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Wednesday 4 November 2026 Export AIZ’s income statement to Excel — free account

Assurant, Inc.

AIZ Financial Insurance Property & Casualty

Assurant, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $12.8 billion, up 7.89% from fiscal 2024.

Revenue
+9.37%
EPS
+30.0%
Free cash flow
+99.0%
Total debt
+5.93%

Quarter to June 2026, against a year earlier

309.66 13.53 +4.57%
Market cap
$14.6B
P/E
14.0×
Fwd P/E
14.0×
Dividend yield
1.19%
F-score
7/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Assurant, Inc. (AIZ) valuation and DCF model

What the price implies · reverse DCF

At $309.66 the price implies 25.6% a year of dividend growth, at a 9.0% cost of equity.

The dividend a share grew 9.2% a year over the last ten years, 6.1% over the last five. The price asks for about three times its ten-year rate. Return on equity averaged 11.9% over ten years; the price implies 18.8% for good.

In December 2017 the price assumed 17.4% a year; Assurant, Inc. went on to grow the dividend a share 16.1% a year to FY2025.

Price implies
25.6%
Last 5 years, reported
6.1%
Last 10 years, reported
9.2%

The headline discounts the last twelve months’ the dividend a share at 9.0% for ten years and grows it 2.5% a year after that, the same for every company, so the figure compares across the market (how a reverse DCF works).

The other way round · DCF
The price needs
25.6% a year for ten years
$309.66
today’s price
Its base case
9.2% a year for five years, then 5.5%
$80.89
73.9% below today’s price

Both are growth in the dividend a share, discounted at 9.0%, with 2.5% a year after year ten.

Base case on its own ten-year record Assurant, Inc.’s own growth, carried forward

Its assumptions

Powerpack lets you start from a scenario and type over any of them.

The base case’s inputs, which Powerpack lets you change
1 · Dividends
the four quarters to June 2026, from the 10-Q and 10-K filings

Yearly growth in the dividend. It usually slows as the company matures.

Today’s price implies the dividend a share growing 25.6% a year for ten years.

2 · Rates

Cost of equity is the yearly return shareholders require, typically 8–11%. Terminal growth is growth forever after year 10, usually near long-run inflation, 2–3%.

3 · Per share

The model is a share’s own: no debt to take off and no shares to divide among.

Advanced inputs

Against Assurant, Inc.’s own cost of capital: risk-free 4.3% + beta 0.51 × equity premium 4.5% = 6.6% cost of equity; after-tax cost of debt 4.1%; weighted, 6.3%.

Use 6.3%
Base case value per share $80.89 ten years discounted, and what follows
Current price $309.66 market price per share
Below today’s price 73.9% downside at the base case’s assumptions

How we got there$33.58 10 years of dividends+$47.31 terminal value=$80.89 per share

Valuation against its own history

Today’s multiple against its 5- and 10-year averages and the industry median (Insurance Property & Casualty).

Multiple Current 5Y avg 10Y avg vs 10Y avg Industry median vs industry 10Y range
P/E 13.99× 16.48× 16.28× 14% below 11.87× 18% above
P/FCF 8.84× 10.57× 10.15× 13% below 8.12× 9% above
P/B 2.40× 2.03× 1.69× 42% above 1.99× 21% above
EV/EBITDA — 9.35× 9.60× — 3.38× —
EV/Sales — 0.89× 0.85× — 3.90× —
P/E P/FCF P/B EV/EBITDA EV/Sales
7.23×10.22×13.21×16.21×10Y avg 10.15×2017201820192020202120222023202420252026

AIZ trades at 8.84× P/FCF, against a 10-year average of 10.15× (range 6.23×–16.86×). That is cheaper than 67% of the last 9 year-end readings; re-rating to the average implies $355.51 per share.

Every growth rate on this page is the business’s — its cash flow, FFO or dividend — never its share price’s. A discounted-cash-flow model is only as good as its assumptions. Figures from the 10-K and 10-Q filings. Not investment advice.