Assurant, Inc. - Understand $aiz stock

$AIZ Market Cap: $11.51 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$11.76B

TTM

Gross Margin

76.13%

TTM

Net Earnings

$741.4M

TTM

Current Assets

Current Liabilities

$6.321B

Q3 2024

Current Ratio

Total Assets

$35.33B

Q3 2024

Total Liabilities

$30.08B

Q3 2024

Book Value

$5.255B

Q3 2024

Cash

$1.813B

Q3 2024

P/E

15.52

Nov 29, 2024 EST

Free Cash Flow

$1.385B

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Revenue	$11.13B	$10.19B	$10.19B	$9.596B	$9.569B	$8.058B	$6.415B	$7.532B	$10.33B	$10.38B	$9.048B	$8.508B	$8.273B	$8.528B	$8.701B	$8.601B	$8.454B	$8.071B	$7.498B	$7.411B	$7.076B	$6.532B	$6.187B
YoY Change	9.21%	0.05%	6.17%	0.28%	18.76%	25.61%	-14.83%	-27.06%	-0.54%	14.74%	6.34%	2.84%	-2.99%	-1.99%	1.16%	1.74%	4.75%	7.64%	1.17%	4.73%	8.33%	5.58%	-0.4%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Revenue	$11.13B	$10.19B	$10.19B	$9.596B	$9.569B	$8.058B	$6.415B	$7.532B	$10.33B	$10.38B	$9.048B	$8.508B	$8.273B	$8.528B	$8.701B	$8.601B	$8.454B	$8.071B	$7.498B	$7.411B	$7.076B	$6.532B	$6.187B
Cost Of Revenue	$2.522B	$2.360B	$2.196B	$2.265B	$2.386B	$2.343B	$1.871B	$1.809B	$4.743B	$4.405B	$3.676B	$3.655B
Gross Profit	$8.610B	$7.833B	$7.992B	$7.331B	$7.183B	$5.715B	$4.544B	$5.723B	$5.583B	$5.976B	$5.372B	$4.853B
Gross Profit Margin	77.35%	76.85%	78.45%	76.4%	75.07%	70.93%	70.84%	75.99%	54.07%	57.57%	59.38%	57.04%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Selling, General & Admin	$7.695B	$7.366B	$3.241B	$3.048B	$3.187B	$2.980B	$2.710B	$3.443B	$3.924B	$3.688B	$3.034B	$2.632B	$2.429B	$2.517B	$2.512B	$2.434B	$2.184B	$2.143B	$2.146B	$2.156B	$2.004B	$1.876B	$1.620B
YoY Change	4.46%	127.31%	6.32%	-4.35%	6.92%	9.96%	-21.27%	-12.27%	6.4%	21.55%	15.31%	8.34%	-3.5%	0.2%	3.2%	11.45%	1.91%	-0.14%	-0.46%	7.58%	6.82%	15.8%	-10.05%
% of Gross Profit	89.38%	94.04%	40.55%	41.58%	44.36%	52.15%	59.64%	60.15%	70.29%	61.71%	56.48%	54.23%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$109.3M	$182.0M	$73.80M	$56.10M	$51.80M	$39.00M	$34.20M	$41.70M	$47.40M	$47.67M	$50.65M	$49.60M	$129.4M	$126.6M	$113.8M	$91.60M	$94.30M	$93.30M	$83.20M	$60.80M	$48.10M	$46.90M	$156.9M
YoY Change	-39.95%	146.61%	31.55%	8.3%	32.82%	14.04%	-17.99%	-12.03%	-0.57%	-5.89%	2.13%	-61.67%	2.21%	11.25%	24.24%	-2.86%	1.07%	12.14%	36.84%	26.4%	2.56%	-70.11%	-6.99%
% of Gross Profit	1.27%	2.32%	0.92%	0.77%	0.72%	0.68%	0.75%	0.73%	0.85%	0.8%	0.94%	1.02%
Operating Expenses	$10.22B	$9.726B	$3.241B	$3.048B	$3.187B	$2.980B	$2.710B	$3.443B	$3.924B	$3.688B	$3.034B	$2.632B	$7.506B	$7.555B	$7.843B	$7.977B	$7.381B	$6.914B	$6.781B	$6.816B	$6.703B	$6.044B	$5.849B
YoY Change	5.05%	200.13%	6.32%	-4.35%	6.92%	9.96%	-21.27%	-12.27%	6.4%	21.55%	15.31%	-64.94%	-0.65%	-3.67%	-1.68%	8.07%	6.75%	1.96%	-0.51%	1.69%	10.9%	3.33%	-0.58%
