Business Analysis of Assurant

 Analyze Historical Performance, Strategic Priorities, And Business Improvement Opportunities of Assurant

ASSURANT

Business Overview

Assurant, Inc., through its subsidiaries, provides risk management solutions for housing and lifestyle markets worldwide. The company's Global Housing segment provides lender-placed, homeowners, voluntary manufactured housings, and floods insurance services; renters insurance and related products; and mortgage solutions comprising property inspection and preservation services, valuation and title services, and other property risk management services. Its Global Lifestyle segment offers mobile device protection products and related services, and extended service contracts for consumer electronics and appliances; vehicle protection services; and credit and other insurance services. The company's Global Preneed segment provides pre-funded funeral insurance and annuity products. The company was formerly known as Fortis, Inc. and changed its name to Assurant, Inc. in February 2004. Assurant, Inc. was founded in 1969 and is headquartered in New York, New York.

Assurant

Assurant


R&P Rank: 364
Sector: Insurance
Industry:Diversified Insurance
H.Q Location:New York
Website: www.assurant.com
Company Address:
28 LIBERTY STREET, 41ST FLOOR, NEW YORK NY 10005
Ph:212-859-7000

Business Analysis of Assurant

The Insurance Sector is witnessing a major shakeup, new age business models in the industry are transforming both customers and businesses. Faced with this uncertainity, companies are investing resources to transform their business. An in-depth business analysis is a valuable resource to identify and articulate the need for a business model change. At R&P Research we believe, the starting point for a business analysis is Benchmarking. Business benchmarking can be done at various levels: 1) Industry Benchmarking 2) Peer Benchmarking 3) Disruptors Benchmarking. In this report, we share the snapshot of how Assurant compares against the industry on the major performance indicators. This analysis, along with peer group/disruptors benchmarking and revenue model understanding can help identify growth and cost optimization opportunities to maximize the value delivered by Assurant to its stakeholders. R&P Research Industry Intelligence Platform provides historical data for last 15 years with an easy to use benchmarking interface for an in-depth comparative business analysis.

Here is the performance snapshot of Assurant with an interactive chart.

  1. Revenue Growth: Assurant reported a revenue growth of -27.1% year-on-year during 2016. Diversified Insurance Industry grew at 0.6% in the same period
  2. COGS share of Revenues: As a percentage of revenue, Assurant spent 24.0% of its total revenues on COGS. Diversified Insurance industry average (COGS share of revenue) in the same period was 54.2%
  3. R&D share of Revenues: Assurant R&D share of Revenues details are not available because either company does not share the data or we do not have it
  4. SG&A share of Revenues: As a percentage of revenue, Assurant spent 45.7% of its total revenues on Sales, Marketing, and General Administration (SG&A). Diversified Insurance industry average SG&A spending in the same period was 21.6%
  5. Inventory share of Revenues: Assurant Inventory share of Revenues details are not available because either company does not share the data or we do not have it
  6. Accounts Payable share of Revenues: As a percentage of revenue, Assurant invested 76.6% of its total revenues on Accounts Payable (A/P) Diversified Insurance industry average Accounts Payable investment in the same period was 12.0%
  7. Accounts Receivable share of Revenues: As a percentage of revenue, Assurant invested 136.8% of its total revenues on Accounts Receivable (A/R). Diversified Insurance industry average Accounts Receivable investment in the same period was 37.0%
  8. PP&E share of Revenues: As a percentage of revenue, Assurant invested 4.6% of its total revenues on Property, Plants, and Equipments (PP&E). Diversified Insurance industry average PPE investment in the same period was 3.4%
  9. Intangibles share of Revenues: As a percentage of revenue, Assurant invested 14.2% of its total revenues on Intangibles. Diversified Insurance industry average Intangibles investment in the same period was 6.9%
  10. Net Margins: Assurant Net Margins in the year 2016 were 7.5%. Diversified Insurance industry average Net Margins in the same period were 10.2%

Sector and Industry Association of Assurant

For the purpose of performance benchmarking of a company with a sector or industry average, R&P Research associates every company with one sector and one industry. An industry consists of companies with related/similar business models. A sector comprises of a group of related/similar industries. For high-level analysis purposes, related/similar sectors are grouped into sector groups.

Assurant is associated with Financials Sector Group, Insurance Sector, and Diversified Insurance Industry.

Insurance sector is comprised of the following industries: Life Insurance; Property & Casualty Insurance; Surety & Title Insurance; Insurance Brokerage; Diversified Insurance. The definitions for each of the industries is as follows:

  • Life Insurance industry includes companies engaged principally in life insurance.
  • Property & Casualty Insurance industry includes companies engaged principally in accident, fire, automotive, marine, malpractice and other classes of non-life insurance.
  • Surety & Title Insurance industry includes companies providing title & surety insurance.
  • Insurance Brokerage industry includes insurance brokers and agencies.
  • Diversified Insurance industry includes companies with life, health, property & casualty, and reinsurance interests, none of which predominates.

