Assurant Stock Price, News & Analysis

Assurant (NYSE:AIZ) has announced a strategic partnership with Plug®, a direct-to-consumer platform specializing in certified pre-owned (CPO) electronics. The partnership aims to expand Assurant's presence in the secondary device market and enhance Plug's capabilities in delivering certified pre-owned smartphones, tablets, computers, and accessories.

The collaboration will provide Plug access to Assurant's global network of refurbished device inventory, advanced testing protocols, and logistics infrastructure. Key benefits include expanded inventory selection, competitive pricing, enhanced quality assurance with 90+ inspection criteria, 12-month warranty coverage, and improved environmental sustainability through device lifecycle extension.

Assurant (NYSE: AIZ) has announced a $200,000 donation to Move For Hunger, bringing its total contributions to over $1 million. The donation comes from the company's annual "Moving to Fight Hunger" challenge, where Assurant donates one dollar for every mile of exercise completed by employees during May, up to $200,000.

Through The Assurant Foundation, the company partners with Move For Hunger to combat food insecurity across North America. Move For Hunger collaborates with moving companies and property management firms to reduce food waste during relocations, having provided over 50 million meals to communities in the U.S. and Canada over 15 years.

Assurant (NYSE: AIZ) has announced a strategic partnership with Ciocca Automotive, a dealership group operating 54 locations across New Jersey and Pennsylvania. The collaboration enables Ciocca to offer Assurant Vehicle Care protection products for new and used vehicles, while also receiving comprehensive dealership support services.

The partnership encompasses three key areas: vehicle protection products, in-dealership training through Assurant Dealer Services, and compliance support for wealth-building structures. Early results have been positive, with Ciocca reporting an increase in Per Vehicle Retail (PVR) within the first few months of implementation.

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.