Assurant, Inc. provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific. It operates in two segments, Global Lifestyle and Global Housing. The Global Lifestyle segment offers mobile device solutions, and extended service contracts and related services for consumer electronics and appliances, and financial services and other insurance products; and vehicle protection, commercial equipment, and other related services. The Global Housing segment provides lender-placed homeowners, manufactured housing, and flood insurance; renters insurance and related products; and voluntary manufactured housing, and condominium and homeowners insurance products. The company was formerly known as Fortis, Inc. and changed its name to Assurant, Inc. in February 2004. Assurant, Inc. was founded in 1892 and is headquartered in Atlanta, Georgia.
Market Valuation | Analysts set price targets ranging from $186 to $200, reflecting Assurant's approach to historic valuation multiples and future growth potential |
Financial Outlook | Delve into Assurant's projected 3% earnings growth, a moderation from past performance as previous catalysts play out and new challenges emerge |
Segment Performance | Explore Assurant's mixed results across Lifestyle and Housing segments, with Connected Living growing 4% while Auto faces inflationary headwinds |
Insurance Powerhouse | Assurant, a $11.51B market cap insurance giant, boasts a perfect Piotroski Score of 9, indicating exceptional financial strength amid growth challenges |
Metrics to compare | AIZ | Sector Sector - Average of metrics from a broad group of related Financials sector companies | Relationship RelationshipAIZPeersSector | |
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P/E Ratio | 14.8x | 7.9x | 8.9x | |
PEG Ratio | −1.46 | 0.49 | 0.03 | |
Price / Book | 1.9x | 1.2x | 1.0x | |
Price / LTM Sales | 0.8x | 1.0x | 2.7x | |
Upside (Analyst Target) | 18.2% | 8.0% | 12.3% | |
Fair Value Upside | Unlock | 7.9% | 2.9% | Unlock |