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AIZ

128.48USD+0.47(+0.37%)Market Closed

Assurant Inc

Market Summary

USD128.48+0.47Market Closed
0.37%

AIZ Alerts

AIZ Stock Price

RSI Chart

Valuation

Market Cap

7.2B

Price/Earnings

5.95

Price/Sales

0.7

Price/Cashflow

-95.05

MarketCap/EBT

12.07

Price/Sales

Profitability

EBT Margin

5.82%

Return on Equity

26.99%

Return on Assets

3.79%

Fundamentals

Revenue

Revenue (TTM)

10.2B

Revenue Y/Y

-1.28%

Revenue Q/Q

1.09%

Earnings

Earnings (TTM)

1.2B

Earnings Y/Y

-74.64%

Earnings Q/Q

-64.12%

Price Action

52 Week Range

118.35191.53
(Low)(High)

Last 7 days

0.0%

Last 30 days

-1.4%

Last 90 days

-18.7%

Trailing 12 Months

-14.5%

Financial Health

Investor Care

Dividend Yield

2%

Dividend/Share (TTM)

2.7

Buy Backs (1Y)

9.53%

Diluted EPS (TTM)

20.51

Peers (Alternatives to Assurant)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
75.8B
49.3B
3.74% 40.21%
88.97
1.57
5.65% -78.95%
58.3B
68.3B
5.25% 33.46%
16.25
0.85
-1.74% -22.45%
42.6B
36.3B
3.97% 29.03%
12.71
1.18
6.01% -7.78%
40.9B
21.3B
9.11% 34.34%
9.42
1.92
-7.24% -25.13%
21.9B
18.5B
6.21% 34.04%
5.14
1.27
32.46% 209.27%
MID-CAP
10.0B
16.2B
1.32% 47.37%
37
0.61
-1.22% -3.04%
9.2B
12.0B
-4.52% 93.47%
8.29
0.77
-10.10% 49.31%
7.2B
10.2B
-1.40% -14.51%
5.95
0.7
3.01% 154.43%
2.5B
3.7B
8.44% 1.87%
5.43
0.67
-10.81% 7.37%
2.4B
7.6B
8.21% 29.47%
2.94
0.31
-11.94% -27.43%
2.2B
298.6M
-27.74% -14.00%
46.77
7.21
53.72% 302.27%
2.0B
853.5M
21.62% -54.64%
-56.18
2.55
31.86% -32.63%
SMALL-CAP
1.6B
1.4B
-3.70% 2.77%
27.25
1.18
1.22% -62.42%
935.9M
795.3M
1.84% -4.37%
-12.94
1.19
4.68% 58.15%

Financials for Assurant

Income Statement (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Revenue-0.3%10,20510,23810,18810,1689,907
  S&GA Expenses32.5%4,2953,2414,0053,874
Earnings Before Taxes-21.9%594761783805726
Net Income-11.3%1,2041,3571,3751,386473
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Assets-3.9%31,72933,02333,91233,62545,995
    Cash Equivalents-5.5%1,1821,2512,0412,0282,746
  Net PPE4.0%609585561529495
  Goodwill-0.4%2,5582,5692,5722,5802,589
Liabilities-2.6%27,26928,00228,45727,88040,086
Shareholder's Equity-11.2%4,4605,0215,4645,7445,908
  Retained Earnings-5.1%3,7743,9774,0414,2193,640
  Additional Paid-In Capital-1.3%1,6301,6521,6951,7311,786
Shares Outstanding-2.3%5355565859
Minority InterestNaN%-----
Float-9,220----
* denotes actual numbers (not divided by Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q22022Q12021Q42021Q32021Q2
Cashflow From Operations-110.8%-75.406997829671,579
  Share Based Compensation-0.5%6666676562
Cashflow From Investing78.2%231130158-423.30-669.70
Cashflow From Financing-39.5%-1,693.90-1,214.30-1,089.80-725.40-297.60
  Dividend Payments-2.0%154157158158157
  Buy Backs5.4%1,0831,027839687434

Risks

What is the probability of a big loss on AIZ?

39.6%


Probability that Assurant stock will be more than 20% underwater in next one year

20.4%


Probability that Assurant stock will be more than 30% underwater in next one year.

0%


Probability that Assurant stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does AIZ drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Assurant was unfortunately bought at previous high price.

Returns

Cumulative Returns on AIZ

16.3%


10-Year Cumulative Returns

8.1%


7-Year Cumulative Returns

7.3%


5-Year Cumulative Returns

1.9%


3-Year Cumulative Returns

What are the long-term rolling returns for AIZ?

