Skip to main content

Assurant Inc. (AIZ) Stock

Assurant Inc. Stock Details, Movements and Public Alerts

Assurant Inc. (AIZ): The $9 Billion Insurance Innovator Dominating Mobile Device Protection

Under CEO Keith Demmings' leadership, Assurant Inc. has transformed from a traditional property and casualty insurer into a specialty insurance powerhouse focused on high-growth niche markets. The company's Assurant Mobile Protection program covers over 100 million devices across North America and Europe, partnering with wireless carriers like Verizon, AT&T, and T-Mobile. Beyond mobile, Assurant's Global Lifestyle division provides extended warranty programs for appliances and electronics, while its Global Housing segment serves mortgage lenders and renters. With a forward P/E of 10.8 and 1.45% dividend yield, Demmings has positioned Assurant as a defensive value play with growth exposure to the connected economy.

52-Week Range

$227.12 - $173.63

-8.37% from high · +19.86% from low

Avg Daily Volume

3,182

Latest volume

Fundamentals

Valuation Metrics

P/E Ratio (TTM)

15.79

Near market average

Forward P/E

10.80

Earnings expected to grow

PEG Ratio

1.46

Reasonably valued

Price to Book

1.98

EPS (TTM)

$13.72

Price to Sales

0.89

Beta

0.55

Less volatile than market

How is AIZ valued relative to its earnings and growth?
Assurant Inc. trades at a P/E ratio of 15.79, which is near the market average of approximately 20, suggesting the market views it as fairly valued relative to its earnings. Looking ahead, the forward P/E of 10.80 is lower than the current P/E, indicating analysts expect earnings to grow over the next year. The PEG ratio of 1.46 indicates reasonable value when growth is considered.
What is AIZ's risk profile compared to the market?
With a beta of 0.55, Assurant Inc. is less volatile than the overall market. This means when the market moves up or down by 10%, this stock typically moves less than 10% in the same direction. Lower beta stocks are often preferred by conservative investors seeking stability. The price-to-book ratio of 1.98 shows investors value the company above its book value, which often reflects intangible assets or growth prospects.

Performance & Growth

Profit Margin

5.83%

Operating Margin

10.00%

EBITDA

$1.22B

Return on Equity

13.70%

Return on Assets

1.78%

Revenue Growth (YoY)

8.00%

Earnings Growth (YoY)

27.40%

How profitable and efficient is AIZ's business model?
Assurant Inc. achieves a profit margin of 5.83%, meaning it retains $5.83 from every $100 in revenue after all expenses. This relatively low margin suggests the company operates in a competitive environment or high-cost industry where profitability is challenging. The operating margin of 10.00% reveals how efficiently the company runs its core business operations before interest and taxes. With ROE at 13.70% and ROA at 1.78%, the company achieves moderate returns on invested capital.
What are AIZ's recent growth trends?
Assurant Inc.'s revenue grew by 8.00% year-over-year, showing steady progress in growing the business. This positive trajectory indicates the company maintains competitive positioning in its markets. Earnings increased by 27.40% year-over-year, outpacing revenue growth through improved margins. These growth metrics should be evaluated against INSURANCE - PROPERTY & CASUALTY industry averages for proper context.

Dividend Information

Dividend Per Share

$3.12

Dividend Yield

1.45%

Ex-Dividend Date

Sep 2, 2025

Dividend Date

Sep 29, 2025

What dividend income can investors expect from AIZ?
Assurant Inc. offers a dividend yield of 1.45%, paying $3.12 per share annually. This modest yield below 2% suggests the company prioritizes growth investments over current income. While the dividend provides some return, investors are likely attracted more by capital appreciation potential than income generation. To receive the next dividend, shares must be purchased before the ex-dividend date of Sep 2, 2025.
How reliable is AIZ's dividend for long-term investors?
The dividend sustainability can be assessed through the payout ratio - Assurant Inc. pays $3.12 per share in dividends against earnings of $13.72 per share, resulting in a payout ratio of 22.74%. This conservative payout below 30% indicates excellent dividend safety with substantial room for future increases. The company retains most earnings for growth while still rewarding shareholders. The next dividend payment is scheduled for Sep 29, 2025.

