QUOTE AND NEWS
Insurance Journal  Jun 11  Comment 
Assurant Inc. has officially decided it will exit the health insurance market to focus instead on its housing and lifestyle specialty protection products. The firm has reached an agreement to sell its Assurant Health supplemental and small group...
newratings.com  Jun 10  Comment 
WASHINGTON (dpa-AFX) - National General Holdings Corp (NGHC) on Wednesday said it has reached an agreement in principle, subject to final documentation and regulatory approval, to acquire certain business lines and assets from Assurant Health,...
Forbes  May 28  Comment 
Investors eyeing a purchase of Assurant Inc (NYSE: AIZ) stock, but cautious about paying the going market price of $65.70/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put...
Market Intelligence Center  May 21  Comment 
MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Assurant Inc. (AIZ). Look at the Sep. '15 $65.00 covered call for a net debit in the $63.40 area. This trade has a duration of...
Benzinga  May 15  Comment 
Analysts at Janney Capital initiated coverage on Advaxis, Inc. (NASDAQ: ADXS) with a Buy rating. The target price for Advaxis is set to $26. Advaxis shares closed at $18.97 yesterday. Analysts at KeyBanc initiated coverage on Avery Dennison Corp...
Benzinga  May 15  Comment 
Analysts at Goldman Sachs initiated coverage on Assurant, Inc. (NYSE: AIZ) with a Buy rating. The target price for Assurant is set to $72. Assurant shares have dropped 2.42 percent over the past 52 weeks, while the S&P 500 index has surged...
newratings.com  May 5  Comment 
WASHINGTON (dpa-AFX) - Assurant Inc (AIZ), a provider of specialized insurance products, on Tuesday reported first-quarter net earnings of $50 million or $0.71 per share compared with $137.2 million or $1.86 per share last year. Excluding items,...
Market Intelligence Center  May 5  Comment 
After closing Monday at $62.47, Assurant Inc. (AIZ) presents an attractive opportunity to get a 3.15% return in just 227 days, which is an annualized return of 5.06% (for comparison purposes only). To enter this trade, sell one Dec. '15 $60.00...
Forbes  May 1  Comment 
Expectations have dropped for Assurant's first quarter results in the month leading up to the company's earnings announcement slated for Tuesday, May 5, 2015. The consensus analyst estimate has dropped from $1.53 a share to the current estimate of...




 

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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