Assurant dividend
MyStockButler's October 2026 analysis: Assurant's base forecast raises dividends from $3.68 per share to $3.84 and then $4.00. From 2023 through 2025, earnings comfortably covered dividends and repurchases.
How much does Assurant pay in dividends?
Base dividends rise from $3.68 per share to $3.84 and then $4.00. This extends the record of annual increases while keeping growth measured. The bear case holds the current annualized rate at $3.52, because claims and capital needs could pause increases. The bull case reaches $3.76, $4.04 and $4.36 if Lifestyle growth produces stronger remittances.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Net income from continuing operations | 872.7 | 760.2 | 642.5 | 276.6 | 602.9 |
| EPS from continuing operations, diluted | 16.93 | 14.46 | 11.95 | 5.05 | 10.03 |
| Dividend per share | 3.28 | 2.96 | 2.82 | 2.74 | 2.66 |
| Operating return on equity | 16.5% | 15.2% | 15.4% | 11.3% | 12.1% |
What this means. The operating return on equity uses the company's adjusted profit and a specially adjusted measure of shareholders' money, so it may differ from a percentage calculated using net income and total shareholders' equity.
Are Assurant's dividends covered by its cash?
Buybacks were unusually high in 2021 and 2022, when total distributions exceeded earnings from continuing operations after preferred claims. From 2023 through 2025, earnings comfortably covered dividends and repurchases. The earlier surge followed the Preneed sale, so returning more than one year’s earnings did not automatically mean borrowing to fund distributions.
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| − Dividends declared on common shares | 168.4 | 155.9 | 152.3 | 150.2 | 157.6 |
| − Share buybacks | 303.7 | 307.4 | 193.1 | 572.8 | 839.3 |
| = Kept to grow and build capital | 400.6 | 296.9 | 297.1 | ||
| = Paid out more than continuing-operations earnings | 446.4 | 398.7 | |||
| Paid out, % of continuing-operations earnings after preferred claims | 54.1% | 60.9% | 53.8% | 261.4% | 166.6% |
What could change Assurant's dividend?
The view moves toward the bear case if 2027–2028 results show higher ordinary or catastrophe claims, a rising Housing combined ratio, or no further reserve benefit.
| October 2027 | October 2028 | October 2029 | |
|---|---|---|---|
| Earnings | 1,120 (900 / 1,200) | 1,176 (855 / 1,320) | 1,235 (880 / 1,452) |
| Shares (millions) | 48.05 (48.15 / 47.85) | 47.25 (47.55 / 46.85) | 46.45 (46.95 / 45.85) |
| Dividends per share | 3.68 (3.52 / 3.76) | 3.84 (3.52 / 4.04) | 4.00 (3.52 / 4.36) |
| Price to earnings | 13.00 (10.50 / 15.00) | 13.00 (10.00 / 16.00) | 13.00 (10.00 / 17.00) |
What this means. The price to earnings number shows how many dollars investors pay for each dollar of the company's yearly earnings.
What is Assurant's dividend yield against its share price?
At $284.75 a share on October 24, 2026, investors value the common equity at about $14.0 billion. The trailing P/E is 13.6x, while the next-twelve-month P/E is 12.6x. P/E compares the share price with earnings per share, so the lower forward figure says investors expect earnings to rise.