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Assurant Inc Stock Research

AIZ

114.36USD+1.59(+1.41%)Market Closed

Market Summary

USD114.36+1.59
Market Closed
1.41%

AIZ Alerts

AIZ Stock Price

AIZ RSI Chart

AIZ Valuation

Market Cap

6.0B

Price/Earnings (Trailing)

21.54

Price/Sales (Trailing)

0.58

EV/EBITDA

6.91

Price/Free Cashflow

14.51

AIZ Price/Sales (Trailing)

AIZ Profitability

EBT Margin

3.43%

Return on Equity

6.54%

Return on Assets

0.84%

Free Cashflow Yield

6.89%

AIZ Fundamentals

AIZ Revenue

Revenue (TTM)

10.2B

Revenue Y/Y

3.03%

Revenue Q/Q

4.12%

AIZ Earnings

Earnings (TTM)

276.6M

Earnings Y/Y

-43.67%

Earnings Q/Q

832.88%

Price Action

52 Week Range

104.49190.49
(Low)(High)

Last 7 days

1.6%

Last 30 days

-13.1%

Last 90 days

-9.8%

Trailing 12 Months

-37.5%

AIZ Financial Health

AIZ Investor Care

Dividend Yield

2.43%

Dividend/Share (TTM)

2.74

Buy Backs (1Y)

5.24%

Diluted EPS (TTM)

5.01

Peers (Alternatives to Assurant)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
82.1B
49.6B
-1.45% 23.08%
113.76
1.65
4.00% -78.47%
42.3B
69.9B
-23.30% -20.83%
16.68
0.61
-1.66% -61.26%
39.6B
19.5B
-8.02% -0.58%
9.42
2.03
-11.78% -2.87%
38.3B
36.9B
-11.40% -9.04%
13.47
1.04
5.94% -22.39%
17.4B
17.5B
-18.79% 0.52%
3.62
1
22.64% 181.28%
MID-CAP
10.0B
16.3B
-13.53% 18.41%
37
0.61
-2.40% 0.97%
7.6B
12.0B
-9.63% 24.94%
5.75
0.63
-0.19% 59.45%
6.0B
10.2B
-13.09% -37.50%
21.54
0.58
0.05% -79.62%
2.4B
3.6B
-15.59% -15.74%
6.09
0.68
-13.23% -10.02%
2.4B
7.5B
-20.83% 27.35%
3.86
0.31
-4.15% -32.63%
1.6B
905.2M
-29.71% -58.57%
-35.21
1.74
29.50% -25.73%
SMALL-CAP
1.4B
1.4B
-10.42% -18.96%
-523.07
0.98
3.97% -101.82%
1.3B
327.1M
-8.98% -16.27%
25.76
4.11
39.88% 13.79%
776.0M
813.7M
-6.42% -3.67%
25.05
0.95
5.28% 117.92%

Financials for Assurant

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue0.8%10,19310,11510,20510,23810,188
  S&GA Expenses32.3%4,2963,246---
EBITDA-9.3%6407068861,049-
EBITDA Margin-9.9%0.06*0.07*0.10*0.10*-
Earnings Before Taxes-15.1%350412592762771
EBT Margin-15.8%0.03*0.04*0.07*0.07*-
Interest Expenses0.7%108108109110112
Net Income-16.0%2773291,2021,3561,357
Net Income Margin-16.7%0.03*0.03*0.14*0.13*-
Free Cahsflow6.8%411385-264510-
Balance Sheet
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-0.4%33,12433,24631,72933,02333,921
    Cash Equivalents7.5%1,5371,4301,1821,2512,041
  Net PPE4.5%645618609585561
  Goodwill2.2%2,6032,5472,5582,5692,572
Liabilities-0.9%28,89529,14727,26928,00228,457
Shareholder's Equity3.2%4,2294,0994,4604,9995,464
  Retained Earnings0.6%3,6993,6793,7743,9774,041
  Additional Paid-In Capital0.7%1,6381,6271,6301,6521,695
Shares Outstanding-0.1%53.0053.0053.0055.0056.00
Minority Interest------
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations3.9%597575-75.40699782
  Share Based Compensation-4.1%63.0065.0066.0066.0067.00
Cashflow From Investing-1772.1%-262-14.00231130158
Cashflow From Financing25.6%-818-1,099-1,693-1,214-1,089
  Dividend Payments-1.1%150152154157158
  Buy Backs-32.8%5738531,0831,027839

Risks for AIZ

What is the probability of a big loss on AIZ?

