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ASSURANT INC (AIZ) Stock Fundamental Analysis

NYSE:AIZ - New York Stock Exchange, Inc. - US04621X1081 - Common Stock - Currency: USD

214.82  +2.62 (+1.23%)

After market: 214.82 0 (0%)

Fundamental Rating

5

AIZ gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 144 industry peers in the Insurance industry. While AIZ is still in line with the averages on profitability rating, there are concerns on its financial health. AIZ is not valued too expensively and it also shows a decent growth rate.


Dividend Valuation Growth Profitability Health

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6

1. Profitability

1.1 Basic Checks

AIZ had positive earnings in the past year.
In the past year AIZ had a positive cash flow from operations.
Each year in the past 5 years AIZ has been profitable.
Each year in the past 5 years AIZ had a positive operating cash flow.
AIZ Yearly Net Income VS EBIT VS OCF VS FCFAIZ Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 500M 1B

1.2 Ratios

AIZ has a Return On Assets of 2.10%. This is comparable to the rest of the industry: AIZ outperforms 47.89% of its industry peers.
AIZ has a better Return On Equity (14.11%) than 61.97% of its industry peers.
AIZ's Return On Invested Capital of 2.85% is fine compared to the rest of the industry. AIZ outperforms 61.97% of its industry peers.
AIZ had an Average Return On Invested Capital over the past 3 years of 2.16%. This is below the industry average of 4.59%.
The last Return On Invested Capital (2.85%) for AIZ is above the 3 year average (2.16%), which is a sign of increasing profitability.
Industry RankSector Rank
ROA 2.1%
ROE 14.11%
ROIC 2.85%
ROA(3y)2.25%
ROA(5y)1.7%
ROE(3y)14.91%
ROE(5y)11.65%
ROIC(3y)2.16%
ROIC(5y)1.88%
AIZ Yearly ROA, ROE, ROICAIZ Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 5 10 15 20

1.3 Margins

AIZ has a Profit Margin (6.31%) which is comparable to the rest of the industry.
In the last couple of years the Profit Margin of AIZ has grown nicely.
AIZ has a Operating Margin of 8.87%. This is comparable to the rest of the industry: AIZ outperforms 46.48% of its industry peers.
AIZ's Operating Margin has improved in the last couple of years.
Industry RankSector Rank
OM 8.87%
PM (TTM) 6.31%
GM N/A
OM growth 3Y5.56%
OM growth 5Y9.17%
PM growth 3Y9.5%
PM growth 5Y14.44%
GM growth 3YN/A
GM growth 5YN/A
AIZ Yearly Profit, Operating, Gross MarginsAIZ Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2 4 6 8 10

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3

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so AIZ is destroying value.
AIZ has less shares outstanding than it did 1 year ago.
Compared to 5 years ago, AIZ has less shares outstanding
AIZ has a better debt/assets ratio than last year.
AIZ Yearly Shares OutstandingAIZ Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 20M 40M 60M
AIZ Yearly Total Debt VS Total AssetsAIZ Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 10B 20B 30B 40B

2.2 Solvency

The Debt to FCF ratio of AIZ is 1.50, which is an excellent value as it means it would take AIZ, only 1.50 years of fcf income to pay off all of its debts.
The Debt to FCF ratio of AIZ (1.50) is comparable to the rest of the industry.
AIZ has a Debt/Equity ratio of 0.40. This is a healthy value indicating a solid balance between debt and equity.
AIZ's Debt to Equity ratio of 0.40 is on the low side compared to the rest of the industry. AIZ is outperformed by 60.56% of its industry peers.
Even though the debt/equity ratio score it not favorable for AIZ, it has very limited outstanding debt, so we won't put too much weight on the DE evaluation.
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 1.5
Altman-Z N/A
ROIC/WACC0.34
WACC8.33%
AIZ Yearly LT Debt VS Equity VS FCFAIZ Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 1B 2B 3B 4B 5B

2.3 Liquidity

Industry RankSector Rank
Current Ratio N/A
Quick Ratio N/A
AIZ Yearly Current Assets VS Current LiabilitesAIZ Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2B 4B 6B

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4

3. Growth

3.1 Past

AIZ shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 16.10%, which is quite good.
AIZ shows a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 21.08% yearly.
AIZ shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 8.72%.
AIZ shows a small growth in Revenue. Measured over the last years, the Revenue has been growing by 6.68% yearly.
EPS 1Y (TTM)16.1%
EPS 3Y21.63%
EPS 5Y21.08%
EPS Q2Q%-30.07%
Revenue 1Y (TTM)8.72%
Revenue growth 3Y5.07%
Revenue growth 5Y6.68%
Sales Q2Q%6.98%