Operating Profit	-$1.607B	-$1.893B	$4.751B	$4.283B	$3.997B	$2.735B	$1.834B	$2.281B	$1.659B	$2.288B	$2.338B	$2.221B
YoY Change	-15.1%	-139.84%	10.94%	7.15%	46.16%	49.11%	-19.58%	37.47%	-27.5%	-2.12%	5.24%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Interest Expense	-$108.0M	$108.3M	$111.8M	$104.5M	$110.6M	$100.3M	$49.50M	$57.60M	$55.10M	$58.40M	$77.74M	$60.31M	-$60.00M	-$61.00M	-$61.00M	-$61.00M	-$61.00M	-$61.00M	-$61.00M	-$58.00M	-$114.0M	-$118.0M	-$132.0M
YoY Change	-199.72%	-3.13%	6.99%	-5.52%	10.27%	102.63%	-14.06%	4.54%	-5.64%	-24.88%	28.9%	-200.51%	-1.64%	0.0%	0.0%	0.0%	0.0%	0.0%	5.17%	-49.12%	-3.39%	-10.61%	-2.22%
% of Operating Profit			2.35%	2.44%	2.77%	3.67%	2.7%	2.53%	3.32%	2.55%	3.33%	2.71%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Pretax Income	$806.8M	$349.9M	$783.0M	$580.8M	$454.7M	$333.5M	$444.5M	$848.6M	$201.2M	$744.1M	$789.7M	$757.8M	$706.0M	$607.0M	$714.0M	$564.0M	$1.011B	$1.096B	$656.0M	$536.0M	$259.0M	$370.0M	$206.0M
YoY Change	130.58%	-55.31%	34.81%	27.73%	36.34%	-24.97%	-47.62%	321.77%	-72.96%	-5.77%	4.22%	7.33%	16.31%	-14.99%	26.6%	-44.21%	-7.76%	67.07%	22.39%	106.95%	-30.0%	79.61%	6.19%
Income Tax	$164.3M	$73.30M	$169.5M	$60.40M	$148.3M	$80.90M	-$75.10M	$283.2M	$59.60M	$273.2M	$300.8M	$274.0M	$167.0M	$328.0M	$281.0M	$116.0M	$357.0M	$380.0M	$176.0M	$185.0M	$74.00M	$111.0M	$108.0M
% Of Pretax Income	20.36%	20.95%	21.65%	10.4%	32.61%	24.26%	-16.9%	33.37%	29.62%	36.72%	38.09%	36.17%	23.65%	54.04%	39.36%	20.57%	35.31%	34.67%	26.83%	34.51%	28.57%	30.0%	52.43%
Net Earnings	$642.5M	$276.6M	$1.372B	$441.8M	$382.6M	$251.0M	$519.6M	$565.4M	$141.6M	$470.9M	$488.9M	$483.7M	$539.0M	$279.0M	$433.0M	$447.0M	$654.0M	$717.0M	$479.0M	$351.0M	$186.0M	-$1.001B	$98.00M
YoY Change	132.28%	-79.85%	210.64%	15.47%	52.43%	-51.69%	-8.1%	299.29%	-69.93%	-3.68%	1.08%	-10.26%	93.19%	-35.57%	-3.13%	-31.65%	-8.79%	49.69%	36.47%	88.71%	-118.58%	-1121.43%	8.89%
Net Earnings / Revenue	5.77%	2.71%	13.47%	4.6%	4.0%	3.12%	8.1%	7.51%	1.37%	4.54%	5.4%	5.69%	6.52%	3.27%	4.98%	5.2%	7.74%	8.88%	6.39%	4.74%	2.63%	-15.32%	1.58%
Basic Earnings Per Share	$12.02	$5.09	$23.13	$7.04	$5.87	$4.00	$9.45	$9.23	$2.08	$6.52	$6.38	$5.74			$3.65	$3.79	$5.45
Diluted Earnings Per Share	$11.95	$5.05	$22.83	$6.99	$5.84	$3.98	$9.39	$9.13	$2.05	$6.44	$6.30	$5.67	$5.500M	$2.514M	$3.63	$3.76	$5.38	$5.558M	$3.496M	$2.543M	$1.310M	-$7.049M	$690.1K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001
Cash & Short-Term Investments
YoY Change
Cash & Equivalents	$1.627B	$1.537B	$2.041B	$2.229B	$1.867B	$1.254B	$997.0M	$1.032B	$1.288B	$1.319B	$1.717B	$909.0M	$1.167B	$1.151B	$1.319B	$1.041B	$805.0M	$988.0M	$856.0M	$807.0M	$958.0M	$611.0M	$559.0M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets												$176.0M	$128.0M			$44.00M	$26.00M		$4.000M		$26.00M
