AIZN

MKT CAP:$976M

Assurant, Inc. 5.25% Subordinat

Market Cap

$976M

Financial Services·Insurance - Diversified·🇺🇸 United States·NYSE

Financials·Insurance·🇺🇸·NYSE

Stock Price

$19.99+$0.36 (+1.83%)

Apr 23, 2026

Company Details

Assurant, Inc. engages in the provision of lifestyle and housing solutions for consumer purchases. It operates through the following segments: Global Lifestyle, Global Housing, and Corporate and Other. The Global Lifestyle segment offers mo...

CEO

Keith Warner Demmings

IPO Date

Nov 25, 2020

Website

www.assurant.com

Key Metrics TTM

Revenue

$12.8B

+7.9% YoY

Net Income

$873M

EPS (Diluted)

$17.05

Free Cash Flow

$1.6B

Revenue / Share

$255.28

Gross Margin

77.2%

Operating Margin

8.5%

Net Margin

6.8%

FCF Margin

12.5%

P/S

0.1x

P/E

1.1x

Earnings Reports

Q1 2026

May 5, 2026

PENDING

FY 2025

Feb 19, 2026

$12.8B+7.9%EPS $17.39

Q4 2025

Feb 19, 2026

$3.4B+7.9%EPS $4.49

Q3 2025

Nov 6, 2025

$3.2B+8.9%EPS $5.17

Q2 2025

Aug 7, 2025

$3.2B+8.0%EPS $4.56

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 21	$2.4B	$957M	$193M
Q2 22	$2.5B	$1.9B	$70M
Q3 22	$2.5B	$1.9B	$9M
Q4 22	$2.7B	$2.1B	$96M
Q1 23	$2.6B	$2.0B	$147M
Q2 23	$2.7B	$2.1B	$204M
Q3 23	$2.8B	$2.1B	$229M
Q4 23	$3.0B	$2.4B	$227M
Q1 24	$2.9B	$2.3B	$293M
Q2 24	$2.9B	$2.2B	$233M
Q3 24	$3.0B	$2.2B	$152M
Q4 24	$3.1B	$2.4B	$250M
Q1 25	$3.1B	$2.3B	$184M
Q2 25	$3.2B	$2.4B	$289M
Q3 25	$3.2B	$2.5B	$331M
Q4 25	$3.4B	$2.6B	$284M

Valuation

Quarter	P/S	P/E
Q1 21	0.9x	18.9x
Q2 22	1.0x	29.1x
Q3 22	0.8x	22.1x
Q4 22	0.7x	23.0x
Q1 23	0.6x	26.5x
Q2 23	0.6x	19.5x
Q3 23	0.7x	14.5x
Q4 23	0.8x	13.6x
Q1 24	0.9x	12.8x
Q2 24	0.8x	10.9x
Q3 24	0.9x	13.9x
Q4 24	0.9x	14.4x
Q1 25	0.9x	16.0x
Q2 25	0.8x	14.1x
Q3 25	0.9x	12.9x
Q4 25	1.0x	14.1x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 21	-$419M	-$458M
Q2 22	$173M	$127M
Q3 22	$648M	$601M
Q4 22	$277M	$225M
Q1 23	$260M	$211M
Q2 23	$185M	$136M
Q3 23	$331M	$280M
Q4 23	$363M	$308M
Q1 24	$83M	$32M
Q2 24	$711M	$656M
Q3 24	$437M	$543M
Q4 24	$103M	$35M
Q1 25	$392M	$339M
Q2 25	$266M	$206M
Q3 25	$505M	$442M
Q4 25	$671M	$612M

