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AIZ

AssurantNYSE:AIZ Stock Report

Market Cap

US$9.4b

7D

-1.8%

1Y

35.7%

Updated

23 Sep, 2021

Data

Company Financials +
AIZ fundamental analysis
Snowflake Score
Valuation2/6
Future Growth1/6
Past Performance2/6
Financial Health3/6
Dividends5/6

AIZ Overview

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.

Assurant Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Assurant
Historical stock prices
Current Share PriceUS$159.92
52 Week HighUS$116.40
52 Week LowUS$172.22
Beta0.66
1 Month Change-4.09%
3 Month Change0.88%
1 Year Change35.71%
3 Year Change50.46%
5 Year Change74.83%
Change since IPO547.45%

Recent News & Updates

Shareholder Returns

AIZUS InsuranceUS Market
7D-1.8%-0.6%-0.5%
1Y35.7%42.4%37.5%

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.

Price Volatility

Is AIZ's price volatile compared to industry and market?
AIZ volatility
AIZ Beta0.66
Industry Beta0.97
Market Beta1

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

FoundedEmployeesCEOWebsite
189213,850Alan Colberghttps://www.assurant.com

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

How do Assurant's earnings and revenue compare to its market cap?
AIZ fundamental statistics
Market CapUS$9.42b
Earnings (TTM)US$449.00m
Revenue (TTM)US$10.26b

20.9x

P/E Ratio

0.9x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
AIZ income statement (TTM)
RevenueUS$10.26b
Cost of RevenueUS$9.16b
Gross ProfitUS$1.11b
ExpensesUS$658.70m
EarningsUS$449.00m

Last Reported Earnings

Jun 30, 2021

Next Earnings Date

n/a

Earnings per share (EPS)7.49
Gross Margin10.79%
Net Profit Margin4.37%
Debt/Equity Ratio43.2%

How did AIZ perform over the long term?

See historical performance and comparison

Dividends

1.6%

Current Dividend Yield

35%

Payout Ratio

Valuation

Is Assurant undervalued compared to its fair value and its price relative to the market?

28.1%

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).


Future Growth

How is Assurant forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?

11.5%

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%).


Past Performance

How has Assurant performed over the past 5 years?

-6.2%

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.


Financial Health

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).


Balance Sheet


Dividend

What is Assurant current dividend yield, its reliability and sustainability?

1.65%

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).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.9yrs

Average management tenure


CEO

Alan Colberg (59 yo)

6.67yrs

Tenure

US$11,855,966

Compensation

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.


Leadership Team

Experienced Management: AIZ's management team is considered experienced (2.9 years average tenure).


Board Members

Experienced Board: AIZ's board of directors are considered experienced (7.8 years average tenure).


Ownership

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

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Assurant, Inc.'s employee growth, exchange listings and data sources


Key Information

  • 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


Location

  • Assurant, Inc.
  • 55 Broadway
  • Suite 2901
  • New York
  • New York
  • 10006
  • United States

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/09/23 23:01
End of Day Share Price2021/09/23 00:00
Earnings2021/06/30
Annual Earnings2020/12/31


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.