YoY Change												37.5%				69.23%
Property, Plant & Equipment	$708.8M	$674.7M	$561.4M	$560.0M	$503.0M	$393.0M	$348.0M	$344.0M	$298.0M	$278.0M	$254.0M	$251.0M	$243.0M	$267.0M	$275.0M	$279.0M	$276.0M	$275.0M	$268.0M	$277.0M	$284.0M	$251.0M	$233.0M
YoY Change	5.05%	20.18%	0.25%	11.33%	27.99%	12.93%	1.16%	15.44%	7.19%	9.45%	1.2%	3.29%	-8.99%	-2.91%	-1.43%	1.09%	0.36%	2.61%	-3.25%	-2.46%	13.15%	7.73%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$8.221B	$9.061B	$8.672B	$15.68B	$16.59B	$15.09B	$12.30B	$11.44B	$12.95B	$14.08B	$14.19B	$14.92B	$13.97B	$13.46B	$13.10B	$12.01B	$13.69B	$12.37B	$12.46B	$12.08B	$11.28B	$10.02B	$9.532B
YoY Change	-9.27%	4.49%	-44.69%	-5.47%	9.93%	22.67%	7.51%	-11.66%	-8.04%	-0.77%	-4.9%	6.81%	3.77%	2.77%	9.09%	-12.28%	10.67%	-0.68%	3.08%	7.16%	12.59%	5.07%
Other Assets		$0.00	$1.077B									$0.00	$44.00M	$76.00M	$167.0M	$449.0M	$0.00				$60.00M	$168.0M	$336.0M
YoY Change		-100.0%										-100.0%	-42.11%	-54.49%	-62.81%						-64.29%	-50.0%
Total Long-Term Assets												$28.77B	$26.89B			$24.47B	$26.72B		$25.36B		$24.03B
YoY Change												6.99%				-8.43%
Total Assets	$33.64B	$33.12B	$33.92B	$44.65B	$44.29B	$41.09B	$31.84B	$29.71B	$30.04B	$31.56B	$29.72B	$28.95B	$27.02B	$26.40B	$25.86B	$24.52B	$26.75B	$25.17B	$25.37B	$24.55B	$24.06B	$22.28B	$24.45B
YoY Change
Accounts Payable	$2.793B	$4.238B	$3.044B	$2.795B	$2.682B	$2.187B	$2.046B	$1.986B	$2.050B	$2.676B	$1.791B	$1.514B	$1.486B	$1.340B	$1.388B	$1.433B	$1.333B	$1.378B	$1.351B	$1.239B	$1.370B	$1.266B	$1.282B
YoY Change	-34.11%	39.22%	8.92%	4.21%	22.63%	6.89%	3.02%	-3.12%	-23.39%	49.41%	18.3%	1.88%	10.9%	-3.46%	-3.14%	7.5%	-3.27%	2.0%	9.04%	-9.56%	8.21%	-1.25%
Accrued Expenses	$35.30M	$39.70M	$60.50M	$78.00M	$76.00M
YoY Change	-11.08%	-34.38%	-22.44%	2.63%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$5.360B	$4.238B	$5.342B	$6.241B	$5.986B	$5.339B	$6.193B	$5.674B	$6.340B	$6.862B	$5.613B	$5.814B	$5.214B	$5.008B	$5.003B	$4.969B	$4.904B	$5.048B	$5.527B	$5.267B	$5.192B	$5.014B	$5.122B
YoY Change	26.46%	-20.66%	-14.41%	4.26%	12.12%	-13.79%	9.15%	-10.5%	-7.61%	22.25%	-3.46%	11.51%	4.11%	0.1%	0.68%	1.33%	-2.85%	-8.67%	4.94%	1.44%	3.55%	-2.11%
Long-Term Debt	$2.045B	$2.130B	$2.203B	$2.175B	$2.007B	$2.006B	$1.068B	$1.067B	$1.165B	$1.171B	$1.638B	$972.0M	$972.0M	$977.0M	$980.0M	$983.0M	$993.0M	$994.0M	$996.0M	$996.0M	$1.970B	$1.471B	$1.471B
YoY Change	-3.97%	-3.3%	1.26%	8.37%	0.05%	87.83%	0.09%	-8.41%	-0.51%	-28.51%	68.52%	0.0%	-0.51%	-0.31%	-0.31%	-1.01%	-0.1%	-0.2%	0.0%	-49.44%	33.92%	0.0%
Other Long-Term Liabilities		$0.00	$1.065B		$1.687B	$1.508B	$702.0M	$232.0M	$92.00M	$197.0M	$195.0M	$210.0M	$230.0M	$292.0M	$385.0M	$444.0M	$758.0M	$616.0M	$898.0M	$865.0M	$808.0M	$462.0M	$542.0M
