.5
Cash and cash equivalents 1,254.0 996.8
Premiums and accounts receivable, net 1,643.5 1,237.3
Reinsurance recoverables 9,166.0 9,790.2
Accrued investment income 125.5 105.4
Deferred acquisition costs 5,103.0 3,484.5
Property and equipment, at cost less accumulated depreciation 392.5 347.6
Tax receivable 36.3 126.3
Goodwill 2,321.8 917.7
Value of business acquired 3,157.8 24.4
Other intangible assets, net 622.4 288.6
Other assets 567.5 387.1
Assets held in separate accounts 1,609.7 1,837.1
Assets of consolidated investment entities [1] 1,685.4 746.5
Total assets 41,089.3 31,843.0
Liabilities    
Future policy benefits and expenses 9,240.9 10,397.4
Unearned premiums 15,648.0 7,038.6
Claims and benefits payable 2,813.7 3,782.2
Commissions payable 338.6 365.1
Reinsurance balances payable 330.9 145.3
Funds held under reinsurance 272.0 179.8
Deferred gains on disposal of businesses 53.1 128.1
Accounts payable and other liabilities 2,187.4 2,046.3
Debt 2,006.0 1,068.2
Liabilities related to separate accounts 1,609.7 1,837.1
Liabilities of consolidated investment entities [1] 1,455.1 573.4
Total liabilities 35,955.4 27,561.5
Commitments and contingencies (Note 26)
Stockholders’ equity    
6.50% Series D mandatory convertible preferred stock, par value $1.00 per share, 2,875,000 shares authorized, 2,875,000 issued and outstanding at December 31, 2018 2.9 0.0
Common stock, par value $0.01 per share, 800,000,000 shares authorized, 161,153,454 and 150,392,604 shares issued and 61,908,979 and 52,417,812 shares outstanding at December 31, 2018 and 2017, respectively 1.6 1.5
Additional paid-in capital 4,495.6 3,197.9
Retained earnings 5,759.7 5,697.3
Accumulated other comprehensive income (155.4) 234.0
Treasury stock, at cost; 99,244,475 and 97,974,792 shares at December 31, 2018 and 2017, respectively (4,992.4) (4,860.1)
Total Assurant, Inc. stockholders’ equity 5,112.0 4,270.6
Non-controlling interest 21.9 10.9
Total equity 5,133.9 4,281.5
Total liabilities and equity $ 41,089.3 $ 31,843.0
[1] The following table presents information on assets and liabilities related to consolidated investment entities as of December 31, 2018 and 2017.
 
December 31,
 
2018
 
2017
 
(in millions)
Assets
 
 
 
Cash and cash equivalents
$
62.6

 
$
69.8

Investments, at fair value
1,576.2

 
655.0

Other receivables
46.6

 
21.7

Total assets
$
1,685.4

 
$
746.5

Liabilities
 
 
 
Collateralized loan obligation notes, at fair value
$
1,316.7

 
$
450.7

Other liabilities
138.4

 
122.7

Total liabilities
$
1,455.1

 
$
573.4