NYSE:AIZ

Stock Analysis Report

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Executive Summary

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. More Details


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 has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.1%

AIZ

-0.6%

US Insurance

-1.3%

US Market


1 Year Return

-3.1%

AIZ

-12.8%

US Insurance

18.5%

US Market

Return vs Industry: AIZ exceeded the US Insurance industry which returned -13.5% over the past year.

Return vs Market: AIZ underperformed the US Market which returned 19.5% over the past year.


Shareholder returns

AIZIndustryMarket
7 Day0.1%-0.6%-1.3%
30 Day2.1%1.9%5.3%
90 Day14.2%-1.7%7.5%
1 Year-1.1%-3.1%-10.4%-12.8%21.3%18.5%
3 Year31.4%22.8%-0.6%-7.8%42.4%32.9%
5 Year68.8%50.6%35.7%18.6%84.2%63.5%

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?

21.1%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AIZ ($121.79) is trading below our estimate of fair value ($156.31)

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 (19.2x) compared to the US Insurance industry average (14.7x).

PE vs Market: AIZ is poor value based on its PE Ratio (19.2x) compared to the US market (19x).


Price to Earnings Growth Ratio

PEG Ratio: AIZ is poor value based on its PEG Ratio (1.1x)


Price to Book Ratio

PB vs Industry: AIZ is overvalued based on its PB Ratio (1.2x) compared to the US Insurance industry average (0.9x).


Next Steps

Future Growth

How is Assurant forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

16.7%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: AIZ's forecast earnings growth (16.7% per year) is above the savings rate (2.2%).

Earnings vs Market: AIZ's earnings (16.7% per year) are forecast to grow slower than the US market (22.1% per year).

High Growth Earnings: AIZ's earnings are forecast to grow, but not significantly.

Revenue vs Market: AIZ's revenue is expected to decline over the next 3 years (-5.1% per year).

High Growth Revenue: AIZ's revenue is forecast to decline over the next 3 years (-5.1% 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 (11.4%).


Next Steps

Past Performance

How has Assurant performed over the past 5 years?

2.2%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: AIZ has high quality earnings.

Growing Profit Margin: AIZ's current net profit margins (3.9%) are higher than last year (3.8%).


Past Earnings Growth Analysis

Earnings Trend: AIZ's earnings have grown by 2.2% per year over the past 5 years.

Accelerating Growth: AIZ's earnings growth over the past year (5.2%) exceeds its 5-year average (2.2% per year).

Earnings vs Industry: AIZ earnings growth over the past year (5.2%) exceeded the Insurance industry -3.3%.


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?


Financial Position Analysis

Short Term Liabilities: AIZ's short term assets ($13.6B) do not cover its short term liabilities ($22.8B).

Long Term Liabilities: AIZ's short term assets ($13.6B) do not cover its long term liabilities ($15.5B).


Debt to Equity History and Analysis

Debt Level: AIZ's debt to equity ratio (60.8%) is considered high.

Reducing Debt: AIZ's debt to equity ratio has increased from 26.2% to 60.8% over the past 5 years.

Debt Coverage: AIZ's debt is well covered by operating cash flow (26.9%).

Interest Coverage: AIZ's interest payments on its debt are well covered by EBIT (6.1x coverage).


Balance Sheet


Next Steps

Dividend

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

2.05%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AIZ's dividend (2.07%) is higher than the bottom 25% of dividend payers in the US market (1.62%).

High Dividend: AIZ's dividend (2.07%) is low compared to the top 25% of dividend payers in the US market (4.66%).


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 (39.2%), 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 (23.9% payout ratio).


Next Steps

Management

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

3.3yrs

Average management tenure


CEO

Alan Colberg (58 yo)

5.75yrs

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 ($USD10.16M) is above average for companies of similar size in the US market ($USD7.31M).

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


Leadership Team

NamePositionTenureCompensationOwnership
Alan Colberg
President5.75yrsUS$10.16m0.28%
$ 20.2m
Richard Dziadzio
Executive VP & CFO4.25yrsUS$3.53m0.052%
$ 3.8m
Gene Mergelmeyer
Executive VP & COO 4.25yrsUS$5.95m0.19%
$ 14.1m
Keith Demmings
Executive VP & President of Global Lifestyle4.25yrsUS$3.02m0.046%
$ 3.4m
Vadim Lipovetsky
Chief Investment Officer0.17yrno datano data
Dimitry DiRienzo
Senior VP0.083yrno datano data
Joseph Surber
Senior VP & Global Technology Officer1.75yrsno datano data
Francesca Luthi
Executive VP and Chief Communication0.25yrno data0.018%
$ 1.3m
Suzanne Shepherd
Senior Vice President of Investor Relations6.75yrsno datano data
John Pawloski
Senior VP & Chief Compliance Officer2.25yrsno datano data
Jay Rosenblum
Executive VP & Chief Legal Officer0.67yrno data0.011%
$ 793.4k
Allen Walker
Senior Vice President of Organizational Development & Corporate Communications12.17yrsno datano data

3.3yrs

Average Tenure

56yo

Average Age

Experienced Management: AIZ's management team is considered experienced (3.3 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Alan Colberg
President5.75yrsUS$10.16m0.28%
$ 20.2m
Paget Alves
Independent Director0.92yrUS$155.33kno data
Lawrence Jackson
Independent Director11.25yrsUS$450.85k0.037%
$ 2.7m
Elaine Rosen
Independent Non-Executive Chair of the Board9.92yrsUS$420.08k0.037%
$ 2.7m
Debra Perry
Independent Director3.17yrsUS$274.56k0%
$ 0
Jean-Paul Montupet
Independent Director8.08yrsUS$259.17k0.027%
$ 2.0m
Harriet Edelman
Independent Director3.17yrsUS$240.08k0%
$ 0
Paul Reilly
Independent Director9.33yrsUS$255.08k0.028%
$ 2.0m
J. Carter
Director0.25yrno datano data
Juan Cento
Independent Director14.42yrsUS$240.08k0.042%
$ 3.1m
Robert Stein
Independent Director9yrsUS$265.08k0.0014%
$ 104.6k
Ognjen Redzic
Independent Director0.92yrUS$155.33kno data

6.9yrs

Average Tenure

65.5yo

Average Age

Experienced Board: AIZ's board of directors are considered experienced (6.9 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 not been meaningfully diluted in the past year.


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$7.313b
  • Shares outstanding: 59.65m
  • 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
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., 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. ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/10/21 00:48
End of Day Share Price2020/10/20 00:00
Earnings2020/06/30
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.