QUOTE AND NEWS
Market Intelligence Center  Jan 28  Comment 
After Tuesday’s trading in Assurant Inc. (AIZ) the option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center uncovered a trade that offers a 2.65% return, or 18.99% annualized (for comparison...
Market Intelligence Center  Jan 22  Comment 
Option-trade picking algorithms patented by MarketIntelligenceCenter.com found a trading opportunity with Assurant Inc. (AIZ) that should provide a 2.86% return in just 148 days. Sell one Jun. '15 call at the $62.50 level for each 100 shares of...
Forbes  Jan 9  Comment 
The ADT Corporation (ADT) has authorized an increase of 5 percent in the Company's quarterly dividend to $0.21 per share, up from $0.20 per share. The dividend will be paid on February 18, 2015 to stockholders of record as of the close of business...
Market Intelligence Center  Jan 9  Comment 
After Thursday’s trading in Assurant Inc. (AIZ) the option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center uncovered a trade that offers a 2.01% return, or 10.47% annualized (for comparison...
Insurance Journal  Jan 5  Comment 
Dublin-based Global Indemnity plc’s U.S. affiliate said it has completed its previously-announced purchase of American Reliable Insurance Co. from Assurant Inc. In a transaction valued at approximately $394,000,000, Global Indemnity’s U.S....
Market Intelligence Center  Dec 22  Comment 
The patented option-trade picking algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center have selected a covered-call trade on Assurant Inc. (AIZ) that includes 4.15% downside protection. Sell one contract of the Mar....
Benzinga  Dec 17  Comment 
Speaking on CNBC, Mark Hake of Hake Capital Management said that he likes stocks that have free cash flow, low P/E and preferably selling below book value. Hake named Assurant, Inc. (NYSE: AIZ), Del Frisco's Restaurant Group Inc (NASDAQ: DFRG)...
Market Intelligence Center  Nov 18  Comment 
After closing Monday at $67.94, Assurant Inc. (AIZ) presents an attractive opportunity to get a 3.31% return in just 122 days, which is an annualized return of 9.89% (for comparison purposes only). To enter this trade, sell one Mar. '15 $67.50...




 

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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