Assurant (AIZ)
NYSE:AIZ
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Assurant
(NYSE:AIZ)
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Rating:77Outperform
Price Target:
$272.00
â–²(19.42% Upside)
Action:ReiteratedDate:05/09/26
The score is driven mainly by improved multi-year profitability and returns with moderate, improving leverage, reinforced by constructive price momentum (above key moving averages with positive MACD). Valuation supports the rating given the low P/E and a modest dividend. The earnings call was broadly positive with upgraded/affirmed growth drivers and capital returns, tempered by reserve-development headwinds, catastrophe sensitivity, and near-term corporate investment drag.
Positive Factors
Improving Profitability and Scale
Multi-year revenue scaling to $13.2B and materially higher margins (net margin ~7.6%, EBIT ~10% TTM) indicate durable underwriting discipline and operating leverage. These structural improvements suggest the company can convert premium scale into sustained profits across insurance cycles, supporting reinvestment and capital returns.
Negative Factors
Catastrophe Exposure and Volatility
Persistent catastrophe exposure and an increased annual assumption ($185M) mean underwriting results remain sensitive to loss events. This structural volatility forces recurring reinsurance purchases, can widen combined ratios in active years, and makes multi-quarter earnings and capital planning more uncertain for an insurer.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Profitability and Scale
Multi-year revenue scaling to $13.2B and materially higher margins (net margin ~7.6%, EBIT ~10% TTM) indicate durable underwriting discipline and operating leverage. These structural improvements suggest the company can convert premium scale into sustained profits across insurance cycles, supporting reinvestment and capital returns.
Read all positive factors
Assurant (AIZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$11.88B
Dividend Yield1.36%
Average Volume (3M)313.67K
Price to Earnings (P/E)9.9
Beta (1Y)0.63
Revenue Growth9.02%
EPS Growth53.71%
CountryUS
Employees14,200
SectorFinancial
Sector Strength70
IndustryInsurance - Specialty
Share Statistics
EPS (TTM)19.82
Shares Outstanding49,547,638
10 Day Avg. Volume288,706
30 Day Avg. Volume313,668
Financial Highlights & Ratios
PEG Ratio0.74
Price to Book (P/B)2.07
Price to Sales (P/S)0.95
P/FCF Ratio7.60
Enterprise Value/Market Cap1.06
Enterprise Value/Revenue0.95
Enterprise Value/Gross Profit1.23
Enterprise Value/Ebitda8.28
Forecast
1Y Price Target
$260.50Price Target Upside14.37% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)20.71
Revenue Forecast (FY)$13.74B
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...
How the Company Makes Money
Assurant makes money primarily by underwriting insurance and administering protection programs sold largely through business-to-business partnerships. In its Global Lifestyle segment, revenue is generated from (1) premiums and policy fees for insu...
Assurant Key Performance Indicators (KPIs)
Any
Adjusted EBITDA by Segment
Reveals profitability across different business units, highlighting which segments are driving earnings and where there may be opportunities or challenges.
Reveals profitability across different business units, highlighting which segments are driving earnings and where there may be opportunities or challenges.
Data provided by:
The Fly
The FlyAssurant Earnings Call Summary
Earnings Call Date:May 05, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 04, 2026
Earnings Call Sentiment Positive
The call emphasized multiple clear strengths: record quarterly results, robust Global Lifestyle performance (notably Connected Living and reverse logistics), strong capital returns, improved reinsurance terms and an upgraded outlook. A notable headwind is lower favorable prior-year reserve development (≈ $94M) which reduced reported comparability, along with modest near-term pressure in Global Housing, early-stage Home Warranty investments (Corporate drag), and some seasonal/portfolio variability. Overall, the upbeat results, upgraded guidance, strong cash generation and major new carrier and partner wins outweigh the highlighted challenges.Positive Updates
Record First Quarter and Strong Earnings Growth
Company reported the strongest quarter in its history: adjusted EBITDA grew 6% and adjusted EPS grew 9% excluding reportable catastrophes; when excluding prior-year reserve development impacts, adjusted EBITDA grew 8% and adjusted EPS grew 12%.
Negative Updates
Prior-Year Reserve Development Headwind
Comparability impacted by $94M of lower favorable prior-year reserve development (management cited $113M in 2025 vs. $19M favorable in Q1 2026), pressuring year-over-year growth and lowering reported benefits versus last year.
Read all updates
Q1-2026 Updates
Positive
Negative
Record First Quarter and Strong Earnings Growth
Company reported the strongest quarter in its history: adjusted EBITDA grew 6% and adjusted EPS grew 9% excluding reportable catastrophes; when excluding prior-year reserve development impacts, adjusted EBITDA grew 8% and adjusted EPS grew 12%.
