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.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: AIZ exceeded the US Insurance industry which returned -21.1% over the past year.
Return vs Market: AIZ underperformed the US Market which returned 5.3% 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 months ago | Simply Wall StIs The Market Rewarding Assurant, Inc. (NYSE:AIZ) With A Negative Sentiment As A Result Of Its Mixed Fundamentals?
3 months ago | Simply Wall StHere's What We Think About Assurant, Inc.'s (NYSE:AIZ) CEO Pay
3 months ago | Simply Wall StA Sliding Share Price Has Us Looking At Assurant, Inc.'s (NYSE:AIZ) P/E Ratio
Is Assurant undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: AIZ ($101.53) is trading above our estimate of fair value ($82.9)
Significantly Below Fair Value: AIZ is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: AIZ is poor value based on its PE Ratio (17.7x) compared to the US Insurance industry average (13.3x).
PE vs Market: AIZ is poor value based on its PE Ratio (17.7x) compared to the US market (16.1x).
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 (2.2%).
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 (5.8% per year) is forecast to grow slower than the US market (9.2% per year).
High Growth Revenue: AIZ's revenue (5.8% 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 (11.7%).
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 (3.5%) are higher than last year (3.3%).
Past Earnings Growth Analysis
Earnings Trend: AIZ's earnings have grown by 1.9% per year over the past 5 years.
Accelerating Growth: AIZ's earnings growth over the past year (20.6%) exceeds its 5-year average (1.9% per year).
Earnings vs Industry: AIZ earnings growth over the past year (20.6%) exceeded the Insurance industry -1.9%.
Return on Equity
High ROE: AIZ's Return on Equity (6.9%) is considered low.
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 ($22.9B).
Long Term Liabilities: AIZ's short term assets ($13.6B) do not cover its long term liabilities ($15.2B).
Debt to Equity History and Analysis
Debt Level: AIZ's debt to equity ratio (69.5%) is considered high.
Reducing Debt: AIZ's debt to equity ratio has increased from 24.7% to 69.5% over the past 5 years.
Debt Coverage: AIZ's debt is well covered by operating cash flow (27.9%).
Interest Coverage: AIZ's interest payments on its debt are well covered by EBIT (5.8x coverage).
What is Assurant current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: AIZ's dividend (2.48%) is higher than the bottom 25% of dividend payers in the US market (1.68%).
High Dividend: AIZ's dividend (2.48%) is low compared to the top 25% of dividend payers in the US market (4.59%).
Stability and Growth of Payments
Stable Dividend: AIZ's dividends per share have been stable in the past 10 years.
Growing Dividend: AIZ's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (42.8%), AIZ's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: AIZ's dividends in 3 years are forecast to be well covered by earnings (25% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Alan Colberg (58yo)
Mr. Alan B. Colberg has been the President of Assurant, Inc. since September 16, 2014 and has been its Chief Executive Officer since January 1, 2015. Mr. Colberg serves as Chief Executive Officer and Presi ...
CEO Compensation Analysis
Compensation vs Market: Alan's total compensation ($USD10.16M) is above average for companies of similar size in the US market ($USD7.39M).
Compensation vs Earnings: Alan's compensation has been consistent with company performance over the past year.
|Interim Chief Accounting Officer||4yrs||US$3.53m||0.054% $3.3m|
|Executive VP & COO||4yrs||US$5.95m||0.19% $11.6m|
|Executive VP & Chief Human Resources Officer||6yrs||US$2.23m||0.066% $4.0m|
|Executive VP & President of Global Lifestyle||4yrs||US$3.02m||0.046% $2.8m|
|Chief Investment Officer & Executive VP||5.92yrs||no data||no data|
|Senior VP & Global Technology Officer||1.5yrs||no data||no data|
|Senior Vice President of Investor Relations||6.5yrs||no data||no data|
|Senior VP & Chief Compliance Officer||2yrs||no data||no data|
|Executive VP and Chief Communication & Marketing Officer||4.83yrs||no data||no data|
|Senior Vice President of Organizational Development & Corporate Communications||11.92yrs||no data||no data|
|Senior Vice President of Public Affairs & Government Relations||13.25yrs||no data||no data|
Experienced Management: AIZ's management team is seasoned and experienced (5.2 years average tenure).
|Independent Director||0.67yr||US$155.33k||no data|
|Independent Director||11yrs||US$450.85k||0.037% $2.2m|
|Independent Non-Executive Chair of the Board||9.67yrs||US$420.08k||0.037% $2.2m|
|Independent Director||2.92yrs||US$274.56k||no data|
|Independent Director||7.83yrs||US$259.17k||0.027% $1.6m|
|Independent Director||2.92yrs||US$240.08k||no data|
|Independent Director||9.08yrs||US$255.08k||0.028% $1.7m|
|Director||no data||no data||no data|
|Independent Director||14.17yrs||US$240.08k||0.042% $2.6m|
|Independent Director||8.75yrs||US$265.08k||0.0014% $86.6k|
|Independent Director||0.67yr||US$155.33k||no data|
Experienced Board: AIZ's board of directors are considered experienced (7.8 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 not been meaningfully diluted in the past year.
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$6.056b
- Shares outstanding: 59.65m
- 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|
|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., 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. The company operates through three segments: Global Lifestyle, Global Housing, and Global Preneed. The Global Lifestyle segment provides mobile device protection products and 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. The Global Housing segment offers lender-placed homeowners insurance, manufactured housing, and flood insurance; and renters insurance and related products, as well as voluntary manufactured housing insurance, homeowners insurance, and other specialty products. The Global Preneed segment provides pre-funded funeral insurance, final need insurance, and related services. 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||2020/07/14 23:52|
|End of Day Share Price||2020/07/14 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.