AIZ Stock: Insider Activity, Filings & Research

Assurant, Inc. (AIZ) — Drillr’s hub for AIZ insider activity, SEC filings, earnings signals and AI research. Over the trailing 3 months, AIZ insiders filed 0 open-market buys and 6 sales (SEC Form 4).

Sentiment

0/100

Buys (3m)

Sells (3m)

Net (3m)

-$7.9M

Insider trades by month Buys Sells

May

Aug

Sep

Oct

Mar

May

Context3-month price +7.1%Institutions mixed (13F)

Date	Insider	Type	Shares	Price
May 27, 2026	DiRienzo Dimitryofficer: SVP, CAO, Controller	Sell	2,000	$255.68
May 26, 2026	ROSEN ELAINEdirector	Grant	668	—
May 26, 2026	EDELMAN HARRIETdirector	Grant	668	—
May 26, 2026	Basu Rajivdirector	Grant	668	—
May 26, 2026	WARREN KEVIN Mdirector	Grant	668	—
May 26, 2026	Blake Lynn S.director	Grant	668	—
May 26, 2026	Redzic Ognjendirector	Grant	668	—
May 26, 2026	Carter J Braxton IIdirector	Grant	668	—
May 26, 2026	Granat Sari Bethdirector	Grant	668	—
May 26, 2026	Reilly Paul Jdirector	Grant	668	—
May 18, 2026	MEIER KEITHofficer: EVP, Chief Financial Officer	Sell	25,000	$254.31
May 15, 2026	Rosenblum Jayofficer: EVP, Chief Legal Officer	Sell	2,000	$251.77
Apr 3, 2026	Biju Nairofficer: EVP, Pres, Global Conn Living	Tax	1,108	$216.33
Apr 3, 2026	Lumsden Ryanofficer: EVP, Pres, Global Housing	Tax	557	$216.33
Apr 3, 2026	Sengupta Subhashishofficer: EVP, Chief People Officer	Tax	149	$216.33

Source: AIZ SEC Form 4 filings, latest May 27, 2026. For informational purposes only — not investment advice.

Overview

Assurant, Inc. (NYSE:AIZ) is a specialty insurance and services company founded in 1892 and headquartered in New York. Originally known as Fortis, Inc., the company changed its name to Assurant in February 2004 when it went public. With over 130 years of history, Assurant has evolved from a traditional insurance provider into a diversified lifestyle and housing solutions company that protects and connects consumer purchases across North America, Latin America, Europe, and the Asia Pacific region.

Business

Assurant operates as a specialty insurance and services provider focused on protecting consumer purchases and lifestyle needs. The company's business is organized into two primary segments that serve distinct markets: Global Lifestyle segment (approximately 60% of revenue) provides protection solutions for mobile devices and vehicles. The Connected Living business offers mobile device protection plans that cover smartphones, tablets, and other consumer electronics against damage, loss, and theft. These plans are typically sold through wireless carriers like Verizon and T-Mobile, providing customers with device replacement, repair services, and technical support. The Global Automotive division provides vehicle protection services including extended warranties, guaranteed asset protection (GAP) insurance, and vehicle service contracts that cover mechanical breakdowns and repairs beyond manufacturer warranties. Global Housing segment (approximately 40% of revenue) focuses on property-related insurance solutions. The primary offering is lender-placed homeowners insurance, which mortgage lenders purchase to protect their financial interest when borrowers fail to maintain adequate insurance coverage on their homes. This segment also provides manufactured housing insurance, flood insurance, and renters insurance. The renters insurance business has grown significantly through partnerships with property management companies, offering coverage for tenants' personal belongings and liability protection. The company operates in specialized insurance markets where it can leverage partnerships with large distributors like wireless carriers, automotive dealers, mortgage lenders, and property managers. These partnerships allow Assurant to reach consumers at the point of purchase when protection needs are most apparent, rather than competing in traditional direct-to-consumer insurance markets.

