Assurant, Inc., through its subsidiaries, provides risk management solutions for housing and lifestyle markets in North America, Latin America, Europe, and the Asia Pacific.
Solid track record established dividend payer.
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.
7 Day Return
1 Year Return
Return vs Industry: AIZ exceeded the US Insurance industry which returned -18.1% over the past year.
Return vs Market: AIZ exceeded the US Market which returned -10.7% over the past year.
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 StA Sliding Share Price Has Us Looking At Assurant, Inc.'s (NYSE:AIZ) P/E Ratio
4 weeks ago | Simply Wall StAssurant (NYSE:AIZ) Shareholders Have Enjoyed An Impressive 104% Share Price Gain
1 month ago | Simply Wall St4 Days To Buy Assurant, Inc. (NYSE:AIZ) Before The Ex-Dividend Date
Is Assurant undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: AIZ ($104.09) is trading below our estimate of fair value ($129.41)
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 (17.7x) compared to the Insurance industry average (9.2x).
PE vs Market: AIZ is poor value based on its PE Ratio (17.7x) compared to the US market (13.1x).
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 (0.9x).
How is Assurant forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
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 (7.2% 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%).
How has Assurant performed over the past 5 years?
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.
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
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.
What is Assurant's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: AIZ's dividend (2.42%) is higher than the bottom 25% of dividend payers in the US market (1.95%).
High Dividend: AIZ's dividend (2.42%) is low compared to the top 25% of dividend payers in the US market (5.37%).
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).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Alan Colberg (57yo)
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 ($USD7.33M).
Compensation vs Earnings: Alan's compensation has been consistent with company performance over the past year.
|Interim Chief Accounting Officer||3.75yrs||US$3.53m||0.054% $3.4m|
|Executive VP & COO||3.75yrs||US$5.95m||0.19% $11.9m|
|Executive VP & Chief Human Resources Officer||5.75yrs||US$2.23m||0.066% $4.1m|
|Executive VP & President of Global Lifestyle||3.75yrs||US$3.02m||0.046% $2.9m|
|Chief Investment Officer & Executive VP||5.67yrs||no data||no data|
|Senior VP & Global Technology Officer||1.25yrs||no data||no data|
|Senior Vice President of Investor Relations||6.25yrs||no data||no data|
|Senior VP & Chief Compliance Officer||1.75yrs||no data||no data|
|Executive VP and Chief Communication & Marketing Officer||4.58yrs||no data||no data|
Experienced Management: AIZ's management team is considered experienced (4.2 years average tenure).
|Independent Director||10.75yrs||US$450.85k||0.034% $2.1m|
|Independent Non-Executive Chair of the Board||9.42yrs||US$420.08k||0.035% $2.2m|
|Independent Director||14.67yrs||US$240.08k||0.018% $1.1m|
|Independent Director||2.67yrs||US$274.56k||0.0070% $434.6k|
|Independent Director||7.58yrs||US$259.17k||0.024% $1.5m|
|Independent Director||2.67yrs||US$240.08k||no data|
|Independent Director||8.83yrs||US$255.08k||0.025% $1.6m|
|Independent Director||13.92yrs||US$240.08k||0.040% $2.5m|
|Independent Director||8.5yrs||US$250.05k||0.019% $1.2m|
Experienced Board: AIZ's board of directors are considered experienced (8.7 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4.6%.
Assurant, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: Assurant, Inc.
- Ticker: AIZ
- Exchange: NYSE
- Founded: 1892
- Industry: Multi-line Insurance
- Sector: Insurance
- Market Cap: US$6.218b
- Shares outstanding: 59.74m
- Website: https://www.assurant.com
Number of Employees
- Assurant, Inc.
- 28 Liberty Street
- 41st Floor
- New York
- New York
- United States
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|AIZ||NYSE (New York Stock Exchange)||Yes||Common Shares||US||USD||Feb 2004|
|ZAS||DB (Deutsche Boerse AG)||Yes||Common Shares||DE||EUR||Feb 2004|
|0HIN||LSE (London Stock Exchange)||Yes||Common Shares||GB||USD||Feb 2004|
|ZAS||BRSE (Berne Stock Exchange)||Yes||Common Shares||CH||CHF||Feb 2004|
|AIZP||NYSE (New York Stock Exchange)||6.50% CONV PFD D||US||USD||Mar 2018|
|A1SU34||BOVESPA (Bolsa de Valores de Sao Paulo)||BDR EACH 4 REPR 1 COM||BR||BRL||Jan 2020|
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
|Data||Last Updated (UTC time)|
|Company Analysis||2020/04/01 01:31|
|End of Day Share Price||2020/03/31 00:00|
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.