Assurant, Inc. (AIZ)

Assurant, Inc. (AIZ) Financial Services Profile

Assurant, Inc. delivers lifestyle and housing solutions, offering mobile device protection, extended service products, and lender-placed homeowners insurance. With a $13.85B market cap and a presence in North America, Latin America, Europe, and Asia Pacific, Assurant leverages its established position and diverse product offerings within the specialty insurance sector.

What Is the Investment Thesis for AIZ?

Assurant, Inc. presents a compelling investment case based on its diversified revenue streams and established market position. The company's Global Lifestyle and Global Housing segments provide a balanced portfolio, mitigating risks associated with specific market fluctuations. With a P/E ratio of 12.4 and a profit margin of 7.6%, Assurant demonstrates financial stability and profitability. The company's free cash flow of $2.01 billion provides ample resources for strategic investments and shareholder returns, evidenced by its dividend yield of 1.40%. Growth catalysts include expansion in emerging markets and increased demand for mobile device protection. Potential risks include regulatory changes and increased competition in the insurance sector. Investors may want to evaluate Assurant's beta of 0.55, indicating lower volatility compared to the broader market.

Based on FMP financials and quantitative analysis

AIZ Key Highlights

• Market capitalization of $13.85B reflects substantial investor confidence in Assurant's market position and future prospects.
• P/E ratio of 12.4 suggests that Assurant is reasonably valued compared to its earnings.
• Profit margin of 7.6% indicates efficient operations and effective cost management.
• Free cash flow of $2.01 billion demonstrates strong financial health and the ability to fund growth initiatives and shareholder returns.
• Dividend yield of 1.40% provides a steady income stream for investors.

Who Are AIZ's Competitors?

AIZ is benchmarked below against 8 industry peers on price, market cap, and our AI MoonshotScore.

AI Score by Stock Expert AI · Price data: FMP / Yahoo Finance

What Are AIZ's Key Strengths?

• Diversified revenue streams across multiple segments.
• Strong market position in specialty insurance.
• Established partnerships with leading retailers and mobile carriers.
• Solid financial performance and free cash flow.

What Are AIZ's Weaknesses?

• Exposure to regulatory changes and compliance costs.
• Dependence on partnerships for distribution.
• Potential for increased competition in the insurance sector.
• Sensitivity to economic fluctuations and interest rate changes.

What Could Drive AIZ Stock Higher?

• Launch of new mobile device protection plans with enhanced features.
• Expansion of strategic partnerships in emerging markets.
• Continued focus on digital transformation and innovation.
• Potential acquisitions to expand product offerings and market reach.

What Are the Key Risks for AIZ?

• Financial-distress signal — its Altman Z-Score of 0.17 sits in the distress zone (elevated bankruptcy risk).
• Insider selling — insiders were net sellers of roughly $11.8M recently.
• Regulatory changes impacting insurance underwriting and pricing.
• Increased competition from new entrants and disruptive technologies.
• Cybersecurity risks and data breaches.
• Economic downturn affecting consumer spending and insurance demand.

What Are the Growth Opportunities for AIZ?

• Expansion in Emerging Markets: Assurant has a significant opportunity to expand its presence in emerging markets, particularly in Asia Pacific and Latin America. These regions are experiencing rapid growth in consumer spending and increasing demand for insurance products. By tailoring its offerings to local market needs and establishing strategic partnerships, Assurant can capture a larger share of these high-growth markets. This expansion could contribute significantly to revenue growth over the next 3-5 years, potentially increasing international revenue by 15-20%.
• Increased Demand for Mobile Device Protection: The increasing reliance on mobile devices presents a significant growth opportunity for Assurant's Global Lifestyle segment. As the cost of smartphones and other mobile devices continues to rise, consumers are more likely to seek protection against damage, loss, and theft. Assurant can capitalize on this trend by offering comprehensive mobile device protection plans and expanding its partnerships with mobile carriers and retailers. This could lead to a 10-15% increase in mobile device protection revenue over the next 2-3 years.
• Strategic Partnerships and Acquisitions: Assurant can drive growth through strategic partnerships and acquisitions that expand its product offerings and market reach. By partnering with complementary businesses, such as fintech companies and e-commerce platforms, Assurant can reach new customer segments and offer innovative insurance solutions. Acquisitions can also provide access to new technologies and expertise, enhancing Assurant's competitive advantage. These initiatives could contribute to a 5-10% increase in overall revenue within the next year.
• Digital Transformation and Innovation: Investing in digital transformation and innovation is crucial for Assurant to remain competitive in the evolving insurance landscape. By leveraging technologies such as artificial intelligence, machine learning, and data analytics, Assurant can improve its underwriting processes, enhance customer service, and develop personalized insurance products. This digital transformation could lead to a 5-7% reduction in operating costs and a 10-12% increase in customer satisfaction over the next 3 years.
• Product Diversification in the Housing Segment: Assurant can further diversify its product offerings in the Global Housing segment by expanding into related areas such as home warranty and smart home protection. These products can complement Assurant's existing insurance offerings and provide additional value to homeowners. By offering a comprehensive suite of housing-related protection products, Assurant can strengthen its position in the market and increase customer loyalty. This diversification could result in a 8-10% increase in housing segment revenue over the next 4 years.

What Opportunities Does AIZ Have?

