Assurant Stock Price, News & Analysis

Assurant, Inc. (NYSE: AIZ) hosted a virtual Investor Day, outlining its vision and financial outlook for 2022 and objectives for 2023-2024. The company expects an 8-10% growth in adjusted EBITDA and nearly $3 billion in segment cash generation over the next three years. Additionally, Assurant aims for 12-20% growth in adjusted earnings per diluted share. The leadership emphasized its progress since 2019 and the company's transition to a fee-based, capital-light model, aiming to maximize long-term shareholder value through sustainable cash flow and strategic investments.

Polly, the leading insurance marketplace for automotive retail, has announced a strategic partnership with Assurant (NYSE: AIZ). This collaboration aims to enhance digital tools for automotive dealers through Polly's cost-saving insurance platform. The new integration will help increase revenue per vehicle retail and penetration of finance and insurance products. Polly customers report an average savings of $64 per month, which could lead to higher sales of F&I products for dealers, with reported increases in back-end gross of 44%.

Assurant, Inc. (NYSE: AIZ) reported a significant increase in consumer returns through trade-in and upgrade programs, totaling $3.1 billion in 2021, surpassing 2020's $2.1 billion and pre-pandemic 2019's $2.4 billion.

In Q4 2021 alone, $1.1 billion was returned, up 40% from Q3 2021 and 34% year-over-year. Online trade-ins surged by 220% from Q3. The iPhone XR remained the most traded device, with an average trade-in value of $140, a 13% increase from last year.

Assurant, Inc. (NYSE: AIZ) has achieved Great Place to Work Certification in the U.S., with 82% of employees affirming it as a great workplace. This score is 23 points higher than the U.S. average. Assurant is now certified in 10 countries, reflecting its commitment to equity and inclusion. The certification is based on employee feedback regarding workplace culture, which correlates with improved employee retention and innovation. This recognition underscores Assurant's strategy to enhance employee experience and drive sustainable growth.

Assurant, Inc. (NYSE: AIZ) will host a virtual Investor Day on March 24, 2022, at 9:00 a.m. ET. The event will showcase presentations from company executives discussing its long-term strategy and financial goals. Investors can access a live video webcast and Q&A session through the Investor Relations section of Assurant's website. Slides from the presentation will also be available shortly before the event. Assurant is a leading global provider of lifestyle and housing solutions, serving major consumer needs.

Assurant, Inc. (NYSE: AIZ), a global leader in lifestyle and housing solutions, will participate in the virtual Bank of America Securities Insurance Conference on February 15, 2022. President and CEO Keith Demmings will join a fireside chat at 2:30 p.m. ET. The session will be webcast live, with a replay available shortly after. Assurant provides innovative products and services across 21 countries, focusing on consumer needs with solutions like mobile device coverage, renters insurance, and vehicle protection.

Assurant, Inc. (NYSE: AIZ) achieved its 2021 financial objectives with double-digit earnings growth and reported a GAAP net income of $613.5 million, a 18% increase year-over-year. Earnings per share rose 24% to $10.20. The company anticipates an 8-10% growth in Adjusted EBITDA for 2022, driven by Global Lifestyle and Global Housing. Additionally, the holding company liquidity stands at $1.05 billion. Share repurchases and dividends totaled $1.0 billion in 2021, reflecting strong capital return strategies. Assurant plans to continue focusing on sustainability and innovation.