Assurant (NYSE:AIZ) ROA %

: 0.82% (As of Dec. 2022)

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ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Assurant's annualized Net Income for the quarter that ended in Dec. 2022 was $272 Mil. Assurant's average Total Assets over the quarter that ended in Dec. 2022 was $33,185 Mil. Therefore, Assurant's annualized ROA % for the quarter that ended in Dec. 2022 was 0.82%.

The historical rank and industry rank for Assurant's ROA % or its related term are showing as below:

AIZ' s ROA % Range Over the Past 10 Years
Min: 0.46 Med: 1.27 Max: 3.47
Current: 0.83

During the past 13 years, Assurant's highest ROA % was 3.47%. The lowest was 0.46%. And the median was 1.27%.

AIZ's ROA % is ranked worse than
58.84% of 498 companies
in the Insurance industry
Industry Median: 1.15 vs AIZ: 0.83

Assurant ROA % Historical Data

The historical data trend for Assurant's ROA % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Assurant Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROA %

0.69

0.90

0.99

3.47

0.83

Assurant Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
ROA %																1.43	1.74	0.64	0.09	0.82

Competitive Comparison

For the Insurance - Specialty subindustry, Assurant's ROA %, along with its competitors' market caps and ROA % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Annual Data Quarterly Data

Assurant ROA % Distribution

For the Insurance industry and Financial Services sector, Assurant's ROA % distribution charts can be found below:

* The bar in red indicates where Assurant's ROA % falls in comparison to its industry or sector. The grey bar indicates the ROA %'s extreme value range as defined by GuruFocus.

Assurant ROA % Calculation

Assurant's annualized ROA % for the fiscal year that ended in Dec. 2022 is calculated as:

ROA %	=	Net Income (A: Dec. 2022 )	/	( (Total Assets (A: Dec. 2021 )	+	Total Assets (A: Dec. 2022 ))	/ count )
	=	276.6	/	( (33920.6	+	33123.8)	/ 2 )
	=	276.6	/	33522.2
	=	0.83 %

Assurant's annualized ROA % for the quarter that ended in Dec. 2022 is calculated as:

ROA %	=	Net Income (Q: Dec. 2022 )	/	( (Total Assets (Q: Sep. 2022 )	+	Total Assets (Q: Dec. 2022 ))	/ count )
	=	272.4	/	( (33245.7	+	33123.8)	/ 2 )
	=	272.4	/	33184.75
	=	0.82 %

In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data, the Net Income data used here is four times the quarterly (Dec. 2022) net income data. ROA % is displayed in the 30-year financial page.

Assurant (NYSE:AIZ) ROA % Explanation

ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.

Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:

	ROA %		(Q: Dec. 2022 )
=	Net Income	/	Total Assets
=	272.4	/	33184.75
=	(Net Income / Revenue)	*	(Revenue / Total Assets)
=	(272.4 / 10611.2)	*	(10611.2 / 33184.75)
=	Net Margin %	*	Asset Turnover
=	2.57 %	*	0.3198
=	0.82 %

Note: The Net Income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) revenue data.

Be Aware

Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).

Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.

E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.

Assurant ROA % Related Terms

Thank you for viewing the detailed overview of Assurant's ROA % provided by GuruFocus.com. Please click on the following links to see related term pages.

Assurant (NYSE:AIZ) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Assurant Inc (NYSE:AIZ) » Definitions » ROA %

Comparable Companies

Traded in Other Exchanges

AIZP.PFD:USA ZAS:Germany

Address

55 Broadway, Suite 2901, New York, NY, USA, 10006

Website

https://www.assurant.com

Assurant Inc offers a range of property-casualty, health, employee benefit, and warranty insurance to a client base made up of individuals and institutions. Its segments are Global Housing, Global Lifestyle, Corporate and Other. Global Housing segment, the key revenue-generating segment, provides lender-placed homeowners insurance, lender-placed manufactured housing insurance and lender-placed flood insurance; renters insurance and related products; and voluntary manufactured housing insurance, voluntary homeowners insurance and other specialty products. Global Lifestyle provides mobile device solutions and extended service products and related services for mobile devices, consumer electronics and appliances; vehicle protection; and credit protection and other insurance products.

Executives

Sari Beth Granat	director	C/O MARKIT LTD, 4TH FL, ROPEMAKER PLACE, 25 ROPEMAKER STREET, LONDON X0 EC2Y 9LY
Keith Meier	officer: EVP, COO	C/O ASSURANT, INC., 55 BROADWAY, SUITE 2901, NEW YORK NY 10006
Dimitry Dirienzo	officer: SVP, CAO, Controller	C/O ASSURANT, INC., 28 LIBERTY ST. 41 F., NEW YORK NY 10005
Jay Rosenblum	officer: EVP and CLO	C/O ASSURANT, INC., 28 LIBERTY ST, 41ST FL., NEW YORK NY 10005
Francesca Luthi	officer: EVP, CAO	1180 NORTH TOWN CENTER DRIVE, SUITE 100, LAS VEGAS NV 89144
Carter J Braxton Ii	director	C/O T-MOBILE US, INC., 12920 SE 38TH STREET, BELLEVUE WA 98006
Paget Leonard Alves	director	SPRINT NEXTEL, 6200 SPRINT PARKWAY KSOPHF0410 - 4A403, OVERLAND PARK KS 66251
Ognjen Redzic	director	C/O ASSURANT, INC., 28 LIBERTY STREET, 41ST FL., NEW YORK NY 10005
Tammy L. Schultz	officer: EVP	C/O ASSURANT, INC.,28 LIBERTY STREET, 41ST FLOOR, NEW YORK NY 10005
Robert Lonergan	officer: EVP, other: Chief Strategy Officer	C/O ASSURANT, INC.,28 LIBERTY STREET, 41ST FLOOR, NEW YORK NY 10005
Michael P. Campbell	officer: EVP	C/O ASSURANT, INC.,28 LIBERTY STREET, 41ST FLOOR, NEW YORK NY 10005
Keith Demmings	officer: EVP	C/O ASSURANT, INC.,28 LIBERTY STREET, NEW YORK NY 10005
Peter Mcgoohan	director	301 COMMERCE STREET,SUITE 3300, FORT WORTH TX 76102
Eric W Leathers	director	54 THOMPSON ST, NEW YORK NY 10012
Tpg Advisors Vi-aiv, Inc.	10 percent owner	301 COMMERCE STREET, FORT WORTH TX 76102