QUOTE AND NEWS
Forbes  Sep 26  Comment 
Investors in Assurant Inc (NYSE: AIZ) saw new options become available this week, for the November 22nd expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the AIZ options chain for the new November 22nd contracts...
Forbes  Sep 24  Comment 
Investors considering a purchase of Assurant Inc (NYSE: AIZ) shares, but cautious about paying the going market price of $65.11/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting...
Market Intelligence Center  Sep 19  Comment 
For a hedged play on Assurant Inc. (AIZ), MarketIntelligenceCenter.com’s option-trade picking algorithms recommend the Dec. '14 $65.00 covered call for a net debit in the $63.37 area. That is also the break-even stock price for the covered call....
Insurance Journal  Sep 17  Comment 
Specialty insurance provider Assurant Inc. has named Alan B. Colberg, as president, effective immediately, and as chief executive officer and director of the company’s board, effective Jan. 1, 2015. He succeeds Robert B. Pollock who announced...
newratings.com  Sep 16  Comment 
WASHINGTON (dpa-AFX) - Assurant Inc. (AIZ) announced the appointment of Alan Colberg, as president, effective immediately, and as chief executive officer and director of the company's board, effective Jan. 1, 2015. He succeeds...
Market Intelligence Center  Sep 2  Comment 
Option-trade picking algorithms patented by MarketIntelligenceCenter.com found a trading opportunity with Assurant Inc. (AIZ) that should provide a 2.93% return in just 199 days. Sell one Mar. '15 call at the $65.00 level for each 100 shares of...
Market Intelligence Center  Aug 26  Comment 
After Monday’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 3.03% return, or 9.53% annualized (for comparison purposes...
Cloud Computing  Aug 14  Comment 
ORLANDO, Fla. , Aug. 14, 2014 /PRNewswire/ -- PlanSource, a cloud-based provider of benefits administration, exchange, payroll, and HRIS solutions to employers, today announced the inclusion of ancillary and voluntary products offered by...
SeekingAlpha  Jul 24  Comment 
Assurant (NYSE:AIZ) Q2 2014 Earnings Call July 24, 2014 8:00 am ET Executives Francesca Luthi - Senior Vice President of Investor Relations Robert B. Pollock - Chief Executive Officer, President and Executive Director Michael John...




 

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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