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Assurant, Inc. - AIZ STOCK NEWS

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. (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.

News

Assurant to Announce First Quarter 2024 Financial Results

Rhea-AI Summary
Assurant, Inc. (AIZ) will release its first quarter 2024 financial results on May 7, 2024, followed by a conference call on May 8, 2024. The call will feature Keith Demmings, president, and CEO, discussing the results. Investors can access the live audio webcast and related materials on Assurant's website.
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Assurant Recognized by Fortune as One of America’s Most Innovative Companies 2024

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Assurant, Inc. (NYSE: AIZ) has been named to the Fortune list of America’s Most Innovative Companies 2024, recognized for product innovation, process innovation, and innovation culture. The company's commitment to technology, culture, talent, and consumer insights drives sustainable innovation.
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Ethisphere Names Assurant One of the 2024 World’s Most Ethical Companies®

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Assurant (NYSE:AIZ) has been recognized as one of the 2024 World's Most Ethical Companies by Ethisphere, showcasing its commitment to business integrity. The company's ethical practices have led to outperformance in global markets, with honorees surpassing a comparable index by 12.3 percentage points. Assurant's dedication to ethics, compliance, and governance has been acknowledged through a rigorous assessment process, highlighting its strong values and corporate citizenship.
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Assurant Earns Great Place to Work Certification™ in the U.S. for the Third Year

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Assurant, Inc. (NYSE: AIZ) has been Certified™ by Great Place to Work® in the U.S. for the third consecutive year, with 85% of employees rating it a great place to work. The company is now Certified in 14 countries, emphasizing its commitment to employee experience and workplace culture.
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Assurant Named on the Forbes America’s Best Employers 2024 List

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Assurant (NYSE:AIZ) has been named on the Forbes list of America’s Best Employers 2024, a recognition based on an independent survey of over 170,000 U.S. employees. The company's culture and employee empowerment have been highlighted as key factors in achieving this prestigious award.
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Record High $4.3 Billion Returned to U.S. Consumers Through Mobile Trade-In Programs in 2023

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Assurant (NYSE:AIZ) returned a record $1.6 billion to U.S. consumers in Q4 2023 through mobile device trade-in programs, part of the $4.3 billion returned in 2023. The company's report highlights key trends in the device trade-in market, including top devices traded in, average trade-in values, and online trade-in growth.
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Lexitas Announces Appointment of Sriram Venkateswaran as Chief Financial Officer

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Lexitas, a leading provider of technology-enabled litigation services, appoints Sriram Venkateswaran as Chief Financial Officer. Venkateswaran brings over 20 years of global executive operating experience to the role.
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Assurant Reports Fourth Quarter 2023 and Full-Year 2023 Financial Results

Rhea-AI Summary
Assurant, Inc. (AIZ) reported significant earnings and EPS growth in 2023, with a seventh consecutive year of profitable growth. The company expects continued profitable growth in 2024. GAAP net income increased 132% to $642.5 million, and adjusted EBITDA increased 32% to $1,257.5 million. The company expects adjusted EBITDA to increase by mid-single-digits in 2024, driven by Global Lifestyle and Global Housing. Adjusted earnings per diluted share grew 26% to $17.13 in 2023.
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Assurant Named One of America’s Most JUST Companies by JUST Capital and CNBC

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Assurant (NYSE:AIZ) has been recognized as one of America’s Most JUST Companies by JUST Capital and CNBC, demonstrating its commitment to serving workers, customers, communities, the environment, and shareholders. The company's success is grounded in its values and commitments to building a more sustainable business for all stakeholders. Compared to their peers, the JUST 100 companies pay more workers a family-sustaining living wage, provide more career development training, offer more paid parental leave, consume less water and emit less CO2 per revenue dollar, use more renewable energy, and have higher profit margins, return on equity, and dividend yield.
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Assurant Board of Directors Declares Quarterly Dividend of $0.72 per Common Share

Rhea-AI Summary
Assurant, Inc. (NYSE: AIZ) has declared a quarterly dividend of $0.72 per share of common stock, payable on March 25, 2024 to stockholders of record as of February 5, 2024. Future dividend declarations will depend on the company’s earnings, financial condition, capital requirements, future prospects, regulatory restrictions, and other considerations.
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FAQ

What is the current stock price of Assurant (AIZ)?

The current stock price of Assurant (AIZ) is $225.22 as of November 21, 2024.

What is the market cap of Assurant (AIZ)?

The market cap of Assurant (AIZ) is approximately 11.6B.

What does Assurant, Inc. specialize in?

Assurant specializes in providing specialty protection products and related services, including mobile device protection, extended service products, and various insurance products.

What are the main business segments of Assurant?

Assurant operates through three main segments: Global Housing, Global Lifestyle, and Corporate and Other.

How did Assurant perform financially in recent years?

In 2023, Assurant reported substantial earnings and EPS growth, especially in its Global Housing segment. The company has approximately $30 billion in assets and $8 billion in annual revenue.

What are some recent achievements of Assurant?

Recent achievements include returning a record $4.3 billion to U.S. consumers through mobile device trade-in programs and acquiring the UK tech repair brand iSmash.

What is Assurant's involvement in the secondary device market?

Assurant plays a significant role in the secondary device market through its mobile device trade-in programs, which returned $4.3 billion to U.S. consumers in 2023.

What partnerships has Assurant recently formed?

Assurant has partnered with Lloyds Banking Group to offer mobile and device trade-in services to customers in the UK.

What is the Global Housing segment focused on?

The Global Housing segment provides lender-placed homeowners insurance, voluntary homeowners insurance, flood insurance, and other specialty products.

What is the Global Lifestyle segment's primary focus?

The Global Lifestyle segment focuses on mobile device solutions, vehicle protection, and credit protection.

How does Assurant support innovation?

Assurant supports innovation through targeted investments in talent, technology, and product development, which enhance client partnerships and operational excellence.

Where can I find more information about Assurant's financial performance?

More information about Assurant's financial performance can be found on their Investor Relations website at https://ir.assurant.com/investor/default.aspx.

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Assurant, Inc.

NYSE:AIZ

AIZ Rankings

#787 Ranked by Market Cap
#1595 Ranked by Dividends

AIZ Stock Data

11.63B
50.97M
0.6%
98.76%
1.36%
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