How to Invest in Assurant Shares (AIZ)

Is it time to add Assurant to your investment portfolio? Read on to learn how to buy Assurant stock, whether the company is profitable, and the pros and cons of investing.

How to buy Assurant stock

Whether you're buying stock in Assurant or any other publicly traded company, here are the four basic steps you need to follow:

1. Open your brokerage app: Log in to your brokerage account where you handle your investments.
2. Search for the stock: Enter the ticker or company name into the search bar to bring up the stock's trading page.
3. Decide how many shares to buy: Consider your investment goals and how much of your portfolio you want to allocate to this stock.
4. Select order type: Choose between a market order to buy at the current price or a limit order to specify the maximum price you're willing to pay.
5. Submit your order: Confirm the details and submit your buy order.
6. Review your purchase: Check your portfolio to ensure your order was filled as expected and adjust your investment strategy accordingly.

Should I invest in Assurant?

Rarely is a stock the right fit for every investor. Let's discuss some reasons you may want to invest in Assurant, as well as some reasons you might want to steer clear.

Consider investing in Assurant stock if:

• You believe Assurant can continue to deliver market-beating returns.
• You're seeking reliable dividend income.
• You think the company's niche offerings provide it with a decent economic moat.
• You believe the company has a well-diversified business that serves a variety of industries.
• You believe Assurant can continue to expand its mobile device offerings beyond the U.S. and Europe into emerging markets.
• You want to increase your exposure to insurance stocks in your portfolio.

You might want to avoid Assurant stock if:

• You're worried about the effects of inflation on the company's business model, as higher prices mean Assurant pays more for things such as replacing vehicle parts and mobile devices.
• You're concerned about the company's exposure to severe weather events through its products, like flood insurance and renter's insurance.
• You believe Assurant's business is too heavily concentrated in a handful of large clients.
• You're worried that a recession would adversely affect Assurant's business since customers avoid replacing vehicles or devices during tough economic times.

Is Assurant profitable?

Yes, Assurant is profitable. The company reported generally accepted accounting principles (GAAP) net income from continuing operations of $760 million in fiscal 2024, marking its eighth consecutive year of profitability. Adjusted earnings per share were $20.35, an increase of almost 19% from 2023.

Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) for the 12-month period that ended Dec. 31, 2024, dropped by 2% to $773 million from fiscal 2023. The decline was due to steeper-than-expected losses in its Global Automotive business, which provides extended vehicle warranties and GAP insurance. Elevated inflation, which translates to higher costs for vehicle replacement parts and labor, has been an ongoing challenge for the segment.

However, Assurant's Global Housing division, which provides several niche home insurance products -- like lender-placed insurance (policies that a mortgage servicer purchases on a homeowner's behalf if they don't obtain sufficient coverage), mobile home insurance, and renter's insurance -- was a standout in 2024. Excluding catastrophes, the segment generated more than $900 million in adjusted EBITDA. The Global Housing division renewed more than 10 major contracts and added Bank of America (BAC +1.29%) as a client.

Assurant's Connected Living division, which offers mobile device insurance and extended warranties for home devices and consumer electronics, grew its net premiums earned by almost 10% for the year. The division also renewed contracts with three of the five largest mobile carriers in the U.S. in fiscal 2024.

Does Assurant pay a dividend?

Yes, Assurant has paid a quarterly dividend since 2004 and has increased its payout every year since. The company's most recent quarterly dividend was $0.80 per share. Based on its share price as of mid-May 2025, that works out to an annual yield of 1.62%. Assurant has delivered compound annual dividend growth of over 14% annually since it started paying dividends 20 years ago.

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