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

Assurant (NYSE:AIZ) Sloan Ratio %

: 0.42% (As of Dec. 2023)
View and export this data going back to 2004. Start your Free Trial

Richard Sloan from the University of Michigan was first to document what is referred to as the "accrual anomaly". His 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones.

Assurant's Sloan Ratio for the quarter that ended in Dec. 2023 was 0.42%.

As of Dec. 2023, Assurant has a Sloan Ratio of 0.42%, indicating the company is in the safe zone and there is no funny business with accruals.


Assurant Sloan Ratio % Historical Data

The historical data trend for Assurant's Sloan Ratio % 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 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Sloan Ratio %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.93 -0.37 1.25 -0.18 0.42

Assurant Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Sloan Ratio % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -0.18 -1.94 -0.52 0.73 0.42

Competitive Comparison

For the Insurance - Specialty subindustry, Assurant's Sloan Ratio %, along with its competitors' market caps and Sloan Ratio % 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.


Assurant Sloan Ratio % Distribution

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

* The bar in red indicates where Assurant's Sloan Ratio % falls into.



Assurant Sloan Ratio % Calculation

Earnings contain a lot of non cash earnings which is called accruals. The Sloan ratio is a way to identify firms with low non-cash or accrual-derived earnings relative to their cash flow.

Assurant's Sloan Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (A: Dec. 2023 )-Cash Flow from Operations (A: Dec. 2023 )
-Cash Flow from Investing (A: Dec. 2023 ))/Total Assets (A: Dec. 2023 )
=(642.5-1138.1
--637.7)/33635.2
=0.42%

Assurant's Sloan Ratio for the quarter that ended in Dec. 2023 is calculated as

Sloan Ratio=(Net Income (TTM)-Cash Flow from Operations (TTM))
-Cash Flow from Investing (TTM))/Total Assets (Q: Dec. 2023 )
=(642.5-1138.1
--637.7)/33635.2
=0.42%

Assurant's Net Income for the trailing twelve months (TTM) ended in Dec. 2023 was 113.6 (Mar. 2023 ) + 156.3 (Jun. 2023 ) + 190.1 (Sep. 2023 ) + 182.5 (Dec. 2023 ) = $643 Mil.
Assurant's Cash Flow from Operations for the trailing twelve months (TTM) ended in Dec. 2023 was 259.6 (Mar. 2023 ) + 185.4 (Jun. 2023 ) + 330.5 (Sep. 2023 ) + 362.6 (Dec. 2023 ) = $1,138 Mil.
Assurant's Cash Flow from Investing for the trailing twelve months (TTM) ended in Dec. 2023 was -229.4 (Mar. 2023 ) + -254.4 (Jun. 2023 ) + -157 (Sep. 2023 ) + 3.1 (Dec. 2023 ) = $-638 Mil.

* 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.


Assurant  (NYSE:AIZ) Sloan Ratio % Explanation

A former University of Michigan researcher, Richard Sloan's 1996 paper found that shares of companies with small or negative accruals vastly outperform (+10%) those of companies with large ones. In fact, for the 40-year period between 1962 and 2001, buying the lowest accrual companies and shorting the highest accrual companies resulted in an average annual compounded return of 18%, more than double the S&P 500's 7.4% annual return over the same period.

According to How to Beat the Market with the Sloan Ratio:

If the Sloan Ratio is between -10% and 10%, the company is in the safe zone and there is no funny business with accruals.

If the Sloan Ratio is less than between -25% and -10% on the negative side, and between 10% and 25% on the positive side, this is a warning stage of accrual build up.

If the Sloan Ratio is less than -25% or greater than 25%, and this ratio is consistent over several quarters or even years, be careful. Earnings are highly likely to be made up of accruals.

As of Dec. 2023, Assurant has a Sloan Ratio of 0.42%, indicating the company is in the safe zone and there is no funny business with accruals.


Assurant Sloan Ratio % Related Terms

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


Assurant (NYSE:AIZ) Business Description

Traded in Other Exchanges
Address
260 Interstate North Circle SE, Atlanta, GA, USA, 30339
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 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, the key revenue-generating segment, 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
Jay Rosenblum officer: EVP and CLO C/O ASSURANT, INC., 28 LIBERTY ST, 41ST FL., NEW YORK NY 10005
Dimitry Dirienzo officer: SVP, CAO, Controller C/O ASSURANT, INC., 28 LIBERTY ST. 41 F., NEW YORK NY 10005
Richard S Dziadzio officer: EVP, CFO, and Treasurer C/O ALLIANCE CAPITAL, 1345 AVENUE OF THE AMERICAS, NEW YORK NY 10105
Francesca Luthi officer: EVP, CAO 1180 NORTH TOWN CENTER DRIVE, SUITE 100, LAS VEGAS NV 89144
Robert Lonergan officer: EVP, other: Chief Strategy Officer C/O ASSURANT, INC.,28 LIBERTY STREET, 41ST FLOOR, NEW YORK NY 10005
Rajiv Basu director C/O ASSURANT, INC., 260 INTERSTATE NORTH CIRCLE, S.E., ATLANTA GA 30339
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
Alan B. Colberg officer: EVP, Marketing & Bus. Dev. ASSURANT, INC., ONE CHASE MANHATTAN PLAZA, 41 FL., NEW YORK NY 10005
Gene Mergelmeyer officer: Executive Vice President, other: Pres., Assur. Spec. Property ASSURANT, INC., 28 LIBERTY ST. 41 FLOOR, NEW YORK NY 10005
Carter J Braxton Ii director C/O T-MOBILE US, INC., 12920 SE 38TH STREET, BELLEVUE WA 98006
Charles John Koch director CITIZENS FINANCIAL GROUP, INC., 600 WASHINGTON BLVD., CS119N, STAMFORD CT 06901
Tammy L. Schultz officer: EVP C/O ASSURANT, INC.,28 LIBERTY STREET, 41ST FLOOR, NEW YORK NY 10005
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

Assurant (NYSE:AIZ) Headlines

From GuruFocus

Q4 2018 Assurant Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q3 2022 Assurant Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q3 2019 Assurant Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Assurant Inc at KBW Insurance Conference Transcript

By GuruFocus Research 01-22-2024

Q4 2021 Assurant Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q4 2019 Assurant Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q3 2020 Assurant Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q1 2020 Assurant Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q4 2022 Assurant Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024

Q1 2023 Assurant Inc Earnings Call Transcript

By GuruFocus Research 01-22-2024