Assurant (AIZ) · Q3 2026 results and valuation

At 7.9% growth a year (3-year revenue growth), the model's fair value is $356.34 a share — the stock trades 9% below it. Today's price assumes 6.6% growth a year.

1. Guidance

   I think Assurant feels really good about its outlook going forward On balance, very steady and very stable. And then layer on top of that, obviously, 2.6 million loans that will build over the next 12 months in terms of policies, and that will give us a nice opportunity to continue to drive growth.

2. Guidance ↑

   I'll turn it over to Keith Meyer to discuss third quarter results and Assurant's increased outlook for 2026.

Management sounded noticeably less positive answering analysts than in its prepared script — a bigger drop than in 85% of calls. Scripts are polished in advance; a drop under questioning often marks the topics analysts pressed on, so the answers deserve a closer read than the script.

Sentences that drove the tone

“As we execute on our 10th consecutive year of profitable growth, I'm incredibly proud of our performance so far in 2026, which comes on the heels of three consecutive years...”

“Cover360 remains an important growth platform for our renters' business, driving improved penetration, a more favorable product mix, and stronger customer engagement, all of which support double-digit premium growth across...”

“We continue to see strong momentum across our growing commercial equipment and lease and finance business, expanding distribution through new OEM, dealer and lending partnerships.”