Last 7 days
-0.2%
Last 30 days
0.0%
Last 90 days
7.2%
Trailing 12 Months
-8.2%
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-08-14 | DZIADZIO RICHARD S | sold | -572,778 | 143 | -4,000 | evp and cfo |
2023-08-07 | Luthi Francesca | sold | -529,081 | 142 | -3,700 | evp, cao |
2023-08-04 | Lonergan Robert | sold | -433,303 | 144 | -3,000 | evp |
2023-07-15 | Rosenblum Jay | sold (taxes) | -100,768 | 125 | -800 | evp and clo |
2023-07-15 | Luthi Francesca | sold (taxes) | -166,267 | 125 | -1,320 | evp, cao |
2023-06-22 | DZIADZIO RICHARD S | sold | -524,286 | 131 | -4,000 | evp and cfo |
2023-05-26 | DiRienzo Dimitry | sold | -99,196 | 123 | -800 | svp, cao, controller |
2023-05-18 | Demmings Keith | sold (taxes) | -43,490 | 131 | -330 | president and ceo |
2023-05-12 | Alves Paget Leonard | acquired | - | - | 1,235 | - |
2023-05-12 | Carter J Braxton II | acquired | - | - | 1,235 | - |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-12 | Farther Finance Advisors, LLC | reduced | -21.57 | -1,095 | 5,029 | -% |
2023-08-25 | Yarbrough Capital, LLC | unchanged | - | 23,860 | 530,916 | 0.03% |
2023-08-22 | Old North State Trust, LLC | sold off | -100 | -27,000 | - | -% |
2023-08-22 | COMERICA BANK | new | - | 1,000 | 1,000 | -% |
2023-08-22 | COMERICA BANK | new | - | - | - | -% |
2023-08-22 | US Asset Management LLC | unchanged | - | 23,000 | 512,000 | 0.54% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -11.38 | -47,000 | 600,000 | 0.01% |
2023-08-21 | OSAIC HOLDINGS, INC. | added | 387 | 619,665 | 770,498 | -% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -3.84 | 75,158 | 11,108,900 | 0.02% |
2023-08-17 | Orion Portfolio Solutions, LLC | reduced | -1.12 | 24,739 | 724,147 | 0.01% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 14, 2023 | t. rowe price investment management, inc. | 10.8% | 5,694,084 | SC 13G/A | |
Feb 09, 2023 | fmr llc | - | 0 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 13.34% | 7,048,915 | SC 13G/A | |
Feb 08, 2023 | state street corp | 5.39% | 2,848,731 | SC 13G/A | |
Jan 26, 2023 | blackrock inc. | 10.7% | 5,662,762 | SC 13G/A | |
Jan 20, 2023 | blackrock inc. | 10.7% | 5,662,762 | SC 13G/A | |
Sep 08, 2022 | blackrock inc. | 10.1% | 5,386,534 | SC 13G | |
Feb 14, 2022 | price t rowe associates inc /md/ | 10.7% | 6,144,501 | SC 13G/A | |
Feb 10, 2022 | state street corp | 5.44% | 3,100,539 | SC 13G/A | |
Feb 09, 2022 | vanguard group inc | 12.05% | 6,864,464 | SC 13G/A |
Date Filed | Form Type | Document | |
---|---|---|---|
Aug 15, 2023 | 4 | Insider Trading | |
Aug 14, 2023 | 144 | Notice of Insider Sale Intent | |
Aug 08, 2023 | 4 | Insider Trading | |
Aug 08, 2023 | 4 | Insider Trading | |
