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Assurant Inc (AIZ)

AIZ on New York Consolidated

98.66USD
22 Nov 2017
Change (% chg)

$0.26 (+0.26%)
Prev Close
$98.40
Open
$98.21
Day's High
$98.83
Day's Low
$97.72
Volume
193,237
Avg. Vol
406,126
52-wk High
$106.99
52-wk Low
$85.07

Latest Key Developments (Source: Significant Developments)

ASSURANT BOARD OF DIRECTORS APPROVES 6% DIVIDEND INCREASE
Friday, 10 Nov 2017 11:21am EST 

Nov 10 (Reuters) - Assurant Inc ::ASSURANT BOARD OF DIRECTORS APPROVES 6% DIVIDEND INCREASE.‍RAISES QUARTERLY DIVIDEND BY $0.03 TO $0.56 PER COMMON SHARE​.  Full Article

Assurant Q3 operating loss per share of $1.40
Thursday, 2 Nov 2017 04:15pm EDT 

Nov 2 (Reuters) - Assurant Inc ::Assurant reports third quarter 2017 financial results.Q3 operating loss per share $1.40.Q3 loss per share $1.05.Q3 earnings per share view $-1.72 -- Thomson Reuters I/B/E/S.Sees ‍for FY 2017, operating earnings per diluted share, excluding catastrophe losses to grow double-digits from 2016​.  Full Article

Assurant to acquire the Warranty Group in transaction valued at $2.5 billion
Wednesday, 18 Oct 2017 06:30am EDT 

Oct 18 (Reuters) - Assurant Inc :Assurant to acquire the Warranty Group in transaction valued at $2.5 Billion.Assurant Inc - ‍Assurant to acquire Warranty Group in transaction valued at $2.5 billion​.Assurant Inc - deal to be ‍modestly accretive to operating earnings per share in 2018 on a run-rate basis​.Assurant Inc - ‍transaction values Warranty Group at $1.9 billion in equity value​.Assurant Inc - ‍upon deal closing, Assurant Ltd. shares will trade on New York Stock Exchange under ticker symbol AIZ​.Assurant Inc - ‍senior management team of assurant will lead combined organization​.Assurant Inc - co will become a wholly owned subsidiary of Twg Holdings Limited, whose name will be changed to Assurant Ltd​.Assurant Inc - ‍Assurant shareholders will own about 77 percent of combined entity as existing shares of co are converted into shares of Assurant Ltd​.Assurant Inc - ‍existing Assurant Inc shares to be converted into shares of Assurant Ltd on a one-for-one basis​.Assurant-To finance cash consideration,repayment of $591 million of Warranty Group's debt through new debt,preferred securities to be issued after closing​.Assurant Inc - ‍assurant has entered into a commitment letter for a $1.0 billion bridge facility​.Assurant Inc - ‍assurant will also pay approximately $372 million in cash to TPG​.Assurant Inc - ‍by end of 2019, assurant expects to generate $60 million of pre-tax operating synergies from deal.  Full Article

Assurant reports preliminary loss estimates for hurricanes Harvey and Irma
Monday, 11 Sep 2017 08:30am EDT 

Sept 11 (Reuters) - Assurant Inc ::Assurant shares preliminary loss estimates for hurricanes Harvey and Irma.Assurant - ‍expects Harvey's impact to result in $134 million - $140 million pre-tax of reportable catastrophe losses, net of reinsurance, and reinstatement premiums.Assurant- expects gross losses from hurricane irma will exceed retention of $125 million pre-tax but will remain within co's comprehensive reinsurance program​.Assurant Inc - Harvey's impact to catastrophe losses for global housing business unit will be reflected in its Q3 2017 financial results​.  Full Article

Assurant Q2 earnings per share $2.16
Tuesday, 1 Aug 2017 04:05pm EDT 

Aug 1 (Reuters) - Assurant Inc :Assurant reports second quarter 2017 financial results.Q2 operating earnings per share $1.63.Q2 earnings per share $2.16.Q2 earnings per share view $1.58 -- Thomson Reuters I/B/E/S.Assurant - qtrly net earned premiums, fees and other income from global housing, global lifestyle, global preneed segments was $1.43 billion versus. $1.52 billion.Qtrly combined ratio for risk-based businesses((a) )was 87.0 percent in q2 2017 compared to 87.3 percent in prior-year quarter.Qtrly total revenues $1.6 billion versus $1.8 billion.Assurant Inc - sees ‍full-year 2017 assurant net operating income, excluding reportable catastrophe losses, to be roughly level with 2016 results​.Assurant Inc - ‍sees full-year 2017 assurant operating earnings per diluted share, excluding catastrophe losses, to grow double-digits from 2016​.  Full Article

