Assurant (AIZ) AI Stock Analysis

• Market Cap: $11.41B
• Dividend Yield: 1.36%
• Average Volume (3M): 430.88K
• Price to Earnings (P/E): 13.4
• Beta (1Y): 0.60
• Revenue Growth: 6.91%
• EPS Growth: 17.60%
• Country: US
• Employees: 14,200
• Sector: Financial
• Sector Strength: 70
• Industry: Insurance - Specialty
• EPS (TTM): 5.61
• Shares Outstanding: 49,699,768
• 10 Day Avg. Volume: 532,582
• 30 Day Avg. Volume: 430,878
• PEG Ratio: 0.74
• Price to Book (P/B): 2.07
• Price to Sales (P/S): 0.95
• P/FCF Ratio: 7.60
• Enterprise Value/Market Cap: 1.04
• Enterprise Value/Revenue: 0.93
• Enterprise Value/Gross Profit: 1.20
• Enterprise Value/Ebitda: 8.20
• 1Y Price Target: $253.33
• Price Target Upside: 10.41% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 5
• EPS Forecast (FY): 20.63
• Revenue Forecast (FY): $13.63B

• Rating: 72 Outperform
• Price Target: $247.00 ▲(7.65% Upside)
• Action: Reiterated Date: 02/20/26
• Date: Action: Reiterated 02/20/26

The score is driven primarily by solid and improving financial performance (profitability and cash flow strength with manageable leverage) and supportive earnings-call outlook/capital returns. These positives are tempered by currently weak technical momentum and ongoing risks around earnings volatility (reserve/CAT sensitivity and corporate investment drag), while valuation appears reasonable.

Positive Factors

Diversified business model

Assurant’s multi-segment model (housing, lifestyle, automotive) and broad product set create durable revenue diversification and distribution reach. This structure reduces dependence on any single market, enables cross-selling with large partners, and supports stable long-term cash flows and scale advantages.

Strong cash generation

Material improvement in operating and free cash flow gives the company sustained internal funding for share repurchases, dividends, M&A and growth investments. Reliable cash generation enhances financial flexibility and lowers reliance on external financing over the medium term.

Improving profitability and returns

Margin rebound and healthy ROE indicate the business is capturing underwriting and operational improvements. Higher and more consistent profitability supports capital accumulation, reinvestment and shareholder returns, and suggests the firm can sustain improved returns if underwriting discipline holds.

Negative Factors

Reserve volatility (PYD tailwind)

Earnings are sensitive to reserve development; the removal of a $113M favorable PYD creates a structural headwind that management must offset with underlying business growth. This reserving volatility makes medium-term earnings less predictable and increases forecasting risk.

Catastrophe exposure

Meaningful recurring CAT load is a structural underwriting risk that can compress margins and capital if losses spike. Persistent catastrophe exposure raises earnings volatility and necessitates prudent reinsurance, capital buffers and pricing discipline to protect return metrics over time.

Early-stage home warranty drag

Investments to scale a newly launched home warranty business and related corporate drag will weigh on consolidated profitability until scale and margin improvements materialize. Execution risk and upfront losses can persist for multiple quarters, pressuring near-term cash returns and ROI.

Assurant Business Overview & Revenue Model

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.

How the Company Makes Money

Assurant generates revenue through multiple key streams. Its Global Housing segment derives income from property and casualty insurance policies, predominantly in the rental market, providing coverage for landlords and tenants. The Global Lifestyle segment earns revenue by offering protection plans for mobile devices, appliances, and consumer electronics, as well as extended warranty services. The Global Automotive segment focuses on vehicle service contracts and related products, capturing revenue from automotive dealers and consumers. Additionally, Assurant benefits from strategic partnerships with leading retailers and service providers, enhancing its distribution capabilities and expanding its customer base. The company's revenue is further supported by the effective management of its investment portfolio, which generates income through interest and investment gains.

Assurant Financial Statement Overview

Summary

Improving fundamentals with steady revenue growth, a meaningful profitability rebound since 2022, and strong 2025 operating/free cash flow. Balance sheet leverage is manageable and trending better, but results have shown notable volatility and earnings are increasingly dependent on Global Housing performance and reserve/underwriting outcomes.

