Assurant Stock Price, News & Analysis

AM Best has upgraded the outlooks of Assurant, Inc. (NYSE: AIZ) to positive from stable while affirming an FSR of A (Excellent) and Long-Term ICRs of “a+” (Excellent) for its property/casualty subsidiaries. Concurrently, the outlook for Assurant's life/health subsidiaries was also revised to positive, with upgrades in their ratings. The strong financial fundamentals, risk management, and capital generation potential contributed to these positive revisions.

Assurant, Inc. (NYSE: AIZ) announced a quarterly dividend of $0.68 per share, payable on September 19, 2022, to shareholders of record as of August 29, 2022. Future dividend amounts will depend on the company's financial health, earnings, capital needs, and regulatory factors. As a Fortune 500 company operating in 21 countries, Assurant provides essential business services, including vehicle protection, renters insurance, and mobile device solutions, enhancing consumer experiences worldwide.

Assurant reported Q2 2022 results, showing a 72% decline in GAAP net income to $52.2 million, with a net income per share drop of 69% to $0.95. Adjusted EBITDA decreased 14% to $257.1 million, reflecting inflationary pressures and higher costs in Global Housing, while adjusted earnings per share slightly fell by 9% to $2.95. The company revised its 2022 outlook, projecting 3-6% growth in Adjusted EBITDA and 14-18% growth in adjusted EPS, driven by performance in Global Lifestyle, despite anticipated declines in Global Housing.

Assurant, Inc. (NYSE: AIZ) will announce its second quarter 2022 financial results on August 2, 2022, after market close. The announcement will be available on Assurant's website. A conference call to discuss the results will take place on August 3, 2022, at 8:00 a.m. ET, featuring CEO Keith W. Demmings, CFO Richard S. Dziadzio, and SVP Suzanne Shepherd. The call will be accessible via live audio webcast, with a replay available thereafter. Assurant is a Fortune 500 company operating in 21 countries, providing services related to consumer purchases.

Assurant, Inc. (NYSE: AIZ) announced its participation in the William Blair Growth Stock Conference on June 8, 2022, in Chicago. CEO Keith Demmings will discuss the company's strategic vision and competitive strengths beginning at 11:00 a.m. ET. The conference features key executives, including Richard Dziadzio and Biju Nair. A live webcast will be available on Assurant's Investor Relations website, with an archived replay accessible shortly after the event.

Assurant is a global leader in business services, focusing on protecting and connecting major consumer purchases.

Assurant, Inc. (NYSE: AIZ) reported a 17% year-over-year increase in trade-in program value, translating to $784 million returned to U.S. consumers in Q1 2022. The report highlights growing consumer participation driven by environmental consciousness and 5G device promotions. Key findings include the iPhone XR as the most traded device for five quarters and a slight decline in average trade-in value, down to $123. The rise in the age of Android devices traded in indicates a shift in consumer behavior towards sustainability.

Assurant, Inc. (NYSE: AIZ) announced a quarterly dividend of $0.68 per share, payable on June 20, 2022, to stockholders of record by May 31, 2022. Future dividends will depend on the company's earnings, financial health, capital needs, and regulatory considerations. Assurant, a Fortune 300 company, operates in 21 countries and partners with leading brands to enhance consumer experiences through various services, including mobile device solutions and insurance products.

Assurant, Inc. (NYSE: AIZ) has appointed Sari Granat, President and COO of Chainalysis, to its Board of Directors, enhancing its technology and governance expertise. Granat's extensive background includes roles at IHS Markit, where she managed legal and risk functions. Assurant's Board Chair, Elaine Rosen, emphasized Granat's relevance to the company's growth and diversity goals. Granat's experience, including overseeing technology transformation during IHS Markit's IPO and merger, aligns with Assurant's vision as a leading global business services provider.