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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.
Polly, the leading insurance marketplace for automotive retail, has announced a strategic partnership with Assurant (NYSE: AIZ). This collaboration aims to enhance digital tools for automotive dealers through Polly's cost-saving insurance platform. The new integration will help increase revenue per vehicle retail and penetration of finance and insurance products. Polly customers report an average savings of $64 per month, which could lead to higher sales of F&I products for dealers, with reported increases in back-end gross of 44%.
Assurant, Inc. (NYSE: AIZ) reported a significant increase in consumer returns through trade-in and upgrade programs, totaling
In Q4 2021 alone,
Assurant, Inc. (NYSE: AIZ) has achieved Great Place to Work Certification in the U.S., with 82% of employees affirming it as a great workplace. This score is 23 points higher than the U.S. average. Assurant is now certified in 10 countries, reflecting its commitment to equity and inclusion. The certification is based on employee feedback regarding workplace culture, which correlates with improved employee retention and innovation. This recognition underscores Assurant's strategy to enhance employee experience and drive sustainable growth.
Assurant, Inc. (NYSE: AIZ) will host a virtual Investor Day on March 24, 2022, at 9:00 a.m. ET. The event will showcase presentations from company executives discussing its long-term strategy and financial goals. Investors can access a live video webcast and Q&A session through the Investor Relations section of Assurant's website. Slides from the presentation will also be available shortly before the event. Assurant is a leading global provider of lifestyle and housing solutions, serving major consumer needs.
Assurant, Inc. (NYSE: AIZ), a global leader in lifestyle and housing solutions, will participate in the virtual Bank of America Securities Insurance Conference on February 15, 2022. President and CEO Keith Demmings will join a fireside chat at 2:30 p.m. ET. The session will be webcast live, with a replay available shortly after. Assurant provides innovative products and services across 21 countries, focusing on consumer needs with solutions like mobile device coverage, renters insurance, and vehicle protection.
Assurant, Inc. (NYSE: AIZ) achieved its 2021 financial objectives with double-digit earnings growth and reported a GAAP net income of $613.5 million, a 18% increase year-over-year. Earnings per share rose 24% to $10.20. The company anticipates an 8-10% growth in Adjusted EBITDA for 2022, driven by Global Lifestyle and Global Housing. Additionally, the holding company liquidity stands at $1.05 billion. Share repurchases and dividends totaled $1.0 billion in 2021, reflecting strong capital return strategies. Assurant plans to continue focusing on sustainability and innovation.
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.
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