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. operates as a global protection company that partners with brands to safeguard and service connected devices, homes and automobiles. Company news commonly centers on Global Lifestyle and Global Housing results, including mobile device protection, Connected Living trade-in and upgrade programs, extended service contracts, lender-placed homeowners coverage, flood and manufactured housing insurance, and home warranty offerings.
Recurring updates also cover client partnerships with mobile operators, real estate brands and automotive channels; industry reports on the secondary market for mobile devices; quarterly earnings, outlook commentary, catastrophe impacts and capital actions such as share repurchases. These developments reflect Assurant's mix of fee, insurance, warranty and service programs across consumer-device, housing and vehicle-protection markets.
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.
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%.