Assurant management check
AIZ · Financials · Multi-line Insurance · CEO Keith W. Demmings
Filings as of
3 good · 4 to watch · 0 flagged, across the seven questions below.
- Watch
Have owners done well?
Trailed its chosen peers$100 invested at the start of fiscal 2021 grew to $193, against $222 for the peer group the company picked itself.
- Good
Does pay follow performance?
Pay rose and fell with returnsOver 5 years, the CEO's pay actually paid (equity valued at the share price) had a correlation of 0.86 with shareholder return. 1 means pay moved in step; below 0, the opposite way.
- Watch
What does the CEO cost owners?
1.7% of net income$15.2m of reported pay in fiscal 2025, against $872.7m of net income.
- Watch
Do they own the stock?
Insiders are selling5 insiders sold $10.4m in the last six months and none bought. 2 of 5 sales ran on pre-arranged 10b5-1 plans.
- Good
Are owners being diluted?
Share count shrinkingDiluted shares changed -2.0% a year over the last three fiscal years. Stock-based pay was 0.7% of revenue in the latest year.
- Watch
Is leadership stable?
2 CEOs in the pay tableCEOs in the pay table: Alan B. Colberg, Keith W. Demmings. 7 filings under 8-K item 5.02 (officers or directors leaving or joining, or new pay arrangements) in the last 3 years.
- Good
Are the books clean?
No red flags on fileNo restatements, auditor changes or late filings since 2021.
Against the S&P 500
Each check's score (0–100) and how it compares: the share of ranked S&P 500 companies it matches or beats, and the median in Financials.
| Check | Score | At or above | Sector median |
|---|---|---|---|
| Owner returns | 34 | 49 | |
| Pay for performance | 93 | 83 | |
| CEO cost | 30 | 67 | |
| Skin in the game | — | — | 51 |
| Dilution | 75 | 69 | |
| Stable leadership | 50 | 80 | |
| Clean books | 100 | 100 |
Closest peers
Others in Multi-line Insurance, by management score. Assurant is 47th of 72 in its sector.
Pay versus performance
From the proxy statement filed April 6, 2026. "Actually paid" values stock awards at the share price, so it rises and falls with the stock.
| Fiscal year | CEO | CEO pay | Actually paid | Other executives (avg) | $100 became | Peers | Net income |
|---|---|---|---|---|---|---|---|
| 2025 | Keith W. Demmings | $15.2m | $24.2m | $4.1m | $193 | $222 | $872.7m |
| 2024 | Keith W. Demmings | $13.8m | $25.0m | $4.1m | $168 | $203 | $760.2m |
| 2023 | Keith W. Demmings | $10.3m | $22.4m | $3.1m | $131 | $152 | $642.5m |
| 2022 | Keith W. Demmings | $8.4m | $4.4m | $3.2m | $95 | $137 | $276.6m |
| 2021 | Alan B. Colberg | $11.5m | $13.7m | $3.9m | $116 | $120 | $1.4bn |
The board says pay is tied most to Adjusted earnings, excluding reportable catastrophes, per diluted share. Its other key measures: Adjusted EBITDA, excluding reportable catastrophes, Relative TSR, Net earned premiums, fees and other income.
Insiders and the CEO's stake
Keith Demmings (President & CEO) held 133,169.778 shares directly after their latest Form 4 on Sep 15, 2026.
5 insiders sold $10.4m in the last six months and none bought. 2 of 5 sales ran on pre-arranged 10b5-1 plans.
- SoldKeith MeierEVP, Chief Financial Officer · 10b5-1 plan$6.4mMay 15, 2026
- SoldRobert LonerganEVP, CSTO · 10b5-1 plan$1.8mJun 22, 2026
- SoldNair BijuEVP, Pres, Global Conn Living$1.2mAug 6, 2026
- SoldDimitry DiRienzoSVP, CAO, Controller$511kMay 26, 2026
Leadership and governance on file
- May 22, 2026Leadership change8-K 5.02
- Jan 28, 2026Leadership change8-K 5.02
- Aug 12, 2025Leadership change8-K 5.02
- Jul 15, 2025Leadership change8-K 5.02
- Nov 20, 2024Leadership change8-K 5.02
- Jan 19, 2024Leadership change8-K 5.02
- Nov 15, 2023Leadership change8-K 5.02
- Mar 13, 2023Leadership change8-K 5.02
- Nov 14, 2022Leadership change8-K 5.02
- May 12, 2022Leadership change8-K 5.02
- Dec 7, 2021Leadership change8-K 5.02
Latest shareholder vote results: May 22, 2026, including the say-on-pay vote.
Where the money went
Over 2021–2025: $3.0bn returned to owners in buybacks and dividends, 77% of net income, and $371.2m of pay in stock.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $10.2bn | $10.2bn | $11.1bn | $11.9bn | $12.8bn |
| Net income | $1.4bn | $276.6m | $642.5m | $760.2m | $872.7m |
| Stock-based pay | $66.7m | $62.6m | $75.1m | $81.1m | $85.7m |
| Buybacks | $839.3m | $572.8m | $193.1m | $307.4m | $303.7m |
| Dividends | $157.6m | $150.2m | $152.3m | $155.9m | $168.4m |
| Diluted shares | 60m | 55m | 53m | 52m | 51m |
Educational only, not investment advice. Figures are as filed with the SEC: pay from the proxy's pay-versus-performance table, capital allocation from 10-K XBRL data, insider trades from Form 4s over the last six months, events from the last 5 years of filings. The peer group is the one the company chose. See the method.