QUOTE AND NEWS
DailyFinance  Apr 9  Comment 
Los consumidores en Latinoamérica están a punto de recibir una gama más amplia de ofertas de seguros especializados y servicios relacionados con la asistencia gracias a un nuevo contrato entre Iké Asistencia (Iké) y ...
DailyFinance  Feb 25  Comment 
Assurant, Inc. (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, will host an Investor Day in New York City on Tuesday, March 11, 2014, beginning at 9 a.m. ET. The event...
SeekingAlpha  Feb 16  Comment 
By Ashleigh Rogers: Executive Summary · Specialty insurer Assurant faces regulatory headwinds in their property insurance segment and a rapidly changing market in the health insurance segment. · The company recently reported strong...
SeekingAlpha  Feb 6  Comment 
Assurant, Inc. (AIZ) Q4 2013 Results Earnings Call February 06, 2014, 08:00 AM ET Executives Francesca Luthi - Senior Vice President of Investor Relations Robert B. Pollock - President and Chief Executive Officer Michael J....
StreetInsider.com  Feb 5  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Assurant%2C+Inc.+%28AIZ%29+Tops+Q4+EPS+by+1c/9130324.html for the full story.
DailyFinance  Jan 10  Comment 
Assurant, Inc. (NYSE:AIZ), a premier provider of specialty insurance and insurance-related products and services, announces that its Board of Directors declared a quarterly dividend of $.25 per share of common stock....
DailyFinance  Jan 7  Comment 
Assurant, Inc. (NYSE:AIZ), a premier provider of specialty insurance and insurance-related products and services, will release 2013 fourth quarter and full-year results on Wednesday, Feb. 5, 2014, after the market closes, with...
Insurance Journal  Dec 31  Comment 
Assurant Solutions conducted workforce reductions in the U.S. during the fourth quarter as part of its continued efforts to streamline operations, primarily in its domestic credit insurance and extended protection businesses, according to a recent...
Market Intelligence Center  Dec 31  Comment 
MarketIntelligenceCenter.com's option-trade picking algorithms have identified an attractive covered-call trade on Assurant Inc. (AIZ). Look at the Mar. '14 $65.00 covered call for a net debit in the $63.38 area. This trade has a duration of 81...
Market Intelligence Center  Dec 26  Comment 
Assurant Inc. (AIZ) presents a trading opportunity that offers a 4.59% return in just 177 days. A covered call on Assurant at the $65.00 level expiring on Jun. '14 offers an assigned return rate of 4.59% or 9.46% annualized. This trade offers...




 

Headquartered in New York's financial district, Assurant, Inc. is a premier provider of specialized insurance products in North America and selected other markets. The company operates through main business segments: Assurant Solutions (35.0% of 2006 revenue), Assurant Specialty Property (17.8%), Assurant Health (26.1%), and Assurant Employee Benefits (15.0%) Assurant's business units provide creditor-placed homeowners' insurance, manufactured housing homeowners' insurance, debt protection administration, credit insurance, warranties and extended service contracts, individual health and small employer group health insurance, group dental insurance, group disability insurance, group life insurance, and pre-funded funeral insurance. Assurant's strategy is to manage a select portfolio of specialty businesses that are leaders in their markets. The company completed its IPO on February 5, 2004, offering 80,000,000 shares of its common stock at $22.00 per share. Effective in 2Q06, the company has separated its Assurant Solutions into two businesses Assurant Specialty Property and Assurant Solutions. Concurrently, the Company has realigned the Preneed segment under the new Assurant Solutions segment, as the franchise was sold in 2005 and premiums continue to decline.

Image:AIZ_Revenue.png Image:AIZ_Net_Earned_Premiums.png

Trends and Forces

  • Market conditions and interest rates affect the value of Assurant’s investment portfolio. Like many insurance companies, Assurant invests a portion of the premiums that it collects. Market volatility may increase the amount of unrealized gains or losses, making returns on investment hard to predict. Since its securities are traded on the market, a decline in the security’s value will be reflected on its balance sheet. Exposure to troubled markets may also hurt its investment performance: For the year ending 2007, 7% of its portfolio was composed of mortgage-backed securities. Uncertain returns on investment also make it difficult to set premium rates, resulting in a loss of business to competitors, or a decrease in earnings.
  • Pandemics, natural disasters, and other large-scale disasters could affect Assurant’s profitability. Such events could result in an increase in claims for its homeowner’s and life insurance businesses, which account for 87% of its earned premiums. Depending on how severe the disaster is, Assurant may also be unable to resume operations in such locations. For the year ending 2007, 39% of its policyholders lived in either California, Texas, or Florida, all three of which are prone to natural disasters.

References

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