Assurant Q1 earnings per share $2.53
Tuesday, 2 May 2017 04:15pm EDT 

May 2 (Reuters) - Assurant Inc ::Assurant reports first quarter 2017 financial results.Q1 operating earnings per share $1.87.Q1 earnings per share $2.53.Q1 earnings per share view $1.52 -- Thomson Reuters I/B/E/S.Qtrly net investment income $ 120.6 million versus $135.7 million.Assurant -Q1 net earned premiums, fees and other income from global housing, global lifestyle and global preneed segments totaled $1.38 billion compared to $1.55 billion last year.Assurant Inc says combined ratio for risk-based businesses increased to 82.9 percent in Q1 2017 from 80.7 percent in prior-year quarter.Assurant Inc sees for FY 2017 assurant net operating income, excluding reportable catastrophe losses, to be roughly level with 2016 results.Operating earnings per diluted share for FY 2017 , excluding catastrophe losses, to grow double-digits from 2016.Assurant Inc - for 2017 assurant net operating income, excluding reportable catastrophe losses, to be roughly level with 2016 results.Assurant Inc -for 2017 assurant operating earnings per diluted share, excluding catastrophe losses, to grow double-digits from 2016.  Full Article

Assurant says teaming up with Snoopwall to protect enterprises from data breaches and cyberattacks
Monday, 6 Mar 2017 08:00am EST 

Assurant Inc : Assurant Inc - teaming up Snoopwall to protect small and medium enterprises from data breaches and cyberattacks .Assurant Inc - Assurant will handle claims as part of service.  Full Article

Air Lease Corp says new lease placement of new Boeing 787 Dreamliner
Thursday, 23 Feb 2017 06:31am EST 

Air Lease Corp : Air Lease Corporation announces lease placement of new Boeing 787 Dreamliner with Air New Zealand .Says aircraft is from ALC's order book with boeing and is scheduled for delivery in Q3 2018.  Full Article

Assurant reports Q4 operating earnings per share $0.46
Tuesday, 7 Feb 2017 04:15pm EST 

Assurant Inc : Assurant reports fourth quarter and full-year 2016 financial results . Q4 operating earnings per share $0.46 . Q4 earnings per share $0.54 . Q4 earnings per share view $0.29 -- Thomson Reuters I/B/E/S . Assurant Inc qtrly net investment income $135.4 million versus $157.4 million . Qtrly net earned premiums, fees, other income from global housing, global lifestyle,global preneed segments was $1.54 billion versus $1.60 billion . Assurant Inc - sees full year 2017 Assurant net operating income, excluding reportable catastrophe losses, to be roughly level with 2016 results .Assurant Inc - sees full year 2017 Assurant operating earnings per diluted share, excluding catastrophe losses, to grow double-digits from 2016.  Full Article

Assurant acquires Green Tree Insurance Agency
Wednesday, 4 Jan 2017 06:30am EST 

Assurant Inc : Assurant acquires Green Tree Insurance Agency, Inc. . Assurant Inc - acquisition will have minimal impact to Assurant's gaap earnings in 2017. . Assurant Inc - deal for $125 million . Deal with a potential earnout of up to $25 million . Assurant Inc - expects deal to generate roughly $25 million of incremental annualized net earned premium and fee income in 2017 . Assurant Inc - Green Tree Insurance Agency will be an indirect, wholly-owned subsidiary of assurant with offices in Rapid city, SD and St. Paul, MN .Assurant Inc - agreed to acquire Green Tree Insurance Agency, Inc from a wholly-owned subsidiary of Walter Investment Management Corp.  Full Article

BRIEF-ASSURANT BOARD OF DIRECTORS APPROVES 6% DIVIDEND INCREASE

* ‍RAISES QUARTERLY DIVIDEND BY $0.03 TO $0.56 PER COMMON SHARE​ Source text for Eikon: Further company coverage: