Assurant

Assurant, Inc. is a global provider of lifestyle and housing solutions that support, protect, and connect major consumer purchases. It operates through the following segments: Global Lifestyle, Global Housing, and Corporate and Other. The Global Lifestyle segment offers mobile device solutions and extended service products and related services for mobile devices, consumer electronics and appliances, vehicle protection and related services, and credit protection and other insurance products. The Global Housing segment offers lender-placed homeowners’ insurance, lender-placed manufactured housing insurance and lender-placed flood insurance, renters’ insurance and related products, and voluntary manufactured housing insurance, voluntary homeowners’ insurance and other specialty products. The Corporate and Other segment includes corporate employee-related expenses and activities of the holding company. The company roots back to 1892 and is headquartered in New York, NY.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Assurant reports strong Q4 earnings, eyes sustainable growth strategies

Assurant's Q4 2022 earnings call highlighted strong financial performance, strategic initiatives for growth, and challenges related to inflation and loss ratios. The company remains optimistic about managing economic conditions and driving profitable growth in 2023.

Assurant reports strong Q1 performance, eyes growth amid challenges

Assurant's Q1 2023 earnings call highlighted strong performance in Global Housing, ongoing digital transformation efforts, and recognition for innovation. Challenges include higher costs in Global Automotive and subscriber declines in Japan. The company remains optimistic about the year ahead, focusing on growth opportunities and prudent capital management.

Assurant exceeds Q2 expectations, eyes efficiency amid challenges

Assurant's strong Q2 performance driven by Global Housing and Homeowners segments.
Challenges include Global Lifestyle's EBITDA decline and seasonality impacts on Connected Living.
Opportunities lie in efficiency improvements, expense reductions, and enhanced customer experience.
Overall, Assurant remains well-positioned for the full year with a focus on innovation.

Assurant reports stellar Q3 results, eyes growth in housing and reinsurance

Assurant's Q3 performance exceeded expectations, driven by strong growth in Global Housing and Renters business. The company's focus on mobile protection in Global Lifestyle and sustainability efforts were highlighted. Assurant remains optimistic about future growth prospects and cost management strategies.

Assurant reports robust 2023 performance, eyes growth amid challenges

Assurant's 2023 performance was strong, with growth in key segments and a focus on innovation.
While facing challenges in certain areas, the company's unique model and partnerships position it well for growth.
Opportunities lie in continued profitable growth, expansion in Japan, and reconvening in May for updates.
Overall, Assurant's strategic focus on operational excellence and innovation sets a positive tone for 2024.

Assurant reports stellar Q1 earnings, eyes growth in Global Housing

Assurant delivered impressive Q1 2024 results with notable growth in adjusted EBITDA and EPS, driven by strong performance in Global Housing. While facing inflation challenges in Global Automotive, the company remains optimistic about its financial objectives and growth prospects for 2024.

Assurant reports robust Q3 performance, eyes continued growth opportunities

Assurant's Q3 2024 earnings call highlighted strong year-to-date performance, with expectations of continued growth in adjusted EBITDA and EPS for the year.
Despite challenges in certain segments, the company's focus on innovation, customer experience, and operational efficiency bodes well for future success.
Assurant's strategic positioning, historical outperformance, and transformation efforts underscore its potential for long-term success and value creation.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Assurant, Inc. engages in the provision of lifestyle and housing solutions for consumer purchases. It operates through the following segments: Global Lifestyle, Global Housing, and Corporate and Other. The Global Lifestyle segment offers mobile device solutions and extended service products and related services for mobile devices, consumer electronics and appliances, vehicle protection, and related services. The Global Housing segment includes lender-placed homeowners’ insurance, lender-placed manufactured housing insurance, lender-placed flood insurance, renters' insurance, and related products, voluntary manufactured housing insurance, voluntary homeowners’ insurance and other specialty products. The Corporate and Other segment refers to the corporate employee-related expenses and activities of the holding company. The company was founded in 1892 and is headquartered in Atlanta, GA.

Assurant, Inc. (NYSE: AIZ) shares are trading lower by 10.24% to $137.05 going into the close of Wednesday's session. Shares are falling after the company reported preliminary third-quarter financial results.

