Assurant, Inc., through its subsidiaries, provides risk management solutions for housing and lifestyle markets in North America, Latin America, Europe, and the Asia Pacific.
Solid track record established dividend payer.
Share Price & News
How has Assurant's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: ZAS has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: ZAS exceeded the German Insurance industry which returned 30.2% over the past year.
Return vs Market: ZAS exceeded the German Market which returned 15.1% over the past year.
Price Volatility Vs. Market
How volatile is Assurant's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Assurant undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: ZAS (€131) is trading below our estimate of fair value (€162.05)
Significantly Below Fair Value: ZAS is trading below fair value, but not by a significant amount.
Price To Earnings Ratio
PE vs Industry: ZAS is poor value based on its PE Ratio (24.3x) compared to the Insurance industry average (12.7x).
PE vs Market: ZAS is poor value based on its PE Ratio (24.3x) compared to the German market (20.9x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate ZAS's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: ZAS is overvalued based on its PB Ratio (1.5x) compared to the DE Insurance industry average (1.2x).
How is Assurant forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
Forecasted annual revenue growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: Insufficient data to determine if ZAS's forecast earnings growth is above the savings rate (-0.4%).
Earnings vs Market: Insufficient data to determine if ZAS's earnings are forecast to grow faster than the German market
High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: ZAS's revenue (6% per year) is forecast to grow faster than the German market (5% per year).
High Growth Revenue: ZAS's revenue (6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: ZAS's Return on Equity is forecast to be low in 3 years time (12.2%).
How has Assurant performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: ZAS has high quality earnings.
Growing Profit Margin: ZAS's current net profit margins (3.7%) are higher than last year (2.9%).
Past Earnings Growth Analysis
Earnings Trend: ZAS's earnings have grown by 0.9% per year over the past 5 years.
Accelerating Growth: ZAS's earnings growth over the past year (53.7%) exceeds its 5-year average (0.9% per year).
Earnings vs Industry: ZAS earnings growth over the past year (53.7%) exceeded the Insurance industry 7.8%.
Return on Equity
High ROE: ZAS's Return on Equity (6.8%) is considered low.
Return on Assets
Return on Capital Employed
How is Assurant's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Inventory Level: ZAS has a low level of unsold assets or inventory.
Debt Coverage by Assets: ZAS's debt is covered by short term assets (assets are 2.7x debt).
Financial Institutions Analysis
Asset Level: ZAS's level of assets compared to its equity is low.
Allowance for Bad Loans: Insufficient data to determine if ZAS has a sufficient allowance for bad loans.
Low Risk Liabilities: ZAS reports no customer deposits, loans are made up entirely of externally borrowed funds.
Loan Level: Insufficient data to determine if ZAS has an acceptable proportion of non-loan assets held.
Low Risk Deposits: ZAS has advanced significantly more loans than the customer deposits it holds.
Level of Bad Loans: Insufficient data to determine if ZAS has an appropriate level of bad loans.
What is Assurant's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase Assurant before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: ZAS's dividend (1.77%) is higher than the bottom 25% of dividend payers in the German market (1.31%).
High Dividend: ZAS's dividend (1.77%) is low compared to the top 25% of dividend payers in the German market (3.59%).
Stability and Growth of Payments
Stable Dividend: ZAS's dividends per share have been stable in the past 10 years.
Growing Dividend: ZAS's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (41.4%), ZAS's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: ZAS's dividends in 3 years are forecast to be well covered by earnings (22.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Alan Colberg (57yo)
Mr. Alan B. Colberg has been the President of Assurant, Inc. since September 16, 2014 and has been its Chief Executive Officer since January 1, 2015. Mr. Colberg serves as Chief Executive Officer and Presi ...
CEO Compensation Analysis
Compensation vs Market: Alan's total compensation ($USD13.62M) is above average for companies of similar size in the German market ($USD3.37M).
Compensation vs Earnings: Alan's compensation has increased by more than 20% in the past year.
|Executive VP & CFO||3.6yrs||US$5.70m||0.036% $2.9m|
|Executive VP & COO||3.6yrs||US$4.61m||0.17% $13.4m|
|Chief Investment Officer & Executive VP||5.5yrs||no data||no data|
|Senior VP||2.7yrs||no data||0.015% $1.2m|
|Senior VP & Global Technology Officer||1.1yrs||no data||no data|
|Senior Vice President of Investor Relations||6.1yrs||no data||no data|
|Senior VP & Chief Compliance Officer||1.6yrs||no data||no data|
|Executive VP and Chief Communication & Marketing Officer||4.4yrs||no data||no data|
Experienced Management: ZAS's management team is considered experienced (3.6 years average tenure).
|Independent Director||10.6yrs||US$245.05k||0.034% $2.7m|
|Non-Executive Chair of the Board||9.3yrs||US$378.55k||0.034% $2.7m|
|Independent Director||14.5yrs||US$225.05k||0.017% $1.4m|
|Independent Director||2.5yrs||US$226.05k||0.0069% $550.4k|
|Independent Director||2.5yrs||US$225.05k||no data|
|Independent Director||8.7yrs||US$232.55k||0.025% $2.0m|
|Independent Director||13.8yrs||US$225.05k||0.039% $3.1m|
|Independent Director||8.3yrs||US$250.05k||0.019% $1.5m|
Experienced Board: ZAS's board of directors are considered experienced (8.5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: ZAS insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.6%.
Assurant, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Assurant, Inc.
- Ticker: ZAS
- Exchange: DB
- Founded: 1892
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: US$8.642b
- Listing Market Cap: US$7.988b
- Shares outstanding: 60.64m
- Website: https://www.assurant.com
Number of Employees
- Assurant, Inc.
- 28 Liberty Street
- 41st Floor
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AIZ||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Feb 2004|
|ZAS||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Feb 2004|
|0HIN||LSE (London Stock Exchange)||Yes||Common Shares||GB||USD||Feb 2004|
|AIZP||NYSE (New York Stock Exchange)||6.50% CONV PFD D||US||USD||Mar 2018|
|A1SU34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 4 REPR 1 COM||BR||BRL||Jan 2020|
Assurant, Inc., through its subsidiaries, provides risk management solutions for housing and lifestyle markets in North America, Latin America, Europe, and the Asia Pacific. The company operates through three segments: Global Housing, Global Lifestyle, and Global Preneed. Its Global Housing segment provides lender-placed homeowners, manufactured housing, and flood insurance; and renters insurance and related products, as well as voluntary manufactured housing insurance, homeowners insurance, and other products. The Global Lifestyle segment offers mobile device protection products and related services, and extended service contracts for consumer electronics and appliances, as well as assistance services; vehicle protection and related services; and credit and other insurance services. Its Global Preneed segment provides pre-funded funeral insurance and annuity products. The company was formerly known as Fortis, Inc. and changed its name to Assurant, Inc. in February 2004. Assurant, Inc. was founded in 1892 and is headquartered in New York, New York.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/18 20:32|
|End of Day Share Price||2020/02/18 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.