FIve years rolling returns for Assurant.

Which funds bought or sold AIZ recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2022-11-23
Invst, LLC
ADDED
9.57
4,000
385,000
0.07%
2022-11-23
Toroso Investments, LLC
ADDED
1.83
-48,000
283,000
0.01%
2022-11-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
NEW
-
783,000
783,000
0.01%
2022-11-21
Ninepoint Partners LP
SOLD OFF
-100
-415,000
-
-%
2022-11-21
DEARBORN PARTNERS LLC
UNCHANGED
-
-50,000
266,000
0.01%
2022-11-21
CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM
REDUCED
-2.7
-2,932,000
13,154,000
0.02%
2022-11-17
CENTRAL TRUST Co
UNCHANGED
-
-6,000
29,000
-%
2022-11-16
GLENMEDE TRUST CO NA
NEW
-
300,000
300,000
-%
2022-11-16
Kentucky Retirement Systems Insurance Trust Fund
ADDED
3.19
-42,000
277,000
0.03%
2022-11-16
CAPTRUST FINANCIAL ADVISORS
ADDED
96.85
180,000
454,000
-%

1–10 of 45

Latest Funds Activity

Are funds buying AIZ calls or puts?
Are funds bullish or bearish(Calls - Puts)?
No. of funds that own AIZ

Assurant News

Nasdaq

Why Is Assurant (AIZ) Down 2.1% Since Last Earnings Report?.3 days ago

AIZ Fair Value

Recent SEC filings of Assurant

View All Filings
Date Filed Form Type Document
Nov 18, 2022
4
Insider Trading
Nov 18, 2022
4
Insider Trading
Nov 18, 2022
4
Insider Trading
Nov 18, 2022
4
Insider Trading
Nov 14, 2022
8-K
Current Report
Nov 03, 2022
10-Q
Quarterly Report
Nov 01, 2022
8-K
Current Report
Oct 25, 2022
8-K
Current Report
Oct 11, 2022
SC 13G
Major Ownership Report
Oct 04, 2022
4
Insider Trading

Latest Insider Trading transactions for AIZ

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2022-11-16
Demmings Keith
SOLD FOR TAXES
-204,234
125.76
-1,624
President and CEO
2022-11-16
Lonergan Robert
SOLD FOR TAXES
-170,153
125.76
-1,353
EVP
2022-11-16
Luthi Francesca
SOLD FOR TAXES
-167,135
125.76
-1,329
EVP, CAO
2022-11-16
DiRienzo Dimitry
SOLD FOR TAXES
-11,192.6
125.76
-89
SVP, CAO, Controller
2022-07-15
Rosenblum Jay
SOLD (Taxes)
-44,557
166.88
-267
EVP and CLO
2022-07-15
Luthi Francesca
SOLD (Taxes)
-73,927.8
166.88
-443
EVP, CAO
2022-07-01
Rosenblum Jay
SOLD (Taxes)
-17,500
175
-100
EVP and CLO
2022-07-01
MEIER KEITH
SOLD (Taxes)
-29,750
175
-170
EVP, COO
2022-05-18
Demmings Keith
SOLD (Taxes)
-61,660.5
186.85
-330
President and CEO
2022-05-13
ROSEN ELAINE
ACQUIRED
-
-
881
-

1–10 of 50

Keith W. Demmings
15600
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 two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service products and related services for mobile devices, consumer electronics, and appliances; vehicle protection and related services; and credit protection and other insurance products. The Global Housing segment provides lender-placed homeowners insurance, manufactured housing, and flood insurance; and renters insurance and related products, as well as voluntary manufactured housing insurance, voluntary homeowners insurance, and other specialty 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.