Assurant Shares Are Nosediving Today: Here's Why - Assurant (NYSE:AIZ)

Assurant's (AIZ) in Q3 earnings is likely to benefit from improved net earned premiums, higher fees and other income and net investment income. However higher cat loss is a dampener.

Here's What to Expect From Assurant (AIZ) in Q3 Earnings

NEW YORK--(BUSINESS WIRE)--Assurant, Inc. (NYSE: AIZ), a leading global business services company that supports, protects and connects major consumer purchases, today announced preliminary third quarter 2022 results and an updated outlook for full-year 2022.

Assurant Reports Preliminary Third Quarter 2022 Financial Results

NEW YORK--(BUSINESS WIRE)--Assurant, Inc. (NYSE: AIZ), a leading global business services company that supports, protects and connects major consumer purchases, will release third quarter 2022 financial results on Tuesday, November 1, 2022, after the market closes. The news release will be available on Assurant's website at www.assurant.com. In conjunction with the news release, Assurant will host a conference call the following morning, Wednesday, November 2, 2022, at 8:00 a.m. ET. The call wi

Assurant to Announce Third Quarter 2022 Financial Results

Assurant, Inc. posted disappointing results in the second quarter due to the effect of inflation on its Global Housing segment. However, Assurant has begun to implement double-digit rate hikes on policy renewals.

Assurant Has Become Undervalued

NEW YORK--(BUSINESS WIRE)--CPR Cell Phone Repair (CPR), the nation's largest mobile repair franchise according to Franchise.com and the top ranked franchise for electronics repair in the 2022 Entrepreneur Franchise 500, announced that MobileSentrix, one of the largest wireless repair parts and accessories distributor in the U.S., will become CPR's primary distributor of aftermarket parts. “Partnering with MobileSentrix offers quality parts for our customers and competitive pricing and servicing

CPR Cell Phone Repair Partners with MobileSentrix, a Leading Wireless Repair Parts Distributor in the U.S.

Assurant (AIZ) extends longstanding partnership with T-Mobile to enhance the mobile customer experience.

Assurant (AIZ) Boosts Mobile Device Protection With T-Mobile

NEW YORK--(BUSINESS WIRE)--Assurant, Inc. (NYSE: AIZ), a leading global business services company that supports, protects and connects major consumer purchases, announced today a multiyear extension of its long-standing partnership with T-Mobile to continue providing comprehensive mobile device protection solutions. Over the last ten years, the two companies have leveraged innovation and agility to enhance the device ownership experience for customers. Initially starting with trade-in and expan

Assurant Extends Longstanding T-Mobile Partnership with New Multiyear Agreement

NEW YORK--(BUSINESS WIRE)--Assurant (NYSE:AIZ), a leading global business services company that supports, protects and connects major consumer purchases, today revealed that consumers are continuing to hold on to their smartphones for longer, with the average age turned in through trade-in and upgrade programs crossing the 3.5 years mark for the first time. $767 million was returned to US consumers in Q2 2022 through mobile device trade-in programs which is a 34% increase from the same quarter

Average age of smartphones turned in through trade-in and upgrade programs has broken the 3.5-year threshold

Assurant's (AIZ) strategic partnership with BuyBack Booth will help expand leading device trade-in technology portfolio.

Assurant (AIZ) Expands Technology Portfolio With BuyBack Booth

NEW YORK--(BUSINESS WIRE)--Assurant (NYSE:AIZ), a leading global business services company that supports, protects and connects major consumer purchases, today announced its new strategic partnership and investment in “Robot-as-a-Service” company A La Carte Media Inc. dba as BuyBack Booth (“BuyBack Booth”). This exclusive partnership is aimed at driving innovation, an expanded and improved customer experience, and better economics for retail mobile device trade-in programs offered by wireless c

Assurant Partners with BuyBack Booth to Bring New Innovation to Retail Device Trade-in Programs

Assurant (AIZ) reported earnings 30 days ago. What's next for the stock?

Why Is Assurant (AIZ) Up 2.9% Since Last Earnings Report?

OLDWICK, N.J.--(BUSINESS WIRE)--AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long Term ICR) of “a+” (Excellent) of the U.S. property/casualty (P/C) subsidiaries of Assurant, Inc. (Assurant) (headquartered in New York, NY) [NYSE: AIZ]. These companies are collectively referred to as Assurant P&C Group (Assurant P&C). At the same time, AM Best has revised the outlook to p

AM Best Revises Outlooks to Positive for Assurant, Inc. and Its Property/Casualty Subsidiaries; Upgrades Credit Ratings of Its Life/Health Subsidiaries

NEW YORK--(BUSINESS WIRE)--Assurant, Inc. (NYSE: AIZ), a leading global business services company that supports, protects and connects major consumer purchases, announced today that its Board of Directors declared a quarterly dividend of $0.68 per share of common stock. The dividend will be payable on September 19, 2022 to stockholders of record as of the close of business on August 29, 2022. Future dividend declarations will be made at the discretion of the Assurant Board of Directors and will

Assurant Board of Directors Declares Quarterly Dividend of $0.68 per Common Share

Hartford Financial Services Group

MetLife

Radian Group

Better pricing, product redesigns, technological advancement along with optimistic growth outlook are expected to aid multiline insurers like MET, AIG, HIG, AIZ and RDN as the impact of the pandemic recedes.

5 Multiline Insurers to Watch as Exposure Increases, Price Rises

Assurant, Inc. (NYSE:AIZ ) Q2 2022 Earnings Conference Call August 3, 2022 8:00 AM ET Company Participants Suzanne Shepherd - SVP, IR & Sustainability Keith Demmings - President, CEO & Director Richard Dziadzio - EVP & CFO Conference Call Participants Michael Phillips - Morgan Stanley Jeffrey Schmitt - William Blair & Company Tommy McJoynt - KBW John Barnidge - Piper Sandler & Co. Brian Meredith - UBS Mark Hughes - Truist Securities Grace Carter - Bank of America Merrill Lynch Operator Welcome to Assurant's Second Quarter 2022 Conference Call and Webcast. [Operator Instructions].

Assurant, Inc. (AIZ) CEO Keith Demmings on Q2 2022 Results - Earnings Call Transcript

Assurant's (AIZ) Q2 results reflect higher net investment income offset by higher catastrophes and expenses.

Assurant's (AIZ) Q2 Earnings and Revenues Miss Estimates

Assurant (AIZ) delivered earnings and revenue surprises of -8.10% and 2.75%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Assurant (AIZ) Misses Q2 Earnings and Revenue Estimates

NEW YORK--(BUSINESS WIRE)--Assurant, Inc. (NYSE: AIZ), a leading global business services company that supports, protects and connects major consumer purchases, today reported results for the second quarter ended June 30, 2022. “Overall, we were pleased by the continued earnings growth momentum of our services-oriented businesses in Global Lifestyle. Second quarter results were impacted by higher-than-expected costs in Global Housing associated with the current inflationary environment. We have

Assurant Reports Second Quarter 2022 Financial Results

Assurant's (AIZ) second-quarter results are likely to reflect organic growth from strong U.S. sales, an increase in global mobile devices serviced and continued growth from renters insurance.

Will Assurant (AIZ) Pull Off a Surprise This Earnings Season?

Assurant (AIZ) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Assurant (AIZ) Reports Next Week: Wall Street Expects Earnings Growth

FTI Consulting

Grocery Outlet

Incyte

Coca-Cola

Leidos Hld

Eli Lilly

Neurocrine Biosciences

T-Mobile US

Vertex Pharmaceuticals

The stock market is suffering a turbulent 2022 so far – and with inflation still running at a 40-year high, the Federal Reserve locked in a significant rate-hiking cycle and midterm elections just months away, it's likely the volatility is going to remain for the time being. Investors looking for a smoother market ride should consider buying low-volatility stocks as a way to manage risk.

10 Best Low-Volatility Stocks to Buy Now

Assurant (AIZ) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Why Assurant (AIZ) Could Beat Earnings Estimates Again

Allstate

Globe Life Inc

Travelers

W. R. Berkley

Market indexes fell on the back of hotter-than-expected inflation data for June on Wednesday morning. The Bureau of Labor Statistics reported the consumer price index, which measures the average change in prices for goods and services, soared 9.1% from a year ago.

News for Assurant Stock (AIZ)