Descripción de la empresa
Assurant, Inc. operates as a provider of protection services tailored to connected devices, residential properties, and automobiles across major global regions including North America, Latin America, Europe, and the Asia Pacific. The company functions within the broader Financial Services sector, specifically specializing in the Insurance - Property & Casualty industry, which entails assuming risk in exchange for premiums while managing claims and underwriting processes. This entity demonstrates significant scale with a market capitalization of $10.68B, an annual revenue of $12.81B over the trailing twelve months, and a workforce comprising 14,800 employees. These valuation and revenue figures indicate that Assurant maintains a substantial market position, generating substantial capital resources that reflect its established footprint in the property and casualty insurance landscape.
Salud financiera
The company reported a revenue of $12.81B for the trailing twelve months, resulting in a net income of $865.00M and an EBITDA of $1.48B. The substantial gap between the $12.81B revenue and the $865.00M net income reveals a cost structure where operating expenses, claims payments, and taxes consume a significant portion of gross inflows before reaching the bottom line. Assurant generates $2.19B in free cash flow, a metric that signifies robust financial flexibility to fund operations, service debt obligations, or return capital to shareholders without relying on external financing. The company's profitability is characterized by a gross margin of 11.9%, an operating margin of 10.1%, and a profit margin of 6.8%, indicating that while gross margins are modest due to the nature of insurance underwriting, the company retains meaningful earnings after covering all operational costs. Regarding liquidity and leverage, the firm holds $2.21B in cash against $2.28B in total debt, resulting in a debt-to-equity ratio of 38.84 which suggests a leveraged balance sheet where liabilities approach the level of liquid assets. The current ratio stands at 0.41, a figure that indicates limited short-term liquidity, meaning current assets do not fully cover current liabilities without relying on cash flow generation or asset conversion. Return metrics show a Return on Equity of 15.9% and a Return on Assets of 2.1%, revealing that management is effective at generating high returns relative to shareholder equity, although the return on the total asset base remains low due to the capital-intensive nature of the insurance industry.
Evaluación de valoración
Assurant trades with a trailing P/E ratio of 12.60 and a forward P/E of 9.58, and the difference between these two metrics implies that the market expects earnings growth that would justify a lower multiple in the future compared to historical performance. The price-to-book ratio is 1.81, which indicates that the market values the company at a moderate premium over its net book value, reflecting confidence in the quality of its intangible assets and future earning potential. Alternative valuation metrics provide further context, with a price-to-sales ratio of 0.83 and an EV/EBITDA of 7.23, suggesting the stock is priced conservatively relative to its sales volume and enterprise earnings before interest, taxes, depreciation, and amortization. In terms of price volatility and trading range, the 52-week high is $246.31 and the 52-week low is $174.97, and based on the available data points, the current market price sits within this historical band, reflecting the range of investor sentiment over the past year. The beta value is 0.55, which explains that the stock price exhibits lower volatility relative to the broader market, moving less aggressively than the overall index during periods of market fluctuation.
Growth & Income
Revenue growth for the year-over-year period is 7.9%, while earnings growth is 15.1%, and the fact that earnings are growing faster than revenue implies an improvement in operational efficiency or margin expansion that is outpacing top-line revenue increases. As a dividend payer, the company offers a dividend yield of 1.6% with a payout ratio of 19.4%, and this low payout ratio indicates that the dividend is highly sustainable given the company's earnings and the significant portion of profits retained for reinvestment. The income profile is further supported by a free cash flow of $2.19B, which provides the liquidity necessary to maintain the dividend without jeopardizing financial stability or growth initiatives. Overall, the growth and income profile combines moderate revenue expansion with accelerating earnings growth and a conservative dividend policy that prioritizes capital preservation and internal funding for business segments.