Assurant Stock Price, News & Analysis

CPR Cell Phone Repair, the largest mobile repair franchise in the U.S., has been ranked first in Entrepreneur magazine's Franchise 500 for electronics repair for the second consecutive year. This ranking is based on an analysis of over 150 data points reflecting the franchise's growth, brand power, and financial strength. CPR has enhanced its services, partnering with T-Mobile's device repair program and MobileSentrix for competitive pricing. With over 440 locations, CPR has solidified its leadership in the electronics repair industry.

Assurant, Inc. (NYSE: AIZ) will release its fourth quarter and full year 2022 financial results on February 7, 2023, after market close. A conference call will follow on February 8, 2023, at 8:00 a.m. ET, where key executives, including CEO Keith W. Demmings and CFO Richard S. Dziadzio, will discuss the results. The live audio webcast will be available on Assurant's Investor Relations website, with an archived replay accessible shortly after the live event. Assurant operates in 21 countries, offering services such as mobile device solutions, vehicle protection, and renters insurance.

Assurant, Inc. (NYSE: AIZ) announced its target to reduce greenhouse gas emissions by 40% by 2030, aligning with the Paris Agreement and the Science-based Targets initiative. This goal is part of their commitment to sustainability, supported by their real estate consolidation and energy-saving measures across 21 countries. Assurant retained a ‘B’ CDP score for five consecutive years, indicating strong environmental transparency. In 2021, the company achieved a 10% decline in Scope 2 emissions, indicating progress in reducing its environmental impact.

Assurant (NYSE:AIZ) reported a record $970 million returned to U.S. consumers in Q3 2022 through mobile device trade-in and upgrade programs, reflecting a 28% year-on-year increase. This marks the highest third quarter return recorded. The Mobile Trade-in and Upgrade Industry Trends Report highlights continued growth in the secondary device market, with notable trends such as the iPhone 11 being the top traded device. Despite a decrease in average trade-in value to $111, the number of trades conducted online rose significantly by 86% year-on-year.

Assurant employees globally participated in a 5K run this October, raising over $340,000 for the United Way. This brings the total funds raised since the event's inception to $1.4 million. Over 840 participants engaged, with events held in Atlanta and Miami, along with virtual participation. The funds support United Way efforts in multiple locations, reinforcing Assurant's commitment to community welfare and employee volunteerism.

Assurant, Inc. (NYSE: AIZ) has announced a quarterly dividend increase of $0.02, raising the total to $0.70 per share. This dividend, marking the 18th consecutive increase since the company's IPO, is set to be paid on December 19, 2022, to shareholders on record as of November 28, 2022. Assurant's CEO, Keith Demmings, emphasized the company's strong business fundamentals and ongoing cash generation capabilities.

Assurant, Inc. (NYSE: AIZ) has enhanced its Assurant EV One Protection℠ product, specifically designed for U.S. owners of Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). The updated offering now provides expanded coverage for traction batteries, EV-specific components, wear and tear items, and industry-leading transparency regarding battery health. This product is aimed at providing more value and peace of mind for consumers, enhancing their experience as electric vehicle adoption increases.

Assurant, Inc. (AIZ) reported disappointing Q3 2022 results with GAAP net income plunging 95% to $7.3 million and adjusted earnings per share at $2.81, an 8% decline. Adjusted EBITDA fell 31% to $116 million, impacted by higher catastrophe losses. Global Lifestyle revenue increased slightly by 1% to $1.99 billion, driven by automotive growth, while Global Housing saw EBITDA turn negative. Looking ahead, Assurant expects adjusted EBITDA to be modestly down or flat, with high single-digit growth in earnings per share. Share repurchases totaled $80 million in the quarter.

Assurant, Inc. (AIZ) has released preliminary third quarter 2022 results, indicating a decline in profitability due to a challenging macroeconomic environment and elevated catastrophe losses, particularly from Hurricane Ian. Key figures include a GAAP net income of $7 million and adjusted EBITDA of $116 million, down from $169 million year-over-year. The company updated its 2022 outlook, forecasting modestly lower adjusted EBITDA and high single-digit growth in Global Lifestyle. Actions for expense efficiencies are being implemented to improve future profitability.