Assurant
Embedded protection services for connected devices, vehicles, equipment and homes.
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Profile
Sells device, electronics, appliance, vehicle, equipment and housing protection through Global Lifestyle and Global Housing. Premiums and service fees flow largely through embedded partnerships with carriers, retailers, manufacturers, lenders, dealers and property managers, making client retention, regulated underwriting and catastrophe exposure central to results.
Protects and services connected devices, consumer electronics, appliances, vehicles, commercial equipment and homes through two segments. Global Lifestyle comprises Connected Living—mobile-device solutions, electronics and appliance service contracts, financial-services products—and Global Automotive vehicle and equipment protection. Global Housing provides lender-placed homeowners, manufactured-housing and flood insurance, voluntary property coverage, renters insurance and related services.
Distributes chiefly through long-term partnerships with mobile carriers, retailers, manufacturers, financial institutions, auto dealers, mortgage servicers and property managers. Operations combine program design, underwriting, claims administration, customer support, repair, logistics and device disposition; Global Lifestyle is concentrated in North America but also serves Latin America, Europe and Asia Pacific.
Revenue and results depend on retaining large distribution partners, insurance and service-contract regulation, underwriting and claims severity, and catastrophe exposure in housing.
Company facts
Categories
Key statistics
Year to date +20.2% · Average volume (30d) 365.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 28, 2026 | BMO Capital | Reiterate | Outperform | $246 | $320 | |
| Aug 19, 2026 | Morgan Stanley | Reiterate | Overweight | $300 | $320 | |
| Aug 13, 2026 | UBS | Reiterate | Buy | $274 | $331 | |
| Aug 6, 2026 | Piper Sandler | Reiterate | Overweight | $290 | $329 | |
| Aug 6, 2026 | Truist Financial | Target | $310 | $355 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 4, 2026Q2 FY26 | $5.17 | $6.41 | +24.0% | $3.43B | $3.45B | +0.7% | +7.20% |
| May 5, 2026Q1 FY26 | $5.29 | $5.95 | +12.5% | $3.29B | $3.42B | +3.9% | −0.22% |
| Feb 10, 2026Q4 FY25 | $5.55 | $5.61 | +1.1% | $3.31B | $3.35B | +1.3% | −8.65% |
| Nov 4, 2025Q3 FY25 | $4.39 | $5.73 | +30.5% | $3.19B | $3.23B | +1.4% | +1.73% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $3.07B | $3.16B | $3.23B | $3.35B | $3.42B | $3.45B | |
| Gross profit | $2.29B | $2.44B | $2.52B | $2.63B | $2.65B | $2.71B | |
| Operating income | $183.7M | $289.0M | $331.2M | $283.5M | $335.6M | $376.9M | |
| Net income | $146.6M | $235.3M | $265.6M | $225.2M | $274.1M | $298.6M | |
| Diluted EPS | $2.83 | $4.56 | $5.17 | $4.49 | $5.46 | $5.99 | |
| Gross margin | 74.6% | 77.2% | 78.0% | 78.6% | 77.5% | 78.3% | |
| Operating margin | 6.0% | 9.2% | 10.2% | 8.5% | 9.8% | 10.9% |
Fiscal years (4-quarter sums)FY21 $10.19B · FY22 $10.19B · FY23 $11.13B · FY24 $11.88B · FY25 $12.81B
Revenue by product · Q2 FY26
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $11.85B · Total debt $2.21B · Total assets $36.08B · Shareholders' equity $6.10B
Dividends
Raised for 20 straight years — most recently to $0.88 from $0.80 in Dec 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 8, 2026 | Jun 8 | Jun 29 | $0.88 | |
| Feb 17, 2026 | Feb 17 | Mar 30 | $0.88 | |
| Dec 1, 2025 | Dec 1 | Dec 29 | $0.88 | raised from $0.80 |
| Sep 2, 2025 | Sep 2 | Sep 29 | $0.80 | |
| Jun 9, 2025 | Jun 9 | Jun 30 | $0.80 | |
| Feb 3, 2025 | Feb 3 | Mar 31 | $0.80 | |
| Dec 9, 2024 | Dec 9 | Dec 30 | $0.80 | raised from $0.72 |
| Sep 3, 2024 | Sep 3 | Sep 30 | $0.72 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 49.55M · Float 49.16M · 99.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 5.01M | 10.11% | 13F | Aug 7, 2026 |
| Bank of New York Mellon Corp | 4.73M | 9.54% | 13F | Aug 6, 2026 |
| Vanguard Capital Management LLC | 3.24M | 6.53% | 13F | Aug 13, 2026 |
| Vanguard Portfolio Management LLC | 2.84M | 5.72% | 13F | Aug 13, 2026 |
| State Street Corp | 2.54M | 5.13% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 6, 2026 | Nair Biju | officer: EVP, Pres, Global Conn Living | −3,931 | $302.46 |
| Jun 22, 2026 | Robert Lonergan | officer: EVP, CSTO | −7,000 | $262.71 |
| May 26, 2026 | Dimitry DiRienzo | officer: SVP, CAO, Controller | −2,000 | $255.68 |
| May 15, 2026 | Keith Meier | officer: EVP, Chief Financial Officer | −25,000 | $254.31 |
| May 14, 2026 | Jay Rosenblum | officer: EVP, Chief Legal Officer | −2,000 | $251.77 |
Peers
- Allstate
Broad overlap in product plans, auto F&I, renters, and lender services
- American International Group
Global warranty and device protection programs for retail and OEM partners
- Ally Financial
Dealer-channel vehicle service contracts and GAP protection
- C.N.A. Financial
Vehicle service contracts, GAP, warranties, and dealer F&I programs
- Frontdoor
Home systems and appliance warranty coverage through AHS and 2-10
- Lemonade
Digital renters and personal property insurance
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Assurant | $285.65 | −0.01% | $14.15B | 13.5 | 12.8 | 1.1 | +9.4% |
| Allstate | $260.58 | −0.03% | $67.08B | 5.2 | 9.2 | 1.0 | −7.2% |
| American International Group | $76.93 | 0.00% | $40.79B | 14.1 | 9.2 | 1.5 | +0.8% |
| Ally Financial | $42.18 | 0.00% | $12.83B | 9.9 | 7.1 | 0.8 | −0.3% |
| C.N.A. Financial | $49.31 | +0.02% | $13.34B | 10.8 | 10.6 | 0.9 | +3.0% |
| Frontdoor | $82.50 | −0.57% | $5.82B | 21.9 | 16.8 | 2.7 | +4.5% |
| Lemonade | $53.10 | +0.23% | $4.07B | — | — | 4.4 | +79.4% |
| Median | 10.8 | 9.2 | 1.2 | +1.9% |