Read all positive updates
Company Guidance
Assurant updated its 2026 guidance to expect full‑year adjusted EBITDA and adjusted EPS to grow low single digits (both excluding catastrophes), noting it must overcome $94 million of lower favorable prior‑year reserve development (which the company said includes $113M in 2025 and $19M in Q1 2026); excluding prior‑year development, management expects high‑single‑digit underlying growth in both metrics. Management said Global Lifestyle should lead with ~10% growth, while Global Housing is now expected to decline only modestly excluding cats (and to deliver solid underlying growth absent prior development) with a full‑year combined ratio in the low‑ to mid‑80s excluding prior development. Assurant’s full‑year catastrophe assumption is $185M, 2026 catastrophe reinsurance premiums are estimated at ~ $180M (vs. ~ $200M in 2025), program retention is $160M (1‑in‑5‑year PML) with ~ $1.6B of excess coverage on the main U.S. program and $1.8B of excess coverage for Florida. From a capital perspective, quarter‑end liquidity was $836M; the company returned $169M in Q1 ( $125M repurchases, $44M dividends), repurchased an additional $30M on May 1, and now expects full‑year share repurchases of $300–$350M.Assurant Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
67
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.16B | 12.81B | 11.88B | 11.13B | 10.19B | 10.19B |
| Gross Profit | 10.24B | 9.89B | 9.11B | 8.61B | 7.83B | 4.15B |
| EBITDA | 1.52B | 1.45B | 1.26B | 1.11B | 640.20M | 1.05B |
| Net Income | 1.00B | 872.70M | 760.20M | 642.50M | 276.60M | 1.36B |
Balance Sheet | ||||||
| Total Assets | 35.77B | 36.29B | 35.02B | 33.64B | 33.12B | 33.92B |
| Cash, Cash Equivalents and Short-Term Investments | 1.92B | 4.55B | 9.26B | 3.73B | 7.98B | 9.50B |
| Total Debt | 2.21B | 2.21B | 2.08B | 2.08B | 2.13B | 2.20B |
| Total Liabilities | 29.90B | 30.42B | 29.91B | 28.83B | 28.89B | 28.46B |
| Stockholders Equity | 5.87B | 5.87B | 5.11B | 4.81B | 4.23B | 5.46B |
Cash Flow | ||||||
| Free Cash Flow | 1.45B | 1.60B | 1.11B | 935.60M | 410.60M | 594.30M |
| Operating Cash Flow | 1.68B | 1.83B | 1.33B | 1.14B | 596.90M | 781.70M |
| Investing Cash Flow | -1.32B | -1.46B | -657.80M | -637.70M | -262.10M | 157.60M |
| Financing Cash Flow | -448.10M | -364.20M | -477.50M | -403.90M | -818.40M | -1.09B |
Assurant Technical Analysis
Positive
227.76
Price Trends
222.03
Positive
227.57
Positive
216.99
Positive
Market Momentum
1.03
Negative
61.66
Neutral
89.80
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 227.76 is above the 20-day moving average (MA) of 219.41, above the 50-day MA of 222.03, and above the 200-day MA of 216.99, indicating a bullish trend. The MACD of 1.03 indicates Negative momentum. The RSI at 61.66 is Neutral, neither overbought nor oversold. The STOCH value of 89.80 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for AIZ.
Assurant Risk Analysis
Assurant disclosed 41 risk factors in its most recent earnings report. Assurant reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Assurant Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
85 Outperform | $5.93B | 7.98 | 12.01% | 1.88% | 1.86% | 2.64% | |
77 Outperform | $11.88B | 9.87 | 17.40% | 1.36% | 9.02% | 53.71% | |
76 Outperform | $7.24B | 12.41 | 11.87% | 3.58% | 27.63% | 328.74% | |
76 Outperform | $5.66B | 8.58 | 14.00% | 1.89% | -1.24% | 4.62% | |
71 Outperform | $13.61B | 12.84 | 9.41% | 3.69% | 13.76% | -30.60% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
51 Neutral | $8.26B | 26.93 | 20.85% | 0.93% | 18.37% | 98.44% |
* Financial Sector Average
AIZ
Assurant
239.67
40.72
20.47%
FNF
Fidelity National Financial
50.58
-3.01
-5.61%
FAF
First American Financial
71.04
12.52
21.38%
MTG
MGIC Investment
26.75
0.76
2.91%
ESNT
Essent Group
63.13
4.75
8.13%
RYAN
Ryan Specialty Group
31.31
-37.19
-54.29%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.