Assurant, Inc. - AIZ STOCK NEWS

Assurant (NYSE: AIZ) has donated $175,000 to Move For Hunger to combat food insecurity across North America. The donation stems from Assurant's Moving to Fight Hunger challenge, which encouraged employees globally to exercise in exchange for donations. The initiative, supported by The Assurant Foundation, saw employees cover over 225,000 miles in May alone.

Move For Hunger, a non-profit organization, partners with moving companies to redirect food waste to local food banks. Assurant's contribution has bolstered these efforts, particularly within the property management sector. Over its 15-year history, Move For Hunger has delivered more than 40 million meals to the food insecure. The collaboration aims to support the 44 million Americans and 7 million Canadians who face hunger daily.

HEVI Corp., a manufacturer of all-electric heavy equipment, has partnered with Assurant, Inc. (NYSE: AIZ) to provide Extended Service Contracts (ESC) for HEVI customers. This partnership allows HEVI to offer protection beyond the manufacturer's base warranty period, enhancing the purchasing and ownership experience for its customers.

Assurant, a global leader in equipment protection with over 30 years of expertise, offers a comprehensive suite of protection products and services for the commercial equipment industry. The collaboration aims to increase customer confidence, potentially boosting sales and building long-term value for HEVI shareholders.

This partnership aligns with both companies' sustainability goals, supporting the expansion of electric heavy equipment in the industrial vehicle sector.

Assurant has been recognized as a Best Place to Work for Disability Inclusion by Disability:IN, scoring 100 on the Disability Equality Index®. This recognition highlights Assurant's commitment to creating an inclusive workplace for people of all abilities. Key initiatives in 2023 include:

1. Launching Abilities@Assurant, an Employee Resource Group focused on disability awareness and inclusion.
2. Offering learning courses on valuing abilities and understanding neurodiversity.
3. Expanding recruitment efforts to reach candidates with disabilities.
4. Updating interview processes to accommodate candidates with disabilities.
5. Supporting mental health awareness and providing resources for veterans.

These efforts demonstrate Assurant's dedication to fostering an inclusive environment where employees of all abilities are supported, understood, and valued.

Assurant (NYSE: AIZ) has unveiled its 2024 Sustainability Report, outlining its long-term ambitions for a Thriving Society, a Circular Economy, and a Stable Climate.

Key initiatives include enhancing employee engagement, supporting career development, and increasing diverse supplier spend by 15% to $115 million. The company also diverted over 4,200 metric tons of electronic waste and avoided around 1.16 million metric tons of CO2 emissions through its mobile trade-in programs.

Additionally, Assurant protected over 60 million mobile devices and provided vehicle protection for 55 million automobiles, with a focus on hybrid and electric vehicles.

The company's efforts earned a “B” rating from CDP for climate change, and it achieved a 5% reduction in Scope 1 and 2 GHG emissions. The full report is available on Assurant's website.

Assurant (NYSE: AIZ) announced it will release its second quarter 2024 financial results on August 6, 2024, post-market close. A conference call led by key executives, including CEO Keith Demmings and CFO Keith Meier, will follow on August 7, 2024, at 8:00 a.m. ET. The call, featuring a live audio webcast, will review the quarterly results. The announcement, investor presentation, and supplemental information will be accessible on Assurant's Investor Relations website, with an archived replay available after the event.

Assurant (NYSE: AIZ) announced the retirement of Martin Jenns, EVP and President of Global Automotive, at the end of this year after 15 years with the company. Jeff Strickland, currently SVP of Assurant Dealer Services & Strategic Accounts, will take over Jenns' role. Jenns has significantly contributed to Assurant's growth through acquisitions, such as American Financial & Automotive Services and Protecta, and the development of digital solutions like Assurant Vehicle Care. Strickland, with 25 years of industry experience, including roles at FCA, will start his new role at the beginning of 2025.

Assurant has been named one of The Times Top 50 Employers for Gender Equality 2024, highlighting its dedication to gender equality in the workplace. This recognition, awarded by Business in the Community (BITC), evaluates companies on various criteria including flexible working, family-friendly policies, and pay equity. Despite progress, gender inequalities persist, exacerbated by economic disruptions such as the pandemic and rising living costs. Assurant's inclusion in this prestigious list underscores its commitment to fostering a fair and inclusive work environment.

Assurant (NYSE:AIZ) reported that mobile trade-in programs returned $874 million to U.S. consumers in Q1 2024, according to their latest Mobile Trade-In and Upgrade Industry Trends Report. The average age of devices at trade-in reached an all-time high of 3.64 years. iPhone 12 models dominated recent trade-ins, with the iPhone 11 being the top device turned in for the eighth consecutive quarter. Overall, the average trade-in value of smartphones decreased from $147 in Q4 2023 to $110 in Q1 2024. Additionally, the average trade-in value for the latest Apple Watch, Ultra 2, was $317. Assurant noted that while trade-ins typically dip after peak shopping seasons, they remain vital for encouraging device upgrades and reducing electronic waste.

Assurant's Board of Directors announced a quarterly dividend of $0.72 per common share, payable on June 24, 2024, to shareholders of record as of June 10, 2024. The future declaration of dividends will be at the Board’s discretion, influenced by the company’s earnings, financial health, capital needs, future prospects, regulatory constraints, and other relevant factors. Assurant (NYSE: AIZ) is a global business services firm specializing in supporting, protecting, and connecting major consumer purchases.