Professional
Added to YB: 2024-11-08
Pitch date: 2024-10-16
AIZ [bullish]
Assurant, Inc.
+20.74%
current return
Author Info
No bio for this author
Company Info
Assurant, Inc. provides protection services to connected devices, homes, and automobiles in North America, Latin America, Europe, and the Asia Pacific.
Market Cap
$11.2B
Pitch Price
$193.25
Price Target
N/A
Dividend
1.42%
EV/EBITDA
8.18
P/E
13.69
EV/Sales
0.93
Sector
Insurance
Category
growth
Firebird US Value Fund Portfolio Holding: Assurant, Inc.
AIZ: Niche insurer in extended warranties & lender-placed home insurance. Unique model separates decision-maker from payer, driving profitability. Reshaped business via M&A, focusing on core segments. Improved expense ratio from 100% to 95%. 4% core growth, margin expansion & shareholder returns key value drivers. Quality improvement justifies multiple expansion.
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