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Last $62.90 USD
Change Today +0.43 / 0.69%
Volume 784.9K
AIZ On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 05/5/15 All times are local (Market data is delayed by at least 15 minutes).

assurant inc (AIZ) Snapshot

Open
$62.31
Previous Close
$62.47
Day High
$62.94
Day Low
$62.22
52 Week High
12/31/14 - $69.94
52 Week Low
04/27/15 - $59.73
Market Cap
4.3B
Average Volume 10 Days
701.7K
EPS TTM
$4.96
Shares Outstanding
68.9M
EX-Date
02/19/15
P/E TM
12.7x
Dividend
$1.08
Dividend Yield
1.72%
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 Health To Be Sold

Assurant Health, Inc. will either be sold or closed by Assurant Inc. (NYSE:AIZ). Assurant Inc. has retained Barclays Capital PLC to find a buyer for the health insurance business. If a buyer cannot be found, Assurant Inc. executives said the company will close Assurant Health by the end of 2016. Modern Healthcare said another insurer would be the likeliest buyer. "Health insurers have been eager to snatch up any available asset, but sellers have been few and far between," Modern Healthcare said.

Assurant Seeks To Sell Assurant Employee Benefits

Assurant Inc. (NYSE:AIZ) plans to sell Union Security Insurance Company, Inc. (Assurant Employee Benefits). Assurant intends to shift focus to niche housing and lifestyle insurance products. Assurant said that it plans to "substantially complete its exit from the health insurance market in 2016," even if it can't sell the two units. It will continue business as usual with the employee benefits unit if it isn't sold, a spokeswoman said.

Ocwen Financial and Assurant Announce Settlement in Class Action Lawsuit

Ocwen Financial and Assurant have reached an agreement to settle charges that the embattled mortgage servicer profited from kickbacks on force-placed insurance policies with struggling homeowners. The settlement, filed in federal court earlier this week, would provide $140 million in monetary relief to nearly 400,000 borrowers. It would also provide an additional $10 million for legal fees and expenses. The settlement covers homeowners who were charged for policies between January 1, 2008 and January 23, 2015. The settlement is pending final approval in the U.S. District Court for the Southern District of Florida. Under terms of the agreement, Ocwen would be prohibited from accepting commission for force-placed policies, or entering into quota-share arrangements with insurers. The settlement would also prohibit Assurant from accepting payments from Ocwen for below-cost or free outsourced services.

 

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AIZ Competitors

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Industry Analysis

AIZ

Industry Average

Valuation AIZ Industry Range
Price/Earnings 9.7x
Price/Sales 0.4x
Price/Book 0.8x
Price/Cash Flow 9.1x
TEV/Sales 0.1x
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