Assurant Stock Fair Value – ASSURANT Reports 8.8% Increase in Total Revenue for 2nd Quarter of FY2023
August 4, 2023
☀️Earnings Overview
For the second quarter of its fiscal year 2023, ASSURANT ($NYSE:AIZ) reported total revenue of USD 2731.6 million, which is an 8.8% increase from the same period in the previous financial year. The company also saw considerable growth in their net income, reaching USD 156.3 million, a rise of 199.4% from the year before.
Analysis – Assurant Stock Fair Value
GoodWhale conducted an analysis of ASSURANT‘s wellbeing and determined the intrinsic value of its shares to be around $113.4 through our proprietary Valuation Line. This overvaluation could be due to a number of factors such as investor speculation or an increase in demand due to positive news about the company. It is important to note that this overvaluation, while present, is not too concerning and could be the result of short-term market conditions. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Assurant. ASSURANT_Reports_8.8_Increase_in_Total_Revenue_for_2nd_Quarter_of_FY2023″>More…
| Total Revenues | Net Income | Net Margin |
| 10.57k | 345.3 | 3.3% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Assurant. ASSURANT_Reports_8.8_Increase_in_Total_Revenue_for_2nd_Quarter_of_FY2023″>More…
| Operations | Investing | Financing |
| 1.36k | -262.1 | -818.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Assurant. ASSURANT_Reports_8.8_Increase_in_Total_Revenue_for_2nd_Quarter_of_FY2023″>More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 33.1k | 28.62k | 84.4 |
Key Ratios Snapshot
Some of the financial key ratios for Assurant are shown below. ASSURANT_Reports_8.8_Increase_in_Total_Revenue_for_2nd_Quarter_of_FY2023″>More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 1.4% | – | 5.3% |
| FCF Margin | ROE | ROA |
| 11.0% | 7.9% | 1.1% |
Peers
The Company’s segments include Assurant Health, Assurant Solutions, Assurant Specialty Property and Assurant General Insurance. Assurant Health provides medical stop-loss insurance, dental insurance, and related products to small and large group customers, individuals and health savings account (HSA)holders in the United States. Assurant Solutions markets and underwrites property and casualty insurance products and services, including extended service contracts, vehicle protection products, pre-funded funeral insurance, and renters insurance to financial institutions, retailers and other businesses in the United States and Canada. Assurant Specialty Property provides lender-placed homeowners insurance, manufactured housing homeowners insurance, renters insurance, flood insurance and related products in the United States. Assurant General Insurance offers property, casualty and multi-line package insurance products for the rental housing industry, manufactured housing industry, mortgage industry and general insurance industry in the United States.
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James River Group Holdings Ltd is a Bermuda-based holding company. The Company’s segments include Excess and Surplus Lines, Specialty Admitted Insurance, Reinsurance, and Corporate. The Excess and Surplus Lines segment provides excess and surplus lines insurance on a direct and reinsurance basis to policyholders located in the United States. The Specialty Admitted Insurance segment provides admitted insurance on a direct and reinsurance basis to policyholders located in the United States. The Reinsurance segment provides reinsurance on a direct and reinsurance basis to policyholders located in the United States. The Corporate segment includes the general operations of the Company.
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First American Financial Corporation is a provider of title insurance and settlement services to the real estate and mortgage industries in the United States. The company has a market cap of $4.61 billion and a return on equity of 15.64%. First American Financial Corporation operates through three segments: Title Insurance, Settlement Services, and Specialty Insurance. The Title Insurance segment issues title insurance policies on residential and commercial property. The Settlement Services segment provides closing and escrow services for residential and commercial real estate transactions. The Specialty Insurance segment offers insurance products and services for the mortgage and automotive industries.
Summary
ASSURANT is an attractive investment option given its strong financial performance in Q2 of FY2023. Revenue was up 8.8% compared to the prior year, totaling USD 2731.6 million. Net income also rose significantly, up 199.4%, amounting to USD 156.3 million. The company’s strong gains demonstrate its fiscal health and make it an attractive investment opportunity for investors looking for strong returns.
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