Latest Ratios: P/E Ratio 1.1x · EV/EBITDA 1.0x · ROE 15.9%. (2002–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $944M | $976M | $1.1B | $1.1B | $1.1B | $1.6B | $1.7B | — | — | — | — |
| Enterprise Value | $1.3B | $1.3B | $1.3B | $1.5B | $1.7B | $1.8B | $1.8B | — | — | — | — |
| P/E Ratio → | 1.09 | 1.12 | 1.39 | 1.67 | 4.00 | 2.64 | 4.08 | — | — | — | — |
| P/S Ratio | 0.07 | 0.08 | 0.09 | 0.10 | 0.11 | 0.16 | 0.18 | — | — | — | — |
| P/B Ratio | 0.16 | 0.17 | 0.21 | 0.22 | 0.26 | 0.30 | 0.29 | — | — | — | — |
| P/FCF | 0.59 | 0.61 | 0.95 | 1.15 | 2.69 | 2.73 | 1.42 | — | — | — | — |
| P/OCF | 0.51 | 0.53 | 0.79 | 0.94 | 1.85 | 2.07 | 1.29 | — | — | — | — |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.11 | 0.11 | 0.14 | 0.17 | 0.18 | 0.18 | — | — | — | — |
| EV / EBITDA | 0.98 | 1.01 | 1.16 | 1.52 | 3.19 | 1.89 | 2.46 | — | — | — | — |
| EV / EBIT | 1.21 | 1.13 | 1.29 | 1.67 | 3.71 | 2.02 | 2.60 | — | — | — | — |
| EV / FCF | — | 0.84 | 1.20 | 1.63 | 4.14 | 3.00 | 1.45 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 77.2% | 77.2% | 76.7% | 77.3% | 76.8% | 40.7% | 38.1% | 41.0% | 42.0% | 49.1% | 100.0% |
| Operating Margin | 8.5% | 8.5% | 7.8% | 7.2% | 3.4% | 7.6% | 6.0% | 4.8% | 4.2% | 7.0% | 12.7% |
| Net Profit Margin | 6.8% | 6.8% | 6.4% | 5.8% | 2.7% | 13.4% | 4.6% | 4.0% | 3.1% | 8.2% | 8.0% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 15.9% | 15.9% | 15.3% | 14.2% | 5.7% | 23.9% | 7.6% | 7.1% | 5.3% | 12.4% | 13.1% |
| ROA | 2.4% | 2.4% | 2.2% | 1.9% | 0.8% | 3.5% | 1.0% | 0.9% | 0.7% | 1.7% | 1.9% |
| ROIC | 14.0% | 14.0% | 13.1% | 12.0% | 5.0% | 10.0% | 7.3% | 5.8% | 4.9% | 7.9% | 15.9% |
| ROCE | 9.3% | 9.3% | 8.7% | 8.3% | 3.2% | 4.4% | 1.3% | 1.1% | 0.9% | 1.4% | 3.0% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.38 | 0.38 | 0.41 | 0.43 | 0.50 | 0.40 | 0.38 | 0.35 | 0.39 | 0.25 | 0.26 |
| Debt / EBITDA | 1.65 | 1.65 | 1.81 | 2.07 | 4.00 | 2.34 | 3.13 | 3.46 | 4.36 | 1.91 | 1.07 |
| Net Debt / Equity | — | 0.06 | 0.05 | 0.09 | 0.14 | 0.03 | 0.01 | 0.02 | 0.15 | 0.02 | 0.01 |
| Net Debt / EBITDA | 0.28 | 0.28 | 0.24 | 0.45 | 1.12 | 0.17 | 0.06 | 0.24 | 1.63 | 0.13 | 0.04 |
| Debt / FCF | — | 0.23 | 0.25 | 0.48 | 1.44 | 0.27 | 0.04 | 0.11 | 1.31 | 0.15 | 0.71 |
| Interest Coverage | 10.91 | 10.91 | 9.67 | 8.47 | 4.23 | 7.90 | 6.53 | 5.11 | 4.33 | 9.98 | 64.94 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.55 | 0.55 | 0.79 | 0.54 | 0.74 | 0.81 | — | — | — | — | — |
| Quick Ratio | 0.55 | 0.55 | 0.79 | 0.54 | 0.74 | 0.81 | — | — | — | — | — |
| Cash Ratio | 0.19 | 0.19 | 0.39 | 0.16 | 0.34 | 0.44 | — | — | — | — | — |
| Asset Turnover | — | 0.35 | 0.34 | 0.33 | 0.31 | 0.30 | 0.22 | 0.22 | 0.19 | 0.20 | 0.24 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 17.7% | 17.2% | 14.8% | 14.2% | 13.6% | 9.7% | 8.9% | — | — | — | — |
| Payout Ratio | 19.3% | 19.3% | 20.5% | 23.7% | 54.3% | 11.6% | 35.1% | 39.6% | 53.3% | 22.9% | 22.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 91.5% | 89.4% | 72.0% | 59.9% | 25.0% | 37.8% | 24.5% | — | — | — | — |
| FCF Yield | 100.0% | 163.7% | 105.3% | 87.2% | 37.1% | 36.7% | 70.6% | — | — | — | — |
| Buyback Yield | 32.2% | 31.1% | 29.1% | 18.0% | 51.8% | 51.8% | 17.2% | — | — | — | — |
| Total Shareholder Yield | 49.8% | 48.4% | 43.9% | 32.2% | 65.4% | 61.5% | 26.1% | — | — | — | — |
| Shares Outstanding | — | $50M | $53M | $54M | $55M | $60M | $63M | $62M | $60M | $55M | $62M |
Claims severity and inflation
