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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.

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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.

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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.

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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.

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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.

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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.

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FAQ

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

The current stock price of Assurant (AIZ) is $212.27 as of December 20, 2024.

What is the market cap of Assurant (AIZ)?

The market cap of Assurant (AIZ) is approximately 10.7B.

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.

Assurant, Inc.

NYSE:AIZ

AIZ Rankings

AIZ Stock Data

10.73B
50.97M
0.6%
98.46%
1.78%
Insurance - Property & Casualty
Insurance Carriers, Nec
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