NYSE:AIZ

Stock Analysis Report

Executive Summary

Assurant, Inc., through its subsidiaries, provides risk management solutions for housing and lifestyle markets in North America, Latin America, Europe, and the Asia Pacific.


Snowflake Analysis

Solid track record established dividend payer.


Similar Companies

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: AIZ's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

9.4%

AIZ

11.7%

US Insurance

7.2%

US Market


1 Year Return

12.4%

AIZ

-17.3%

US Insurance

-10.4%

US Market

Return vs Industry: AIZ exceeded the US Insurance industry which returned -20.5% over the past year.

Return vs Market: AIZ exceeded the US Market which returned -12.7% over the past year.


Shareholder returns

AIZIndustryMarket
7 Day9.4%11.7%7.2%
30 Day-11.0%-18.1%-12.6%
90 Day-18.1%-26.4%-19.4%
1 Year14.7%12.4%-15.3%-17.3%-8.5%-10.4%
3 Year20.8%13.0%-3.4%-11.0%15.8%8.3%
5 Year96.1%75.5%22.4%7.5%35.8%21.0%

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

Valuation

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

18.0%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AIZ ($104.7) is trading below our estimate of fair value ($130.18)

Significantly Below Fair Value: AIZ is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: AIZ is poor value based on its PE Ratio (17.8x) compared to the Insurance industry average (8.8x).

PE vs Market: AIZ is poor value based on its PE Ratio (17.8x) compared to the US market (13x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate AIZ's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: AIZ is overvalued based on its PB Ratio (1.1x) compared to the US Insurance industry average (0.8x).


Next Steps

Future Growth

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

6.0%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if AIZ's forecast earnings growth is above the savings rate (1.7%).

Earnings vs Market: Insufficient data to determine if AIZ's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: AIZ's revenue (6% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: AIZ'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: AIZ's Return on Equity is forecast to be low in 3 years time (12%).


Next Steps

Past Performance

How has Assurant performed over the past 5 years?

0.9%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AIZ has high quality earnings.

Growing Profit Margin: AIZ's current net profit margins (3.7%) are higher than last year (2.9%).


Past Earnings Growth Analysis

Earnings Trend: AIZ's earnings have grown by 0.9% per year over the past 5 years.

Accelerating Growth: AIZ's earnings growth over the past year (53.7%) exceeds its 5-year average (0.9% per year).

Earnings vs Industry: AIZ earnings growth over the past year (53.7%) exceeded the Insurance industry 43.7%.


Return on Equity

High ROE: AIZ's Return on Equity (6.8%) is considered low.


Next Steps

Financial Health

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


Balance Sheet

Inventory Level: AIZ has a low level of unsold assets or inventory.

Debt Coverage by Assets: AIZ's debt is covered by short term assets (assets are 3.8x debt).


Financial Institutions Analysis

Asset Level: AIZ's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if AIZ has a sufficient allowance for bad loans.

Low Risk Liabilities: AIZ reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if AIZ has an acceptable proportion of non-loan assets held.

Low Risk Deposits: AIZ has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if AIZ has an appropriate level of bad loans.


Next Steps

Dividend

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

2.35%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AIZ's dividend (2.41%) is higher than the bottom 25% of dividend payers in the US market (1.98%).

High Dividend: AIZ's dividend (2.41%) is low compared to the top 25% of dividend payers in the US market (5.49%).


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 (41.4%), 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 (22.6% payout ratio).


Next Steps

Management

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

4.0yrs

Average management tenure


CEO

Alan Colberg (57yo)

5.17s

Tenure

US$10,155,682

Compensation

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 ($USD10.16M) is above average for companies of similar size in the US market ($USD7.36M).

Compensation vs Earnings: Alan's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Alan Colberg
President5.17yrsUS$10.16m0.28% $17.7m
Richard Dziadzio
Interim Chief Accounting Officer3.67yrsUS$3.53m0.054% $3.5m
Gene Mergelmeyer
Executive VP & COO 3.67yrsUS$5.95m0.19% $12.3m
Robyn H. Stonehill
Executive VP & Chief Human Resources Officer5.67yrsUS$2.23m0.066% $4.2m
Keith Demmings
Executive VP & President of Global Lifestyle3.67yrsUS$3.02m0.046% $3.0m
Eric Greenman
Chief Investment Officer & Executive VP5.58yrsno datano data
Joseph Surber
Senior VP & Global Technology Officer1.17yrsno datano data
Suzanne Shepherd
Senior Vice President of Investor Relations6.17yrsno datano data
John Pawloski
Senior VP & Chief Compliance Officer1.67yrsno datano data
Francesca Luthi
Executive VP and Chief Communication & Marketing Officer4.42yrsno datano data

4.0yrs

Average Tenure

51yo

Average Age

Experienced Management: AIZ's management team is considered experienced (4.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Alan Colberg
President5.17yrsUS$10.16m0.28% $17.7m
Lawrence Jackson
Independent Director10.67yrsUS$450.85k0.034% $2.2m
Elaine Rosen
Independent Non-Executive Chair of the Board9.25yrsUS$420.08k0.035% $2.2m
Charles Koch
Independent Director14.58yrsUS$240.08k0.018% $1.1m
Debra Perry
Independent Director2.58yrsUS$274.56k0.0070% $448.2k
Jean-Paul Montupet
Independent Director7.42yrsUS$259.17k0.024% $1.6m
Harriet Edelman
Independent Director2.58yrsUS$240.08kno data
Paul Reilly
Independent Director8.67yrsUS$255.08k0.025% $1.6m
Juan Cento
Independent Director13.83yrsUS$240.08k0.040% $2.6m
Robert Stein
Independent Director8.42yrsUS$250.05k0.019% $1.2m

8.5yrs

Average Tenure

66.5yo

Average Age

Experienced Board: AIZ's board of directors are considered experienced (8.6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.6%.


Top Shareholders

Company Information

Assurant, Inc.'s company bio, 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$6.411b
  • Shares outstanding: 59.74m
  • Website: https://www.assurant.com

Number of Employees


Location

  • Assurant, Inc.
  • 28 Liberty Street
  • 41st Floor
  • New York
  • New York
  • 10005
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
AIZNYSE (New York Stock Exchange)YesCommon SharesUSUSDFeb 2004
ZASDB (Deutsche Boerse AG)YesCommon SharesDEEURFeb 2004
0HINLSE (London Stock Exchange)YesCommon SharesGBUSDFeb 2004
ZASBRSE (Berne Stock Exchange)YesCommon SharesCHCHFFeb 2004
AIZPNYSE (New York Stock Exchange)6.50% CONV PFD DUSUSDMar 2018
A1SU34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 4 REPR 1 COMBRBRLJan 2020

Biography

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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/03/31 01:48
End of Day Share Price2020/03/30 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.