45.8%


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

26.5%


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

0.8%


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.

Drawdowns

Returns for AIZ

Cumulative Returns on AIZ

12.1%


10-Year Cumulative Returns

7.7%


7-Year Cumulative Returns

7.2%


5-Year Cumulative Returns

6.6%


3-Year Cumulative Returns

What are the long-term rolling returns for AIZ?

FIve years rolling returns for Assurant.

Annualized Returns

Which funds bought or sold AIZ recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-23
MetLife Investment Management, LLC
reduced
-2.29
-328,924
1,742,340
0.01%
2023-03-17
American Portfolios Advisors
added
3,364
121,483
125,804
-%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-96.79
-13,570,400
385,560
-%
2023-03-07
Nordwand Advisors, LLC
new
-
649,437
649,437
0.08%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-22.5
-82,000
160,000
-%
2023-02-28
Voya Investment Management LLC
reduced
-81.82
-43,914,600
8,149,410
0.01%
2023-02-24
SRS Capital Advisors, Inc.
sold off
-100
-1,000
-
-%
2023-02-24
NATIXIS
reduced
-21.89
-1,038,600
2,130,400
0.01%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
-110,000
673,000
0.01%
2023-02-21
Empowered Funds, LLC
new
-
721,471
721,471
0.05%

1–10 of 46

Latest Funds Activity

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

Assurant News

Nasdaq

Sum Up The Parts: DGRW Could Be Worth $69.

Nasdaq,
4 days ago

Investopedia

Seeking Alpha

InvestorsObserver

Assurant, Inc. (AIZ) Stock by the Numbers.

InvestorsObserver,
6 days ago

Investing.com India

Schedule 13G FIlings of Assurant

Date FiledName of FilerPercent of ClassNo. of SharesForm 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

AIZ Fair Value

Assurant fair value in different scenarios

The table shows the Fair Value estimates for Assurant for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

107.89

-5.66%

137.87

20.56%

210.04

83.67%

322.62

182.11%

439.91

284.67%
Current Inflation

99.91

-12.64%

125.96

10.14%

186.81

63.35%

281.07

145.78%

379.15

231.54%
Very High Inflation

89.92

-21.37%

111.35

-2.63%

159.31

39.31%

233.08

103.81%

309.73

170.84%

Historical Assurant Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Assurant

View All Filings
Date Filed Form Type Document
Mar 23, 2023
ARS
ARS
Mar 23, 2023
DEF 14A
DEF 14A
Mar 23, 2023
DEFA14A
DEFA14A
Mar 20, 2023
4
Insider Trading
Mar 20, 2023
4
Insider Trading
Mar 20, 2023
4
Insider Trading
Mar 20, 2023
4
Insider Trading
Mar 20, 2023
4
Insider Trading
Mar 20, 2023
4
Insider Trading
Mar 20, 2023
4
Insider Trading

Latest Insider Trading transactions for AIZ

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-16
Lonergan Robert
acquired
-
-
8,534
evp
2023-03-16
Lonergan Robert
sold (taxes)
-314,822
110
-2,837
evp
2023-03-16
DiRienzo Dimitry
acquired
-
-
597
svp, cao, controller
2023-03-16
MEIER KEITH
acquired
-
-
8,826
evp, coo
2023-03-16
DiRienzo Dimitry
sold (taxes)
-17,977
110
-162
svp, cao, controller
2023-03-16
Demmings Keith
acquired
-
-
23,743
president and ceo
2023-03-16
Demmings Keith
sold (taxes)
-673,366
110
-6,068
president and ceo
2023-03-16
Luthi Francesca
acquired
-
-
9,125
evp, cao
2023-03-16
DZIADZIO RICHARD S
sold (taxes)
-838,933
110
-7,560
evp and cfo
2023-03-16
Rosenblum Jay
sold (taxes)
-100,428
110
-905
evp and clo

