AI Takeaway
Assurant (AIZ) delivered a strong Q1 FY2026 with revenue rising 11.3% YoY to $3.42B and net income nearly doubling (+87.0%) to $274.1M, though operating cash flow declined sharply by 38.8%.
Revenue
$3.42B
++11.26% YoY
EPS (Basic)
$5.47
++91.26% YoY
Filed · Analysis updated · Source: SEC EDGAR 10-Q filing
Total revenue grew 11.3% year-over-year to $3.42B in Q1 FY2026, up from $3.07B in the prior-year period, reflecting solid top-line momentum likely driven by premium growth and expanded client relationships in Assurant's specialty insurance and lifestyle protection segments.
Source: Source: 10-Q Income Statement (XBRL Financial Data)
Net income surged 87.0% to $274.1M from $146.6M in Q1 FY2025, suggesting significant improvement in underwriting profitability, favorable loss experience, or reduced one-time charges relative to the prior year period.
Source: Source: 10-Q Income Statement (XBRL Financial Data)
Diluted EPS jumped 91.2% to $5.41 from $2.83, outpacing net income growth, which indicates that share buybacks — totaling $124.2M in Q1 FY2026 vs. $64.3M in Q1 FY2025 — contributed meaningfully to per-share earnings improvement.
Source: Source: 10-Q Income Statement & Cash Flow Statement (XBRL Financial Data)
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Upgrade to unlockAssurant's debt-to-equity ratio stands at approximately 5.09x, indicating the company carries substantial financial leverage relative to its equity base. This level of leverage could amplify losses during adverse underwriting periods or economic downturns and may limit financial flexibility for strategic investments.
Source: Source: 10-Q Balance Sheet (XBRL Financial Data)
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Upgrade to unlockReported EPS of $5.95 versus the $5.35 analyst consensus — a +11.3% beat for Q1 FY2026.
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue | $3.42B | $3.07B | +11.26% |
Net Income | $274.1M | $146.6M | +86.97% |
EPS (Basic) | $5.47 | $2.86 | +91.26% |
EPS (Diluted) | $5.41 | $2.83 | +91.17% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Total Assets | $35.77B | $34.99B | +2.23% |
Total Liabilities | $29.9B | $29.75B | +0.49% |
Stockholders' Equity | $5.87B | $5.23B | +12.14% |
Cash & Equivalents | $1.59B | $1.67B | -4.67% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Operating Cash Flow | $240.3M | $392.4M | -38.76% |
Investing Cash Flow | $-282.3M | $-421.6M | +33.04% |
Financing Cash Flow | $-202.6M | $-118.7M | -70.68% |
Share Buybacks | $124.2M | $64.3M | +93.16% |
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Net Margin | 8.0% | — | — |
ROE | 4.7% | — | — |
ROA | 0.8% | — | — |
Debt to Equity | $5.094 | — | — |
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Assurant (AIZ) had a strong Q1 FY2026, with revenue rising 11.3% YoY to $3.42B and net income surging 87.0% to $274.1M. Diluted EPS came in at $5.41, up 91.2% from $2.83 in Q1 FY2025, reflecting both improved profitability and the benefit of share buybacks.
AIZ's net income jumped 87.0% YoY to $274.1M in Q1 FY2026, compared to $146.6M in the prior-year period, suggesting a significant improvement in underwriting results or a reduction in losses and one-time charges. The exact drivers are not detailed in the available filing text, but the improvement far outpaced the 11.3% revenue growth, implying meaningful margin expansion.
Assurant's balance sheet shows total assets of $35.77B and stockholders' equity of $5.87B, but the company carries a high debt-to-equity ratio of 5.09x, which is typical for specialty insurers. Cash and equivalents stood at $1.59B, down 4.7% YoY, and operating cash flow declined 38.8% to $240.3M, which is a key metric to watch despite strong reported earnings.
Yes, Assurant nearly doubled its share repurchase activity in Q1 FY2026, buying back $124.2M worth of shares compared to $64.3M in Q1 FY2025, a 93.2% increase. This contributed to the 91.2% surge in diluted EPS, as the reduced share count amplified per-share earnings growth beyond the net income improvement alone.
AIZ's operating cash flow fell 38.8% YoY to $240.3M in Q1 FY2026, even as net income rose 87.0% to $274.1M — a significant divergence. This gap likely reflects working capital changes, claims payment timing, or reinsurance-related cash movements, and investors should monitor whether this trend persists in subsequent quarters.