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Assurant, Inc. (NYSE: AIZ) is a leading global business services company that specializes in providing specialty protection products and related services. As a Fortune 500 company, Assurant works with industry leaders to help consumers gain financial security and peace of mind by safeguarding against various risks. The company's extensive portfolio includes mobile device protection, extended service products for consumer electronics, appliances, and vehicles, pre-funded funeral insurance, lender-placed homeowners insurance, flood insurance, renters insurance, credit insurance, and numerous group insurance products, including dental, disability, and life insurance.
Assurant operates through three main segments: Global Housing, Global Lifestyle, and Corporate and Other. The Global Housing segment offers products like lender-placed homeowners insurance, voluntary homeowners insurance, and other specialty products. The Global Lifestyle segment, which is the key revenue generator, focuses on mobile device solutions, vehicle protection, and credit protection. The Corporate and Other segment includes various administrative and support functions.
In recent years, Assurant has achieved significant milestones and continued growth across its business lines. For instance, in 2023, the company reported substantial earnings and EPS growth, driven largely by its Global Housing segment. The company also returned a record $4.3 billion to U.S. consumers through mobile device trade-in programs, emphasizing its role in the burgeoning secondary device market.
Assurant's ongoing projects include the integration of acquired businesses like iSmash, a leading UK tech repair brand, which strengthens its capabilities in mobile device solutions. Additionally, the company has partnered with Lloyds Banking Group to offer mobile and device trade-in services, further expanding its reach in the European market.
Financially, Assurant remains robust, with approximately $30 billion in assets and $8 billion in annual revenue. The company's strategic focus on innovation, operational excellence, and maintaining strong client relationships has positioned it well for continued growth and shareholder value creation.
Assurant, Inc. (NYSE: AIZ) has declared a $0.68 quarterly dividend per share, payable on March 21, 2022, to shareholders on record as of February 28, 2022. Future dividends will depend on the company’s earnings, financial health, capital needs, and regulatory conditions. Assurant is a global provider of lifestyle and housing solutions, operating in 21 countries with various offerings, including mobile device solutions and insurance products.
Assurant, Inc. (NYSE: AIZ) will release its fourth quarter and full-year 2021 financial results on February 8, 2022. The announcement follows their earnings release schedule, and a conference call to discuss the results will take place on February 9, 2022, at 8:00 a.m. ET, accessible via a live audio webcast. Key executives, including CEO Keith W. Demmings and CFO Richard S. Dziadzio, will outline the financial performance during the call. The event will be recorded and available for replay shortly after.
Assurant (NYSE:AIZ) has expanded its partnership with Telefonica Group to enhance their trade-in services for devices. This collaboration will leverage Assurant's proprietary technology to offer diagnostics, trade-in management, and pricing analytics across multiple channels including stores and online platforms. Telefonica, serving over 360 million customers globally, aims to improve customer retention and promote environmental sustainability through responsible device recycling. In 2020, Assurant recycled approximately 1.5 million phones, recovering significant amounts of precious metals.
Assurant, Inc. (NYSE: AIZ) has announced a quarterly dividend increase of $0.02, bringing the total to
Assurant, a leading global provider of lifestyle and housing solutions, reported strong Q3 2021 results, showcasing a 75% increase in GAAP net income to $153.6 million, or $2.58 per diluted share. Net operating income rose 21% to $84.1 million, with adjusted EBITDA up 4% to $262.3 million. The company reaffirmed its 2021 outlook, anticipating a 10-14% increase in net operating income per diluted share. Driven by growth in Global Automotive and Connected Living, total revenue reached $2.45 billion, a 7% year-over-year increase.
Assurant (NYSE: AIZ) has appointed Sanida Bratt as senior vice president of Emerging Solutions within its Connected Living business, reporting to Biju Nair, president of Global Connected Living. Bratt, who has extensive experience in product management from companies like Motorola and NAVTEQ, will focus on executing new products and enhancing service differentiation. Nair expressed confidence in her ability to drive revenue growth and customer loyalty through innovative solutions. Previously, Bratt was involved in digital transformation initiatives at HYLA Mobile.
Assurant, Inc. (NYSE: AIZ) announced the formation of a new Management Committee (MCOM) taking effect in January 2022, aimed at enhancing business growth and innovation strategies. The committee includes three new members: Manny Becerra, Biju Nair, and Martin Jenns, who will lead various segments of the company. Keith Demmings, the incoming CEO, emphasized the MCOM's role in driving joint planning and operational effectiveness. The committee will work towards maintaining employee engagement and meeting strategic priorities for stakeholders.
Assurant, Inc. (NYSE: AIZ) is set to disclose its third quarter 2021 financial results on November 2, 2021, after market close. Investors can access the release on Assurant's website. A live audio conference call will take place the following morning, November 3, 2021, at 8:00 a.m. ET, featuring key executives including CEO Alan B. Colberg. The company is recognized for providing essential lifestyle and housing solutions globally, partnering with top brands to enhance customer experiences.
Assurant, Inc. (NYSE: AIZ) announced the retirement of
Assurant reported a strong second quarter for 2021, with GAAP net income rising 12% to $184.7 million and per diluted share increasing 16% to $3.01. Net operating income surged 19% year-over-year to $183.2 million, and adjusted EBITDA grew 10% to $297.6 million. The company maintains a robust outlook for 2021, projecting a 10-14% growth in net operating income per diluted share. Notably, liquidity stood at $353 million, and share repurchases totaled $233 million. The recent $1.35 billion sale of the Global Preneed business positions Assurant for further investment in growth areas.
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