Aug 07, 2023 | 144 | Notice of Insider Sale Intent | |
Aug 04, 2023 | 144 | Notice of Insider Sale Intent | |
Aug 03, 2023 | 10-Q | Quarterly Report | |
Aug 01, 2023 | 8-K | Current Report | |
Jul 18, 2023 | 4 | Insider Trading | |
Jul 18, 2023 | 4 | Insider Trading |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PGR | 83.3B | 55.3B | 6.38% | 11.93% | 47.79 | 1.51 | 11.39% | 104.72% |
MET | 50.2B | 70.6B | 6.59% | 0.80% | 22.58 | 0.71 | 4.01% | -58.32% |
AFL | 46.5B | 18.8B | 3.95% | 29.68% | 10.1 | 2.47 | -11.15% | 5.38% |
TRV | 38.3B | 38.7B | 2.91% | 2.81% | 17.13 | 0.99 | 8.33% | -37.32% |
PFG | 18.7B | 14.1B | 1.06% | -0.19% | 11.51 | 1.33 | -18.38% | -62.12% |
MID-CAP | ||||||||
UNM | 9.2B | 12.1B | 0.74% | 21.07% | 6.51 | 0.77 | 1.23% | 31.52% |
AIZ | 7.5B | 10.6B | 0.01% | -8.21% | 21.6 | 0.71 | 3.62% | -71.27% |
GNW | 2.8B | 7.5B | 3.28% | 52.94% | 5.19 | 0.37 | -1.40% | -38.58% |
CNO | 2.7B | 3.9B | 2.49% | 21.99% | 12.28 | 0.7 | 4.46% | -65.00% |
TRUP | 1.2B | 1.0B | 2.23% | -55.11% | -20.07 | 1.21 | 25.60% | -67.04% |
RGA | - | 16.8B | 7.35% | 14.05% | - | - | 3.86% | 92.43% |
SMALL-CAP | ||||||||
PLMR | 1.3B | 348.9M | 2.75% | -38.18% | 23 | 3.82 | 16.85% | 25.90% |
HMN | 1.2B | 1.4B | 1.93% | -21.70% | -111.09 | 0.86 | 3.44% | -114.81% |
JRVR | 562.0M | 901.0M | -2.03% | -39.05% | 12.11 | 0.62 | 14.76% | 164.17% |
12.3%
8.8%
7.8%
7.1%
55.8%
35.8%
4.2%
Y-axis is the maximum loss one would have experienced if Assurant was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | 2.1% | 10,575 | 10,353 | 10,193 | 10,115 | 10,205 | 10,238 | 10,188 | 10,031 | 9,770 | 9,579 | 9,596 | 9,784 | 9,906 | 10,100 | 10,087 | 9,797 | 9,568 | 8,855 | 8,058 | 7,417 | 6,733 |
S&GA Expenses | - | - | - | - | - | - | 3,307 | 3,246 | 4,005 | 3,860 | 3,838 | 3,048 | 3,089 | 3,181 | 3,279 | 3,187 | 3,139 | 3,111 | 3,061 | 2,980 | 2,975 | 2,906 |
EBITDA | -100.0% | - | 613 | 640 | 706 | 886 | 1,049 | 1,066 | 1,081 | 999 | 974 | 879 | 874 | 731 | 685 | 791 | - | - | - | - | - | - |
EBITDA Margin | -100.0% | - | 0.06* | 0.06* | 0.07* | 0.10* | 0.10* | 0.10* | 0.11* | 0.10* | 0.10* | 0.09* | 0.09* | 0.07* | 0.07* | 0.08* | - | - | - | - | - | - |
Interest Expenses | 0% | 108 | 108 | 108 | 108 | 109 | 110 | 112 | 112 | 110 | 107 | 105 | 103 | 110 | 110 | 111 | 112 | 106 | 105 | 100 | 86.00 | 72.00 |
Earnings Before Taxes | 41.8% | 456 | 322 | 350 | 412 | 592 | 762 | 771 | 772 | 696 | 666 | 581 | 601 | 464 | 438 | 555 | 419 | 519 | 414 | 334 | 449 | 266 |
EBT Margin | -100.0% | - | 0.03* | 0.03* | 0.04* | 0.07* | 0.07* | 0.08* | 0.08* | 0.07* | 0.07* | 0.06* | 0.06* | 0.05* | 0.04* | 0.05* | - | - | - | - | - | - |