Industry Ranking of Assurant

With $7.5 billion revenues, Assurant ranked number 4 of all the companies in the US Diversified Insurance industry. There were a total of 7 public companies in the US Diversified Insurance industry that had revenues greater than $50 million during 2016.

The top companies in the US Diversified Insurance industry by revenues during 2016 were:

  1. Aflac ($22.6 billion)
  2. Principal Financial Group ($12.4 billion)
  3. Unum Group ($11 billion)
  4. Assurant ($7.5 billion)
  5. CNO Financial Group ($4 billion)
  6. ProaAsurance ($870.2 million)
  7. Greenlight Capital ($588.4 million)

Business Model Analysis (BMA) Framework

We use the following framework to assess the business model of a company. Business Model Analysis framework can be used by organizations to articulate growth strategies and identify cost optimization opportunities. Technology and consulting companies can use this framework to identify the value drivers and pain points of their targeted customers. Entrepreneurs can use this framework to understand the language of business and identify promising business opportunities. This framework can be used by any professional aspiring to take up a leadership role to better understand the businesses challenges, articulate growth strategy, and monitor the business improvement requirements for the organization.

Next Steps

  • Conduct a holistic benchmarking; to identify and target additional sources of value
  • Get in touch with us to learn more about Business Model Analysis Framework
  • Get free data, charts, and analysis of Assurantand its peers on select key performance indicators by clicking the reports provided below

Industry Peers and Competitors of assurant

Aflac (AFL) Business Analysis – Analyze Historical Performance, Strategic Priorities, And...

Aflac Inc with $23 billion revenues in the year 2016 was the number 1 Diversified Insurance company. Read this report to know the top competitors of Aflac and identify growth and cost optimization opportunities of Aflac

Principal Financial Group (PFG) Business Analysis – Analyze Historical Performance, Strategic...

Principal Financial Group Inc with $12 billion revenues in the year 2016 was the number 2 Diversified Insurance company. Read this report to know the top competitors of Principal Financial Group and identify growth and cost optimization opportunities of Principal Financial Group

Unum Group (UNM) Business Analysis – Analyze Historical Performance, Strategic Priorities,...

Unum Group with $11 billion revenues in the year 2016 was the number 3 Diversified Insurance company. Read this report to know the top competitors of Unum Group and identify growth and cost optimization opportunities of Unum Group

CNO Financial Group (CNO) Business Analysis – Analyze Historical Performance, Strategic...

CNO Financial Group, Inc. with $4 billion revenues in the year 2016 was the number 5 Diversified Insurance company. Read this report to know the top competitors of CNO Financial Group and identify growth and cost optimization opportunities of CNO Financial Group

ProaAsurance (PRA) Business Analysis – Analyze Historical Performance, Strategic Priorities, And...

ProaAsurance Corp with $870 million revenues in the year 2016 was the number 6 Diversified Insurance company. Read this report to know the top competitors of ProaAsurance and identify growth and cost optimization opportunities of ProaAsurance

Greenlight Capital (GLRE) Business Analysis – Analyze Historical Performance, Strategic Priorities,...

Greenlight Capital Re, Ltd. with $588 million revenues in the year 2016 was the number 7 Diversified Insurance company. Read this report to know the top competitors of Greenlight Capital and identify growth and cost optimization opportunities of Greenlight Capital

Revenues Analysis

Assurant (AIZ) Revenues And Revenue Growth From 2012 To 2016

This report provides the last five years revenues and revenue growth of Assurant Inc (AIZ) from 2012 to 2016. Assurant generated a total of $7.5 billion revenues during 2016. Assurant reported a revenue growth of -27.1% year-over-year during 2016. The revenues and the revenue growth correspond to the fiscal year ending in December.

Assurant (AIZ) Revenues And Revenue Growth From 2002 To 2016

This report provides the last fifteen years revenues and revenue growth of Assurant Inc (AIZ) from 2002 to 2016. Assurant generated a total of $7.5 billion revenues during 2016. Assurant reported a revenue growth of -27.1% year-over-year during 2016. The revenues and the revenue growth correspond to the fiscal year ending in December.

Assurant (AIZ) Revenue Growth Comparison With Industry Growth From 2012 To...

This report provides a comparison of Assurant Inc (AIZ) revenue growth with Diversified Insurance industry growth during the last five years from 2012 to 2016. Assurant reported a revenue growth of -27.1% year-over-year during 2016. The Diversified Insurance industry growth was 0.6% year-over-year during 2016. Assurant growth was slower than the industry during 2016.

Profit Analysis

Assurant (AIZ) Net Profit And Net Margin From 2012 To 2016

This report provides the last five years net profit and net margin of Assurant Inc (AIZ) from 2012 to 2016. Assurant reported a total net income of $565.4 million during 2016. Assurant generated a total of $7.5 billion revenues during 2016. Assurant net profit margin was 7.5% during 2016. The net profit and the net profit margin correspond to the fiscal year ending in December.