• Assurant average price/book ratio for 2023 was 1.58, a 12.22% increase from 2022.
• Assurant average price/book ratio for 2022 was 1.8, a 22.45% decline from 2021.
• Assurant average price/book ratio for 2021 was 1.47, a 34.86% increase from 2020.

Price/book ratio can be defined as