Welcome to our dedicated page for Assurant news (Ticker: AIZ), a resource for investors and traders seeking the latest updates and insights on Assurant stock.
Assurant, Inc. (NYSE: AIZ) is a global protection company that regularly issues news and updates about its activities in safeguarding and servicing connected devices, homes and automobiles in partnership with leading brands. As a Fortune 500 company operating in 21 countries, Assurant uses its news releases to communicate developments across its Global Lifestyle and Global Housing segments, capital markets activity, technology investments and corporate recognition.
On this page, readers can follow Assurant news related to financial results, including quarterly earnings announcements and outlook updates. The company frequently reports segment performance for Global Lifestyle and Global Housing, highlights trends such as mobile trade-in volumes, and discusses factors affecting results, such as reportable catastrophes and growth in policies in-force.
Assurant also publishes news about strategic initiatives and partnerships. Recent announcements have covered topics such as the acquisition of mobile device test automation technology from OptoFidelity to enhance device processing and refurbishment, the launch of HOIVerify Origination to automate insurance verification during mortgage loan origination, and a partnership with Evident to provide end-to-end risk management for the commercial equipment rental industry.
Corporate governance and leadership changes, including appointments to the Management Committee and executive transitions, are disclosed through news releases, as are share repurchase authorizations and dividend changes. Recognition such as inclusion on TIME’s World’s Best Companies list is also communicated through Assurant’s news flow.
Investors, partners and other interested readers can use this news page to monitor how Assurant’s protection businesses, technology capabilities and capital management decisions evolve over time. Regular updates provide insight into the company’s role in connected devices, housing-related insurance, automotive protection and commercial equipment risk management.
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.
Assurant reported a Q1 2022 GAAP net income of $145.5 million, down 2% from $148.5 million in Q1 2021. Adjusted EBITDA reached $299.0 million, up 16% year-over-year, while adjusted earnings per diluted share increased 39% to $3.75. The company anticipates 8-10% growth in Adjusted EBITDA and 16-20% growth in adjusted earnings per share for 2022, driven by Global Lifestyle and Global Housing segments. Liquidity remains strong at $738 million, supporting share repurchases and dividends totaling $280 million in Q1.
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Assurant, Inc. (NYSE: AIZ) will release its first quarter 2022 financial results on May 3, 2022, after market close. A conference call will follow on May 4, 2022, at 8:00 a.m. ET, featuring CEO Keith W. Demmings and CFO Richard S. Dziadzio. The call will be available via live audio webcast on the company’s website, with an archived replay to be made available shortly after. Assurant is a Fortune 300 company, serving 21 countries and specializing in mobile device solutions, extended service contracts, and various insurance products.
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.