About the Author
Robin Hartill is a Florida-based personal finance writer and editor, and a CERTIFIED FINANCIAL PLANNER.™ She is a graduate of the University of Florida.
Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.
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.
Whether you're buying stock in Assurant or any other publicly traded company, here are the four basic steps you need to follow:
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 might want to avoid Assurant stock if:
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 (NYSE:BAC) 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.
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.
If you are unsure whether you want to buy Assurant shares, you can still get exposure to the company through an exchange-traded fund (ETF). An ETF is a basket of stocks you can buy with a single purchase. You purchase ETF shares using a brokerage account, using the same process as you would when buying individual stocks. Some ETFs with Assurant exposure include:
Assurant has never split its stock in its 21 years as a publicly traded company, and an upcoming stock split does not appear to be on the horizon.
Companies typically split their stocks to make shares seem more affordable, particularly to retail investors. In reality, though, it's more about perception since a stock split doesn't change the value of the company or an investor's holdings. Also, the rise of fractional shares has made it easy to invest in a company without having to buy a full share.
With Assurant shares trading for nearly $200 as of May 2025, it's possible that the company may consider splitting its shares someday. However, Assurant hasn't publicly discussed plans for a stock split.
Assurant (NYSE:AIZ) may not be a household name, but it's a leading provider of niche insurance products. Its offerings include:
Since its initial public offering (IPO) in 2004, Assurant has delivered market-smashing performance, with total returns of about 1,090% as of May 2025, compared to roughly 675% for the S&P 500 index during the same period. It's also been a faithful dividend payer since going public, with 20 consecutive annual dividend increases to its name.
Assurant has a solid history of market-beating returns, generating profits, and paying dividends to shareholders. The business is well diversified, providing insurance solutions across many industries.
However, it's important to understand the risks associated with investing in any individual company. Before you become an investor, make sure you understand Assurant's business model and risks, such as the potential impact of high inflation and catastrophic weather events.
*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.
Motley Fool Returns
Market-beating stocks from our flagship service.
Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 2025-08-29 01:10:40.672501.
Discounted offers are only available to new members. Stock Advisor list price is $199 per year.
Calculated by Time-Weighted Return since 2002. Volatility profiles based on trailing-three-year calculations of the standard deviation of service investment returns.
