Focuses on building & maintaining a portfolio of insurance businesses, leveraging a set of core capabilities, identifying & adapting to evolving market needs & centralizing certain key functions in the Corporate segment to achieve economies of scale.
BATS data provided in real-time. NYSE, NASDAQ and AMEX data delayed 15 minutes.
Real-Time prices provided by BATS. Market data provided by Interactive Data.
Company fundamental data provided by Morningstar. Earnings Estimates and Analyst Ratings provided by Zacks.
SEC Filings and Insider Transactions provided by Edgar Online.
Powered and implemented by Interactive Data Managed Solutions. Terms & Conditions
RSS Headlines
Fool UK
Recs
Assurant has produced very strong and stable underwriting profits and has a conservative, fixed-income portfolio of investments. Combined, these two growth engines have produced returns on equity of over 15%. In the past, the market has rewarded this growth with a multiple to book of about 1.75x. Today, shares closed just shy of $32 per share, while book value as of last quarter was $37 per share. If Assurant were priced at their historical 1.75x book, they would be valued at about $65 per share. A double from here.
Does anyone have an opinion on how $AIZ will be affected by healthcare reform which will likely be passed? I am considering waiting until the day that it is passed and watching the stock slide 10% along with all other insurers and then buy. Any thoughts?