Assurant (AIZ)
NYSE:AIZ
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Assurant
(NYSE:AIZ)
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Rating:72Outperform
Price Target:
$247.00
â–²(15.81% Upside)
Action:ReiteratedDate: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.
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.
Read all positive and negative factors
Positive Factors
Negative 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.
Read all positive factors
Assurant (AIZ) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$10.60B
Dividend Yield1.36%
Average Volume (3M)381.07K
Price to Earnings (P/E)13.9
Beta (1Y)0.62
Revenue Growth6.91%
EPS Growth17.60%
CountryUS
Employees14,200
SectorFinancial
Sector Strength70
IndustryInsurance - Specialty
Share Statistics
EPS (TTM)5.61
Shares Outstanding49,699,768
10 Day Avg. Volume370,389
30 Day Avg. Volume381,066
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 Cap1.04
Enterprise Value/Revenue0.86
Enterprise Value/Gross Profit1.12
Enterprise Value/Ebitda7.64
Forecast
1Y Price Target
$253.33Price Target Upside18.78% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)20.63
Revenue Forecast (FY)$13.63B
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 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 Lifestyl...
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:Feb 10, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 05, 2026
Earnings Call Sentiment Positive
The call conveyed predominantly positive momentum: strong multi‑year financial performance, robust growth in Global Housing and Connected Living, new partnerships, significant subscriber and policy growth, active capital returns, and a constructive 2026 outlook on an underlying basis. Key near‑term headwinds include the removal of a $113 million favorable prior‑year reserve development tailwind, planned corporate investments to build the home warranty business (~$15–$20 million in 2026), catastrophe exposure (estimated $180–$185 million CAT load), and a few one‑time charges. Overall, management expects to overcome the PYD and investments and to deliver mid‑to‑high single‑digit underlying growth in 2026, which supports a positive forward view despite these manageable risks.Positive Updates
Sustained Profitable Growth
Ninth consecutive year of profitable growth; 2025 delivered double-digit growth: adjusted EBITDA +11% and adjusted EPS +12% excluding catastrophes, and adjusted EBITDA and adjusted EPS grew in a 16%–19% range including catastrophes.
Negative Updates
Prior-Year Reserve Development Tailwind
2025 included $113 million of favorable prior‑year reserve development (PYD); 2026 guidance excludes PYD, requiring the company to overcome this $113 million tailwind (management expects to generate >$130 million EBITDA growth to offset PYD and investments).
Read all updates
Q4-2025 Updates
Positive
Negative
Sustained Profitable Growth
Ninth consecutive year of profitable growth; 2025 delivered double-digit growth: adjusted EBITDA +11% and adjusted EPS +12% excluding catastrophes, and adjusted EBITDA and adjusted EPS grew in a 16%–19% range including catastrophes.
Read all positive updates
Company Guidance
Assurant expects 2026 adjusted EBITDA and adjusted EPS to be roughly consistent with 2025 on an excluding‑CATs basis (2025 included $113M of favorable prior‑year reserve development); excluding that PYD, management forecasts mid‑ to high‑single‑digit growth in both adjusted EBITDA and EPS excluding CATS and plans to generate >$130M of EBITDA growth to overcome the $113M PYD plus incremental Assurant Home Warranty investment (~$15–$20M). Global Lifestyle is expected to lead with high‑single‑digit earnings growth, Global Housing to deliver solid underlying growth with low‑ to mid‑80s combined ratios, the annual CAT load assumption is $180–185M, Corporate EBITDA loss is expected to be about $140M (including home‑warranty spend), year‑end liquidity was $887M, and capital return plans include $250–350M of share repurchases in 2026 (up from $200–300M) after $300M repurchased in 2025 (+$30M through Feb. 6) and a recently raised dividend (10% increase in Nov.).Assurant Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
81
Very Positive
| 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 | 4.55B | 9.26B | 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
Negative
213.28
Price Trends
226.33
Negative
227.61
Negative
215.18
Negative
Market Momentum
-3.22
Negative
39.31
Neutral
34.80
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For AIZ, the sentiment is Negative. The current price of 213.28 is below the 20-day moving average (MA) of 219.86, below the 50-day MA of 226.33, and below the 200-day MA of 215.18, indicating a bearish trend. The MACD of -3.22 indicates Negative momentum. The RSI at 39.31 is Neutral, neither overbought nor oversold. The STOCH value of 34.80 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
76 Outperform | $5.46B | 9.33 | 12.35% | 1.88% | 2.78% | -0.50% | |
72 Outperform | $10.60B | 13.93 | 15.61% | 1.36% | 6.91% | 17.60% | |
68 Neutral | $5.53B | 8.93 | 14.33% | 1.89% | 2.20% | 9.90% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | $5.96B | 10.21 | 11.87% | 3.58% | 25.99% | 426.44% | |
57 Neutral | $8.39B | 103.64 | 10.43% | 0.93% | 22.77% | -34.97% | |
54 Neutral | $12.39B | -31.49 | 7.63% | 3.69% | 3.91% | 55.78% |
* Financial Sector Average
AIZ
Assurant
213.28
6.77
3.28%
FNF
Fidelity National Financial
45.68
-14.73
-24.38%
FAF
First American Financial
58.47
-4.92
-7.77%
MTG
MGIC Investment
25.72
1.47
6.06%
ESNT
Essent Group
57.74
1.24
2.19%
RYAN
Ryan Specialty Group
31.74
-41.46
-56.64%
Assurant Corporate Events
Executive/Board Changes
Assurant appoints Lynn Blake to board of directors
Positive
Jan 28, 2026
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 Co...
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.