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Side-by-side financial comparison of Assurant (AIZ) and Brookfield Infrastructure Partners L.P. (BIP). Click either name above to swap in a different company.

Brookfield Infrastructure Partners L.P. is the larger business by last-quarter revenue ($5.4B vs $3.4B, roughly 1.6× Assurant). Assurant runs the higher net margin — 8.0% vs 4.6%, a 3.4% gap on every dollar of revenue. On growth, Assurant posted the faster year-over-year revenue change (11.3% vs 5.7%).

Assurant, Inc. is a global provider of risk management products and services with headquarters in Atlanta. Its businesses provide a diverse set of specialty, niche-market insurance products in the property, casualty, extended device protection, and preneed insurance sectors. The company's main operating segments are Global Housing and Global Lifestyle.

Brookfield Infrastructure Partners L.P. is a publicly traded limited partnership with corporate headquarters in Toronto, Canada, that engages in the acquisition and management of infrastructure assets on a global basis.

AIZ vs BIP — Head-to-Head

Bigger by revenue
BIP
BIP
1.6× larger
BIP
$5.4B
$3.4B
AIZ
Growing faster (revenue YoY)
AIZ
AIZ
+5.6% gap
AIZ
11.3%
5.7%
BIP
Higher net margin
AIZ
AIZ
3.4% more per $
AIZ
8.0%
4.6%
BIP

Income Statement — Q1 FY2026 vs Q2 FY2025

Metric
AIZ
AIZ
BIP
BIP
Revenue
$3.4B
$5.4B
Net Profit
$274.1M
$252.0M
Gross Margin
26.4%
Operating Margin
24.4%
Net Margin
8.0%
4.6%
Revenue YoY
11.3%
5.7%
Net Profit YoY
87.0%
37.0%
EPS (diluted)
$5.41
$-0.03

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
AIZ
AIZ
BIP
BIP
Q1 26
$3.4B
Q4 25
$3.4B
Q3 25
$3.2B
Q2 25
$3.2B
$5.4B
Q1 25
$3.1B
Q4 24
$3.1B
Q3 24
$3.0B
Q2 24
$2.9B
$5.1B
Net Profit
AIZ
AIZ
BIP
BIP
Q1 26
$274.1M
Q4 25
$225.2M
Q3 25
$265.6M
Q2 25
$235.3M
$252.0M
Q1 25
$146.6M
Q4 24
$201.3M
Q3 24
$133.8M
Q2 24
$188.7M
$184.0M
Gross Margin
AIZ
AIZ
BIP
BIP
Q1 26
Q4 25
Q3 25
Q2 25
26.4%
Q1 25
Q4 24
Q3 24
Q2 24
24.6%
Operating Margin
AIZ
AIZ
BIP
BIP
Q1 26
Q4 25
8.5%
Q3 25
10.2%
Q2 25
9.2%
24.4%
Q1 25
6.0%
Q4 24
8.1%
Q3 24
5.1%
Q2 24
8.0%
22.8%
Net Margin
AIZ
AIZ
BIP
BIP
Q1 26
8.0%
Q4 25
6.7%
Q3 25
8.2%
Q2 25
7.4%
4.6%
Q1 25
4.8%
Q4 24
6.5%
Q3 24
4.5%
Q2 24
6.5%
3.6%
EPS (diluted)
AIZ
AIZ
BIP
BIP
Q1 26
$5.41
Q4 25
$4.37
Q3 25
$5.17
Q2 25
$4.56
$-0.03
Q1 25
$2.83
Q4 24
$3.86
Q3 24
$2.55
Q2 24
$3.58
$-0.10

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AIZ
AIZ
BIP
BIP
Cash + ST InvestmentsLiquidity on hand
$2.3B
Total DebtLower is stronger
Stockholders' EquityBook value
$5.9B
$29.6B
Total Assets
$35.8B
$108.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AIZ
AIZ
BIP
BIP
Q1 26
Q4 25
$1.8B
Q3 25
$1.7B
Q2 25
$1.5B
$2.3B
Q1 25
$1.7B
Q4 24
$1.8B
Q3 24
$1.8B
Q2 24
$1.7B
$1.3B
Stockholders' Equity
AIZ
AIZ
BIP
BIP
Q1 26
$5.9B
Q4 25
$5.9B
Q3 25
$5.8B
Q2 25
$5.5B
$29.6B
Q1 25
$5.2B
Q4 24
$5.1B
Q3 24
$5.3B
Q2 24
$5.0B
$30.1B
Total Assets
AIZ
AIZ
BIP
BIP
Q1 26
$35.8B
Q4 25
$36.3B
Q3 25
$35.8B
Q2 25
$35.5B
$108.7B
Q1 25
$35.0B
Q4 24
$35.0B
Q3 24
$35.3B
Q2 24
$33.8B
$100.9B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AIZ
AIZ
BIP
BIP
Operating Cash FlowLast quarter
$1.2B
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
4.72×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AIZ
AIZ
BIP
BIP
Q1 26
Q4 25
$671.0M
Q3 25
$505.0M
Q2 25
$265.5M
$1.2B
Q1 25
$392.4M
Q4 24
$102.8M
Q3 24
$436.5M
Q2 24
$710.9M
$1.1B
Free Cash Flow
AIZ
AIZ
BIP
BIP
Q1 26
Q4 25
$611.7M
Q3 25
$442.1M
Q2 25
$205.6M
Q1 25
$339.0M
Q4 24
$34.8M
Q3 24
$389.4M
Q2 24
$655.5M
FCF Margin
AIZ
AIZ
BIP
BIP
Q1 26
Q4 25
18.3%
Q3 25
13.7%
Q2 25
6.5%
Q1 25
11.0%
Q4 24
1.1%
Q3 24
13.1%
Q2 24
22.4%
Capex Intensity
AIZ
AIZ
BIP
BIP
Q1 26
Q4 25
1.8%
Q3 25
1.9%
Q2 25
1.9%
Q1 25
1.7%
Q4 24
2.2%
Q3 24
1.6%
Q2 24
1.9%
Cash Conversion
AIZ
AIZ
BIP
BIP
Q1 26
Q4 25
2.98×
Q3 25
1.90×
Q2 25
1.13×
4.72×
Q1 25
2.68×
Q4 24
0.51×
Q3 24
3.26×
Q2 24
3.77×
5.74×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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