Assurant
Market Cap
US$9.6b
Last Updated
2021/04/16 22:43 UTC
Data Sources
Company Financials +
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
Rewards
Risk Analysis
Snowflake Analysis
Established dividend payer and fair value.
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 is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 4% a week.
Volatility Over Time: AIZ's weekly volatility (4%) has been stable over the past year.
Market Performance
7 Day Return
3.8%
AIZ
2.0%
US Insurance
1.3%
US Market
1 Year Return
44.1%
AIZ
43.1%
US Insurance
53.9%
US Market
Return vs Industry: AIZ matched the US Insurance industry which returned 43.1% over the past year.
Return vs Market: AIZ underperformed the US Market which returned 53.9% over the past year.
Shareholder returns
| AIZ | Industry | Market | |
|---|---|---|---|
| 7 Day | 3.8% | 2.0% | 1.3% |
| 30 Day | 10.0% | 3.4% | 3.3% |
| 90 Day | 8.8% | 12.7% | 8.9% |
| 1 Year | 47.3%44.1% | 46.9%43.1% | 56.6%53.9% |
| 3 Year | 74.2%63.3% | 33.5%23.5% | 64.4%53.6% |
| 5 Year | 114.0%91.5% | 80.6%57.9% | 120.4%95.7% |
Long-Term 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
2 weeks ago | Simply Wall St
How Much Are Assurant, Inc. (NYSE:AIZ) Insiders Spending On Buying Shares?1 month ago | Simply Wall St
Assurant, Inc. (NYSE:AIZ) Is Going Strong But Fundamentals Appear To Be Mixed : Is There A Clear Direction For The Stock?2 months ago | Simply Wall St
Why You Might Be Interested In Assurant, Inc. (NYSE:AIZ) For Its Upcoming DividendValuation
Is Assurant undervalued compared to its fair value and its price relative to the market?
26.5%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AIZ ($152.5) is trading below our estimate of fair value ($207.51)
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 (21.7x) compared to the US Insurance industry average (14.8x).
PE vs Market: AIZ is good value based on its PE Ratio (21.7x) compared to the US market (22.5x).
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 (1.5x) 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 4 analysts?
19.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: AIZ's forecast earnings growth (19.4% per year) is above the savings rate (2%).
Earnings vs Market: AIZ's earnings (19.4% per year) are forecast to grow faster than the US market (18.1% 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 (-4% per year).
High Growth Revenue: AIZ's revenue is forecast to decline over the next 3 years (-4% 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 (13.7%).
Past Performance
How has Assurant performed over the past 5 years?
-2.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: AIZ has a large one-off loss of $164.6M impacting its December 31 2020 financial results.
Growing Profit Margin: AIZ's current net profit margins (4.2%) are higher than last year (3.7%).
Past Earnings Growth Analysis
Earnings Trend: AIZ's earnings have declined by 2% per year over the past 5 years.
Accelerating Growth: AIZ's earnings growth over the past year (16.3%) exceeds its 5-year average (-2% per year).
Earnings vs Industry: AIZ earnings growth over the past year (16.3%) exceeded the Insurance industry -9.8%.
Return on Equity
High ROE: AIZ's Return on Equity (7.4%) is considered low.
Financial Health
How is Assurant's financial position?
Financial Position Analysis
Short Term Liabilities: AIZ's short term assets ($14.1B) do not cover its short term liabilities ($24.0B).
Long Term Liabilities: AIZ's short term assets ($14.1B) do not cover its long term liabilities ($14.7B).
Debt to Equity History and Analysis
Debt Level: AIZ's debt to equity ratio (37.8%) is considered satisfactory.
Reducing Debt: AIZ's debt to equity ratio has increased from 25.9% to 37.8% over the past 5 years.
Debt Coverage: AIZ's debt is well covered by operating cash flow (59.6%).
Interest Coverage: AIZ's interest payments on its debt are well covered by EBIT (7.5x coverage).
Balance Sheet
Dividend
What is Assurant current dividend yield, its reliability and sustainability?
1.73%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AIZ's dividend (1.73%) is higher than the bottom 25% of dividend payers in the US market (1.24%).
High Dividend: AIZ's dividend (1.73%) is low compared to the top 25% of dividend payers in the US market (3.46%).
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 (36.2%), 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 (21.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Alan Colberg (58 yo)
6.25yrs
Tenure
US$11,855,966
Compensation
Mr. Alan B. Colberg has been the President of Assurant, Inc. since September 16, 2014 and its Chief Executive Officer since January 1, 2015. Mr. Colberg serves as Chief Executive Officer and President at A...
CEO Compensation Analysis
Compensation vs Market: Alan's total compensation ($USD11.86M) is above average for companies of similar size in the US market ($USD6.50M).
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 (3.8 years average tenure).
Board Members
Experienced Board: AIZ's board of directors are considered experienced (7.4 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$9.573b
- Shares outstanding: 60.52m
- Website: https://www.assurant.com
Number of Employees
Location
- Assurant, Inc.
- 28 Liberty Street
- 41st Floor
- New York
- New York
- 10005
- United States
Listings
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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/04/16 22:43 |
| End of Day Share Price | 2021/04/16 00:00 |
| Earnings | 2020/12/31 |
| Annual Earnings | 2020/12/31 |
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.