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Assurant
(NYSE:AIZ)
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Rating:80Outperform
Price Target:
$341.00
â–²(23.13% Upside)
Action:Reiterated
Date:08/07/26
AIZ scores well primarily on strengthening financial performance (margin expansion, strong free cash flow, and improving leverage) and strong technical momentum (price above all key moving averages with positive MACD). The earnings call adds support via raised 2026 outlook and increased repurchase expectations, while valuation is fair but not especially discounted and some earnings variability risks (reserve development, cat exposure, and non-run-rate items) temper the score.
Positive Factors
Cash Generation
Consistent, strong cash generation is a durable strength: FCF near $1.75B TTM and ~93% conversion of net income provides recurring funding for buybacks, dividends, and investments. This improves financial flexibility, supports capital returns, and cushions the business through underwriting cycles.
Negative Factors
Reserve Development Volatility
Reserve development swings materially affect reported earnings and guidance. Recurring variability in prior‑period reserve releases reduces earnings predictability and requires sustained underwriting discipline and conservative reserving to avoid earnings reversals that could erode capital over time.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Consistent, strong cash generation is a durable strength: FCF near $1.75B TTM and ~93% conversion of net income provides recurring funding for buybacks, dividends, and investments. This improves financial flexibility, supports capital returns, and cushions the business through underwriting cycles.
Read all positive factors
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 (AIZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$13.83B
Dividend Yield1.23%
Average Volume (3M)348.70K
Price to Earnings (P/E)14.1
Beta (1Y)0.64
Revenue Growth9.02%
EPS Growth53.71%
CountryUS
Employees14,800
SectorFinancial
Sector Strength70
IndustryInsurance - Specialty
Share Statistics
EPS (TTM)21.20
Shares Outstanding49,547,638
10 Day Avg. Volume286,588
30 Day Avg. Volume348,702
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$309.50Price Target Upside11.76% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering7
EPS Forecast (FY)21.06
Revenue Forecast (FY)$13.90B
Assurant Business Overview & Revenue Model
Company Description
Assurant, Inc. operates globally, delivering essential lifestyle and housing solutions designed to secure, assist, and connect consumer acquisitions across diverse markets including North America, Latin America, Europe, and the Asia Pacific. The c...
How the Company Makes Money
Assurant makes money primarily by underwriting and administering specialty insurance and protection products and by providing related services for corporate and institutional partners. Key revenue streams include: (1) Insurance premiums: In Global...
Assurant Earnings Call Summary
Earnings Call Date:Aug 04, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Nov 03, 2026
Earnings Call Sentiment Positive
The call conveys a predominantly positive tone: Assurant reported record quarterly results, raised its full-year outlook, and showed broad-based earnings momentum across Global Lifestyle (especially Connected Living), Global Housing, and Global Automotive. Strong capital generation enabled elevated share repurchases and liquidity. Notable risks include a headwind from lower favorable prior-year reserve development, a quarter-specific placement-rate impact from a client loan transfer, and some non-run-rate contributions to growth. Management emphasized durable, multi-year growth supported by technology and partnerships, while acknowledging a few near-term operational and reserve-related headwinds.Positive Updates
Record earnings and strong quarter-over-quarter growth
Second consecutive quarter of record earnings; Q2 adjusted EBITDA increased ~18% and adjusted EPS increased ~19% (both excluding reportable catastrophes). Through the first 6 months of 2026, adjusted EBITDA grew 12% and adjusted EPS grew 14% (excluding cats).
Negative Updates
Prior-year reserve development headwind
Management cited a headwind from lower favorable prior-year reserve development. The outlook accounts for overcoming $71 million of lower favorable prior-year reserve development; referenced reserve development amounts include $113M in 2025 and $42M in the first half of 2026. Q2 also included $12M of lower favorable prior period reserve development, which partially offset results.
Read all updates
Q2-2026 Updates
Positive
Negative
Record earnings and strong quarter-over-quarter growth
Second consecutive quarter of record earnings; Q2 adjusted EBITDA increased ~18% and adjusted EPS increased ~19% (both excluding reportable catastrophes). Through the first 6 months of 2026, adjusted EBITDA grew 12% and adjusted EPS grew 14% (excluding cats).