3.2 Future

The Earnings Per Share is expected to grow by 7.57% on average over the next years.
The Revenue is expected to grow by 4.92% on average over the next years.
EPS Next Y3.3%
EPS Next 2Y7.95%
EPS Next 3Y7.57%
EPS Next 5YN/A
Revenue Next Year8.55%
Revenue Next 2Y6.28%
Revenue Next 3Y4.92%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is decreasing: in the next years the growth will be less than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
AIZ Yearly Revenue VS EstimatesAIZ Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2B 4B 6B 8B 10B
AIZ Yearly EPS VS EstimatesAIZ Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 5 10 15

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5

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 13.07, AIZ is valued correctly.
The rest of the industry has a similar Price/Earnings ratio as AIZ.
AIZ is valuated cheaply when we compare the Price/Earnings ratio to 28.58, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 11.89, the valuation of AIZ can be described as very reasonable.
AIZ's Price/Forward Earnings ratio is in line with the industry average.
Compared to an average S&P500 Price/Forward Earnings ratio of 95.03, AIZ is valued rather cheaply.
Industry RankSector Rank
PE 13.07
Fwd PE 11.89
AIZ Price Earnings VS Forward Price EarningsAIZ Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, AIZ is valued a bit cheaper than the industry average as 63.38% of the companies are valued more expensively.
The rest of the industry has a similar Price/Free Cash Flow ratio as AIZ.
Industry RankSector Rank
P/FCF 7.96
EV/EBITDA 8.87
AIZ Per share dataAIZ EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 50 100 150 200

4.3 Compensation for Growth

The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
AIZ has a very decent profitability rating, which may justify a higher PE ratio.
PEG (NY)3.96
PEG (5Y)0.62
EPS Next 2Y7.95%
EPS Next 3Y7.57%

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5

5. Dividend

5.1 Amount

With a Yearly Dividend Yield of 1.46%, AIZ has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.14, AIZ has a dividend in line with its industry peers.
Compared to the average S&P500 Dividend Yield of 2.28, AIZ is paying slightly less dividend.
Industry RankSector Rank
Dividend Yield 1.46%

5.2 History

The dividend of AIZ has a limited annual growth rate of 2.25%.
AIZ has been paying a dividend for at least 10 years, so it has a reliable track record.
AIZ has not decreased its dividend in the past 5 years, so it has a somewhat stable track record.
Dividend Growth(5Y)2.25%
Div Incr Years9
Div Non Decr Years9
AIZ Yearly Dividends per shareAIZ Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.5 1 1.5 2 2.5

5.3 Sustainability

AIZ pays out 20.68% of its income as dividend. This is a sustainable payout ratio.
The dividend of AIZ is growing, but earnings are growing more, so the dividend growth is sustainable.
DP20.68%
EPS Next 2Y7.95%
EPS Next 3Y7.57%
AIZ Yearly Income VS Free CF VS DividendAIZ Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 200M 400M 600M 800M 1B
AIZ Dividend Payout.AIZ Dividend Payout, showing the Payout Ratio.AIZ Dividend Payout.PayoutRetained Earnings

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ASSURANT INC

NYSE:AIZ (2/5/2025, 8:04:00 PM)

After market: 214.82 0 (0%)

