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) 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.
Assurant, Inc. (NYSE: AIZ) has announced a quarterly dividend increase of $0.02, bringing the total to $0.68 per common share. This dividend will be paid on December 20, 2021, to stockholders of record by November 29, 2021. CEO Alan Colberg emphasized the company’s disciplined capital management and robust cash generation, reaffirming the strength and visibility of Assurant's future cash flows. This marks the 17th consecutive dividend raise since its IPO and highlights the company’s commitment to returning capital to shareholders.
Assurant, a leading global provider of lifestyle and housing solutions, reported strong Q3 2021 results, showcasing a 75% increase in GAAP net income to $153.6 million, or $2.58 per diluted share. Net operating income rose 21% to $84.1 million, with adjusted EBITDA up 4% to $262.3 million. The company reaffirmed its 2021 outlook, anticipating a 10-14% increase in net operating income per diluted share. Driven by growth in Global Automotive and Connected Living, total revenue reached $2.45 billion, a 7% year-over-year increase.
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.