assurant inc (AIZ) Key Developments
Assurant, Inc. Announces Senior Management and Organizational Changes
Sep 24 15
Assurant Inc. announced senior management and organizational changes to support the Company's commitment to outperformance and to drive sustainable, profitable growth across the enterprise. Christopher J. Pagano, Assurants executive vice president, chief financial officer and treasurer, is to be named chief risk officer. Assurant has begun an external search for a chief financial officer and treasurer to succeed Mr. Pagano, who will remain in his current role until a successor is in place. Peter Walker, executive vice president, strategy and business development at the Assurant Specialty Property business segment, is named executive vice president, chief strategy officer and joins Assurant's Management Committee. In this new role, Walker will lead the enterprise strategy development process. He also will assess investments in adjacent business lines, early stage investing opportunities and strategic partnerships to complement Assurant's market-leading offerings. Francesca Luthi, senior vice president, investor relations, marketing and communication, is named executive vice president, chief communication and marketing officer and joins Assurant's Management Committee. In her expanded role, Luthi will be responsible at the enterprise level for Assurant's global brand management, executive and employee communication, and media and community relations. She also will continue to lead investor relations and rating agency relations. A search is underway to fill the newly created enterprise role of chief technology officer to accelerate the Company's digital transformation, increase efficiencies, leverage data and analytics and enhance the services Assurant provides to clients and consumers worldwide. Human Resources. Under the continuing leadership of Robyn Price Stonehill, executive vice president, chief human resources officer, Assurant will implement an enterprise human resources model to deploy talent, leverage resources and enhance services and support for employees worldwide. Price Stonehill is a member of Assurant's Management Committee. The respective integrations of the strategy and business development, communication and marketing and human resources departments are to be completed by Jan. 1, 2016.
Assurant Inc. Declares Dividend for the Fourth-Quarter 2015, Payable on December 14, 2015
Sep 10 15
Assurant Inc.'s board declared a fourth-quarter 2015 dividend of $0.50 per share of common stock. The dividend represents a 67% increase above the prior quarter's dividend and will be payable on December 14, 2015 to stockholders of record as of the close of business on November 30, 2015.
Assurant Inc., Sun Life Financial Inc. - M&A Call
Sep 9 15
To discuss Sun Life Financial Inc. announcement on agreement with Assurant, Inc. to acquire Assurant's Employee Benefits business for a net investment of USD 975 million
Assurant Inc. Presents at 2015 KBW Insurance Conference, Sep-09-2015
Aug 12 15
Assurant Inc. Presents at 2015 KBW Insurance Conference, Sep-09-2015 . Venue: Crowne Plaza Times Square Hotel, 1605 Broad (at 49th Street), New York, New York, United States. Speakers: Alan B. Colberg, Chief Executive Officer, President and Director, Christopher J. Pagano, Chief Financial Officer, Executive Vice President, Treasurer and President of Assurant Asset Management, Francesca Luthi, Senior Vice President of Investor Relations, Jisoo Suh, Manager of Investor Relations, Suzanne Shepherd, Director of Investor Relations.
Assurant Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015
Jul 28 15
Assurant Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net income of USD 32,789,000 or USD 0.47 per diluted share on total revenues of USD 2,644,894,000 compared to net income of USD 143,610,000 or USD 1.95 per diluted share on total revenues of USD 2,608,101,000 reported a year ago. Income before income taxes was USD 40,025,000 compared to USD 193,787,000 reported a year ago. Net operating income was USD 143.6 million compared to USD 121.4 million reported a year ago. Net operating income was increased, primarily reflecting fewer weather-related claims at Assurant Specialty Property. The decrease in net income was primarily reflects USD 106.7 million of charges associated with the wind down of the Assurant Health business including premium deficiency reserves.
For the six months, the company reported net income of USD 82,833,000 or USD 1.18 per diluted share on total revenues of USD 5,243,504,000 compared to net income of USD 280,855,000 or USD 3.81 per diluted share on total revenues of USD 5,056,473,000 reported a year ago. Income before income taxes was USD 123,218,000 compared to USD 429,040,000 reported a year ago. Annualized GAAP return on average equity was 11.0%. Net operating income was USD 272.3 million compared to USD 252.9 million reported a year ago. Book value per diluted share, excluding AOCI, decreased to USD 58.21 at June 30, 2015, compared to USD 58.61 at December 31, 2014. Annualized operating return on average equity (ROE), excluding AOCI, was 13.3% year-to-date compared to 12.1% for full year 2014. Annual GAAP return on average equity was 3.3% against 9.4% a year ago. Book value per diluted share was USD 70.36 as on June 30, 2015 against USD 72.61 as on June 30, 2014.