Assurant Stock Price, News & Analysis

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.

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.

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.

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.

Assurant, a leading global business services company, announced its Q4 and full-year 2022 results, marking a 54% decline in GAAP net income to $276.6 million. Adjusted EBITDA showed a slight decrease of 1% to $956.2 million. Global Lifestyle grew by high single-digits, while Global Housing faced challenges, resulting in a 15% drop in full-year EBITDA. The company projects low single-digit growth for Adjusted EBITDA in 2023, driven by housing performance but tempered by macroeconomic headwinds. Shareholder returns totaled $718 million in 2022, demonstrating a focus on capital return despite the economic landscape.

Assurant, Inc. (NYSE: AIZ) has achieved Great Place to Work Certification™ in the U.S. for the second consecutive year, with 84% of employees affirming it as a great workplace, significantly higher than the U.S. average. This recognition highlights Assurant's commitment to employee experience, fostering an inclusive and innovative culture. Globally, the company is certified in 13 countries. The certification, based on independent employee feedback, indicates strong employee retention and satisfaction, which could positively influence company performance and innovation.

Assurant (NYSE: AIZ) has announced a partnership with Altelium to enhance electric vehicle (EV) services. This collaboration combines real-time battery data with advanced modeling and AI, enabling Assurant to offer innovative products like Assurant EV One Protection℠. This service provides extensive coverage for battery repair and replacement for battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs). The partnership aims to bolster dealer and consumer confidence in EVs while supporting sustainable automotive practices. The introduction of AI-driven insights will enhance customer experiences and promote the adoption of EVs.

Assurant, Inc. (NYSE: AIZ) announces the launch of Assurant Vehicle Care, a new suite of vehicle protection products aimed at dealerships. This suite includes enhanced offerings such as Vehicle Service Contracts, Dealer Certified Limited Warranties, Prepaid Maintenance, and Theft Protection, among others. The product suite is designed to streamline sales and improve customer experience through digital platforms, including the Vehicle Care by Assurant app and VehicleCarePlan.com. Additionally, inflation-optimized pricing enhances product viability. The initiative reflects Assurant's commitment to innovation in the automotive sector and aims to strengthen dealer revenue and customer loyalty.