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 appointed Sanida Bratt as senior vice president of Emerging Solutions within its Connected Living business, reporting to Biju Nair, president of Global Connected Living. Bratt, who has extensive experience in product management from companies like Motorola and NAVTEQ, will focus on executing new products and enhancing service differentiation. Nair expressed confidence in her ability to drive revenue growth and customer loyalty through innovative solutions. Previously, Bratt was involved in digital transformation initiatives at HYLA Mobile.
Assurant, Inc. (NYSE: AIZ) announced the formation of a new Management Committee (MCOM) taking effect in January 2022, aimed at enhancing business growth and innovation strategies. The committee includes three new members: Manny Becerra, Biju Nair, and Martin Jenns, who will lead various segments of the company. Keith Demmings, the incoming CEO, emphasized the MCOM's role in driving joint planning and operational effectiveness. The committee will work towards maintaining employee engagement and meeting strategic priorities for stakeholders.
Assurant, Inc. (NYSE: AIZ) is set to disclose its third quarter 2021 financial results on November 2, 2021, after market close. Investors can access the release on Assurant's website. A live audio conference call will take place the following morning, November 3, 2021, at 8:00 a.m. ET, featuring key executives including CEO Alan B. Colberg. The company is recognized for providing essential lifestyle and housing solutions globally, partnering with top brands to enhance customer experiences.
Assurant, Inc. (NYSE: AIZ) announced the retirement of person value="APIN:2232936613"Gene Mergelmeyer, Chief Operating Officer, effective year-end 2021 after 34 years with the company. Keith Meier, currently President of Assurant International, will succeed him as COO on January 1, 2022. The management changes aim to strengthen Assurant’s business strategy and enhance customer experiences globally. The company emphasizes its strong business momentum and commitment to evolving its leadership structure to meet client demands.
Assurant reported a strong second quarter for 2021, with GAAP net income rising 12% to $184.7 million and per diluted share increasing 16% to $3.01. Net operating income surged 19% year-over-year to $183.2 million, and adjusted EBITDA grew 10% to $297.6 million. The company maintains a robust outlook for 2021, projecting a 10-14% growth in net operating income per diluted share. Notably, liquidity stood at $353 million, and share repurchases totaled $233 million. The recent $1.35 billion sale of the Global Preneed business positions Assurant for further investment in growth areas.
Assurant (NYSE: AIZ) announced the sale of its Global Preneed funeral insurance and final expense business to CUNA Mutual Group for approximately $1.35 billion in cash. This transaction will generate around $1.2 billion in net proceeds, with plans to return $900 million to shareholders through buybacks within a year. Additionally, the remainder will be invested in connected world businesses to support long-term growth. This strategic move is part of Assurant's focus on lifestyle and housing solutions, enhancing its competitive position in the market.
Assurant (NYSE: AIZ) reveals insights from its 2021 Connected Decade survey, highlighting an increase in consumer reliance on connected devices due to the pandemic. Key findings show 60% of consumers are now focused on protecting their devices, a rise from 49% in 2020. Preferences for quick device repairs surged by 120%, and 36% are keen to upgrade to 5G, up from 25% in 2019. Challenges with connected products also grew, with 46% reporting issues, while interest in value-added services, such as tech support, increased by 70%.
Assurant, Inc. (NYSE: AIZ) announced a quarterly dividend of $0.66 per share, set for payment on September 21, 2021, to stockholders of record as of August 30, 2021. Future dividends will depend on the company’s earnings and financial condition. Assurant is a global provider of lifestyle and housing solutions, operating in 21 countries, offering various services including mobile device solutions, vehicle protection, and insurance products. The company focuses on developing innovative products in response to consumer needs.
CPR by Assurant, the largest mobile repair franchise in the U.S., has joined Apple's Independent Repair Provider program, enabling access to genuine iPhone parts and specialized repair training for technicians. This enhances CPR's service offerings for iPhone users, ensuring high-quality repairs with certified experts. Additionally, CPR has expanded its mobile repair services and introduced Pocket Geek Home for tech support. With over 850 locations, CPR continues to grow rapidly in the electronics repair market, providing same-day services for various devices.
Assurant, Inc. (NYSE: AIZ) has appointed Manny Becerra as the first Chief Innovation Officer, effective immediately, to enhance innovation in its 'Connected World' businesses. Reporting to the newly appointed President Keith W. Demmings, Becerra will lead a specialized team focused on product development and distribution channels. Biju Nair will succeed Becerra as President of the global Connected Living business. These appointments are seen as pivotal for Assurant's growth strategy, emphasizing innovation and improved customer experience.