Assurant, Inc.

Insurance Carriers, Nec

AIZMixed9 of 11 basics passed

$266.49

-2.33%

Market cap $13.1B

$266.49

-2.33%

Market cap $13.1B

Assurant Inc is a protection company that partners with the brands to safeguard and service connected devices, homes and automobiles. It operate in North America, Latin America, Europe and Asia Pacific through two operating segments: Global Lifestyle and Global Housing.

It is a $13.1B financial services company. Revenue grew 9.4% over the last year, and it keeps 8¢ of every dollar of sales as profit. It trades at 12.4× earnings — in the cheapest third of its own history.

Website: assurant.com
Location: Atlanta, GA
Employees: 14 800
Sector: Financial Services

Share price · 3 years

$145.94 → $266.49+82.6%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $13.5B
Profit: keeps 8¢ of every $1 sold; $1.06B
Free cash flow: cash left after running the business; $1.66B
P/E: years of profit in the price; 12.4
EPS: earnings per share, TTM; $20.82
Dividend: pays out 17% of profit · 11% of FCF; 1.34%
Shares: down 18% since 2016 — buybacks; 51.1M
Volatility: beta vs the market — under 1 swings less; 0.54

Revenue, last 10 years

52-week range

Low $207.70$266.49High $301.57

Today's price is 63% of the way from the year's low to its high.

P/E vs its history5y

12.4×median 14.0×

Higher than 30% of past days — in the cheapest third of its own history.

Valuation vs own history

P/E

12.4×

70%

P/S

1.0×

16%

EV/EBITDA

9.9×

93%

P/B

2.2×

13%

FCF yield

12.4%

71%

Share of the last ~5 years that was pricier than today (in line with its own history). Based on the daily valuation record.

Insider activity · 90 days

-$1.19Mnet selling

Purchases$0

Sales$1.19M

Insiders trading, last 14d0 buy · 0 sell

Standing in Financial Services

Size$13.1Btop 73%
Revenue growth+8%top 58%
Net margin8%top 75%
Return on equity18%top 31%
P/E12.4×top 40%
Dividend yield1.34%top 69%

Ranked against 129 Financial Services companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong valuation and quality; Growth and Health lag behind.

Valuation95

P/E vs own history30th pct · 20/25
FCF yield12.6% · 25/25
P/S1.0x · 25/25
EV/EBITDA8.0x · 25/25

Growth37

Revenue CAGR5.9% · 12/25
Net income CAGR-10.7% · 0/25
EPS CAGR ~5Y19.6% · 20/25
Fwd implied growth4.3% · 5/25

Profitability70

ROIC26.2% · 25/25
ROE18.0% · 20/25
Net margin7.9% · 13/25
Operating margin10.7% · 12/25

Health28

Altman Z0.46 · 3/25
Current ratio0.00 · 0/25
Interest coverage10.9x · 25/25
Net cash / debtn/a · 0/25

Quality90

Piotroski F6/9 · 15/25
Beneish M-2.56 · 25/25
FCF conversion156% · 25/25
Margin stabilityσ 3.1% · 25/25

Moat57

ROIC >12% years7/10 yrs · 20/25
Median gross marginn/a · 0/25
FCF-positive years10/10 yrs · 25/25
Worst-year net marginworst 2.7% · 12/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2021Financial
Best year on record
$1.37B net income
FY2019Financial
Revenue crossed $10B
$10.1B for the year
FY2016Financial
Profitable every year on record
10 consecutive profitable years in our data
FY2016Financial
Revenue already above $1B
$7.53B in first reported year
FY2016Financial
Positive free cash flow every year since
10-year streak

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$15 902 today — price return only

$12.8B revenue in FY2025

Revenue up 9.4% year over year

Profitable 10 years in a row

Positive free cash flow 10 years in a row

14 800 employees

ROIC of 26.2%

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

Could repay net debt from ~0.3 years of free cash flow
Interest covered 10.9× by operating earnings
High returns on invested capital (ROIC 26.2%)