Company Size & Market

Market Cap

$11.0B

Revenue (TTM)

$12.30B

Revenue/Share (TTM)

$238.57

Shares Outstanding

50.46M

Book Value/Share

$108.81

Asset Type

Common Stock

What is AIZ's market capitalization and position?
Assurant Inc. has a market capitalization of $11.0B, classifying it as a large-cap stock ($10B-$200B). Large-caps are typically industry leaders with established business models, offering a balance of stability and growth potential. They often provide dividend income and are core holdings in institutional portfolios. With 50.46M shares outstanding, the company's ownership is relatively concentrated. As a participant in the INSURANCE - PROPERTY & CASUALTY industry, it competes with other firms in this sector.
How does AIZ's price compare to its book value?
Assurant Inc.'s book value per share is $108.81, while the current stock price is $208.11, resulting in a price-to-book (P/B) ratio of 1.91. This reasonable premium to book value suggests the market values the company's earnings power and intangible assets appropriately. Most profitable companies trade between 1-3x book value. As a common stock, this represents equity ownership with voting rights.

Analyst Ratings

Analyst Target Price

$241.00

15.80% upside potential

Analyst Recommendations

Strong Buy

2

Buy

4

Hold

1

Sell

0

Strong Sell

0

How reliable are analyst predictions for AIZ?
7 analysts cover AIZ with 86% recommending buy/strong buy ratings. Analyst predictions have mixed reliability - studies show consensus rarely beats market returns consistently. The strong bullish consensus may already be priced in. The consensus target of $241.00 implies 15.8% upside, but targets are often adjusted to follow price moves rather than predict them.
What is the Wall Street consensus on AIZ?
Current analyst recommendations:2 Strong Buy, 4 Buy, 1 Hold, 00The bullish tilt suggests optimism about future prospects, though investors should conduct independent research.Remember that analyst opinions often lag price movements and can be influenced by investment banking relationships.

Fundamentals last updated: Oct 1, 2025, 05:52 AM

Active Alerts

No active alerts for this stock.

Be the first to set up an alert for AIZ and get notified when the price changes.

Assurant Inc. (AIZ) Stock Analysis 2025: Complete Investment Guide

The Hidden Insurance Giant Behind Your Smartphone Protection

When you purchase mobile device insurance through your wireless carrier, there's a strong chance Keith Demmings' company is the one actually providing that coverage. Assurant Inc. has quietly built a dominant position in specialty insurance markets that most consumers never think about—from the screen protection on your iPhone to the extended warranty on your washing machine to the renters insurance required by your landlord. In 2025, this strategic focus on niche, high-margin insurance products has created a $9 billion enterprise serving 300 million consumers across 21 countries.

Under Demmings' leadership since 2016, Assurant has systematically divested traditional life insurance and low-margin businesses to concentrate on specialty property and casualty lines with strong competitive positioning. The strategy has paid off: while traditional insurers battle commoditization, Assurant enjoys pricing power and customer stickiness in markets where it has built deep carrier and lender relationships over decades.

Business Model & Competitive Moat

Assurant operates through three primary business segments, each targeting specific specialty insurance niches where scale and partnerships create defensible advantages:

  • •Global Lifestyle (40% of revenue): Mobile device protection, extended warranties for consumer electronics and appliances, and vehicle service contracts. Distributed through wireless carriers, retailers, and auto manufacturers.
  • •Global Housing (35% of revenue): Lender-placed insurance (homeowners insurance when borrowers let coverage lapse), renters insurance, and manufactured housing coverage. Strong relationships with mortgage servicers and property management companies.
  • •Global Automotive (25% of revenue): Vehicle service contracts, roadside assistance, and automotive financing insurance. Partnerships with dealerships, lenders, and fleet operators.

The competitive moat stems from embedded distribution partnerships—Assurant doesn't compete in open markets but rather wins long-term contracts with carriers, lenders, and retailers who white-label Assurant products. Once integrated into a carrier's billing system or a lender's servicing platform, switching costs are high. The company also benefits from scale economies in claims processing and underwriting data accumulated from millions of policies.

Financial Performance

  • •Valuation Attractiveness: P/E of 15.79 and forward P/E of 10.8 suggest the market is pricing in modest growth expectations, creating potential upside if Assurant exceeds forecasts
  • •Dividend Sustainability: 1.45% yield with 18-year dividend growth track record, reflecting stable cash generation and shareholder-friendly capital allocation
  • •Revenue Stability: Recurring premium revenues create predictable cash flows with lower volatility than traditional property/casualty insurers exposed to catastrophic events
  • •Margin Profile: Specialty insurance focus delivers higher margins (typically 8-12% operating margins) versus commodity lines
  • •Capital Management: Active share repurchase program reducing share count by ~3% annually, boosting per-share earnings growth

The company's financial strength allows it to weather economic cycles while maintaining dividend payments and investing in growth initiatives like digital claims platforms and expansion into connected home insurance.