As reported in financial statements, Assurant trades at a P/B of 0.16, which appears significantly disconnected from the broader specialty insurance peer group, suggesting that the market may be applying a substantial conglomerate discount to its unique blend of service-based logistics and traditional insurance underwriting.
The current valuation multiple warrants further investigation, as it sits well below the levels observed for diversified peers like Chubb or Arch Capital. This discrepancy may indicate that investors are struggling to reconcile the capital-light service contract business with the more capital-intensive housing insurance segment, leading to a conservative pricing stance.
Based on the provided quarterly data, Assurant has maintained a disciplined combined ratio that improved from 94.9% in 2024Q3 to 90.2% in 2026Q1, indicating that the firm is successfully navigating the inherent volatility of its catastrophe-exposed housing segment while preserving core underwriting margins.
The trajectory of the combined ratio suggests that management's focus on operational integration is yielding tangible underwriting benefits. However, the sensitivity of the loss ratio to external inflationary pressures on repair costs remains a critical variable that could challenge the sustainability of these margins in future periods.
According to recent financial disclosures, the company maintains a stable debt-to-equity ratio of 0.38, which provides a robust capital base that appears well-positioned to support ongoing growth initiatives while remaining comfortably within the guidelines typically expected by major rating agencies for diversified insurance carriers.
This low leverage profile suggests that management possesses significant dry powder for potential acquisitions or continued capital returns. Investors should monitor whether this conservative stance persists, as it may indicate a strategic preference for balance sheet strength over aggressive expansion in the current macroeconomic environment.
As indicated by the provided data, the P/E ratio is frequently misapplied to Assurant, as it fails to account for the lumpy nature of catastrophe-related earnings and the amortization of deferred acquisition costs that can significantly distort short-term profitability metrics for this specific business model.
Analysts should prioritize the combined ratio and return on equity over P/E, as the latter obscures the underlying underwriting performance and the value generated from the company's service-based float. Relying on P/E may lead to an inaccurate assessment of the firm's true earnings power and its ability to generate consistent long-term value.
Includes 30+ ratios · 24 years · Updated daily
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying AIZN stock.
Assurant, Inc. 5.25% Subordinat's current P/E ratio is 1.1x. The historical average is 2.5x.
Assurant, Inc. 5.25% Subordinat's current EV/EBITDA is 1.0x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 1.9x.
Assurant, Inc. 5.25% Subordinat's return on equity (ROE) is 15.9%. The historical average is 9.0%.
Based on historical data, Assurant, Inc. 5.25% Subordinat is trading at a P/E of 1.1x. Compare with industry peers and growth rates for a complete picture.
Assurant, Inc. 5.25% Subordinat's current dividend yield is 17.66% with a payout ratio of 19.3%.
Assurant, Inc. 5.25% Subordinat has 77.2% gross margin and 8.5% operating margin.
Assurant, Inc. 5.25% Subordinat's Debt/EBITDA ratio is 1.7x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.