Net Income | 43.2% | 345 | 241 | 277 | 329 | 1,202 | 1,356 | 1,357 | 1,371 | 456 | 424 | 423 | 412 | 387 | 353 | 364 | 261 | 369 | 292 | 237 | 529 | 424 |
Net Income Margin | -100.0% | - | 0.02* | 0.03* | 0.03* | 0.14* | 0.13* | 0.13* | 0.14* | 0.05* | 0.05* | 0.04* | 0.04* | 0.04* | 0.04* | 0.04* | - | - | - | - | - | - |
Free Cashflow | -100.0% | - | 1,164 | 411 | 385 | -264 | 510 | 594 | 796 | 1,419 | 908 | 1,221 | 1,026 | 881 | 944 | 1,303 | - | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | 0.6% | 33,105 | 32,915 | 33,117 | 33,246 | 31,729 | 33,023 | 33,921 | 33,625 | 45,995 | 44,411 | 44,650 | 43,583 | 44,233 | 43,423 | 44,291 | 43,752 | 43,140 | 42,237 | 41,089 | 43,443 | 42,361 |
Cash Equivalents | -8.1% | 1,402 | 1,526 | 1,537 | 1,430 | 1,182 | 1,251 | 2,055 | 2,028 | 2,746 | 1,651 | 2,208 | 2,189 | 2,108 | 1,996 | 1,858 | 1,749 | 1,490 | 1,274 | 1,254 | 1,307 | 1,254 |
Net PPE | -4.2% | 643 | 671 | 645 | 618 | 609 | 585 | 561 | 529 | 495 | 469 | 446 | 468 | 450 | 438 | 434 | 419 | 419 | 410 | 393 | 382 | 371 |
Goodwill | 0.1% | 2,606 | 2,604 | 2,603 | 2,547 | 2,558 | 2,569 | 2,572 | 2,580 | 2,589 | 2,586 | 2,589 | 2,326 | 2,441 | 2,336 | 2,205 | 2,331 | 2,338 | 2,331 | 2,322 | 2,313 | 2,369 |
Liabilities | 0.4% | 28,619 | 28,519 | 28,889 | 29,147 | 27,269 | 28,002 | 28,457 | 27,880 | 40,086 | 38,585 | 38,695 | 37,643 | 38,249 | 38,037 | 38,609 | 38,061 | 37,379 | 36,765 | 35,955 | 38,203 | 37,028 |
Shareholder's Equity | 2.0% | 4,486 | 4,396 | 4,229 | 4,099 | 4,460 | 4,999 | 5,464 | 5,721 | 5,888 | 5,803 | 5,940 | 5,940 | 5,985 | 5,386 | 5,668 | 5,690 | 5,760 | 5,472 | 5,134 | 5,240 | 5,333 |
Retained Earnings | 2.7% | 3,877 | 3,776 | 3,699 | 3,679 | 3,774 | 3,977 | 4,041 | 4,219 | 3,640 | 3,636 | 3,549 | 6,126 | 6,194 | 6,061 | 5,966 | 5,883 | 5,981 | 5,880 | 5,760 | 5,777 | 5,846 |
Additional Paid-In Capital | 0.7% | 1,654 | 1,642 | 1,638 | 1,627 | 1,630 | 1,652 | 1,695 | 1,731 | 1,786 | 1,804 | 1,957 | 4,568 | 4,550 | 4,541 | 4,538 | 4,525 | 4,509 | 4,496 | 4,496 | 4,479 | 4,460 |
Shares Outstanding | -0.2% | 53.00 | 53.00 | 53.00 | 53.00 | 55.00 | 56.00 | 56.00 | 59.00 | 61.00 | 59.00 | 58.00 | 60.00 | 60.00 | 61.00 | 60.00 | 62.00 | 62.00 | 63.00 | 62.00 | 64.00 | 57.00 |
Minority Interest | - | - | - | - | - | - | - | - | - | - | 3.00 | 3.00 | 4.00 | 17.00 | 16.00 | 29.00 | 32.00 | 30.00 | 31.00 | 22.00 | 20.00 | 20.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | 0.9% | 1,370 | 1,358 | 597 | 575 | -75.40 | 699 | 782 | 967 | 1,579 | 1,047 | 1,342 | 1,147 | 980 | 1,043 | 1,413 | 1,370 | 1,210 | 979 | 657 | 619 | 703 |
Share Based Compensation | 0.5% | 63.00 | 63.00 | 63.00 | 65.00 | 66.00 | 66.00 | 67.00 | 65.00 | 62.00 | 60.00 | 58.00 | 57.00 | 57.00 | 56.00 | 56.00 | 59.00 | 61.00 | 59.00 | 57.00 | 52.00 | 43.00 |
