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ATLANTA - Assurant, Inc. (NYSE:AIZ) announced Thursday that its Board of Directors has authorized a new $700 million share repurchase program and increased its quarterly dividend by 10 percent. The company, currently valued at $11.36 billion by market capitalization, has seen its stock rise 7.43% year-to-date.
The new buyback authorization comes in addition to approximately $141 million remaining from the company's previous repurchase program as of October 31, 2025, according to a press release statement.
The global protection company also declared a quarterly dividend of $0.88 per share, up from $0.80, marking its 21st consecutive year of dividend increases. The dividend will be payable on December 29, 2025, to stockholders of record as of December 1, 2025. With a current dividend yield of 1.41%, InvestingPro data shows Assurant's dividend growth rate stands at 11.11% over the last twelve months.
"Assurant continues to operate from a position of strength, supported by our healthy capital position and disciplined capital management," said Keith Meier, Assurant's Chief Financial Officer. "Driven by the strong performance and cash flow of our differentiated B2B2C businesses, we are able to invest in growth while prioritizing shareholder returns."This capital efficiency is reflected in Assurant's financial metrics, with InvestingPro analysis showing the company trades at a P/E ratio of 13.87, which is relatively low compared to its growth prospects. According to InvestingPro's Fair Value assessment, Assurant appears undervalued at its current price of $227.05, trading near its 52-week high of $230.55.
The company noted that future dividend declarations will depend on various factors including earnings, financial condition, capital requirements and regulatory restrictions.
Assurant provides protection services for connected devices, homes, and automobiles in partnership with leading brands. The Fortune 500 company operates in 21 countries, offering technology solutions for customer experiences.
In other recent news, Assurant Inc. reported a robust third quarter for 2025, significantly surpassing analysts' expectations. The company achieved an earnings per share (EPS) of $5.76, well above the anticipated $4.32, resulting in a 33.33% surprise. Additionally, Assurant's revenue reached $3.23 billion, exceeding the expected $3.16 billion. This strong financial performance highlights the company's continued growth, particularly in its Lifestyle segment. In response to these results, BMO Capital raised its price target for Assurant from $238 to $246, while maintaining an Outperform rating. The firm also revised its 2025 earnings per share estimates upward by 9%, citing the company's third-quarter earnings beat and promising growth projections. These developments reflect positive momentum for Assurant and suggest sustained performance in the coming years.
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