YoY Change		-100.0%			11.87%	114.81%	202.59%	152.17%	-53.3%	1.03%	-7.14%	-8.7%	-21.23%	-24.16%	-13.29%	-41.42%	23.05%	-31.4%	3.82%	7.05%	74.89%	-14.76%
Total Long-Term Liabilities	$2.045B	$2.130B	$3.267B	$2.175B	$3.694B	$3.514B	$1.770B	$1.299B	$1.257B	$1.368B	$1.833B	$1.182B	$1.202B	$1.269B	$1.365B	$1.427B	$1.751B	$1.610B	$1.894B	$1.861B	$2.778B	$1.933B	$2.013B
YoY Change	-3.97%	-34.81%	50.22%	-41.12%	5.12%	98.53%	36.26%	3.34%	-8.11%	-25.37%	55.08%	-1.66%	-5.28%	-7.03%	-4.34%	-18.5%	8.76%	-14.99%	1.77%	-33.01%	43.71%	-3.97%
Total Liabilities	$28.83B	$28.90B	$28.46B	$38.70B	$38.64B	$35.98B	$27.57B	$25.61B	$25.51B	$26.38B	$24.88B	$23.76B	$22.15B	$21.62B	$21.01B	$20.81B	$22.66B	$21.33B	$21.67B	$20.91B	$21.43B	$19.72B	$21.00B
YoY Change	-0.24%	1.54%	-26.47%	0.16%	7.4%	30.48%	7.66%	0.39%	-3.29%	6.03%	4.71%	7.29%	2.45%	2.9%	0.97%	-8.19%	6.23%	-1.54%	3.6%	-2.4%	8.64%	-6.06%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Basic Shares Outstanding	53.46M shares	54.37M shares	59.14M shares	60.11M shares	61.94M shares	59.24M shares	54.99M shares	61.26M shares	68.16M shares	72.18M shares	76.65M shares	84.28M shares	96.63M	110.6M	118.0M shares	118.0M shares	119.9M shares
Diluted Shares Outstanding	53.78M shares	54.78M shares	60.12M shares	63.18M shares	62.31M shares	59.55M shares	55.31M shares	61.93M shares	69.02M shares	73.15M shares	77.65M shares	85.31M shares			118.5M shares	119.0M shares	121.6M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $11.508 Billion

About ASSURANT, INC.

Assurant, Inc. engages in the provision of lifestyle and housing solutions for consumer purchases. The company is headquartered in Atlanta, Georgia and currently employs 13,600 full-time employees. The company went IPO on 2004-02-04. The firm operates in North America, Latin America, Europe, and Asia Pacific through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment consists of Connected Living, which provides mobile device solutions, extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products, as well as iSmash, a provider of mobile device solutions, and Global Automotive, which offers vehicle protection services, commercial equipment services and other related services. Through its Global Housing segment, it provides lender-placed homeowners, manufactured housing and flood insurance, as well as voluntary manufactured housing, condominium and homeowners insurance (Homeowners), and renters insurance and other products (Renters and Other).

Industry: Insurance Carriers, NEC Peers: AMERICAN INTERNATIONAL GROUP, INC. ATLANTIC AMERICAN CORP HARTFORD FINANCIAL SERVICES GROUP, INC. HORACE MANN EDUCATORS CORP /DE/