Cashflow From Investing | -78.4% | -852 | -478 | -262 | -14.00 | 231 | 130 | 158 | -423 | -669 | -902 | -735 | -281 | -42.40 | 9.00 | -619 | -911 | -1,297 | -2,728 | -2,202 | -2,203 | -2,059 |
Cashflow From Financing | 49.7% | -293 | -583 | -818 | -1,099 | -1,693 | -1,214 | -1,089 | -725 | -297 | -509 | -264 | -425 | -285 | -308 | -179 | -2.50 | 312 | 715 | 1,838 | 1,933 | 1,810 |
Dividend Payments | 0.7% | 151 | 150 | 150 | 152 | 154 | 157 | 158 | 158 | 157 | 155 | 155 | 154 | 153 | 152 | 151 | 151 | 149 | 142 | 134 | 126 | 120 |
Buy Backs | -63.8% | 124 | 343 | 573 | 853 | 1,083 | 1,027 | 839 | 687 | 434 | 282 | 297 | 262 | 260 | 278 | 272 | 216 | 231 | 182 | 139 | 219 | 177 |
Consolidated Statements of Operations (unaudited) - USD ($) $ in Millions | 3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Revenues | ||||
Net earned premiums | $ 2,343.0 | $ 2,168.9 | $ 4,608.5 | $ 4,305.3 |
Fees and other income | 295.7 | 325.2 | 578.4 | 647.6 |
Net investment income | 112.9 | 92.0 | 218.1 | 178.3 |
Net realized losses on investments (including $3.1, $1.6, $5.6, and $2.1 of impairment-related losses for the three and six months ended June 30, 2023 and 2022, respectively) and fair value changes to equity securities | (20.0) | (76.4) | (30.6) | (138.8) |
Total revenues | 2,731.6 | 2,509.7 | 5,374.4 | 4,992.4 |
Benefits, losses and expenses | ||||
Policyholder benefits | 632.5 | 600.0 | 1,278.1 | 1,090.0 |
Underwriting, selling, general and administrative expenses | 1,867.6 | 1,811.7 | 3,690.8 | 3,602.3 |
Interest expense | 27.2 | 27.2 | 54.2 | 54.1 |
(Gain) loss on extinguishment of debt | 0.0 | 0.9 | (0.1) | 0.9 |
Total benefits, losses and expenses | 2,527.3 | 2,439.8 | 5,023.0 | 4,747.3 |
Income before income tax expense | 204.3 | 69.9 | 351.4 | 245.1 |
Income tax expense | 48.0 | 17.7 | 81.5 | 43.9 |
Net income | $ 156.3 | $ 52.2 | $ 269.9 | $ 201.2 |
Earnings Per Common Share | ||||
Basic (in dollars per share) | $ 2.91 | $ 0.96 | $ 5.03 | $ 3.65 |
Diluted (in dollars per share) | $ 2.90 | $ 0.95 | $ 5.01 | $ 3.61 |
Share Data | ||||
Weighted average common shares outstanding used in basic per common share calculations (in shares) | 53,745,611 | 54,607,321 | 53,619,711 | 55,190,104 |
Plus: Dilutive securities (in shares) | 144,071 | 407,626 | 223,324 | 473,842 |
Weighted average common shares outstanding used in diluted per common share calculations (in shares) | 53,889,682 | 55,014,947 | 53,843,035 | 55,663,946 |
Consolidated Balance Sheets (unaudited) - USD ($) $ in Millions | Jun. 30, 2023 | Dec. 31, 2022 | ||
---|---|---|---|---|
Investments: | ||||
