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) released its 2024 Mobile Trade-in and Upgrade Industry Trends Report, revealing significant shifts in consumer device upgrade patterns. U.S. consumers received $4.5 billion in trade-in value, a 5% increase from 2023.
The average age of turned-in devices showed notable changes throughout 2024: Android devices decreased from 3.67 years in Q1 to 3.38 years in Q3, while iPhones dropped from 3.78 years in Q2 to 3.63 years in Q4. The iPhone 13 surpassed the iPhone 11 as the most frequently traded device in H2 2024, while the Samsung Galaxy S21 remained the top Android trade-in.
The report suggests AI features are becoming increasingly important in upgrade decisions, with nearly half of U.S. consumers expecting AI support in their next smartphone. Environmental impact was also significant, with trade-in programs helping avoid approximately 1.8M metric tons of carbon emissions and keeping 6M metric tons of devices out of landfills in 2024.
Assurant (NYSE: AIZ) reported strong financial results for Q4 and full-year 2024, marking its second consecutive year of double-digit earnings growth. Full-year GAAP net income increased 18% to $760.2 million, while net income per diluted share rose 21% to $14.46.
The company's Adjusted EBITDA, excluding reportable catastrophes, grew 15% to $1.57 billion, driven by strong performance in Global Housing. Net earned premiums, fees, and other income from Global Lifestyle and Global Housing segments totaled $11.42 billion, up 7% from 2023.
For 2025, Assurant expects modest growth in Adjusted EBITDA and earnings per share, or high-single-digit growth when excluding $107 million of favorable prior year development from 2024. The company maintained strong liquidity with $673 million in holding company liquidity and returned $456 million to shareholders through share repurchases and dividends in 2024.
Assurant (NYSE: AIZ) has been named one of America's Most JUST Companies for the second consecutive year by JUST Capital and CNBC. The recognition is part of the 2025 Rankings of America's Most JUST Companies, which evaluates major corporations on key priorities including fair wages, worker well-being, career advancement, transparency, community support, ethical leadership, and customer treatment.
Companies in the JUST 100, compared to Russell 1000 peers, demonstrate superior performance metrics including:
- 75.1% higher rate of paying family-sustaining wages
- $1.95 higher nationwide minimum wage
- 16.4 more hours of career development training per employee
- 2 additional weeks of paid parental leave
- 48% lower CO2 emissions per revenue dollar
Assurant CEO Keith Demmings emphasized the company's commitment to advancing a connected, respected, and protected world, highlighting their purpose-driven approach to serving all stakeholders.
Assurant (NYSE: AIZ) announced key leadership changes across its European and Latin American operations. Felipe Sanchez has been appointed as president of Europe, overseeing operations in France, Germany, Italy, Netherlands, Spain, and the UK, pending regulatory approval. He succeeds Christian Formby, who becomes president of Specialty Solutions, Global Housing.
Diego Gomez, after serving as president of Assurant Argentina for six years, will become president of Assurant Mexico. Under his leadership, Assurant established its first Global Capabilities Center (GCC) in Buenos Aires. Ines Aramburu, previously vice president of Assurant International's People organization, has been appointed president of Assurant Argentina. She played a important role in launching GCCs in Argentina and India.
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.