-1.59%
0.92%
12.25%
23.06%
28.13%
41.10%
64.82%
AI Spotlight on AIZ
Company Description
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.
Market Data
| Last Price | 215.19 |
| Change Percentage | -1.59% |
| Open | 217.88 |
| Previous Close | 218.67 |
| Market Cap ( Millions) | 11037 |
| Volume | 1279537 |
| Year High | 230.55 |
| Year Low | 160.12 |
| M A 50 | 215.56 |
| M A 200 | 190.2 |
Financial Ratios
| FCF Yield | 13.94% |
| Dividend Yield | 1.38% |
| ROE | 14.84% |
| Debt / Equity | 39.63% |
| Net Debt / EBIDTA | 33.95% |
| Price To Book | 2.14 |
| Price Earnings Ratio | 15.15 |
| Price To FCF | 7.17 |
| Price To sales | 0.94 |
| EV / EBITDA | 14.26 |
News
- 14:25 - 5 Stocks With High ROE to Buy as Markets Rise on Solid Tech Earnings
- Jan -28 - Will Assurant (AIZ) Beat Estimates Again in Its Next Earnings Report?
- Jan -28 - Assurant Foundation Boosts Support for the NADA Foundation's Workforce Initiative with $30,000 Contribution
- Jan -27 - Assurant Supports Southern California Customers, Employees, and Communities Impacted by Wildfires
- Jan -20 - Assurant Stock Trading at Discount to Industry at 2.07X: Time to Buy?
- Jan -13 - Assurant to Announce Fourth Quarter and Full Year 2024 Financial Results
- Dec -05 - 17 Upcoming Dividend Increases, Including A King
- Dec -04 - Assurant Lands on Newsweek's America's Most Responsible Companies List for the Second Consecutive Year
- Dec -01 - Assurant - Needs To Take A Breather
- Nov -21 - 4 Stocks That Have Declared Dividend Hikes Amid Market Volatility
- Nov -21 - Assurant Reports Trade-In Programs Returned Over $1 Billion to Consumers in Q3 2024, Marking First-Ever Third-Quarter Milestone
- Nov -20 - Assurant Appoints Kevin Warren to Board of Directors
- Nov -20 - Assurant Boosts Shareholders' Value Via Dividend Hike of 11%
- Nov -19 - Assurant Board of Directors Approves Common Stock Dividend Increase of 11%
- Nov -11 - Assurant Included in Forbes' America's Best Employers for Veterans 2024
- Nov -06 - Assurant, Inc. (AIZ) Q3 2024 Earnings Call Transcript
- Nov -06 - Assurant Q3 Earnings Beat on Solid Global Housing Growth, View Raised
- Nov -06 - Assurant (AIZ) Reports Q3 Earnings: What Key Metrics Have to Say
- Nov -05 - Assurant (AIZ) Q3 Earnings and Revenues Beat Estimates
- Nov -05 - Assurant Reports Third Quarter 2024 Financial Results
Business Breakdown
Expected Mid-Term Growth
Segment n°1 -> Global Lifestyle
Expected Growth : 3.0 %
What the company do ?
Global Lifestyle from Assurant, Inc. offers extended warranty and protection plans for consumer electronics, appliances, and furniture, providing repair or replacement coverage.
Why we expect these perspectives ?
Assurant's Global Lifestyle segment growth is driven by increasing demand for mobile device protection, expansion into new markets, and strategic partnerships. Additionally, the rise of the sharing economy and growing consumer preference for subscription-based services contribute to the 3.0% growth rate.
Segment n°2 -> Global Housing
Expected Growth : 3.0 %
What the company do ?
Global Housing from Assurant, Inc. provides renters insurance and related services to property owners and managers, helping to mitigate risk and improve profitability.
Why we expect these perspectives ?
Assurant's Global Housing segment growth of 3.0% is driven by increasing demand for multifamily housing, expansion in high-growth markets, and strategic partnerships. Additionally, the segment benefits from a strong brand reputation, diversified product offerings, and a focus on digital innovation, enabling the company to capitalize on emerging trends in the housing market.
Segment n°3 -> Corporate and Other Activities
Expected Growth : 3.0 %
What the company do ?
