QUOTE AND NEWS
Market Intelligence Center  Aug 25  Comment 
The patented algorithms that power MarketIntelligenceCenter.com's Artificial Intelligence Center found a trading opportunity with Assurant Inc. (AIZ) that should provide a 4.03% return in just 115 days. Sell one Dec. '15 call at the $70.00 level...
newratings.com  Aug 25  Comment 
OTTAWA (dpa-AFX) - Sun Life Financial Inc. (SLF, SLF.TO) is in talks to buy Assurant Inc.'s (AIZ) employee-benefits unit, Bloomberg reported citing people familiar with the matter. A deal valuing the unit at as much as $900 million could be...
Reuters  Aug 24  Comment 
Canadian insurer Sun Life Financial Inc is in talks to buy New York-based insurer Assurant Inc's employee-benefits unit for about $900 million, Bloomberg reported, citing people...
The Times of India  Aug 13  Comment 
OneAssist Consumer Solutions, a startup which offers protection to customers if their mobile phones and cards are stolen or damaged, said it raised $7.5 million in Series B funding from US-based insurer Assurant and existing investors, which...
Market Intelligence Center  Aug 12  Comment 
MarketIntelligenceCenter.com's patented trade-picking algorithms have identified an attractive covered-call trade on Assurant Inc. (AIZ). Look at the Dec. '15 $77.50 covered call for a net debit in the $75.33 area. This trade has a duration of...
newratings.com  Jul 28  Comment 
WASHINGTON (dpa-AFX) - Specialized insurance provider Assurant Inc (AIZ) on Tuesday reported second-quarter net earnings of $32.8 million or $0.47 per share compared with $143.6 million or $1.95 per share last year. Net operating earnings for the...
Benzinga  Jul 15  Comment 
Receptos Inc (NASDAQ: RCPT) shares reached a new 52-week high of $228.84 after Celgene Corporation (NASDAQ: CELG) announced its plans to acquire Receptos for $7.2 billion. Commerce Bancshares, Inc. (NASDAQ: CBSH) shares touched a new 52-week...
Market Intelligence Center  Jul 6  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 2.10% return, or 10.37% annualized (for comparison...
Market Intelligence Center  Jun 26  Comment 
A covered call identified by MarketIntelligececenter.com's patented algorithm on Assurant Inc. (AIZ) could yield about 2.23% (14.51% annualized, for comparison purposes only) in 56 days. Pair a long position in the stock with the Aug. '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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