Watch-outs

Altman Z-Score 0.46 — elevated financial-distress risk

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

9 of 11 checks passed

Revenue growing — the company sells more than a year ago+9.4% YoY
Profitable — makes more than it spends$1.06B TTM
Profit growing — earnings are higher than last year+50.3% YoY
Generates cash — cash left after running and investing$1.66B TTM
Debt under control — could handle its obligationscurrent ratio 0.00
Established company — not a micro-cap — lower blow-up risk$13.1B market cap
Not printing shares — share count not ballooning — you keep your slice-19.1% shares over ~5y
Proven track record — years of profitability behind it10/10 profitable years
Financially stable — balance sheet not near distressAltman Z 0.5 — distress
Pays a dividend — returns cash to shareholdersyield 1.34%
Valuation not extreme — price not wildly above earningsP/E 12.4

Peer comparisonAssurant, Inc. vs 6 largest financial services peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
AIZ this company	$13.1B	12.4	+9.4%	7.9%	Mixed
BRK.A Berkshire Hathaway Inc.	$1.1T	11.6	+3.9%	22.3%	Mixed
BRK.B Berkshire Hathaway	$1.1T	11.6	+0.0%	18.0%	Strong
JPM JPMorgan Chase & Co.	$886.2B	13.6	+13.5%	32.6%	Strained
V VISA Inc.	$723.9B	31.9	+14.4%	50.8%	Solid
MA Mastercard Incorporated	$516.4B	31.7	+16.0%	46.3%	Mixed
BAC Bank of America Corporation	$380.4B	11.3	+15.9%	27.8%	Mixed

Head-to-head: AIZ vs BRK.A · AIZ vs BRK.B · AIZ vs JPM

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 2Buy 9Hold 2

Appendix · Financial records

The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $13.5B · net income $1.06B (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

RevenueNet income

Revenue (TTM)

$13.5B

YoY 9.4%

Net income (TTM)

$1.06B

Margin 7.9%

Operating margin

10.7%

P/E ratio

12.4

Dividend yield

1.34%

Income statement — full detail

Figures in USD billions · EPS in USD

	2020	2021	2022	2023	2024	2025
Revenue	10.1	10.2	10.2	11.1	11.9	12.8
Gross profit	—	—	—	—	—	—
Operating income (EBIT)	0.5	0.8	0.3	0.8	0.9	1.1
Net income	0.4	1.4	0.3	0.6	0.8	0.9
EPS (diluted)	6.99	22.83	5.05	11.95	14.46	17.08

Cash flowFree cash flow $1.66B · operating cash flow $1.87B (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$1.66B

Margin 12.3%

Operating cash flow (TTM)

$1.87B

FCF margin

12.3%

Cash flow statement — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Operating cash flow	1.3	0.8	0.6	1.1	1.3	1.8
Capital expenditure	-0.1	-0.2	-0.2	-0.2	-0.2	-0.2
Free cash flow	1.2	0.6	0.4	0.9	1.1	1.6
FCF margin	12.1%	5.8%	4.0%	8.4%	9.4%	12.5%

Balance sheetAssets $36.3B · debt n/a (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $36.3B of assets is financed

84%

16%

Liabilities $30.4B — borrowed moneyEquity $5.87B — owners' stake

Altman Z-Score

0.46

Distress zone

Debt repayment

0.3 yrs

Years of free cash flow to clear net debt

Interest coverage

10.9x

EBIT ÷ interest expense

ROE

18.0%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2020	2021	2022	2023	2024	2025
Cash & equivalents	2.6	2.3	1.7	1.9	2.1	2.2
Total assets	44.6	33.9	33.1	33.6	35.0	36.3
Total liabilities	38.7	28.4	28.9	28.8	29.9	30.4
Total debt	—	—	—	—	—	—
Equity	6.0	5.5	4.2	4.8	5.1	5.9
Net debt	—	—	—	—	—	—

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Deeper analysis of AIZ on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $266.49 · market cap $13.1B.