• Assurant average return on tangible equity for 2023 was 44.64, a 22.89% decline from 2022.
• Assurant average return on tangible equity for 2022 was 57.89, a 6.69% decline from 2021.
• Assurant average return on tangible equity for 2021 was 54.26, a 28.82% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.