Assurant Stock Price, News & Analysis

Assurant Foundation has made a $30,000 donation to the National Automobile Dealers Association (NADA) Foundation's Workforce Initiative at NADA Show 2025 in New Orleans. This marks the sixth consecutive year of Assurant's support, bringing their total contribution since 2019 to $165,000.

The NADA Workforce Initiative, established in 2018, aims to address the shortage of service technicians and promote dealership career opportunities. The program provides resources for recruiting talent and highlights competitive salaries, benefits, and advancement opportunities in dealerships nationwide.

The initiative has expanded to include recruitment for all dealership roles and departments, offering centralized, brand-neutral tools for talent acquisition. The donation will support efforts to develop a modern, inclusive automotive service workforce, particularly important as the industry evolves with new technologies like electric vehicles and enhanced connectivity.

Assurant (NYSE: AIZ) has established mobile claims support sites in Burbank and Santa Monica to assist Southern California policyholders affected by regional wildfires. The company now offers multiple claim filing options: online, via phone, and in-person at these new locations operating daily from 7:00 a.m. to 7:00 p.m. PST.

To support recovery efforts, Assurant is implementing several initiatives including electronic payments for quick disbursement and proactive outreach to policyholders. The company is also supporting its Southern California employees through paid time off, access to Employee Assistance Program, and emergency financial assistance through the ACES Fund.

The Assurant Foundation is contributing $250,000 in total relief funds: $150,000 to the American Red Cross, $50,000 to the California Community Foundation's Wildfire Recovery Fund, and $50,000 to the California Fire Foundation's LA Wildfire & Disaster Relief Fund.

Assurant (NYSE: AIZ) has announced a quarterly dividend declaration of $0.80 per share of common stock. The dividend will be paid on March 31, 2025, to stockholders of record as of February 3, 2025. The company, which specializes in business services supporting major consumer purchases, notes that future dividend declarations will be made at the Board's discretion, considering factors such as earnings, financial condition, capital requirements, future prospects, and regulatory restrictions.

Assurant (NYSE: AIZ) has announced it will release its fourth quarter and full year 2024 financial results on Tuesday, February 11, 2025, after market close. The company will host a conference call on Wednesday, February 12, 2025, at 8:00 a.m. ET to discuss the results.

The earnings call will feature presentations from Keith Demmings, president and CEO, Keith Meier, CFO, and Sean Moshier, VP of Investor Relations. The event will be accessible via live audio webcast in the Investor Relations section of Assurant's website, with supplemental materials and an archived replay available after the event.

Assurant (NYSE: AIZ) has been recognized on Newsweek's America's Most Responsible Companies 2025 list for the second consecutive year. The recognition, presented in collaboration with Statista, reflects the company's commitment to corporate responsibility and sustainability.

The ranking is based on over 30 Key Performance Indicators across three Corporate Social Responsibility (CSR) pillars and includes CSR reputation derived from public perception surveys among U.S. residents. Keith Demmings, president and CEO, emphasized the company's dedication to sustainability and responsible business practices, highlighting their mission to improve lives and advance a connected, respected, and protected world.

Assurant (NYSE: AIZ) reported that mobile device trade-in programs returned $1.09 billion to consumers in Q3 2024, marking the first-ever third-quarter to exceed $1 billion in returns. The iPhone 13 became the most traded-in device, representing 23.2% of top five trade-ins, while the Galaxy S22 Ultra 5G led Android trade-ins. The average age of traded devices decreased for the first time in 2024, with iPhones averaging 3.69 years and Android devices 3.38 years at trade-in. Notably, 5G devices became the top traded models across both Android and Apple platforms.

Assurant (NYSE: AIZ) has appointed Kevin Warren, former chief marketing and customer experience officer at UPS, to its Board of Directors, effective January 15, 2025. Warren will serve on the company's Compensation and Talent committee. He brings extensive experience from UPS and Xerox in customer experience, supply chain management, digital enablement, and strategic growth initiatives. Warren currently serves on Fiserv's Board of Directors. The announcement also includes the planned departures of Board members Lawrence Jackson and Paget Alves, with Jackson retiring at the 2025 annual shareholder meeting and Alves leaving on January 15, 2025, to become CEO of Sorensen.

Assurant (NYSE: AIZ) has announced an 11% increase in its quarterly dividend, raising it by $0.08 to $0.80 per share of common stock. The dividend will be paid on December 30, 2024, to stockholders of record as of December 9, 2024. This marks the company's 20th consecutive year of dividend increases since its IPO. CFO Keith Meier emphasized that this increase reflects Assurant's strong capital position and confidence in long-term cash generation from their Global Lifestyle and Global Housing businesses.

Assurant (NYSE: AIZ) has been named to Forbes' America's Best Employers for Veterans 2024 list. The recognition follows an independent survey of over 24,000 U.S. veterans, evaluating factors including workplace atmosphere, development opportunities, working conditions, and veteran-specific topics. The company was among 150 organizations recognized for their commitment to veterans' employment and success.

Through its Veterans@Assurant Employee Resource Group, the company focuses on attracting and developing veteran talent. Recently, Assurant demonstrated its commitment to veterans by donating its fourth mobility-modified vehicle to U.S. Army veteran Stephanie Johnson through a partnership with Wounded Warriors Family Support.