ASSURANT, Inc. (AIZN) intrinsic value & 10-year financials
ASSURANT, Inc. (AIZN) has a Graham intrinsic value of $331.56 per share. Over the last 10 fiscal years revenue grew 6.1% a year to $12.8B, with an average return on invested capital of 12.0%.
- Graham intrinsic value
- $331.56
- Revenue (FY2025)
- $12.8B
- Revenue growth (10-yr CAGR)
- 6.1%
- ROIC (10-yr avg)
- 12.0%
- Free cash flow (FY2025)
- $1.6B
AIZN 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $12.8B | $872.7M | $16.93 | $1.6B | — | 15.9% |
| FY2024 | $11.9B | $760.2M | $14.46 | $1.1B | — | 15.3% |
| FY2023 | $11.1B | $642.5M | $11.95 | $935.6M | — | 14.2% |
| FY2022 | $10.2B | $276.6M | $5.05 | $410.6M | — | 5.7% |
| FY2021 | $10.2B | $1.4B | $22.83 | $594.3M | — | 24.0% |
| FY2020 | $10.1B | $441.8M | $6.99 | $1.2B | — | 7.6% |
| FY2019 | $10.1B | $382.6M | $5.84 | $1.3B | — | 6.6% |
| FY2018 | $8.1B | $251.0M | $3.98 | $573.9M | — | 4.9% |
| FY2017 | $6.4B | $519.6M | $9.39 | $468.3M | — | 12.0% |
| FY2016 | $7.5B | $565.4M | $9.13 | $23.4M | — | 13.8% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
ASSURANT, INC. has demonstrated mature, steady growth, with revenue compounding at 6.1% annually over the past decade.
ASSURANT, INC. has historically struggled to out-earn its cost of capital, averaging just 7.8% ROIC.
Over the decade, ASSURANT, INC. shows that management has aggressively returned capital to shareholders by retiring 17.5% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, ASSURANT, INC. is modeled at 7.1% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $331.56 per share.