Logo

AIZ

Assurant, Inc.

AIZ

Assurant, Inc. • NYSE
$228.16 ▼ -0.16% (-0.36)
Market Cap $11.43 B
52w High $232.02
52w Low $174.97
Dividend Yield 3.52%
P/E 13.91
Volume 127.69K
Outstanding Shares 50.08M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $3.232B ▲ $2.191B ▲ $265.6M ▲ 8.219% ▲ $5.22 ▲ $421.4M ▲
Q2-2025 $3.158B ▲ $2.148B ▲ $235.3M ▲ 7.45% ▲ $4.6 ▲ $374.7M ▲
Q1-2025 $3.074B ▼ $2.111B ▼ $146.6M ▼ 4.769% ▼ $2.86 ▼ $267.2M ▼
Q4-2024 $3.105B ▲ $2.184B ▲ $201.3M ▲ 6.484% ▲ $3.89 ▲ $340.7M ▲
Q3-2024 $2.968B $2.039B $133.8M 4.509% $2.56 $236.7M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $0 ▼ $35.782B ▲ $30.024B ▼ $5.758B ▲
Q2-2025 $9.559B ▲ $35.526B ▲ $30.027B ▲ $5.498B ▲
Q1-2025 $4.124B ▼ $34.988B ▼ $29.754B ▼ $5.234B ▲
Q4-2024 $4.187B ▼ $35.021B ▼ $29.914B ▼ $5.107B ▼
Q3-2024 $4.26B $35.332B $30.077B $5.255B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $265.6M ▲ $505M ▲ $-269.5M ▲ $-5M ▲ $225.8M ▲ $442.1M ▲
Q2-2025 $235.3M ▲ $265.5M ▼ $-362.9M ▲ $-104.3M ▲ $-182.9M ▼ $205.6M ▼
Q1-2025 $146.6M ▼ $392.4M ▲ $-421.6M ▼ $-118.7M ▲ $-138.1M ▼ $339M ▲
Q4-2024 $201.3M ▲ $102.8M ▼ $71M ▲ $-159.7M ▼ $-5.7M ▼ $34.8M ▼
Q3-2024 $133.8M $436.5M $-207.2M $-140.8M $100.3M $542.7M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Global Housing
Global Housing
 $2.53Bn ▲$690.00M ▼$730.00M ▲$740.00M ▲
Global Lifestyle
Global Lifestyle
 $8.60Bn ▲$2.39Bn ▼$2.44Bn ▲$2.50Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Assurant’s income statement shows a steady build in revenue over the past several years, with a noticeable rebound in profitability after a softer patch in 2022. Operating profits and net profits have both improved more recently, suggesting the business has been able to pass through higher costs and benefit from mix and pricing in its specialty lines. Earnings per share have trended upward over the period, helped by both better margins and capital management. The main watchpoint is that results have been somewhat uneven year to year, which is typical for insurance but still a reminder that shocks, catastrophes, or weaker partner volumes can dent profitability in any single year.

Balance Sheet

Balance Sheet The balance sheet looks generally solid and fairly conservative for an insurer. Total assets have stabilized after a step-down a few years ago, which likely reflects portfolio repositioning or divestments rather than stress. Debt levels have stayed quite steady, not creeping up in a worrying way, while shareholder equity has been slowly rebuilding, indicating retained earnings and a stronger capital base over time. Cash on hand is healthy but not excessive, which is consistent with a company that relies on large, diversified investment portfolios rather than cash piles. Overall, leverage appears controlled, but as always with insurers, asset quality and reserving assumptions remain key underlying risks that are not obvious from headline figures alone.

Cash Flow

Cash Flow Cash generation is a relative strength. Operating cash flow has consistently been positive and has broadly tracked the improvement in earnings, which suggests profits are backed by real cash and not just accounting. Free cash flow has remained solid even after investment spending, supported by a capital-light model where ongoing capital expenditures are modest. This pattern gives Assurant flexibility to fund dividends, buybacks, and bolt-on deals without stretching the balance sheet. The main risk is that insurance cash flows can swing if claims spike or investment income weakens, but recent years point to a disciplined approach to cash management.

Competitive Edge

Competitive Edge Assurant occupies attractive niches in specialty insurance, especially in mobile device protection, extended warranties, and housing-related coverage. Its embedded, business-to-business-to-consumer model—offering products through large partners at the point of sale—is a major advantage. Deep, long-standing partnerships with mobile carriers, retailers, auto dealers, and financial institutions create high switching costs and recurring revenue streams. The business is also diversified across lifestyle and housing segments and spread across many countries, which reduces dependence on any single product or region. Key vulnerabilities include reliance on a relatively small set of large partners, exposure to consumer electronics and auto demand cycles, and the possibility that big tech or other insurers seek to internalize or copy parts of its model.

Innovation and R&D

Innovation and R&D Innovation is a clear pillar of Assurant’s strategy. The company leans heavily on data, artificial intelligence, and automation to detect fraud, speed up claims, and personalize offers. Its sizable and growing patent portfolio signals a deliberate push to protect proprietary methods, especially in device testing, data analytics, and digital platforms. Recent moves into automated mobile device diagnostics, connected-home support services, and more advanced vehicle protection (including electric and high-tech systems) show it is trying to stay ahead of shifts in how people live, travel, and use technology. The opportunity is to deepen its role in the connected-device and Internet-of-Things ecosystem; the risk is execution—ensuring these investments translate into durable margins while managing regulatory scrutiny around AI, data privacy, and consumer fairness.

Summary

Assurant combines a niche-focused insurance model with improving profitability, a resilient balance sheet, and consistently strong cash generation. Its core moat rests on embedded distribution through powerful partners, recurring revenue products, and specialized expertise in mobile, housing, and vehicle protection. At the same time, management is leaning into technology and digital tools to strengthen efficiency and customer experience, supported by a meaningful patent base and a track record of targeted acquisitions. Investors following the company will likely focus on three things: how well it sustains margin gains in a volatile insurance environment; how successfully it expands in connected devices and advanced automotive protection; and how stable its key partner relationships remain as consumer behavior, technology, and regulation continue to evolve.

NEWS

November 13, 2025 · 4:15 PM UTC

Assurant Board of Directors Authorizes $700 Million Share Repurchase Program and Approves Common Stock Dividend Increase of 10%

Read more

November 10, 2025 · 8:15 AM UTC

Assurant Honors California Veteran Josh Lopez with Mobility-Modified 2025 Chevrolet Suburban SUV

Read more

November 4, 2025 · 4:28 PM UTC

Assurant Reports Strong Third Quarter 2025 Financial Results and Increases Full Year Outlook

Read more

October 9, 2025 · 8:00 AM UTC

Assurant Expands Automation Capabilities Through Strategic Acquisition of OptoFidelity's Mobile Device Testing Solutions

Read more

October 8, 2025 · 4:15 PM UTC

Assurant Recognized on Forbes World's Best Employers 2025

Read more