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) 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.
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Assurant, Inc. (NYSE: AIZ) has declared a $0.68 quarterly dividend per share, payable on March 21, 2022, to shareholders on record as of February 28, 2022. Future dividends will depend on the company’s earnings, financial health, capital needs, and regulatory conditions. Assurant is a global provider of lifestyle and housing solutions, operating in 21 countries with various offerings, including mobile device solutions and insurance products.
Assurant, Inc. (NYSE: AIZ) will release its fourth quarter and full-year 2021 financial results on February 8, 2022. The announcement follows their earnings release schedule, and a conference call to discuss the results will take place on February 9, 2022, at 8:00 a.m. ET, accessible via a live audio webcast. Key executives, including CEO Keith W. Demmings and CFO Richard S. Dziadzio, will outline the financial performance during the call. The event will be recorded and available for replay shortly after.
Assurant (NYSE:AIZ) has expanded its partnership with Telefonica Group to enhance their trade-in services for devices. This collaboration will leverage Assurant's proprietary technology to offer diagnostics, trade-in management, and pricing analytics across multiple channels including stores and online platforms. Telefonica, serving over 360 million customers globally, aims to improve customer retention and promote environmental sustainability through responsible device recycling. In 2020, Assurant recycled approximately 1.5 million phones, recovering significant amounts of precious metals.