Capital Expenditures

Quarter	CapEx
Q1 21	$40M
Q2 22	$46M
Q3 22	$47M
Q4 22	$52M
Q1 23	$48M
Q2 23	$49M
Q3 23	$50M
Q4 23	$54M
Q1 24	$51M
Q2 24	$55M
Q3 24	$106M
Q4 24	$68M
Q1 25	$53M
Q2 25	$60M
Q3 25	$63M
Q4 25	$59M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 21	-0.7%	-4.6%
Q2 22	+7.7%	+15.0%
Q3 22	+7.2%	+12.1%
Q4 22	+3.9%	+7.9%
Q1 23	+8.6%	+11.4%
Q2 23	+8.8%	+3.6%
Q3 23	+8.9%	+0.2%
Q4 23	+12.5%	+7.8%
Q1 24	+9.0%	+3.7%
Q2 24	+7.1%	+6.5%
Q3 24	+7.0%	+10.6%
Q4 24	+4.1%	+3.6%
Q1 25	+6.7%	+11.7%
Q2 25	+8.0%	+6.6%
Q3 25	+8.9%	+3.0%
Q4 25	+7.9%	+7.4%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 21	$13M	0.5%
Q2 22	$17M	0.7%
Q3 22	$18M	0.7%
Q4 22	$15M	0.6%
Q1 23	$13M	0.5%
Q2 23	$17M	0.6%
Q3 23	$24M	0.9%
Q4 23	$22M	0.7%
Q1 24	$15M	0.5%
Q2 24	$20M	0.7%
Q3 24	$24M	0.8%
Q4 24	$23M	0.7%
Q1 25	$15M	0.5%
Q2 25	$22M	0.7%
Q3 25	$23M	0.7%
Q4 25	$0	0.0%

Revenue Segments

Quarter	Global Housing	Global Lifestyle
Q1 21	$512M	$1.9B
Q1 25	$691M	$2.4B
Q2 25	$732M	$2.4B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.3B	$7.0B	$8.3B
Q2 22	$1.2B	$6.5B	$7.7B
Q3 22	$1.4B	$6.4B	$7.8B
Q4 22	$1.5B	$6.4B	$8.0B
Q1 23	$1.5B	$6.7B	$8.2B
Q2 23	$1.4B	$6.9B	$8.3B
Q3 23	$1.4B	$6.8B	$8.2B
Q4 23	$1.6B	$2.1B	$3.7B
Q1 24	$1.3B	$7.4B	$8.7B
Q2 24	$1.7B	$2.3B	$4.0B
Q3 24	$1.8B	$2.4B	$4.3B
Q4 24	$1.8B	$7.5B	$9.3B
Q1 25	$1.7B	$2.5B	$4.1B
Q2 25	$1.5B	$2.5B	$4.0B
Q3 25	$1.7B	$2.6B	$4.3B
Q4 25	$1.8B	$2.7B	$4.6B

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 21	62M	-1.0%	-2.9%
Q2 22	55M	-11.0%	-13.2%
Q3 22	54M	-1.7%	-10.5%
Q4 22	54M	-0.5%	-13.8%
Q1 23	54M	-0.1%	-13.1%
Q2 23	54M	+0.4%	-2.0%
Q3 23	54M	-0.3%	-0.6%
Q4 23	53M	-0.6%	-0.6%
Q1 24	53M	-1.1%	-1.5%
Q2 24	53M	-0.3%	-2.2%
Q3 24	52M	-0.5%	-2.4%
Q4 24	52M	-0.7%	-2.5%
Q1 25	52M	-0.7%	-2.2%
Q2 25	52M	-0.3%	-2.2%
Q3 25	51M	-0.5%	-2.2%
Q4 25	50M	-2.2%	-3.6%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 21	$172.5K	14K
Q2 22	$160.9K	16K
Q3 22	$163.3K	16K
Q4 22	$193.6K	14K
Q1 23	$192.9K	14K
Q2 23	$199.4K	14K
Q3 23	$202.5K	14K
Q4 23	$219.3K	14K
Q1 24	$211.8K	14K
Q2 24	$215.1K	14K
Q3 24	$218.2K	14K
Q4 24	$218.6K	14K
Q1 25	$216.5K	14K
Q2 25	$222.4K	14K
Q3 25	$227.6K	14K
Q4 25	$226.4K	15K

Revenue / Employee