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AIZP.PFD (Assurant) Claims Ratio % : 0.00% (As of . 20)


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What is Assurant Claims Ratio %?

Claims Ratio % is the percentage of claims costs incurred in relation to the premiums earned.

The historical rank and industry rank for Assurant's Claims Ratio % or its related term are showing as below:

AIZP.PFD's Claims Ratio % is not ranked *
in the Insurance industry.
Industry Median:
* Ranked among companies with meaningful Claims Ratio % only.

Assurant Claims Ratio % Historical Data

The historical data trend for Assurant's Claims Ratio % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Assurant Claims Ratio % Chart


Assurant  (NYSE:AIZP.PFD) Claims Ratio % Calculation

Claims Ratio % is calculated as

Claims Ratio %=Total Claims / Total Premiums Earned * 100%

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Assurant  (NYSE:AIZP.PFD) Claims Ratio % Explanation

Claims Ratio % the percentage of claims costs incurred in relation to the premiums earned during the period. It is the equivalent of gross profit margin for an insurance company.

It's important to note that insurance is the business of managing risks and, to do that well, the insurer needs a thorough understanding of the incurred claims ratio. If the value is higher than expected or above established norms, then further investigation is required to figure out why that is (eg: fraud). If it is lower than expected, it could indicate irrelevant products or difficulties in claiming, possibly affecting customer satisfaction.

Assurant Claims Ratio % Related Terms

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Assurant Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Assurant Inc (NYSE:AIZP.PFD) » Definitions » Claims Ratio %
Comparable Companies
AFG ORI KNSL CNA RLI THG SIGI WTM PLMR KMPR PGR CB TSE:8766 TRV ALL HKSE:01339 HKSE:02328 TSX:IFC TSX:FFH HIG
Traded in Other Exchanges
AIZ:USA 0HIN:UK A1SU34:Brazil
Address
260 Interstate North Circle SE, Atlanta, GA, USA, 30339
Website
https://www.assurant.com
Assurant Inc is a protection company that partners with the brands to safeguard and service connected devices, homes and automobiles. It operate in North America, Latin America, Europe and Asia Pacific through two operating segments: Global Lifestyle and Global Housing. Global Lifestyle: includes mobile device solutions (including extended service contracts, insurance policies and related services), extended service contracts and related services for consumer electronics and appliances, and financial services and other insurance products. Global Housing: includes lender-placed homeowners, manufactured housing and flood insurance, as well as voluntary manufactured housing, condominium and homeowners insurance. Key revenue is generated from Global Lifestyle segment.