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.



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




US Insurance


US Market

1 Year Return




US Insurance


US Market

Return vs Industry: AIZ exceeded the US Insurance industry which returned 14.6% over the past year.

Return vs Market: AIZ exceeded the US Market which returned 6.2% over the past year.

Share holder returns

7 Day-0.8%-0.9%0.6%
30 Day0.6%-1.5%-1.8%
90 Day12.1%-3.7%-2.0%
1 Year25.7%22.9%17.4%14.6%8.6%6.2%
3 Year48.1%38.3%41.8%30.9%45.7%36.3%
5 Year125.3%101.8%75.0%54.2%68.5%50.0%

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


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


Discount to future cash flow value

Intrinsic Value Based on Future Cash Flows

Undervalued: AIZ ($125.78) is trading below our estimate of fair value ($132.72)

Significantly Undervalued: AIZ is trading below fair value, but not by a significant amount.

Price Based on Earnings

PE vs Industry: AIZ is poor value based on its PE Ratio (21.4x) compared to the Insurance industry average (15.6x).

PE vs Market: AIZ is poor value based on its PE Ratio (21.4x) compared to the US market (17.5x).

Price Based on Expected Growth

Low PEG Ratio: AIZ is poor value based on its PEG Ratio (1.2x)

Price Based on Value of Assets

PB vs Industry: AIZ is overvalued based on its PB Ratio (1.3x) compared to the US Insurance industry average (1.2x).

Next Steps

Future Growth

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


Forecasted annual earnings growth

Earnings and Revenue Growth Estimates

Future Annual Growth Analysis

Earnings vs Savings Rate: AIZ's forecast earnings growth (18.1% per year) is above the savings rate (2.7%).

Earnings vs Market: AIZ's earnings (18.1% per year) are forecast to grow faster than the US market (14.5% per year).

High Growth Earnings: AIZ's earnings are forecast to grow, but not significantly.

Revenue vs Market: AIZ's revenue (3.6% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: AIZ's revenue (3.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Estimates

Future Return on Equity

High Future ROE: AIZ's Return on Equity is forecast to be low in 3 years time (10.7%).

Next Steps

Past Performance

How has Assurant performed over the past 5 years?


Historical annual earnings growth

Earnings and Revenue History

Past Earnings Growth Analysis

Earnings Trend: AIZ's earnings have declined by -0.8% per year over the past 5 years.

Accelerating Growth: AIZ's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: AIZ had negative earnings growth (-12.9%) over the past year, making it difficult to compare to the Insurance industry average (3.1%).

Return on Equity

High ROE: AIZ's Return on Equity (6.8%) is considered low.

Return on Assets

ROA vs Industry: AIZ's Return on Assets is below or equal to the Insurance industry average last year.

Return on Capital Employed

ROCE Improving: AIZ's Return on Capital Employed has declined over the past 3 years.

Next Steps

Financial Health

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

Balance Sheet

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 3.585370x 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.

Next Steps


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


Expected Dividend Yield

Dividend Yield vs Market


Current dividend yield vs market & industry

Dividend Yield and Payments Analysis

Notable Dividend: AIZ's dividend (1.91%) is higher than the bottom 25% of dividend payers in the US market (1.46%).

High Dividend: AIZ's dividend (1.91%) is low compared to the top 25% of dividend payers in the US market (3.77%).

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 (40.2%), 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 (25.6% payout ratio).

Next Steps


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


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 ($USD13.62M) is about average for companies of similar size in the US market ($USD6.81M).

Compensation vs Earnings: 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


Average Tenure


Average Age

Experienced Management: AIZ's management team is considered experienced (3.3 years average tenure).

Board Age and Tenure


Average Tenure


Average Age

Experienced Board: AIZ's board of directors are considered experienced (8.2 years average tenure).

Insider Trading

Insider Buying: AIZ insiders have only sold shares in the past 3 months.

Recent Insider Transactions

SellUS$1,863,63621 Aug 19
Gene Mergelmeyer
Chief Operating Officer
Executive VP & COO
Max PriceUS$124.85
SellUS$683,43021 Aug 19
Michael Campbell
Max PriceUS$124.26
SellUS$772,364,92525 Mar 19
TPG Capital, L.P.
Max PriceUS$98.15
SellUS$110,64420 Nov 18
Christopher Pagano
Max PriceUS$99.95

Ownership Breakdown

Management Team

  • Richard Dziadzio (55yo)

    Executive VP & CFO

    • Tenure: 3.3yrs
    • Compensation: US$5.70m
  • Eric Greenman

    Chief Investment Officer & Executive VP

    • Tenure: 5.2yrs
  • Alan Colberg (57yo)


    • Tenure: 4.8yrs
    • Compensation: US$13.62m
  • Francesca Luthi

    Executive VP and Chief Communication & Marketing Officer

    • Tenure: 4.1yrs
  • Gene Mergelmeyer (60yo)

    Executive VP & COO

    • Tenure: 3.3yrs
    • Compensation: US$4.61m
  • Carey Roberts (48yo)

    Executive VP

    • Tenure: 2yrs
  • Joe Surber

    Senior VP & Global Technology Officer

    • Tenure: 0.8yrs
  • Suzanne Shepherd

    Senior Vice President of Investor Relations

    • Tenure: 5.8yrs
  • Dan Pacicco

    Senior VP

    • Tenure: 2.3yrs
  • John Pawloski

    Senior VP & Chief Compliance Officer

    • Tenure: 1.3yrs

Board Members

  • Lawrence Jackson (65yo)


    • Tenure: 10.3yrs
    • Compensation: US$245.05k
  • Elaine Rosen (66yo)

    Non-Executive Chair of the Board

    • Tenure: 8.9yrs
    • Compensation: US$378.55k
  • Bud Koch (72yo)


    • Tenure: 14.2yrs
    • Compensation: US$225.05k
  • Debra Perry (68yo)


    • Tenure: 2.2yrs
    • Compensation: US$226.05k
  • Jean-Paul Montupet (71yo)


    • Tenure: 7.1yrs
    • Compensation: US$225.05k
  • Harriet Edelman (63yo)


    • Tenure: 2.2yrs
    • Compensation: US$225.05k
  • Paul Reilly (62yo)


    • Tenure: 8.3yrs
    • Compensation: US$232.55k
  • Alan Colberg (57yo)


    • Tenure: 4.8yrs
    • Compensation: US$13.62m
  • Juan Cento (67yo)


    • Tenure: 13.4yrs
    • Compensation: US$225.05k
  • Bob Stein (70yo)


    • Tenure: 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$7.689b
  • Shares outstanding: 61.13m
  • Website: https://www.assurant.com

Number of Employees


  • Assurant, Inc.
  • 28 Liberty Street
  • 41st Floor
  • New York
  • New York
  • 10005
  • United States


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


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 Analysis2019/10/13 00:57
End of Day Share Price2019/10/11 00:00
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.


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