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Market Cap

US$8.9b

Last Updated

2021/04/12 22:12 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


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

3.6%

AIZ

1.3%

US Insurance

2.1%

US Market


1 Year Return

36.2%

AIZ

36.1%

US Insurance

56.3%

US Market

Return vs Industry: AIZ underperformed the US Insurance industry which returned 36.1% over the past year.

Return vs Market: AIZ underperformed the US Market which returned 56.3% over the past year.


Shareholder returns

AIZIndustryMarket
7 Day3.6%1.3%2.1%
30 Day8.5%0.9%2.4%
90 Day4.8%10.7%6.8%
1 Year39.2%36.2%39.7%36.1%59.1%56.3%
3 Year70.7%59.9%32.5%22.6%65.7%55.1%
5 Year103.2%81.8%77.3%55.2%122.3%97.7%

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

Valuation

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

28.3%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: AIZ ($146.96) is trading below our estimate of fair value ($206.43)

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 (14.4x).

PE vs Market: AIZ is good value based on its PE Ratio (20.9x) compared to the US market (22.3x).


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 (1.4x) 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 (18.6% 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?

1.78%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: AIZ's dividend (1.8%) is higher than the bottom 25% of dividend payers in the US market (1.26%).

High Dividend: AIZ's dividend (1.8%) is low compared to the top 25% of dividend payers in the US market (3.5%).


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 ($USD11.86M) is above average for companies of similar size in the US market ($USD6.40M).

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$8.894b
  • 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

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2021/04/12 22:12
End of Day Share Price2021/04/12 00:00
Earnings2020/12/31
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.