Growth Catalysts

  • •5G Device Upgrade Cycle: Continued smartphone upgrades to premium 5G devices increase attachment rates for protection plans and higher average premiums
  • •Connected Home Expansion: Partnerships with smart home device makers (Nest, Ring, ecobee) to offer bundled protection and monitoring services
  • •Renters Insurance Growth: Increasing property management requirements for renters insurance expand addressable market as homeownership rates remain depressed
  • •International Expansion: Opportunity to replicate U.S. mobile protection model in emerging markets where smartphone penetration is accelerating
  • •Digital Claims Processing: AI-powered claims automation reducing processing costs while improving customer experience and fraud detection

Risks & Challenges

  • •Carrier Relationship Concentration: Loss of major wireless carrier partnership (Verizon, AT&T, T-Mobile) would significantly impact revenues and margins
  • •Smartphone Market Saturation: Slowing device upgrade cycles as consumers hold phones longer reduces new policy sales and premium growth
  • •Regulatory Scrutiny: Lender-placed insurance faces ongoing regulatory pressure and margin compression from state insurance commissioners
  • •Technology Disruption: Manufacturers offering self-insurance programs or extended warranties directly could disintermediate Assurant
  • •Economic Sensitivity: Recession could pressure discretionary insurance purchases (device protection, extended warranties) as consumers cut expenses
  • •Claims Inflation: Rising repair and replacement costs for devices and appliances squeeze margins if not offset by premium increases

Competitive Landscape

Assurant competes in fragmented specialty insurance markets where competition varies by segment. In mobile device protection, key competitors include AppleCare+ (Apple's in-house offering), Samsung Care+, and smaller third-party providers like Servify and Brightstar. Assurant's advantage lies in carrier channel control—its partnerships with Verizon, AT&T, and T-Mobile provide direct access to millions of customers at point of sale.

In extended warranties and vehicle service contracts, Assurant faces competition from warranty administrators like Warrantech (Asurion), Allstate Protection Plans, and manufacturer-direct programs. The lender-placed insurance market is more concentrated, with major competitors including QBE Insurance and Rushmore Loan Management Services. Keith Demmings' strategy focuses on maintaining partnership depth rather than breadth—Assurant aims to be the preferred provider for a select group of large distribution partners rather than competing for every small account.

Who Is This Stock Suitable For?

Perfect For

  • ✓Dividend growth investors seeking stable income with low volatility
  • ✓Value investors attracted to forward P/E of 10.8 and margin of safety
  • ✓Conservative investors wanting insurance sector exposure without catastrophe risk
  • ✓Portfolio diversifiers seeking uncorrelated returns versus tech and financial sectors

Less Suitable For

  • ✗Growth investors seeking high revenue growth (Assurant targets mid-single-digit growth)
  • ✗Yield-focused investors requiring 3%+ dividends for income needs
  • ✗Momentum traders (low trading volume and modest volatility limit short-term opportunities)
  • ✗Investors concerned about carrier concentration risk and regulatory headwinds

Investment Thesis

Assurant Inc. represents a compelling defensive value play with modest growth potential trading at reasonable valuations. Keith Demmings has successfully repositioned the company away from commodity insurance markets into specialty niches with sustainable competitive advantages built on distribution partnerships and scale. The forward P/E of 10.8 suggests the market is pricing in limited growth expectations, creating upside potential if Assurant's connected home initiatives and international expansion accelerate.

The company's financial profile—stable revenues, consistent profitability, moderate dividend yield, and active buybacks—appeals to investors seeking portfolio stability and modest income. However, growth will likely remain in mid-single digits given smartphone market maturity and lender-placed insurance headwinds. The investment case rests on valuation support, defensive characteristics during economic uncertainty, and potential multiple expansion if growth initiatives exceed expectations. This is a core holding for conservative portfolios, not a high-growth compounder.

Conclusion

Conclusion

AIZ is a BUY for conservative investors seeking defensive value with dividend income. The forward P/E of 10.8 provides margin of safety, while specialty insurance positioning offers recession resilience. Position as a core holding with 3-5% portfolio weight. Not suitable for aggressive growth allocations, but serves well as ballast during market uncertainty. Current valuation offers reasonable entry point for patient capital.
Bull Case
$210 (20% upside) if connected home growth accelerates and carrier partnerships expand
Base Case
$185 (5-7% upside) reflecting mid-single-digit earnings growth and stable multiple
Bear Case
$155 (10% downside) if major carrier relationship lost or lender-placed insurance faces further regulatory pressure

Stay Ahead of the Market with Assurant Inc. Alerts

Set up price alerts for Assurant Inc. and get notified instantly when the price hits your target. Never miss an important price movement again.