214.82

+2.62 (+1.23%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupInsurance
GICS IndustryInsurance
Earnings (Last)11-05 2024-11-05/amc
Earnings (Next)02-11 2025-02-11/amc
Inst Owners97.81%
Inst Owner Change-0.83%
Ins Owners0.52%
Ins Owner Change-0.35%
Market Cap11.02B
Analysts75
Price Target232.56 (8.26%)
Short Float %1.67%
Short Ratio2.32
Dividend
Industry RankSector Rank
Dividend Yield 1.46%
Yearly Dividend2.9
Dividend Growth(5Y)2.25%
DP20.68%
Div Incr Years9
Div Non Decr Years9
Ex-Date02-03 2025-02-03 (0.8)
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)14.7%
Min EPS beat(2)11.59%
Max EPS beat(2)17.8%
EPS beat(4)4
Avg EPS beat(4)18.35%
Min EPS beat(4)11.59%
Max EPS beat(4)22.16%
EPS beat(8)8
Avg EPS beat(8)27.94%
EPS beat(12)10
Avg EPS beat(12)19.69%
EPS beat(16)12
Avg EPS beat(16)16.76%
Revenue beat(2)1
Avg Revenue beat(2)0.03%
Min Revenue beat(2)-0.04%
Max Revenue beat(2)0.1%
Revenue beat(4)3
Avg Revenue beat(4)1.52%
Min Revenue beat(4)-0.04%
Max Revenue beat(4)5.37%
Revenue beat(8)7
Avg Revenue beat(8)1.45%
Revenue beat(12)7
Avg Revenue beat(12)-0.33%
Revenue beat(16)9
Avg Revenue beat(16)-0.22%
PT rev (1m)-2.23%
PT rev (3m)4.2%
EPS NQ rev (1m)16.42%
EPS NQ rev (3m)-4.97%
EPS NY rev (1m)3.67%
EPS NY rev (3m)12.72%
Revenue NQ rev (1m)-0.03%
Revenue NQ rev (3m)2.06%
Revenue NY rev (1m)-0.02%
Revenue NY rev (3m)1.1%
Valuation
Industry RankSector Rank
PE 13.07
Fwd PE 11.89
P/S 0.94
P/FCF 7.96
P/OCF 6.92
P/B 2.1
P/tB 5.29
EV/EBITDA 8.87
EPS(TTM)16.44
EY7.65%
EPS(NY)18.07
Fwd EY8.41%
FCF(TTM)27
FCFY12.57%
OCF(TTM)31.05
OCFY14.45%
SpS229.2
BVpS102.46
TBVpS40.64
PEG (NY)3.96
PEG (5Y)0.62
Profitability
Industry RankSector Rank
ROA 2.1%
ROE 14.11%
ROCE 3.59%
ROIC 2.85%
ROICexc 3.04%
ROICexgc 5.42%
OM 8.87%
PM (TTM) 6.31%
GM N/A
FCFM 11.78%
ROA(3y)2.25%
ROA(5y)1.7%
ROE(3y)14.91%
ROE(5y)11.65%
ROIC(3y)2.16%
ROIC(5y)1.88%
ROICexc(3y)2.31%
ROICexc(5y)1.99%
ROICexgc(3y)3.93%
ROICexgc(5y)3.51%
ROCE(3y)2.72%
ROCE(5y)2.36%
ROICexcg growth 3Y18.11%
ROICexcg growth 5Y18.01%
ROICexc growth 3Y22.75%
ROICexc growth 5Y22.59%
OM growth 3Y5.56%
OM growth 5Y9.17%
PM growth 3Y9.5%
PM growth 5Y14.44%
GM growth 3YN/A
GM growth 5YN/A
F-Score9
Asset Turnover0.33
Health
Industry RankSector Rank
Debt/Equity 0.4
Debt/FCF 1.5
Debt/EBITDA 1.66
Cap/Depr 96.65%
Cap/Sales 1.77%
Interest Coverage 250
Cash Conversion 126.64%
Profit Quality 186.8%
Current Ratio N/A
Quick Ratio N/A
Altman-Z N/A
F-Score9
WACC8.33%
ROIC/WACC0.34
Cap/Depr(3y)104.89%
Cap/Depr(5y)97.27%
Cap/Sales(3y)1.83%
Cap/Sales(5y)1.58%
Profit Quality(3y)112.55%
Profit Quality(5y)196.99%
High Growth Momentum
Growth
EPS 1Y (TTM)16.1%
EPS 3Y21.63%
EPS 5Y21.08%
EPS Q2Q%-30.07%
EPS Next Y3.3%
EPS Next 2Y7.95%
EPS Next 3Y7.57%
EPS Next 5YN/A
Revenue 1Y (TTM)8.72%
Revenue growth 3Y5.07%
Revenue growth 5Y6.68%
Sales Q2Q%6.98%
Revenue Next Year8.55%
Revenue Next 2Y6.28%
Revenue Next 3Y4.92%
Revenue Next 5YN/A
EBIT growth 1Y29.56%
EBIT growth 3Y10.91%
EBIT growth 5Y16.45%
EBIT Next Year21.03%
EBIT Next 3Y12.92%
EBIT Next 5YN/A
FCF growth 1Y260.18%
FCF growth 3Y-8.49%
FCF growth 5Y10.27%
OCF growth 1Y177.2%
OCF growth 3Y-5.35%
OCF growth 5Y11.63%