Fixed maturity securities available for sale, at fair value (amortized cost - $7,210.8 and $6,920.8 at June 30, 2023 and December 31, 2022, respectively) | $ 6,617.8 | $ 6,283.7 | ||
Equity securities at fair value | 259.6 | 281.3 | ||
Commercial mortgage loans on real estate, at amortized cost (net of allowances for credit losses of $3.1 and $1.8 at June 30, 2023 and December 31, 2022) | 302.7 | 295.6 | ||
Short-term investments | 279.7 | 155.5 | ||
Other investments | 528.8 | 508.4 | ||
Total investments | 7,988.6 | 7,524.5 | ||
Cash and cash equivalents | 1,401.7 | 1,536.7 | ||
Premiums and accounts receivable (net of allowances for credit losses of $8.6 and $9.2 at June 30, 2023 and December 31, 2022, respectively) | 2,342.3 | 2,406.4 | ||
Reinsurance recoverables (net of allowances for credit losses of $4.8 and $5.4 at June 30, 2023 and December 31, 2022, respectively) | 6,636.6 | 6,999.4 | ||
Accrued investment income | 90.7 | 85.1 | ||
Deferred acquisition costs | 9,818.5 | 9,677.1 | ||
Property and equipment, net | 642.7 | 645.1 | ||
Goodwill | 2,606.3 | 2,603.0 | ||
Value of business acquired | 166.4 | 262.8 | ||
Other intangible assets, net | 608.4 | 638.9 | ||
Other assets (net of allowances for credit losses of $1.2 and $1.7 at June 30, 2023 and December 31, 2022, respectively) (1) | [1] | 802.5 | 738.3 | |
Total assets | 33,104.7 | 33,117.3 | ||
Liabilities | ||||
Future policy benefits and expenses | 523.4 | 507.9 | ||
Unearned premiums | 19,931.3 | 19,802.4 | ||
Claims and benefits payable | 2,020.3 | 2,210.0 | ||
Commissions payable | 626.7 | 647.5 | ||
Reinsurance balances payable | 482.6 | 492.8 | ||
Funds held under reinsurance | 376.2 | 366.6 | ||
Accounts payable and other liabilities (including allowances for credit losses of $10.5 and $10.3 at June 30, 2023 and December 31, 2022, respectively, for the unsecured portion of the high deductible recoverables) | 2,528.8 | 2,731.5 | ||
Debt | 2,129.4 | 2,129.9 | ||
Total liabilities | 28,618.7 | 28,888.6 | ||
Commitments and contingencies (Note 15) | ||||
Stockholders’ equity | ||||
Common stock, par value $0.01 per share, 800,000,000 shares authorized, 55,304,730 and 55,126,470 shares issued and 53,008,641 and 52,830,381 shares outstanding at June 30, 2023 and December 31, 2022, respectively | 0.6 | 0.6 | ||
Additional paid-in capital | 1,653.7 | 1,637.8 | ||
Retained earnings | 3,877.2 | 3,699.3 | ||
Accumulated other comprehensive loss | (922.7) | (986.2) | ||
Treasury stock, at cost; 2,296,089 shares at June 30, 2023 and December 31, 2022 | (122.8) | (122.8) | ||
Total equity | 4,486.0 | 4,228.7 | ||
Total liabilities and equity | $ 33,104.7 | $ 33,117.3 | ||
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