Assurant (AIZ) kicked off 2026 with Q1 revenue of US$3.4 billion and basic EPS of US$5.51, alongside net income excluding extra items of US$274.1 million, setting a clear marker for how the year is starting to shape up. Over recent quarters the company has seen revenue move from US$3.1 billion in Q1 2025 to US$3.4 billion in Q1 2026. Basic EPS has ranged between US$2.86 and US$5.23 in 2025 before reaching US$5.51 this quarter, giving you a clear view of how the income line has been tracking. With a trailing net profit margin of 6.8% and earnings growth outpacing revenue, the focus now turns to how durable these margins look as the year unfolds.

See our full analysis for Assurant.

With the latest results on the table, the next step is to see how these numbers line up with the prevailing narratives about Assurant's growth, quality of earnings, and long term potential.

Margins Backed by US$992.5m Trailing Profit

• Over the last 12 months, Assurant earned US$992.5m in net income excluding extra items on US$13.2b of revenue, which lines up with the 6.8% trailing net profit margin you saw referenced earlier.
• Analysts' consensus view links that margin profile to growing protection services, pointing to connected devices and renters insurance as key drivers.
  • The consensus narrative highlights 2.4 million net new device protection subscribers and expanding smart home and renters products as helping support recurring revenue that sits behind the US$13.2b trailing top line.
  • Those recurring style products are described as giving more stability to earnings, which fits with trailing net income holding close to US$1.0b.

EPS Near US$19.77 TTM Supports Growth Story

• On a trailing basis, basic EPS is US$19.77, compared with quarterly figures between US$2.86 and US$5.51 over the last five reported quarters. This gives you a sense of the earnings power spread across a full year versus any single period.
• Consensus narrative suggests that AI and automation are helping profitability, and the trailing EPS level gives some backing to that bullish angle while still leaving questions about execution.
  • The view that AI and automation are improving efficiency in claims and trade in processes sits alongside a margin profile that moved from 6.3% to 6.8%. This is consistent with earnings growing faster than the US$13.2b trailing revenue.
  • At the same time, revenue is forecast to grow around 5.9% a year versus a cited US market figure of 11.2%. As a result, the bullish case leans heavily on efficiency gains and product mix rather than faster top line expansion.

Curious how this profit trend lines up with where bulls think the story can go over the next few years 🐂 Assurant Bull Case

DCF Fair Value of US$501.08 vs US$236.61 Price

• The stock trades at US$236.61 against a DCF fair value estimate of about US$501.08 and a P/E of 13.6x compared with peer and industry averages of 12.9x and 11.3x. The modelled upside therefore sits alongside a valuation multiple that is already above those groups.
• Critics highlight that slower forecast revenue growth and recent insider selling sit uneasily with a DCF fair value that is more than double the current price.
  • Revenue is projected to grow around 5.9% a year, which is below the 11.2% figure given for the wider US market, so skeptics question whether a P/E above peers is justified if the top line is expanding at a slower pace.
  • Recent insider selling is flagged as a risk factor next to that 1.48% dividend yield, which means anyone leaning on the DCF fair value needs to weigh those internal signals and growth rates carefully.

Skeptical about whether the current price and growth mix really support that DCF fair value gap 🐻 Assurant Bear Case

Next Steps

To see how these results tie into long-term growth, risks, and valuation, check out the full range of community narratives for Assurant on Simply Wall St. Add the company to your watchlist or portfolio so you'll be alerted when the story evolves.

Given the mix of confidence and concern running through this story, it makes sense to scan the numbers yourself, weigh the trade offs, and see what stands out for your portfolio. You can start with the 4 key rewards and 1 important warning sign

See What Else Is Out There

Assurant pairs a P/E above peers with revenue that is projected to grow more slowly than the wider US market, which can leave growth oriented investors underwhelmed.

If that growth and valuation mix feels tight, it makes sense to widen your search and use the 48 high quality undervalued stocks to spot stocks where earnings power and price are more closely aligned.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.