Assurant Stock Price, News & Analysis

Assurant, Inc. (NYSE: AIZ) announced its target to reduce greenhouse gas emissions by 40% by 2030, aligning with the Paris Agreement and the Science-based Targets initiative. This goal is part of their commitment to sustainability, supported by their real estate consolidation and energy-saving measures across 21 countries. Assurant retained a ‘B’ CDP score for five consecutive years, indicating strong environmental transparency. In 2021, the company achieved a 10% decline in Scope 2 emissions, indicating progress in reducing its environmental impact.

Assurant (NYSE:AIZ) reported a record $970 million returned to U.S. consumers in Q3 2022 through mobile device trade-in and upgrade programs, reflecting a 28% year-on-year increase. This marks the highest third quarter return recorded. The Mobile Trade-in and Upgrade Industry Trends Report highlights continued growth in the secondary device market, with notable trends such as the iPhone 11 being the top traded device. Despite a decrease in average trade-in value to $111, the number of trades conducted online rose significantly by 86% year-on-year.

Assurant employees globally participated in a 5K run this October, raising over $340,000 for the United Way. This brings the total funds raised since the event's inception to $1.4 million. Over 840 participants engaged, with events held in Atlanta and Miami, along with virtual participation. The funds support United Way efforts in multiple locations, reinforcing Assurant's commitment to community welfare and employee volunteerism.

Assurant, Inc. (NYSE: AIZ) has announced a quarterly dividend increase of $0.02, raising the total to $0.70 per share. This dividend, marking the 18th consecutive increase since the company's IPO, is set to be paid on December 19, 2022, to shareholders on record as of November 28, 2022. Assurant's CEO, Keith Demmings, emphasized the company's strong business fundamentals and ongoing cash generation capabilities.

Assurant, Inc. (NYSE: AIZ) has enhanced its Assurant EV One Protection℠ product, specifically designed for U.S. owners of Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). The updated offering now provides expanded coverage for traction batteries, EV-specific components, wear and tear items, and industry-leading transparency regarding battery health. This product is aimed at providing more value and peace of mind for consumers, enhancing their experience as electric vehicle adoption increases.

Assurant, Inc. (AIZ) reported disappointing Q3 2022 results with GAAP net income plunging 95% to $7.3 million and adjusted earnings per share at $2.81, an 8% decline. Adjusted EBITDA fell 31% to $116 million, impacted by higher catastrophe losses. Global Lifestyle revenue increased slightly by 1% to $1.99 billion, driven by automotive growth, while Global Housing saw EBITDA turn negative. Looking ahead, Assurant expects adjusted EBITDA to be modestly down or flat, with high single-digit growth in earnings per share. Share repurchases totaled $80 million in the quarter.

Assurant, Inc. (AIZ) has released preliminary third quarter 2022 results, indicating a decline in profitability due to a challenging macroeconomic environment and elevated catastrophe losses, particularly from Hurricane Ian. Key figures include a GAAP net income of $7 million and adjusted EBITDA of $116 million, down from $169 million year-over-year. The company updated its 2022 outlook, forecasting modestly lower adjusted EBITDA and high single-digit growth in Global Lifestyle. Actions for expense efficiencies are being implemented to improve future profitability.

Assurant, Inc. (NYSE: AIZ) will release its third quarter 2022 financial results on November 1, 2022, after market close. A conference call will follow on November 2, 2022, at 8:00 a.m. ET, accessible via live audio webcast on the company's website. Key executives, including CEO Keith W. Demmings, will present the results. The archived webcast will be available post-event. Assurant operates in 21 countries, providing services that enhance consumer purchases.

CPR Cell Phone Repair partners with MobileSentrix to become their primary distributor for aftermarket parts. This collaboration aims to enhance the quality and availability of parts for CPR franchisees, providing them with competitive pricing and higher in-stock rates. Key benefits include a dedicated ordering site, discounted prices, and access to a large catalog of parts from various manufacturers. CPR, rated the top franchise in electronics repair, boasts over 500 locations in North America and is owned by Assurant, Inc. (NYSE: AIZ).