Revenue model

Assurant generates revenue primarily through insurance premiums and service fees collected from consumers who purchase protection plans. In the Global Lifestyle segment, customers pay monthly or annual premiums for device protection plans (typically $7-15 per month per device) and vehicle protection services. The company also earns revenue from deductibles, service fees, and device trade-in programs. In the Global Housing segment, revenue comes from insurance premiums paid by mortgage lenders for lender-placed policies and by consumers for renters insurance and voluntary homeowners coverage. The company's business model benefits from several factors that can improve margins. Scale economies allow Assurant to spread fixed costs across large customer bases, particularly important given its partnerships with major wireless carriers and lenders. Operational efficiency improvements through automation, artificial intelligence, and digital claims processing help reduce service costs. Favorable loss experience occurs when actual claims are lower than expected, particularly in housing where catastrophic weather events are the primary driver of losses. Conversely, several factors can pressure margins. Inflation significantly impacts costs, especially in the automotive segment where parts and labor costs have risen substantially, and in housing where construction and repair costs affect claim severity. Catastrophic weather events create large, unpredictable losses in the housing segment. Technology disruption poses risks to device protection as smartphones become more durable and consumers change replacement behaviors. Competitive pressure from direct-to-consumer insurers and technology companies entering protection services could compress pricing power.

Competitive moat

Assurant's competitive moat stems primarily from its embedded distribution partnerships and specialized market positioning. The company has built strong, long-term relationships with major wireless carriers, automotive dealers, and mortgage lenders who integrate Assurant's services into their customer experience. These partnerships create switching costs for distributors and provide Assurant with access to customers at the moment of purchase when protection needs are most salient. The company's scale advantages in claims processing, device logistics, and reinsurance relationships also create operational barriers for smaller competitors. However, this moat has notable vulnerabilities. The concentration risk from relying on large distribution partners means contract renewals are critical events that can significantly impact business performance. Technology companies like Apple and Google increasingly offer their own device protection services, potentially disintermediating traditional insurers. In housing, the lender-placed insurance market faces regulatory scrutiny and potential changes in mortgage industry practices. The specialized nature of Assurant's markets provides some protection from broad-based competition, but also limits growth opportunities and creates dependence on specific industry dynamics. The moat appears moderately strong in the near term due to established partnerships and operational scale, but faces long-term pressure from technological disruption and changing consumer behaviors around device ownership and protection needs.

Risks & safety

Assurant maintains a solid financial position with manageable leverage and strong liquidity, though typical insurance industry metrics apply. • Liquidity and Cash Position: $1.8 billion in cash and short-term investments with strong operating cash flow generation of $1.3 billion annually • Debt Management: Debt-to-equity ratio of 0.41, indicating moderate leverage typical for insurance companies • Solvency: Current ratio of 5.7 demonstrates strong ability to meet short-term obligations • Valuation Metrics: Trading at 14.6x earnings and 9.9x EBITDA, reasonable for a specialty insurer • Profitability: ROE of 14.9% indicates efficient capital utilization • Capital Returns: Consistent dividend payments with 20-year increase streak and $200-300 million annual share repurchase program • Insurance-Specific Risks: Catastrophe exposure managed through $1.8 billion reinsurance program, though weather events remain unpredictable

Recent development

Over the past few years, Assurant has executed a strategic transformation focused on expanding its core lifestyle and housing businesses while exiting non-core operations. In the Global Lifestyle segment, the company has secured major contract renewals with its four largest mobile device protection clients, representing over 40 million protected devices, and launched new programs including T-Mobile's Protection 360 HomeTech and Verizon's Total Wireless protection plan. The company has invested heavily in operational capabilities, opening a new device care center in Nashville with automation and AI technologies, and acquired iSmash in the UK to expand tech repair capabilities. The Global Housing segment has experienced dramatic growth, with adjusted EBITDA doubling from $400 million in 2022 to over $900 million in 2024. This growth has been driven by market hardening in voluntary homeowners insurance, leading to increased lender-placed policy placements, and expansion in the renters insurance market through property management company partnerships. The company has also modernized its catastrophe reinsurance program, transitioning to a single April 1st placement and increasing per-event retention to $150 million while securing nearly $1.8 billion in loss coverage. Strategic exits include winding down the sharing economy business and reducing exposure to international catastrophe-prone housing markets. The company has also expanded its service offerings beyond traditional insurance, launching Assurant Tech Pro for resident troubleshooting services and forming new partnerships like the multi-year contract expansion with Chase for card benefits services.

AIZ company profile · for informational purposes only — not investment advice.

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