The turnover of Assurant for 2023 was $11.132 billion. This figure represents the total revenue generated by the company during that year.
Understanding Business Turnover
In the business world, turnover is synonymous with revenue or sales. It refers to the total amount of money a business receives from the sale of its goods or services over a specific period, typically a financial year. It's a key indicator of a company's overall activity and market presence before expenses are deducted.
Assurant's Recent Turnover Performance
Assurant has demonstrated consistent growth in its annual revenue over the past few years. Here’s a breakdown of their turnover for the most recent periods:
| Year | Annual Turnover (Revenue) | Growth Rate from Prior Year |
|---|---|---|
| 2023 | $11.132 billion | 9.21% |
| 2022 | $10.193 billion | 0.05% |
| 2021 | $10.188 billion | 6.15% |
As shown in the table:
- Assurant's turnover for 2023 reached $11.132 billion, marking a notable 9.21% increase compared to the previous year.
- In 2022, the company's revenue was $10.193 billion, experiencing a slight increase of 0.05% from 2021.
- Prior to that, 2021 saw a turnover of $10.188 billion, which was a 6.15% increase over 2020.
The significant growth in 2023 indicates a strong performance and expansion in Assurant's business operations and market reach. Understanding turnover is crucial for stakeholders to assess a company's financial health and operational scale.
