Ashleigh Rogers
Long/short equity, growth at reasonable price, value, banks

Assurant Aided By Catastrophe Free 2013, But Regulations Still Present Challenges

Executive summary:

  • Specialty insurer Assurant faces regulatory headwinds in their property insurance segment and a rapidly changing market in the health insurance segment.
  • The company recently reported strong earnings and book value growth on the back of a benign natural disaster environment in 2013.
  • While the stock is only trading 10% above book value, earnings look set to decline this year.
  • This and the overall uncertainty in two important segments make the stock a 'Hold'.


Last August when I originally wrote about insurance company Assurant (NYSE:AIZ), I stressed my concerns over the expensive and misguided new regulations being put in place that would burden the industry and ultimately consumers. While 2013 proved to be a better year...

Join Seeking Alpha PRO to read this archived article and 11,574 other archived articles
IDEA GENERATORXExclusive access to 10 PRO ideas every day
INVESTING IDEAS LIBRARYXExclusive access to PRO library of more than 15,000 ideas
SECTOR EXPERT NETWORKXExclusive access to all sector experts for direct consultation
PERFORMANCE TRACKINGXTrack performance of all PRO stock ideas
PROFESSIONAL TOOLSXProfessional Idea Filters to zero-in based on industry, market cap and more
"In just the first month of using PRO, I used it to generate two ideas which were actionable for me. As a result of these two positions, I have earned more than 20 times the annual subscription costs for PRO."Michael Yagemann, Greenbridge Capital
"I am pleasantly surprised with the scope of small and mid-cap coverage PRO offers. You can't find that any where else."Patrick Rice, Mainstay Capital Management
You may cancel at any time for any reason, and receive a prompt refund for membership on months paid and not used (max. 6 months). Details