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Last $66.61 USD
Change Today -1.76 / -2.57%
Volume 531.1K
AIZ On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 06/29/15 All times are local (Market data is delayed by at least 15 minutes).

assurant inc (AIZ) Snapshot

Open
$67.74
Previous Close
$68.37
Day High
$68.07
Day Low
$66.52
52 Week High
12/31/14 - $69.94
52 Week Low
04/27/15 - $59.73
Market Cap
4.5B
Average Volume 10 Days
717.7K
EPS TTM
$4.98
Shares Outstanding
67.9M
EX-Date
05/21/15
P/E TM
13.4x
Dividend
$1.20
Dividend Yield
1.67%
Current Stock Chart for ASSURANT INC (AIZ)

assurant inc (AIZ) Related Businessweek News

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assurant inc (AIZ) Details

Assurant, Inc., through its subsidiaries, provides specialized insurance products and related services in North America, Latin America, Europe, and internationally. The company operates through Assurant Solutions, Assurant Specialty Property, Assurant Health, and Assurant Employee Benefits segments. The Assurant Solutions segment provides domestic and international extended service contracts and warranties coverage on mobile devices, personal computers, consumer electronics, appliances, automobiles, and recreational vehicles; preneed life insurance to address funeral costs at death; and international credit insurance that offers protection from life events and uncertainties that arise in purchasing and borrowing transactions. The Assurant Specialty Property segment offers lender-placed and voluntary homeowners insurance, and lender-placed and voluntary manufactured housing insurance; lender-placed flood insurance, multi-family housing insurance, and mortgage property risk management services; and property preservation, and restoration and inspection services. The Assurant Health segment provides major medical insurance, short-term medical insurance, and supplemental coverage options to individuals and families; and medical insurance to small employer groups. The Assurant Employee Benefits segment offers group disability, dental, life, vision, and supplemental products, as well as individual dental products. This segment also reinsures disability and life products. The company distributes its insurance products and services through various distribution channels, including independent employee benefits specialists, brokers, managing general agents, life agents, financial institutions, mortgage lenders and servicers, retailers, funeral homes, association groups, and other third-party marketing organizations. Assurant, Inc. was founded in 1969 and is headquartered in New York, New York.

17,600 Employees
Last Reported Date: 02/19/15
Founded in 1969

assurant inc (AIZ) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $598.8K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $596.3K
Chief Administrative Officer, Executive Vice ...
Total Annual Compensation: $596.3K
Executive Vice President, Chief Executive Off...
Total Annual Compensation: $565.0K
Compensation as of Fiscal Year 2014.

assurant inc (AIZ) Key Developments

Assurant Concludes Review Of Strategic Alternatives

Assurant Inc. (NYSE:AIZ) has concluded a comprehensive review of strategic alternatives for its health business and will exit the health insurance market as the Company sharpens its focus on housing and lifestyle specialty protection offerings. To maximize shareholder value, Assurant will immediately begin to wind down its major medical operations and has reached an agreement in principle to sell certain business lines and assets to National General Holdings Corp., subject to final documentation and regulatory approval. Assurant expects to substantially complete its exit of the health insurance market by the end of 2016. "Our decision to exit the health insurance market enables us to sharpen our focus on the housing and lifestyle markets, where we see the greatest opportunity for profitable growth. After a thorough review of alternatives for our health business, we believe the actions announced today allow us to uphold our commitments to policyholders while freeing up resources in 2016 to support our capital management strategy", Alan B. Colberg, Chief Executive Officer and President of Assurant, said. "We remain strongly committed to ensuring a smooth and orderly transition for our customers, agents and employees."

Assurant Declares Quarterly Dividend Payable on June 9, 2015

Assurant Inc. announced that its Board of Directors declared a quarterly dividend of $0.30 per share of common stock. This represents an 11% increase above the prior quarterly dividend of $0.27 per share, declared on Jan. 9, 2015. The dividend will be payable on June 9, 2015 to stockholders of record as of the close of business on May 26, 2015.

Assurant, Inc. Reports Consolidated Unaudited Earnings Results for First Quarter Ended March 31, 2015

Assurant Inc. reported consolidated unaudited earnings results for first quarter ended March 31, 2015. For the quarter, the company reported total net revenues of $2,598,610,000 compared with $2,448,372,000 for the same period last year. Income before provision for income taxes was $83,193,000 compared with income before income taxes of $235,253,000 for the same period last year. Net income was $50,044,000 or $0.71 diluted per share compared with net income of $137,245,000 or $1.86 diluted per share for the same period last year. Net operating income was $44.8 million compared with $124.4 million for the same period last year. The company said the higher operating loss resulted primarily from higher-than-expected losses on Affordable Care Act (ACA) policies at Assurant Health.

 

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Industry Analysis

AIZ

Industry Average

Valuation AIZ Industry Range
Price/Earnings 12.9x
Price/Sales 0.5x
Price/Book 0.9x
Price/Cash Flow 12.1x
TEV/Sales 0.2x
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