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 (NYSE: AIZ) has announced an investment in Zibo, a financial services platform for independent landlords. This collaboration aims to address industry challenges by offering tools for banking, rent collection, and expense management. Zibo targets 8 million independent landlords in the US, representing a $9 billion addressable market. Assurant Ventures focuses on funding disruptors in the PropTech sector, aligning with its lines of business, including Connected Living and Multifamily Housing.
Summary not available.
Assurant, a global leader in lifestyle and housing solutions, has successfully closed a public offering of $350 million in 2.650% Senior Notes due 2032. After expenses, the net proceeds will be approximately $346.2 million. These funds will be utilized to redeem all outstanding 4.00% Senior Notes due 2023, covering related premiums and fees. J.P. Morgan and Wells Fargo served as joint book-running managers for the offering. This offering was registered under the Securities Act of 1933, and further details can be accessed through the SEC's EDGAR.
Assurant (NYSE: AIZ) announces the appointment of Chandra Wilensky as Senior Vice President of Talent, effective immediately. Previously the Chief Talent Officer at Northern Trust, Wilensky will focus on strategic talent acquisition and development, reporting to Chief Administrative Officer Francesca Luthi. Her role includes overseeing talent strategy, performance management, learning development, and diversity initiatives. With a strong background in HR, Wilensky aims to enhance the company's talent strategies and improve stakeholder experiences, reinforcing Assurant's commitment to a people-first culture.
Assurant (NYSE: AIZ) announces the retirement of Alan B. Colberg as CEO at the end of 2021, after seven years at the helm. Keith W. Demmings has been appointed as President and will succeed Colberg as CEO in January 2022. Under Colberg's leadership, Assurant transitioned from a specialty insurance company to a global provider of lifestyle solutions, achieving significant shareholder value. The company emphasizes a strong future under Demmings, focusing on innovation and meeting evolving consumer needs.
Assurant (NYSE: AIZ) announced a new $900 million share repurchase authorization, supplementing the $731 million remaining from prior authorizations as of April 30, 2021. This buyback aims to utilize funds from the anticipated sale of Global Preneed, expected to close in Q3 2021. Additionally, the company declared a quarterly dividend of $0.66 per share, payable on June 22, 2021. These initiatives reflect Assurant's strong cash flow and commitment to returning capital to shareholders.
Assurant reported robust Q1 2021 results, with net income at $148.5 million or $2.41 per diluted share, a 4% increase from Q1 2020. Net operating income excluding reportable catastrophes rose 13% to $182.3 million, with a per share increase of 16% to $3.03. Adjusted EBITDA grew by 14% to $302.2 million. The company also raised its 2021 outlook for net operating income growth to 10-14%, supported by share repurchases and consistent performance across its Global Automotive and Multifamily Housing sectors. Liquidity stood at $332 million, with significant capital returns underway.
Assurant (NYSE: AIZ) announced that its corporate venture capital arm, Assurant Ventures, has surpassed $100 million in capital deployment since its inception in 2015. The fund, previously known as Assurant Growth Investing, is focused on supporting disruptive technology startups across various consumer sectors. Assurant Ventures has invested in over 20 startups, including Cazoo, Doma, Vacasa, SmartRent, and PrecisionLender. The initiative aims to foster innovation and provide growth opportunities for emerging companies within Assurant's ecosystem.
Assurant (NYSE: AIZ) has successfully repurposed its 100 millionth mobile device, showcasing its commitment to sustainability. This achievement reflects operations from both Assurant and its acquisition, HYLA Mobile. The company’s practices have diverted over 20,000 metric tons of e-waste and offset 5.5 million metric tons of CO2 emissions, enhancing connectivity for millions. In 2020, Assurant recycled 1.5 million phones, recovering valuable metals and injecting approximately $11 billion into the global economy through device trade-ins.
Assurant, Inc. (NYSE: AIZ) announced a shift in its financial reporting, focusing on its Global Lifestyle and Global Housing businesses. Following the sale of its Global Preneed business, the financial statements will reflect these operations as discontinued. Starting Q1 2021, Assurant will introduce a new performance metric, Adjusted EBITDA, to enhance financial insights, emphasizing its pivot towards service-oriented business models. An updated financial supplement reflecting these changes is available ahead of the Q1 2021 results set for May 4, 2021.
FAQ
What is the current stock price of Assurant (AIZ)?
What is the market cap of Assurant (AIZ)?
