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

Fundamentals

Established dividend payer with limited growth.


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


Market Performance


7 Day Return

-4.1%

NYSE:AIZ

-2.3%

US Insurance

-1.6%

US Market


1 Year Return

14.1%

NYSE:AIZ

5.6%

US Insurance

-3.0%

US Market

AIZ outperformed the Insurance industry which returned 5.6% over the past year.

AIZ outperformed the Market in United States of America which returned -3% over the past year.


Share holder returns

AIZIndustryMarket
7 Day-4.1%-2.3%-1.6%
30 Day5.4%-5.9%-5.7%
90 Day18.4%-0.6%0.2%
1 Year16.8%14.1%8.1%5.6%-0.8%-3.0%
3 Year45.9%36.2%40.6%30.0%38.1%29.1%
5 Year99.8%78.9%60.5%41.5%50.8%34.1%

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 based on future cash flows and its price relative to the stock market?

9%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

Assurant's share price is below the future cash flow value, but not at a moderate discount (< 20%).

Assurant's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

Assurant is overvalued based on earnings compared to the US Insurance industry average.

Assurant is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

Assurant is poor value based on expected growth next year.


Price Based on Value of Assets

Assurant is overvalued based on assets compared to the US Insurance industry average.


Next Steps

Future Growth

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

14.9%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

Assurant's revenue is expected to grow by 3.2% yearly, however this is not considered high growth (20% yearly).

Assurant's earnings are expected to grow by 14.9% yearly, however this is not considered high growth (20% yearly).

Assurant's revenue growth is positive but not above the United States of America market average.

Assurant's earnings growth is expected to exceed the United States of America market average.

Assurant's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Assurant is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has Assurant performed over the past 5 years?

-0.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Assurant's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.

Assurant's 1-year earnings growth is negative, it can't be compared to the 5-year average.

Assurant's 1-year earnings growth is negative, it can't be compared to the US Insurance industry average.


Return on Equity

Assurant has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

Assurant used its assets less efficiently than the US Insurance industry average last year based on Return on Assets.


Return on Capital Employed

Assurant's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is Assurant's financial position?


Financial Position Analysis

Assurant's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Assurant's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Assurant's level of debt (62.9%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (23.7% vs 62.9% today).

Debt is well covered by operating cash flow (33.4%, greater than 20% of total debt).

Interest payments on debt are well covered by earnings (EBIT is 6.6x coverage).


Balance Sheet

Low level of unsold assets.

Debt is covered by short term assets, assets are 3.6x debt.


Next Steps

Dividend

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

2.18%

Expected Dividend Yield


Dividend Yield and Payments Analysis

Assurant's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.52%).

Assurant's dividend is below the markets top 25% of dividend payers in United States of America (3.93%).

Dividends per share have been stable in the past 10 years.

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.5x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be well covered by earnings (3.9x coverage).


Next Steps

Management

What is the CEO of Assurant's salary, the management and board of directors tenure and is there insider trading?

3.1yrs

Average management tenure


CEO

Alan Colberg (57yo)

4.6yrs

Tenure

US$13,616,946

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

Alan's remuneration is higher than average for companies of similar size in United States of America.

Alan's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.


Management Age and Tenure

3.1yrs

Average Tenure

56yo

Average Age

The tenure for the Assurant management team is about average.


Board Age and Tenure

8.0yrs

Average Tenure

66.5yo

Average Age

The tenure for the Assurant board of directors is about average.


Insider Trading

Assurant individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$1,863,63621 Aug 19
Gene Mergelmeyer
EntityIndividual
Role
Chief Operating Officer
Executive VP & COO
Shares15,000
Max PriceUS$124.85
SellUS$683,43021 Aug 19
Michael Campbell
EntityIndividual
Shares5,500
Max PriceUS$124.26
SellUS$772,364,92525 Mar 19
TPG Capital, L.P.
EntityCompany
Shares7,869,230
Max PriceUS$98.15
SellUS$110,64420 Nov 18
Christopher Pagano
EntityIndividual
Shares1,107
Max PriceUS$99.95
SellUS$49,052,01620 Sep 18
TPG Capital, L.P.
EntityCompany
Shares466,540
Max PriceUS$105.14
SellUS$121,320,00014 Sep 18
TPG Capital, L.P.
EntityCompany
Shares1,200,000
Max PriceUS$101.10

Ownership Breakdown


Management Team

  • Richard Dziadzio (55yo)

    Executive VP & CFO

    • Tenure: 3.1yrs
    • Compensation: US$5.70m
  • Eric Greenman

    Chief Investment Officer & Executive VP

    • Tenure: 5.0yrs
  • Alan Colberg (57yo)

    President

    • Tenure: 4.6yrs
    • Compensation: US$13.62m
  • Francesca Luthi

    Executive VP and Chief Communication & Marketing Officer

    • Tenure: 3.9yrs
  • Gene Mergelmeyer (60yo)

    Executive VP & COO

    • Tenure: 3.1yrs
    • Compensation: US$4.61m
  • Carey Roberts (48yo)

    Executive VP

    • Tenure: 1.8yrs
  • Joe Surber

    Senior VP & Global Technology Officer

    • Tenure: 0.6yrs
  • Suzanne Shepherd

    Senior Vice President of Investor Relations

    • Tenure: 5.6yrs
  • Dan Pacicco

    Senior VP

    • Tenure: 2.2yrs
  • John Pawloski

    Senior VP & Chief Compliance Officer

    • Tenure: 1.1yrs

Board Members

  • Lawrence Jackson (65yo)

    Director

    • Tenure: 10.1yrs
    • Compensation: US$245.05k
  • Elaine Rosen (66yo)

    Non-Executive Chair of the Board

    • Tenure: 8.8yrs
    • Compensation: US$378.55k
  • Bud Koch (72yo)

    Director

    • Tenure: 14.0yrs
    • Compensation: US$225.05k
  • Debra Perry (68yo)

    Director

    • Tenure: 2.0yrs
    • Compensation: US$226.05k
  • Jean-Paul Montupet (71yo)

    Director

    • Tenure: 6.9yrs
    • Compensation: US$225.05k
  • Harriet Edelman (63yo)

    Director

    • Tenure: 2.0yrs
    • Compensation: US$225.05k
  • Paul Reilly (62yo)

    Director

    • Tenure: 8.2yrs
    • Compensation: US$232.55k
  • Alan Colberg (57yo)

    President

    • Tenure: 4.6yrs
    • Compensation: US$13.62m
  • Juan Cento (67yo)

    Director

    • Tenure: 13.3yrs
    • Compensation: US$225.05k
  • Bob Stein (70yo)

    Director

    • Tenure: 7.8yrs
    • Compensation: US$250.05k

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$7.301b
  • Shares outstanding: 61.13m
  • 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

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 th ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 23:56
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.