Corporate and Other Activities from Assurant, Inc. includes corporate expenses, interest income, and other non-operating items not attributed to business segments.
Why we expect these perspectives ?
Assurant's Corporate and Other Activities segment growth of 3.0% is driven by disciplined capital allocation, strategic investments in digital capabilities, and expense management initiatives. Additionally, the company's focus on innovation and operational efficiencies has led to improved profitability, contributing to the segment's growth.
Assurant, Inc. Products
| Product Range | What is it ? |
|---|---|
| Extended Service Contracts | Assurant's extended service contracts provide protection against mechanical failures and electrical failures for consumer electronics, appliances, and other products. |
| Warranty Solutions | Assurant's warranty solutions provide protection against defects and malfunctions for consumer products, including electronics, appliances, and vehicles. |
| Mobile Device Protection | Assurant's mobile device protection provides insurance coverage for mobile devices against loss, theft, and damage. |
| Credit Insurance | Assurant's credit insurance provides protection for lenders and borrowers by covering loan payments in the event of death, disability, or unemployment. |
| Employee Benefits | Assurant's employee benefits provide insurance coverage for employees, including life insurance, disability insurance, and supplemental health insurance. |
| Renters Insurance | Assurant's renters insurance provides protection for renters against loss or damage to personal property, as well as liability coverage. |
| Home Warranty | Assurant's home warranty provides protection against home system and appliance failures, including plumbing, electrical, and HVAC systems. |
Assurant, Inc.'s Porter Forces
Threat Of Substitutes
Assurant, Inc. operates in a highly competitive industry, and there are many substitutes available to customers. However, the company's strong brand recognition and diversified product offerings help to mitigate the threat of substitutes.
Bargaining Power Of Customers
Assurant, Inc. has a large customer base, and customers have significant bargaining power due to the availability of substitutes. The company needs to focus on customer retention and loyalty programs to maintain its market share.
Bargaining Power Of Suppliers
Assurant, Inc. has a diversified supplier base, and suppliers have limited bargaining power. The company's strong financial position and long-term contracts with suppliers also reduce the bargaining power of suppliers.
Threat Of New Entrants
The insurance industry has high barriers to entry, including regulatory requirements and capital requirements. However, new entrants can still disrupt the market with innovative products and business models. Assurant, Inc. needs to focus on innovation and digital transformation to stay competitive.
Intensity Of Rivalry
The insurance industry is highly competitive, and Assurant, Inc. operates in a crowded market. The company needs to focus on differentiating its products and services, and investing in digital transformation to stay ahead of competitors.
Capital Structure
| Value | |
|---|---|
| Debt Weight | 30.19% |
| Debt Cost | 6.52% |
| Equity Weight | 69.81% |
| Equity Cost | 6.58% |
| WACC | 6.56% |
| Leverage | 43.26% |
Assurant, Inc. : Quality Control
Assurant, Inc. passed 5 out of 9 key points:
Historical Valuation
Price/Earnings Ratio
Margin Valuation
Peers Valuation
Competitors
| Company | Rational |
|---|---|
| MTG | MGIC Investment Corporation, through its subsidiaries, provides private mortgage insurance, other mortgage credit risk management solutions, and ancillary services to lenders and government sponsored entities in the United States, Puerto … |
| RDN | Radian Group Inc., together with its subsidiaries, engages in the mortgage and real estate services business in the United States. Its Mortgage segment offers credit-related insurance coverage primarily through private … |
| FNF | Fidelity National Financial, Inc., together with its subsidiaries, provides various insurance products in the United States. The company operates through Title, F&G, and Corporate and Other segments. It offers title … |
| ACT | Enact Holdings, Inc. operates as a private mortgage insurance company in the United States. The company is involved in writing and assuming residential mortgage guaranty insurance. It offers private mortgage … |
| NMIH | NMI Holdings, Inc. provides private mortgage guaranty insurance services in the United States. The company offers mortgage insurance services; and outsourced loan review services to mortgage loan originators. It serves … |
Peers Metrics
DCF BETA
Expected Cash-Flows
Scoring Insights
Peers Group Analysis
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Enact Holdings
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MGIC
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Fidelity National Financial
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4
Radian Group
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5
NMI Holdings
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6