Income Statement

Revenue has grown steadily over the last several years, accelerating into 2023–2025 (2025 revenue up ~2% vs. 2024). Profitability has also improved meaningfully from the 2022 trough, with net margin rising from ~2.7% (2022) to ~6.8% (2025) and operating profitability improving as well. Strengths include the consistent top-line expansion and a solid return on equity (~14.9% in 2024–2025). Key weakness is volatility: 2021 margins were unusually high, followed by a sharp profitability dip in 2022, highlighting earnings sensitivity and less predictable margin performance.

Balance Sheet

Leverage appears manageable and improving, with debt-to-equity trending down from ~0.50 (2022) to ~0.38 (2025), supported by rising equity ($4.23B in 2022 to $5.87B in 2025). Returns on equity are healthy in recent periods (~14.9% in 2024–2025), suggesting effective capital use. The main drawback is that total debt remains meaningful in absolute terms (~$2.2B), and balance-sheet strength is still tied to maintaining profitability given the historical earnings variability.

Cash Flow

Cash generation strengthened significantly, with operating cash flow rising to ~$1.83B in 2025 from ~$1.33B in 2024 and ~$0.60B in 2022. Free cash flow also expanded sharply in 2025 and was strong relative to earnings (free cash flow roughly matching net income in 2025, and solid coverage in prior years). Weaknesses include notable variability over time (downturn in 2021–2022 before rebounding) and inconsistent free-cash-flow growth year to year, which can complicate forecasting.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	12.81B	11.88B	11.13B	10.19B	10.19B
Gross Profit	9.89B	9.11B	8.61B	7.83B	4.15B
EBITDA	1.45B	1.26B	1.11B	640.20M	1.05B
Net Income	872.70M	760.20M	642.50M	276.60M	1.36B
Balance Sheet
Total Assets	36.29B	35.02B	33.64B	33.12B	33.92B
Cash, Cash Equivalents and Short-Term Investments	10.41B	4.19B	3.73B	7.98B	9.50B
Total Debt	2.21B	2.08B	2.08B	2.13B	2.20B
Total Liabilities	30.42B	29.91B	28.83B	28.89B	28.46B
Stockholders Equity	5.87B	5.11B	4.81B	4.23B	5.46B
Cash Flow
Free Cash Flow	1.60B	1.11B	935.60M	410.60M	594.30M
Operating Cash Flow	1.83B	1.33B	1.14B	596.90M	781.70M
Investing Cash Flow	-1.46B	-657.80M	-637.70M	-262.10M	157.60M
Financing Cash Flow	-364.20M	-477.50M	-403.90M	-818.40M	-1.09B

Assurant Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 229.44
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AIZ, the sentiment is Positive. The current price of 229.44 is above the 20-day moving average (MA) of 228.83, below the 50-day MA of 233.53, and above the 200-day MA of 212.75, indicating a neutral trend. The MACD of -3.01 indicates Negative momentum. The RSI at 51.46 is Neutral, neither overbought nor oversold. The STOCH value of 80.10 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AIZ.

Assurant Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ESNT	76 Outperform	$5.75B	8.82	12.35%	1.88%	2.78%	-0.50%
AIZ	72 Outperform	$11.41B	13.44	15.90%	1.36%	6.91%	17.60%
MTG	68 Neutral	$5.70B	8.45	14.31%	1.89%	2.20%	9.90%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
FAF	66 Neutral	$7.14B	11.69	11.95%	3.58%	25.99%	426.44%
RYAN	57 Neutral	$10.40B	84.57	9.94%	0.93%	22.77%	-34.97%
FNF	54 Neutral	$14.34B	23.89	7.93%	3.69%	3.91%	55.78%

Assurant Corporate Events

Assurant appoints Lynn Blake to board of directors

On January 28, 2026, Assurant appointed former State Street Investment Management executive Lynn Blake to its Board of Directors, with immediate effect, assigning her to the Finance and Risk Committee and the Nominating and Corporate Governance Committee, subject to customary regulatory approvals. Blake brings more than 30 years of asset management experience, including leadership in systematic equity strategies, index fund development, and sustainability and stewardship functions, and her appointment is expected to strengthen Assurant’s financial strategy, risk oversight and governance as it pursues its strategic priorities. As part of the board refresh, the company also announced that director Debra Perry will retire from the Board effective as of Assurant’s 2026 annual shareholder meeting, in line with its director retirement policy.

The most recent analyst rating on (AIZ) stock is a Buy with a $255.00 price target. To see the full list of analyst forecasts on Assurant stock, see the AIZ Stock Forecast page.