QUOTE AND NEWS
Forbes  Nov 21  Comment 
Looking at the universe of stocks we cover at Dividend Channel, on 11/23/16, Assurant Inc (NYSE: AIZ), NVIDIA Corp (NASD: NVDA), and CenturyLink, Inc. (NYSE: CTL) will all trade ex-dividend for their respective upcoming dividends. Assurant Inc...
newratings.com  Oct 25  Comment 
WASHINGTON (dpa-AFX) - Assurant Inc (AIZ) announced a profit for third quarter that declined from last year. The company said its earnings declined to $60.7 million, or $1.00 per share. This was down from $104.3 million, or $1.53 per share, in...
SeekingAlpha  Oct 25  Comment 
Forbes  Oct 19  Comment 
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a...
Insurance Journal  Oct 14  Comment 
Niche property/casualty insurer Assurant Inc., diversified multi-line writer The Chubb Corp. and specialty commercial lines insurer American Financial Group Inc. are ranked the top three performers over the most recent five-year period in a Fitch...
Benzinga  Oct 7  Comment 
Credit Suisse’s John Nade believes that despite Assurant, Inc. (NYSE: AIZ) being a “true niche” insurer and the company having a robust capital position, there is limited upside to the stock, following the recent share price...
Insurance Journal  Oct 6  Comment 
Assurant, Inc., global provider of risk management options, has partnered with website security company GamaSec to help small and medium businesses lower the risk of attacks on their websites. Assurant is providing support for the limited warranty...




 

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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