AIZ Income Statement

2022-09-30
Consolidated Statements of Operations (unaudited) - USD ($)
$ in Millions
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues    
Net earned premiums$ 2,197.1$ 2,140.1$ 6,502.4$ 6,396.3
Fees and other income294.6309.6942.2858.0
Net investment income83.576.0261.8235.2
Net realized (losses) gains on investments (including $—, $—, $(2.1) and $0.2 of impairment-related (losses) gains for the three and nine months ended September 30, 2022 and 2021, respectively) and fair value changes to equity securities(27.4)112.1(166.2)123.2
Total revenues2,547.82,637.87,540.27,612.7
Benefits, losses and expenses    
Policyholder benefits670.5617.41,760.51,684.2
Underwriting, selling, general and administrative expenses1,842.51,784.05,444.85,210.4
Interest expense26.327.580.484.7
Loss on extinguishment of debt0.020.70.920.7
Total benefits, losses and expenses2,539.32,449.67,286.67,000.0
Income from continuing operations before income tax expense8.5188.2253.6612.7
Income tax expense1.237.245.1133.8
Net income from continuing operations attributable to stockholders7.3151.0208.5478.9
Net income from discontinued operations (Note 4)0.0728.80.0762.0
Net income attributable to stockholders7.3879.8208.51,240.9
Less: Preferred stock dividends0.00.00.0(4.7)
Net income (loss) attributable to common stockholders, basic7.3879.8208.51,236.2
Net income (loss) attributable to common stockholders, diluted$ 7.3$ 879.8$ 208.5$ 1,236.2
Basic    
Net income from continuing operations (in dollars per share)$ 0.14$ 2.56$ 3.81$ 7.94
Net income (loss) from discontinued operations (in dollars per share)012.32012.74
Net income (loss) attributable to common stockholders (in dollars per share)0.1414.883.8120.68
Diluted    
Net income from continuing operations (in dollars per share)0.142.543.787.87
Net income (loss) from discontinued operations (in dollars per share)012.25012.52
Net income (loss) attributable to common stockholders (in dollars per share)$ 0.14$ 14.79$ 3.78$ 20.39
Share Data    
Weighted average common shares outstanding used in basic per common share calculations (in shares)53,717,37359,126,31354,693,79959,769,690
Plus: Dilutive securities (in shares)349,232353,151431,0511,085,631
Weighted average common shares outstanding used in diluted per common share calculations (in shares)54,066,60559,479,46455,124,85060,855,321

AIZ Balance Sheet

2022-09-30
Consolidated Balance Sheets (unaudited) - USD ($)
$ in Millions
Sep. 30, 2022
Dec. 31, 2021
Investments:  
Fixed maturity securities available for sale, at fair value (amortized cost - $6,863.6 and $6,903.9 at September 30, 2022 and December 31, 2021, respectively)$ 6,137.9$ 7,215.3
Equity securities at fair value302.6445.7
Commercial mortgage loans on real estate, at amortized cost (net of allowances for credit losses of $1.1 at September 30, 2022 and December 31, 2021)304.4256.5
Short-term investments266.8247.8
Other investments504.4506.3
Total investments7,516.18,671.6
Cash and cash equivalents1,429.82,040.8
Premiums and accounts receivable (net of allowances for credit losses of $11.5 and $9.4 at September 30, 2022 and December 31, 2021, respectively)2,288.91,942.5
Reinsurance recoverables (net of allowances for credit losses of $5.7 and $5.0 at September 30, 2022 and December 31, 2021, respectively)7,561.86,181.2
Accrued investment income85.162.1
Deferred acquisition costs9,577.88,811.0
Property and equipment, net617.6561.4
Goodwill2,547.42,571.6
Value of business acquired323.5583.4
Other intangible assets, net631.0719.2
Other assets (net of allowances for credit losses of $2.0 and $2.5 at September 30, 2022 and December 31, 2021, respectively)666.7698.9
Assets held for sale (Note 4)0.01,076.9
Total assets33,245.733,920.6
Liabilities  
Future policy benefits and expenses406.7413.2
Unearned premiums19,554.918,623.7
Claims and benefits payable3,022.41,604.8
Commissions payable670.9692.7
Reinsurance balances payable520.9446.2
Funds held under reinsurance374.5364.2
Accounts payable and other liabilities2,467.23,044.4
Debt2,129.32,202.5
Liabilities held for sale (Note 4)0.01,064.8
Total liabilities29,146.828,456.5
Commitments and contingencies (Note 16)
Stockholders’ equity  
Common stock, par value $0.01 per share, 800,000,000 shares authorized, 55,187,797 and 58,050,202 shares issued and 52,891,708 and 55,754,113 shares outstanding at September 30, 2022 and December 31, 2021, respectively0.60.7
Additional paid-in capital1,627.11,695.0
Retained earnings3,678.94,041.2
Accumulated other comprehensive loss(1,084.9)(150.0)
Treasury stock, at cost; 2,296,089 shares at September 30, 2022 and December 31, 2021(122.8)(122.8)
Total equity4,098.95,464.1
Total liabilities and equity$ 33,245.7$ 33,920.6