Assurant

Methodology

Assurant's specialty insurance products like device protection and warranties provide more predictable earnings than traditional P&C. Niche focus and contract-based revenue from retail partnerships create relatively stable cash flows. This works reasonably well given specialty positioning, though contract renewals and competitive dynamics impact growth trajectories.

Methodology

Assurant's PEG reflects modest valuations for a specialty insurer with steady but unspectacular growth. Device protection and housing insurance provide stability but limited expansion runway versus broader insurers. Compare to specialty insurance peers to assess whether niche positions and contract relationships justify current multiples.

Methodology

Assurant maintains modest dividends while balancing capital deployment between dividends, buybacks, and growth investments in partnerships. The specialty model generates consistent cash flow supporting returns. PEGY provides useful context for total return seekers, though yield doesn't dramatically alter valuation from PEG alone.