• Expansion in emerging markets with high growth potential.
• Increased demand for mobile device protection and extended service contracts.
• Strategic acquisitions and partnerships to expand product offerings.
• Leveraging digital technologies to improve efficiency and customer service.

What Threats Does AIZ Face?

• Disruptive technologies and new entrants in the insurance market.
• Cybersecurity risks and data breaches.
• Natural disasters and catastrophic events impacting insurance claims.
• Changes in consumer preferences and buying behavior.

What Are AIZ's Competitive Advantages?

• Established brand reputation and customer trust built over decades.
• Diversified product offerings across lifestyle and housing segments.
• Extensive distribution network through partnerships with retailers, mobile carriers, and lenders.
• Strong underwriting expertise and risk management capabilities.

What Does AIZ Do?

Founded in 1892 and formerly known as Fortis, Inc., Assurant, Inc. has evolved into a global provider of lifestyle and housing solutions. The company operates through two primary segments: Global Lifestyle and Global Housing. The Global Lifestyle segment focuses on protecting consumer devices and appliances, offering mobile device solutions, extended service products, vehicle protection, and credit protection. This segment caters to the increasing reliance on technology and the need for protection against device malfunctions and damages. The Global Housing segment provides lender-placed homeowners insurance, manufactured housing, and flood insurance, as well as renters insurance and other specialty products. This segment addresses the critical need for property protection and risk management in the housing market. Assurant's comprehensive suite of services supports, protects, and connects consumer purchases across North America, Latin America, Europe, and the Asia Pacific, positioning it as a key player in the specialty insurance market. The company changed its name to Assurant, Inc. in February 2004, marking a new chapter in its long history.

What Products and Services Does AIZ Offer?

• Provides mobile device solutions, including insurance and extended service contracts.
• Offers extended service products for consumer electronics and appliances.
• Provides vehicle protection and related services.
• Offers credit protection and other insurance products.
• Provides lender-placed homeowners insurance.
• Offers manufactured housing and flood insurance.
• Provides renters insurance and related products.
• Offers voluntary manufactured housing insurance and homeowners insurance.

How Does AIZ Make Money?

• Generates revenue through premiums from insurance policies.
• Earns fees from extended service contracts and protection plans.
• Manages risk through underwriting and reinsurance.
• Invests premiums to generate investment income.

What Industry Does AIZ Operate In?

Assurant, Inc. operates within the specialty insurance industry, which is characterized by increasing demand for niche insurance products and services. The market is driven by factors such as technological advancements, changing consumer lifestyles, and increased awareness of risk management. Assurant competes with other insurance providers, including Reinsurance Group of America, Incorporated (RGA), Globe Life Inc. (GL), and other financial institutions that offer similar protection products. The industry is also subject to regulatory oversight and economic fluctuations, which can impact profitability and growth.

Who Are AIZ's Key Customers?

• Mobile device users seeking protection against damage, loss, and theft.
• Consumers purchasing extended service contracts for electronics and appliances.
• Vehicle owners seeking protection against mechanical breakdowns and other risks.
• Homeowners requiring lender-placed or voluntary homeowners insurance.
• Renters seeking insurance coverage for their personal belongings.

Company Profile

Assurant, Inc. operates in the Insurance - Specialty industry within the Financial Services sector. It is headquartered in Atlanta, US. The company is led by CEO Keith Warner Demmings. AIZ has traded publicly since 2004.

Assurant, Inc. Financial Trajectory

Assurant, Inc. (AIZ) reported $3.42B in revenue for Q1 2026, reflecting 2.1% growth compared to the prior quarter. The company recorded net income of $274.1M, with diluted EPS of $5.46. Revenue has increased across the last three reported quarters, suggesting sustained momentum for this large-cap Financial Services company. Across the four most recent quarters, AIZ averaged $4.92 in diluted EPS.

How Assurant, Inc. Is Valued

Assurant, Inc. carries a market capitalization of $13.85B, placing it in the large-cap category. Relative to its peer group, AIZ's quantitative score of 95/100 is above the peer average of 69/100.

ROE 17%Key Financial Metrics

Return on equity for Assurant, Inc. stands at 17.4%, a gauge of how efficiently it converts shareholder capital into profit. Return on assets is 2.8%, showing how much profit it generates from its asset base. AIZ trades at a trailing price-to-earnings ratio of 12.37, below the Financial Services sector average of ~18x. Its free cash flow yield is 11.8%, a gauge of the cash the business throws off relative to its market value. A current ratio of 0.14 means current liabilities exceed short-term assets, a liquidity point worth watching. Its earnings yield is 8.1%, the inverse of the P/E and a quick read on earnings relative to price.

F-Score 7/9Financial Health

Assurant, Inc.'s Piotroski F-Score is 7/9, a 9-point checklist of profitability, leverage and efficiency — signaling solid underlying fundamentals. Its Altman Z-Score of 0.17 places it in the distress zone, a signal of elevated financial risk.

FY2026 estForward Outlook

Wall Street analysts project Assurant, Inc. revenue of about $13.90B for fiscal 2026, with EPS near $21.04. The estimate reflects 3 contributing analysts.

Net sellingInsider Activity

Over the past six months, Assurant, Inc. insiders filed 30 SEC Form 4 transactions — 13 sales and 17 purchases. On net that is roughly 7K shares disposed (about $11.8M), a signal worth weighing alongside the fundamentals.

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Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

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