Assurant (AIZ)
Financials · $13.6B market cap · SEC CIK 0001267238
fundamentals score out of 100
Next reports on Nov 2, 2026, with analysts expecting $4.57 in earnings per share.
The case for AIZ
- Cheap on earnings at 12.8×, well under the market's usual 20×.
- Revenue growing 9.4% year over year.
- Earnings per share up 53.4%.
- A PEG of 0.24: a P/E of 12.8× is low for EPS growing 53%.
- Return on equity of 18%.
- Moves less than the market (beta 0.54).
The case against
- Net margin of 8% is thinner than 90% of Financials companies.
- Its weakest area is profitability (37/100): return on equity 18%, net margin 7.9%.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Financials companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 73 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 56 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 37 |
| Momentumhow the price has behaved lately | 70 |
| Stabilityhow violently it moves, what it owes and what it pays you | 74 |
- Its debt and cash flow are not scored, as for every company in the Financials sector: for banks, insurers and brokers, borrowing is the business.
- Each factor except momentum is half fixed thresholds, half rank among the 74 Financials companies.
Key numbers
| Price / earnings | 12.8× |
|---|---|
| Price / book | 2.18× |
| Price / sales | 1.0× |
| Revenue growth (YoY) | +9.4% |
| EPS growth (YoY) | +53.4% |
| Gross margin | — |
| Operating margin | 11% |
| Net margin | 8% |
| Return on equity | 18% |
| Debt / equity | 0.36× |
| Current ratio | 0.00 |
| Dividend yield | 1.74% |
| Beta | 0.54 |
| 52-week range | $206.03 – $303.94 |
| Position in that range | 66% of the way up |
| 3-month return | +6.7% |
| 1-year return | +32.3% |
Five years of financials, as filed
Pulled from Assurant's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $12.8B | $11.9B | $11.1B | $10.2B | $10.2B |
| Net income | $873M | $760M | $643M | $277M | $1.4B |
| Operating cash flow | $1.8B | $1.3B | $1.1B | $597M | $782M |
| Capital expenditure | $236M | $221M | $203M | $186M | $187M |
| Total assets | $36.3B | $35.0B | $33.6B | $33.1B | $33.9B |
| Total liabilities | $30.4B | $29.9B | $28.8B | $28.9B | $28.5B |
| Shareholder equity | $5.9B | $5.1B | $4.8B | $4.2B | $5.5B |
| Cash | $1.8B | $1.8B | $1.6B | $1.5B | $2.0B |
| Free cash flow | $1.6B | $1.1B | $936M | $411M | $594M |
| Net margin | 6.8% | 6.4% | 5.8% | 2.7% | 13.4% |
| Diluted shares | 51.1M | 52.1M | 53.2M | 54.8M | 60.1M |
Share count is down 15.0% over 4 years. Buybacks have been shrinking the pie.
What Assurant says it does
Assurant, Inc. was incorporated as a Delaware corporation in 2004. We are a premier global protection company that partners with the world’s leading brands to safeguard and service connected devices, homes and automobiles. We leverage data-driven technology solutions to provide exceptional customer experiences. We operate in North America, Latin America, Europe and Asia Pacific through two operating segments: Global Lifestyle and Global Housing. Through our Global Lifestyle segment, we provide mobile device solutions, extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products (referred to as "Connected Living"); and vehicle protection services, commercial equipment protection and other related services (referred to as "Global Automotive"). Through our Global Housing segment, we provide lender-placed homeowners, manufactured housing and flood insurance, as well as…
Risk factors AIZ lists in its 10-K
- Business, Strategic and Operational Risks
- Macroeconomic, Political and Global Market Risks
- Technology, Cybersecurity and Privacy Risks
- Significant competitive pressures, changes in customer preferences and disruption could adversely affect our results of operations
- The success of our business depends on the execution of our strategy, including through organic growth and the continuing service of key executives, senior leaders, highly-skilled personnel and a high-performing workforce
- Our inability to successfully recover should we experience a business continuity event could have a material adverse effect on our business, financial condition and results of operations
- The failure to effectively maintain and modernize our technology systems and infrastructure and integrate those of acquired businesses could adversely affect our business
- Failure to successfully manage vendors and other third parties could adversely affect our business
- We face risks associated with our international operations
- Our mobile business is subject to the risk of declines in the value and availability of mobile devices, and to regulatory compliance and other risks,
- General economic, financial market and political conditions and conditions in the markets in which we operate may materially adversely affect our results of operations and financial condition,"
- Our business is subject to risks related to litigation and regulatory actions
- The costs of complying with, or our failure to comply with, U.S. and foreign laws related to privacy, data security and data protection could adversely affect our financial condition, operating results and reputation
- We face risks associated with our international operations