Assurant Stock Price, News & Analysis

Assurant (NYSE: AIZ) reported that mobile trade-in programs returned $1.24 billion to consumers in Q1 2025, marking a 40% increase year-over-year. The average device age reached a record high of 3.82 years, while consumers increasingly traded in newer models. The iPhone 13 remained the most frequently traded-in device overall for the third consecutive quarter, while the Samsung Galaxy S22 Ultra 5G led Android trade-ins.

The surge in trade-ins was driven by growing demand for AI-enabled devices throughout 2024 and economic uncertainty in early 2025, prompting consumers to seek cost-effective upgrades. The trend shows an increased share of 5G devices entering the secondary market, offering consumers access to premium devices at lower prices while promoting sustainable practices.

Assurant (NYSE: AIZ), a global protection company specializing in connected devices, homes, and automobiles, has announced a quarterly dividend of $0.80 per share of common stock. The dividend will be paid on June 30, 2025, to stockholders of record as of June 9, 2025. The company's Board of Directors will determine future dividend declarations based on various factors including earnings, financial condition, capital requirements, future prospects, and regulatory restrictions.

Assurant (NYSE: AIZ) reported its Q1 2025 financial results, showing mixed performance. GAAP net income decreased 38% to $146.6 million compared to Q1 2024, primarily due to higher catastrophe losses in Global Housing. However, Adjusted EBITDA excluding catastrophes increased 14% to $439.2 million, driven by strong Global Housing performance. Net earned premiums grew 7% to $2.96 billion. Global Lifestyle segment saw a 5% decrease in Adjusted EBITDA to $197.8 million, while Global Housing's Adjusted EBITDA fell 42% to $112.4 million due to $156.7 million in catastrophe losses, mainly from California wildfires. The company maintained strong capital position with holding company liquidity of $501 million and returned $103 million to shareholders through dividends and share repurchases. Assurant reaffirmed its 2025 outlook, expecting modest growth in both Adjusted EBITDA and earnings per share, excluding catastrophes.

Assurant (NYSE: AIZ), a global protection company specializing in connected devices, homes, and automobiles, has scheduled the release of its first quarter 2025 financial results on Tuesday, May 6, 2025, after market close.

The company will host a conference call on Wednesday, May 7, 2025, at 8:00 a.m. ET, featuring presentations by President and CEO Keith Demmings, CFO Keith Meier, and VP of Investor Relations Sean Moshier. The event will be accessible via live audio webcast in the Investor Relations section of Assurant's website, with an archived replay available afterward.

Assurant (NYSE: AIZ) has launched Vehicle Care Technology Plus, an innovative vehicle service contract that combines vehicle protection with smartphone repair benefits. The comprehensive plan covers high-tech vehicle components, wear-and-tear items, and includes Assurant® Device Care for smartphone repairs at reduced fees.

The service includes coverage for advanced vehicle technology like safety system sensors and infotainment screens, plus wear-and-tear items such as wiper blades and headlight bulbs. Customers can access smartphone repairs at over 900 Assurant Repair Network locations nationwide. The plan features 24/7 roadside assistance, substitute transportation benefits, and a digital platform for contract management.

Assurant (NYSE: AIZ) has been named one of Fortune's Most Innovative Companies 2025 for the third consecutive year. The recognition, presented by Fortune and Statista Inc., evaluated companies based on product innovation, process innovation, and innovation culture through comprehensive surveys of employees, field experts, and patent analysis.

The company's innovation portfolio includes 215 registered patents and 193 pending patent applications across 20 countries, spanning data analytics, mobile device evaluation, and various business processes. Keith Demmings, president and CEO, emphasized their commitment to growth through innovation, while Chief Innovation Officer Manny Becerra highlighted how innovation drives differentiation and competitive advantage.

Assurant Ventures, the venture capital arm of Assurant (NYSE: AIZ), has announced an investment in Automotive Ventures' Mobility Fund II. The fund targets innovative early-stage startups across the mobility ecosystem, including connected vehicles, electric vehicles, and new mobility solutions.

The strategic investment aims to provide Assurant Global Automotive with access to emerging technologies and opportunities to support their automotive dealer clients. Automotive Ventures has made 39 investments across three funds, managing $35 million, and typically invests $250,000 in seed-stage mobility startups globally.

The fund focuses on dealership ecosystem innovations, including dealership performance, digital retailing, and aftermarket services. This partnership will enhance Assurant's ability to identify and evaluate next-generation solutions while leveraging their 60+ years of retail support and dealership performance management experience.

Assurant (NYSE: AIZ) has been recognized as one of the World's Most Ethical Companies® by Ethisphere for the second consecutive year in 2025. The company joins 136 honorees across 19 countries and 44 industries in receiving this prestigious recognition.

CEO Keith Demmings emphasized that operating with ethics and integrity is important to Assurant's success and stakeholder trust. The company's values of common sense and common decency form the foundation of their daily operations.

The recognition demonstrates tangible business benefits, as 2025 World's Most Ethical Companies® Honorees outperformed a comparable global companies index by 7.8 percentage points from January 2020 to January 2025. The assessment process involves analyzing 240+ proof points through Ethisphere's Ethics Quotient framework, evaluating various aspects including ethics compliance, governance, culture, environmental and social impact, and value chain initiatives.

Assurant (NYSE: AIZ) has achieved its fourth consecutive U.S. Great Place to Work® Certification, with nearly 90% of U.S. employees rating it as a great workplace - 32 points above the national average and the company's highest score to date. Assurant has now earned this certification in fifteen countries globally.

Chief People Officer Subhashish Sengupta emphasized the company's focus on employee empowerment, growth, and creating an inclusive workplace culture. According to Great Place to Work research, job seekers are 4.5 times more likely to find a great boss at certified workplaces, and employees at certified companies are 93% more likely to look forward to coming to work.