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) 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.