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

2022-12-31
Consolidated Statements of Operations - USD ($)
$ in Millions
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Revenues   
Net earned premiums$ 8,765.3$ 8,572.1$ 8,277.9
Fees and other income1,243.31,172.91,042.3
Net investment income364.1314.4285.6
Net realized (losses) gains on investments (including $(4.6), $0.2 and $(19.7) of impairment-related (losses) gains for the years ended December 31, 2022, 2021 and 2020, respectively) and fair value changes to equity securities(179.7)128.2(8.2)
Total revenues10,193.010,187.69,597.6
Benefits, losses and expenses   
Policyholder benefits2,359.82,201.92,275.2
Underwriting, selling, general and administrative expenses7,366.37,081.96,639.8
Goodwill impairment (Note 15)7.80.00.0
Interest expense108.3111.8104.5
Loss on extinguishment of debt (Note 19)0.920.70.0
Total benefits, losses and expenses9,843.19,416.39,019.5
Income from continuing operations before income tax expense349.9771.3578.1
Income tax expense73.3168.458.7
Net income from continuing operations276.6602.9519.4
Net income (loss) from discontinued operations (Note 4)0.0758.9(77.7)
Net income276.61,361.8441.7
Less: Net income attributable to non-controlling interest0.00.0(0.9)
Net income attributable to stockholders276.61,361.8440.8
Less: Preferred stock dividends0.0(4.7)(18.7)
Net income attributable to common stockholders, basic276.61,357.1422.1
Net income attributable to common stockholders, diluted$ 276.6$ 1,357.1$ 422.1
Basic   
Net income from continuing operations (in dollars per share)$ 5.09$ 10.11$ 8.31
Net income (loss) from discontinued operations (in dollars per share)012.84(1.29)
Net income attributable to common stockholders (in dollars per share)5.0922.957.02
Diluted   
Net income from continuing operations (in dollars per share)5.0510.038.21
Net income (loss) from discontinuing operations (in dollars per share)012.63(1.23)
Net income attributable to common stockholders (in dollars per share)$ 5.05$ 22.66$ 6.98
Share Data   
Weighted average shares outstanding used in basic per share calculations (in shares)54,371,53159,140,86160,114,670
Plus: Dilutive securities (in shares)410,997982,8333,065,268
Weighted average shares used in diluted earnings per share calculations (in shares)54,782,52860,123,69463,179,938

AIZ Balance Sheet

2022-12-31
Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2022
Dec. 31, 2021
Investments:  
Fixed maturity securities available for sale, at fair value (amortized cost – $6,920.8 and $6,903.9 at December 31, 2022 and 2021, respectively)$ 6,283.7$ 7,215.3
Equity securities at fair value281.3445.7
Commercial mortgage loans on real estate, at amortized cost (net of allowances for credit losses of $1.8 and $1.1 at December 31, 2022 and 2021, respectively)295.6256.5
Short-term investments155.5247.8
Other investments508.4506.3
Total investments7,524.58,671.6
Cash and cash equivalents1,536.72,040.8
Premiums and accounts receivable (net of allowances for credit losses of $9.2 and $9.4 at December 31, 2022 and 2021, respectively)2,406.41,942.5
Reinsurance recoverables (net of allowances for credit losses of $5.4 and $5.0 at December 31, 2022 and 2021, respectively)7,005.96,181.2
Accrued investment income85.162.1
Deferred acquisition costs9,677.18,811.0
Property and equipment, net645.1561.4
Goodwill2,603.02,571.6
Value of business acquired262.8583.4
Other intangible assets, net638.9719.2
Other assets (net of allowances for credit losses of $1.7 and $2.5 at December 31, 2022 and 2021, respectively)738.3698.9
Assets held for sale (Note 4)0.01,076.9
Total assets33,123.833,920.6
Liabilities  
Future policy benefits and expenses428.5413.2
Unearned premiums19,802.418,623.7
Claims and benefits payable2,295.91,604.8
Commissions payable647.5692.7
Reinsurance balances payable492.8446.2
Funds held under reinsurance366.6364.2
Accounts payable and other liabilities (net of allowances for credit losses of $10.3 at December 31, 2022)2,731.53,044.4
Debt2,129.92,202.5
Liabilities held for sale (Note 4)0.01,064.8
Total liabilities28,895.128,456.5
Commitments and contingencies (Note 28)
Stockholders’ equity  
Common stock, par value $0.01 per share, 800,000,000 shares authorized, 55,126,470 and 58,050,202 shares issued and 52,830,381 and 55,754,113 shares outstanding at December 31, 2022 and 2021, respectively0.60.7
Additional paid-in capital1,637.81,695.0
Retained earnings3,699.34,041.2
Accumulated other comprehensive (loss) income(986.2)(150.0)
Treasury stock, at cost; 2,296,089 shares at December 31, 2022 and 2021(122.8)(122.8)
Total equity4,228.75,464.1
Total liabilities and equity$ 33,123.8$ 33,920.6