Welcome to our dedicated page for Assurant news (Ticker: AIZ), a resource for investors and traders seeking the latest updates and insights on Assurant stock.
Assurant, Inc. operates as a global protection company that partners with brands to safeguard and service connected devices, homes and automobiles. Company news commonly centers on Global Lifestyle and Global Housing results, including mobile device protection, Connected Living trade-in and upgrade programs, extended service contracts, lender-placed homeowners coverage, flood and manufactured housing insurance, and home warranty offerings.
Recurring updates also cover client partnerships with mobile operators, real estate brands and automotive channels; industry reports on the secondary market for mobile devices; quarterly earnings, outlook commentary, catastrophe impacts and capital actions such as share repurchases. These developments reflect Assurant's mix of fee, insurance, warranty and service programs across consumer-device, housing and vehicle-protection markets.
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Assurant (NYSE: AIZ) has announced a multi-year partnership with Updater, becoming the preferred renters insurance provider in Updater's relocation technology platform. This collaboration aims to streamline the moving process for residents by embedding Assurant's insurance product into Updater's app, enhancing the onboarding experience for property management companies and renters. Assurant’s Cover360® solution will allow residents to seamlessly purchase renters insurance, often bundled with their rent payment, improving customer convenience. The partnership aligns with Assurant's strategic digital initiatives and showcases their commitment to innovation in the multifamily housing sector.
Assurant, a global business services company, has announced a partnership with CNH Industrial Capital to enhance equipment protection products for dealers in the U.S. and Canada. This collaboration aims to improve customer experience and product offerings, providing multiple insurance products such as the Purchased Protection Plan (PPP), Physical Damage Insurance (PDI), and Rental Damage Waiver (RDW). CNH Industrial will deliver an expanded PPP program in Canada. Assurant's expertise in equipment protection will complement CNH Industrial's established presence in the agricultural and construction sectors. This partnership leverages Assurant's capabilities, strengthened by its acquisition of EPG Insurance in 2020, to deliver industry-leading solutions. Overall, this initiative signifies a strategic move to enhance offerings for customers of iconic brands like Case IH and New Holland.
Assurant, Inc. (NYSE: AIZ) will announce its first quarter 2023 financial results on May 2, 2023, after market close. The details will be published on their website, assurant.com. A conference call reviewing these results is scheduled for May 3, 2023, at 8:00 a.m. ET, and will be available via live audio webcast. The call will feature insights from Keith W. Demmings, the CEO, and other key executives. Assurant operates globally, supporting consumer purchases in 21 countries through various services like mobile device solutions and insurance products.
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Assurant, Inc. (NYSE: AIZ) has announced the appointment of Rajiv Basu to its Board of Directors, effective immediately. With 40 years of experience in the financial services sector, notably as a senior partner at Deloitte’s Insurance Practice, Basu brings extensive expertise in insurance and global finance. Assurant's Chair, Elaine D. Rosen, emphasized Basu's commitment to diversity and equity, while CEO Keith Demmings highlighted his ability to support the company's growth strategy. Assurant operates across 21 countries, offering services that connect and protect major consumer purchases.
Assurant, Inc. (NYSE: AIZ) has successfully closed a public offering of $175.0 million in 6.100% Senior Notes due 2026. The net proceeds from this offering will be approximately $173.1 million, aimed at redeeming $175.0 million of its 4.200% Senior Notes due 2023. J.P. Morgan Securities LLC and Wells Fargo Securities, LLC acted as joint book-running managers. The offering follows an effective shelf registration statement filed with the U.S. Securities and Exchange Commission for compliance. Assurant focuses on supporting and connecting consumer purchases globally.
Assurant (NYSE:AIZ) announced a record-breaking $3.8 billion returned to U.S. consumers through mobile device trade-in programs in 2022, a 25% increase compared to 2021. Q4 2022 alone accounted for $1.28 billion, marking the highest quarter ever for trade-ins. The demand for trade-ins was driven by the sustained value of used smartphones, with the iPhone 11 being the most traded device. The trend is expected to continue, with forecasts predicting 415 million used smartphones to be shipped globally by 2026. Additionally, consumer interest in online trades surged by 38% year-over-year.
Assurant, a leading global business services company, announced its Q4 and full-year 2022 results, marking a 54% decline in GAAP net income to $276.6 million. Adjusted EBITDA showed a slight decrease of 1% to $956.2 million. Global Lifestyle grew by high single-digits, while Global Housing faced challenges, resulting in a 15% drop in full-year EBITDA. The company projects low single-digit growth for Adjusted EBITDA in 2023, driven by housing performance but tempered by macroeconomic headwinds. Shareholder returns totaled $718 million in 2022, demonstrating a focus on capital return despite the economic landscape.