Last $69.06 USD
Change Today -0.11 / -0.16%
Volume 240.7K
AIZ On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

assurant inc (AIZ) Snapshot

Open
$69.29
Previous Close
$69.17
Day High
$69.53
Day Low
$69.03
52 Week High
12/3/14 - $69.78
52 Week Low
02/6/14 - $59.17
Market Cap
4.9B
Average Volume 10 Days
462.7K
EPS TTM
$6.76
Shares Outstanding
70.3M
EX-Date
11/26/14
P/E TM
10.2x
Dividend
$1.08
Dividend Yield
1.53%
Current Stock Chart for ASSURANT INC (AIZ)

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assurant inc (AIZ) Details

Assurant, Inc., through its subsidiaries, provides specialized insurance products and related services in North America, Latin America, Europe, and internationally. The company operates through four segments: Assurant Solutions, Assurant Specialty Property, Assurant Health, and Assurant Employee Benefits. The Assurant Solutions segment provides domestic and international extended service contracts and warranties with coverage on mobile devices, personal computers, consumer electronics, appliances, automobiles, and recreational vehicles; preneed life insurance to address funeral costs at death; and international credit insurance that offers protection from life events and uncertainties that arise in purchasing and borrowing transactions. The Assurant Specialty Property segment offers lender-placed and voluntary homeowners insurance, lender-placed and voluntary manufactured housing insurance; lender-placed flood insurance, multi-family housing insurance, and property preservation services; and restoration and inspection services. The Assurant Health segment provides major medical insurance, short-term medical insurance, and limited benefit coverage to individuals and families; and medical insurance to small employer groups. The Assurant Employee Benefits segment offers group disability, dental, life, vision, and supplemental products, as well as individual dental products. This segment also reinsures disability and life products. The company distributes its insurance products and services through various distribution channels, including independent employee benefits specialists, brokers, managing general agents, life agents, financial institutions, mortgage lenders and servicers, retailers, funeral homes, association groups, and other third-party marketing organizations. Assurant, Inc. was founded in 1969 and is headquartered in New York, New York.

16,600 Employees
Last Reported Date: 02/19/14
Founded in 1969

assurant inc (AIZ) Top Compensated Officers

Chief Executive Officer and Executive Directo...
Total Annual Compensation: $1.0M
President
Total Annual Compensation: $545.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $545.0K
Executive Vice President, Chief Executive Off...
Total Annual Compensation: $545.0K
Executive Vice President, Chief Executive Off...
Total Annual Compensation: $520.0K
Compensation as of Fiscal Year 2013.

assurant inc (AIZ) Key Developments

Assurant Inc. Declares Quarterly Dividend, Payable on December 15, 2014

Assurant Inc. announced that its Board of Directors declared a quarterly dividend of $0.27 per share of common stock. The dividend will be payable on Dec. 15, 2014 to stockholders of record as of the close of business on Dec. 1, 2014.

Assurant Inc. Announces Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Assurant Inc. announced unaudited consolidated earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $2,702,488,000 against $2,258,650,000 a year ago. Income before provision for income taxes was $224,751,000 against $193,971,000 a year ago. Net income was $140,297,000 or $1.92 per diluted share against $128,788,000 or $1.68 per diluted share a year ago. Book value per diluted share was $73.48. Net operating income increased slightly to $132.7 million, or $1.82 per diluted share, compared to third quarter 2013 net operating income of $131.1 million, or $1.71 per diluted share. After-tax net realized gains on investments were $11.5 million, compared to after-tax net realized losses of $2.3 million in third quarter 2013. Net investment income increased to $162.0 million, compared to $159.2 million in third quarter 2013. For the nine months, the company reported total revenues of $7,758,961,000 against $6,647,039,000 a year ago. Income before provision for income taxes was $653,791,000 against $611,162,000 a year ago. Net income was $421,152,000 or $5.74 per diluted share against $380,091,000 or $4.84 per diluted share a year ago. Annualized GAAP return on average equity was 11.0%. Net operating income was $376.0 million against $360.4 million a year ago.

Assurant Seeks Acquisitions

Assurant Inc. (NYSE:AIZ) is looking for acquisition opportunities. Assurant stated that the capital to be deployed on strategic acquisitions, common stock dividends and share repurchases, subject to market conditions and legal requirements. Business segment dividends to Corporate to approximate segment net operating income. Dividends subject to the growth of the businesses, rating agency and regulatory capital requirements as well as investment performance.

 

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Industry Analysis

AIZ

Industry Average

Valuation AIZ Industry Range
Price/Earnings 9.6x
Price/Sales 0.5x
Price/Book 0.9x
Price/Cash Flow 9.2x
TEV/Sales 0.2x
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