Read all positive updates
Company Guidance
Assurant raised its full‑year 2026 outlook, now expecting adjusted EBITDA and adjusted EPS to grow mid‑single digits, both excluding reportable catastrophes, while overcoming $71 million of lower favorable prior‑year reserve development (the company cited $113M in 2025 and $42M in H1‑2026); excluding prior‑year reserve development, management expects roughly 10% underlying growth in both adjusted EBITDA and adjusted EPS (ex‑cats). Segment guidance calls for Global Lifestyle to lead with low‑double‑digit growth, Global Auto to grow (driven by higher investment income, loss improvement and international partnerships), and Global Housing to deliver modest earnings growth (ex‑cats). Capital deployment was increased with share repurchases now expected toward the upper end of the $300–$350 million range; liquidity at quarter end was $911 million and year‑to‑date repurchases totaled $230 million.Assurant Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 13.46B | 12.81B | 11.88B | 11.13B | 10.19B | 10.19B |
| Gross Profit | 8.21B | 9.89B | 9.11B | 8.61B | 7.83B | 4.15B |
| EBITDA | 1.70B | 1.45B | 1.26B | 1.11B | 640.20M | 1.05B |
| Net Income | 1.06B | 872.70M | 760.20M | 642.50M | 276.60M | 1.36B |
Balance Sheet | ||||||
| Total Assets | 36.08B | 36.29B | 35.02B | 33.64B | 33.12B | 33.92B |
| Cash, Cash Equivalents and Short-Term Investments | 10.69B | 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 | 29.98B | 30.42B | 29.91B | 28.83B | 28.89B | 28.46B |
| Stockholders Equity | 6.10B | 5.87B | 5.11B | 4.81B | 4.23B | 5.46B |
Cash Flow | ||||||
| Free Cash Flow | 1.75B | 1.60B | 1.11B | 935.60M | 410.60M | 594.30M |
| Operating Cash Flow | 1.87B | 1.83B | 1.33B | 1.14B | 596.90M | 781.70M |
| Investing Cash Flow | -1.18B | -1.46B | -657.80M | -637.70M | -262.10M | 157.60M |
| Financing Cash Flow | -141.20M | -364.20M | -477.50M | -403.90M | -818.40M | -1.09B |
Assurant Technical Analysis
Positive
276.94
Price Trends
268.84
Positive
249.19
Positive
237.66
Positive
Market Momentum
6.10
Negative
69.29
Neutral
82.81
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 276.94 is below the 20-day moving average (MA) of 280.07, above the 50-day MA of 268.84, and above the 200-day MA of 237.66, indicating a bullish trend. The MACD of 6.10 indicates Negative momentum. The RSI at 69.29 is Neutral, neither overbought nor oversold. The STOCH value of 82.81 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 | $6.08B | 9.30 | 12.01% | 2.01% | 1.34% | 2.64% | |
81 Outperform | $6.16B | 9.36 | 13.90% | 2.02% | -1.88% | 4.83% | |
80 Outperform | $13.83B | 14.09 | 17.40% | 1.24% | 9.02% | 53.71% | |
75 Outperform | $13.89B | 18.29 | 9.85% | 3.96% | 13.76% | -30.60% | |
71 Outperform | $7.66B | 10.36 | 13.62% | 2.93% | 22.55% | 298.19% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
60 Neutral | $11.64B | 58.75 | 31.03% | 1.20% | 13.83% | 69.95% |
* Financial Sector Average
AIZ
Assurant
296.40
97.61
49.10%
FNF
Fidelity National Financial
52.54
-1.13
-2.10%
FAF
First American Financial
75.15
14.66
24.23%
MTG
MGIC Investment
30.26
4.38
16.94%
ESNT
Essent Group
65.51
9.73
17.45%
RYAN
Ryan Specialty Group
44.47
-14.39
-24.45%
Assurant Corporate Events
Business Operations and StrategyExecutive/Board ChangesShareholder Meetings
Assurant Shareholders Approve Amended Long-Term Equity Plan
Positive
May 22, 2026
On May 21, 2026, Assurant held its 2026 annual meeting of stockholders, where shareholders approved an amendment to the 2017 Long Term Equity Incentive Plan, increasing the share reserve by 480,000 common shares to support ongoing equity-based com...
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.