Assurant vs Waterdrop
Assurant is the larger business, with $12.81bn of revenue in fiscal 2025 against $553m for Waterdrop (23.2 times as much). Waterdrop grew faster (43.7% against 7.9%). Waterdrop kept more of each dollar of sales as profit: a net margin of 14.3% against 6.8%. Waterdrop carries less debt relative to equity (0.9% against 37.6%).
| Latest fiscal year | AssurantAIZ, 2025 | WaterdropWDH, 2025 |
|---|---|---|
| Revenue | $12.81bn | $553m |
| Revenue growth | 7.9% | 43.7% |
| Net income | $873m | $79.2m |
| Operating margin | — | 9.3% |
| Net margin | 6.8% | 14.3% |
| Return on equity | 15.9% | 11.4% |
| Free cash flow | $1.60bn | $29.8m |
| Cash | $1.83bn | $69.1m |
| Total debt | $2.21bn | $6.7m |
| Debt to equity | 37.6% | 0.9% |
| Dividend per share | $3.28 | — |
| Dividend yield | 1.2% | 5.0% |
| Share buybacks | $304m | $12.7m |
| Employees | 14,800 | — |
| Market value | $14.61bn | $361m |
| Price vs our value range | — | — |
| Moat score | 70 (Moderate) | — |
| Insider trades, 12 months | 0 buys, 8 sales | 0 buys, 0 sales |