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, 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.
Assurant, Inc. (NYSE: AIZ) is set to release its first quarter 2021 financial results on May 4, 2021, post-market close. A conference call to discuss these results will occur the next day at 8:00 a.m. ET. Key executives, including CEO Alan B. Colberg and CFO Richard S. Dziadzio, will present the findings during the call, which will be accessible via a live audio webcast. Assurant operates globally, providing a wide range of services such as mobile device solutions, vehicle protection, and renters insurance, among others.
Assurant, Inc. (NYSE:AIZ) has released its 2021 Social Responsibility Report, highlighting its commitment to sustainable practices through various environmental, social, and governance (ESG) initiatives. Key focus areas include fostering diverse and inclusive workplaces, enhancing product sustainability, and reducing carbon emissions. The report outlines significant accomplishments such as a multi-step pay equity initiative, increased hourly wages for U.S. workers, and substantial community support through donations. The company aims to align its ESG strategies with long-term business goals while minimizing its environmental impact.
CUNA Mutual Group announced an agreement to acquire Assurant's prearranged funeral insurance and final expense business in the U.S. and Canada for approximately $1.3 billion. This acquisition aims to enhance access to financial solutions for middle market consumers, serving over 2 million consumers. The business adds $6.5 billion of face value in-force and is expected to operate autonomously in Rapid City, South Dakota. The deal is set to close by the end of Q3, pending regulatory approvals.
Assurant reported solid financial results for Q4 and FY 2020, showcasing its resilience amid the COVID-19 pandemic. Q4 net income rose to $134.5 million ($2.23/share), up from $122.9 million ($1.98/share) in 2019. For the year, net income increased to $423.1 million ($6.99/share), primarily due to lower charges related to Iké and a one-time tax benefit. However, net operating income dropped to $109.1 million in Q4, reflecting higher reportable catastrophes. Revenues from key segments showed mixed results, with overall net earned premiums reaching $9.52 billion for 2020, a 2% increase from 2019.
Assurant (NYSE: AIZ) has announced a new share repurchase program authorizing up to $600 million of its common stock. This program follows the existing one, which has $186 million remaining. The company's leadership emphasizes strong capital position, with 65% of a $1.35 billion return objective achieved by year-end 2020. Additionally, a quarterly dividend of $0.66 per share of common stock will be paid on March 15, 2021.
Assurant, Inc. (NYSE: AIZ) will announce its Q4 and full year 2020 financial results on February 9, 2021, after market close. A conference call is scheduled for February 10, 2021, at 8:00 a.m. ET to discuss the results with key executives including Alan B. Colberg, CEO. Interested parties can listen to the call via live audio webcast on the company’s website, followed by an archived replay.
Assurant is a global provider of lifestyle and housing solutions, known for its innovative products and services across 21 countries.
Assurant (NYSE: AIZ) has acquired EPG Insurance for $43 million in cash, enhancing its service contract offerings and expanding its presence in the heavy equipment insurance market. EPG has experienced 40% growth in policies since 2018 due to strengthened sales efforts, and this acquisition is expected to further enhance Assurant's capabilities in commercial equipment. The EPG team will continue operations under Assurant, aiming to leverage their expertise for business expansion.
AM Best has assigned a Long-Term Issue Credit Rating of “bbb” to Assurant's recently issued $250 million subordinated notes, with a stable outlook. The proceeds will support Assurant's acquisition of HYLA Mobile and fund general corporate purposes. Financial leverage will remain within guideline limits post-issuance. Assurant's existing Long-Term Issuer Credit Rating of “bbb+” and ratings of its insurance subsidiaries remain unchanged, signaling stable financial health amid the debt issuance.