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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 Fourth Quarter and Full Year 2023 Financial Results

Rhea-AI Summary
Assurant, Inc. (NYSE: AIZ) will release fourth quarter and full year 2023 financial results on February 6, 2024, followed by a live audio webcast on February 7, 2024. The company is a leading global business services company that supports, protects, and connects major consumer purchases. The news release will be available on Assurant's website, and the conference call will feature Keith Demmings, president and CEO, Keith Meier, EVP and CFO, and Sean Moshier, VP of Investor Relations.
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Assurant Expands Management Committee to Support Global Growth Strategy

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Assurant, Inc. (AIZ) announces the addition of three new members to its Management Committee to deepen expertise in finance, talent, and technology. Rebekah Biondo, Deputy CFO, will oversee investor relations and financial performance. Subhashish Sengupta, Chief People Officer, will lead the global human resources function. Joe Surber, Chief Technology Officer, will drive the company's global technology transformation.
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Assurant Awarded on Newsweek’s America’s Most Responsible Companies 2024 List

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Assurant (NYSE:AIZ) has been recognized as one of America’s Most Responsible Companies 2024 by Newsweek and Statista Inc. The award, announced on December 6, 2023, is based on a holistic view of corporate responsibility, including environmental, social, and corporate governance aspects. The analysis involved over 30 KPIs and a public survey of 17,000 US residents, resulting in the recognition of the top 600 most responsible companies in the United States across 14 industries.
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Assurant Realigns Executive Team to Support Global Growth Strategy

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Assurant, Inc. (NYSE: AIZ) Announces Keith Meier as CFO and Francesca Luthi as COO
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Assurant Board of Directors Authorizes Additional $600 Million in Share Repurchases and Approves Common Stock Dividend Increase of 3%

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Assurant, Inc. (NYSE: AIZ) announces a $600 million share repurchase program and a quarterly dividend increase of $0.02 to $0.72 per share of common stock. The company's strong cash flows, capital position, and business strategy are driving long-term shareholder value.
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Almost a billion dollars returned to U.S. customers in third quarter through mobile device trade-ins

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Assurant revealed that $999 million was returned to U.S. consumers through mobile trade-in programs in the third quarter alone. More than 50 percent of the top five traded models were 5G capable devices, signaling the continued growth of mobile device trade-in programs and the secondary device market.
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Assurant Reports Third Quarter 2023 Financial Results

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Assurant, Inc. reports strong Q3 2023 results with significant earnings and EPS growth. Adjusted EBITDA increased by 185% to $330.7 million compared to Q3 2022. Adjusted earnings per diluted share increased by 325% to $4.29. The company increases its 2023 outlook to deliver mid- to high-teens growth in Adjusted EBITDA and expects Adjusted EPS growth to exceed Adjusted EBITDA.
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Boost Efficiency and Policyholder Satisfaction with Assurant’s New Guidewire Marketplace Apps

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Assurant's new Ready for Guidewire validated accelerators, HOIVerify and Carrier Direct Endorsement, are now available in the Guidewire Marketplace. These solutions streamline processes for insurers, improving efficiency and customer experience. HOIVerify facilitates automatic data exchange between insurers and mortgage servicers, reducing manual data exchange and increasing policyholder satisfaction. Carrier Direct Endorsement expedites claim funds availability for claimants, allowing them to begin home repairs sooner. Insurers can transmit claim information to Assurant and quickly receive payment instructions, reducing claim cycle time and costs. Assurant focuses on creating seamless solutions that enhance customer experiences.
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Assurant to Announce Third Quarter 2023 Financial Results

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Assurant, Inc. will release Q3 2023 financial results on October 31, 2023, after market closes. A conference call will be held on November 1, 2023, at 8:00 a.m. ET to review the results.
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Introducing Carbon IQ™ by Assurant®: First Solution to Quantify CO2 Footprint of Individual Devices Throughout Lifecycle

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Assurant introduces Carbon IQ, providing detailed measurement and insights on the carbon impact of individual connected devices. New smartphones have an estimated carbon footprint ranging from 36 kg to 96 kg of CO2, while refurbished devices have up to 90% fewer emissions. E-waste is a growing problem, but the demand for refurbished devices is increasing. Assurant repurposed and extended the useful life of over 22 million devices in 2022, diverting 4,000 metric tons of e-waste and avoiding 1.2 million tons of CO2 emissions. Carbon IQ enables tracking of trade-in campaigns and links Marketing, Sales, and Sustainability.
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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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