Assurant, Inc., together with its subsidiaries, provides lifestyle and housing solutions that support, protect, and connect consumer purchases in North America, Latin America, Europe, and the Asia Pacific.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$159.92|
|52 Week High||US$116.40|
|52 Week Low||US$172.22|
|1 Month Change||-4.09%|
|3 Month Change||0.88%|
|1 Year Change||35.71%|
|3 Year Change||50.46%|
|5 Year Change||74.83%|
|Change since IPO||547.45%|
Recent News & Updates
|AIZ||US Insurance||US Market|
Return vs Industry: AIZ underperformed the US Insurance industry which returned 40.9% over the past year.
Return vs Market: AIZ matched the US Market which returned 36.2% over the past year.
Stable Share Price: AIZ is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 2% a week.
Volatility Over Time: AIZ's weekly volatility (2%) has been stable over the past year.
About the Company
Assurant, Inc., together with its subsidiaries, provides lifestyle and housing solutions that support, protect, and connect consumer purchases in North America, Latin America, Europe, and the Asia Pacific. The company operates through three segments: Global Lifestyle, Global Housing, and Global Preneed. The Global Lifestyle segment offers mobile device solutions, and extended service products and related services for mobile devices, consumer electronics, and appliances; vehicle protection and related services; and credit protection and other insurance products.
Assurant Fundamentals Summary
|AIZ fundamental statistics|
Is AIZ overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|AIZ income statement (TTM)|
|Cost of Revenue||US$9.16b|
Last Reported Earnings
Jun 30, 2021
Next Earnings Date
|Earnings per share (EPS)||7.49|
|Net Profit Margin||4.37%|
How did AIZ perform over the long term?See historical performance and comparison
1.6%Current Dividend Yield
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: AIZ ($159.92) is trading below our estimate of fair value ($222.45)
Significantly Below Fair Value: AIZ is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: AIZ is poor value based on its PE Ratio (20.9x) compared to the US Insurance industry average (9.5x).
PE vs Market: AIZ is poor value based on its PE Ratio (20.9x) compared to the US market (17.7x).
Price to Earnings Growth Ratio
PEG Ratio: AIZ is poor value based on its PEG Ratio (1.8x)
Price to Book Ratio
PB vs Industry: AIZ is overvalued based on its PB Ratio (1.6x) compared to the US Insurance industry average (1.1x).
How is Assurant forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AIZ's forecast earnings growth (11.5% per year) is above the savings rate (2%).
Earnings vs Market: AIZ's earnings (11.5% per year) are forecast to grow slower than the US market (14.9% per year).
High Growth Earnings: AIZ's earnings are forecast to grow, but not significantly.
Revenue vs Market: AIZ's revenue (4.1% per year) is forecast to grow slower than the US market (9.8% per year).
High Growth Revenue: AIZ's revenue (4.1% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: AIZ's Return on Equity is forecast to be low in 3 years time (13.3%).
How has Assurant performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AIZ has a large one-off loss of $164.6M impacting its June 30 2021 financial results.
Growing Profit Margin: AIZ's current net profit margins (4.4%) are higher than last year (3.8%).
Past Earnings Growth Analysis
Earnings Trend: AIZ's earnings have declined by 6.2% per year over the past 5 years.
Accelerating Growth: AIZ's earnings growth over the past year (22.7%) exceeds its 5-year average (-6.2% per year).
Earnings vs Industry: AIZ earnings growth over the past year (22.7%) underperformed the Insurance industry 76%.
Return on Equity
High ROE: AIZ's Return on Equity (7.8%) is considered low.
How is Assurant's financial position?
Financial Position Analysis
Short Term Liabilities: AIZ's short term assets ($25.0B) do not cover its short term liabilities ($35.9B).
Long Term Liabilities: AIZ's short term assets ($25.0B) exceed its long term liabilities ($4.2B).
Debt to Equity History and Analysis
Debt Level: AIZ's debt to equity ratio (43.2%) is considered high.
Reducing Debt: AIZ's debt to equity ratio has increased from 25.3% to 43.2% over the past 5 years.
Debt Coverage: AIZ's debt is well covered by operating cash flow (61.9%).
Interest Coverage: AIZ's interest payments on its debt are well covered by EBIT (8.3x coverage).
What is Assurant current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AIZ's dividend (1.65%) is higher than the bottom 25% of dividend payers in the US market (1.35%).
High Dividend: AIZ's dividend (1.65%) is low compared to the top 25% of dividend payers in the US market (3.63%).
Stability and Growth of Payments
Stable Dividend: AIZ's dividends per share have been stable in the past 10 years.
Growing Dividend: AIZ's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (34.8%), AIZ's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AIZ's dividends in 3 years are forecast to be well covered by earnings (21.9% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Alan Colberg (59 yo)
Mr. Alan B. Colberg served as the President of Assurant, Inc. since September 16, 2014 until May 18, 2021 and has been its Chief Executive Officer since January 1, 2015. Mr. Colberg serves as Chief Executi...
CEO Compensation Analysis
Compensation vs Market: Alan's total compensation ($USD11.86M) is above average for companies of similar size in the US market ($USD6.46M).
Compensation vs Earnings: Alan's compensation has been consistent with company performance over the past year.
Experienced Management: AIZ's management team is considered experienced (2.9 years average tenure).
Experienced Board: AIZ's board of directors are considered experienced (7.8 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: AIZ insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Assurant, Inc.'s employee growth, exchange listings and data sources
- Name: Assurant, Inc.
- Ticker: AIZ
- Exchange: NYSE
- Founded: 1892
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: US$9.415b
- Shares outstanding: 58.81m
- Website: https://www.assurant.com
Number of Employees
- Assurant, Inc.
- 55 Broadway
- Suite 2901
- New York
- New York
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/23 23:01|
|End of Day Share Price||2021/09/23 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.