Assurant, Inc. is a provider of specialty insurance products in the U.S. and select worldwide markets. It operates its business through two business segments: Assurant Solutions and Assurant Specialty Property. Assurant Solutions develops, underwrites, and markets specialty insurance, extended service contracts and other risk management solutions in collaborative relationships with financial institutions, retailers, automobile dealers, utilities, funeral homes and other entities. Principal lines of business include debt protection administration, credit insurance, preneed life insurance, and warranties and extended service contracts on appliances, consumer electronics, automobiles, recreational vehicles and boats.
Assurant Specialty Property develops, underwrites, markets and administers specialty property and personal lines of insurance and also offers lender-placed hazard insurance and outsourcing services to mortgage companies, manufactured home builders and dealers, auto finance companies, property management companies, and managing general agents. In addition, it also offers collateral protection programs for automobiles, manufactured housing insurance, residents insurance, homeowners, watercraft, motorcycle, motor home, federal flood, and farmowners.
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Type
Public
HQ
New York, US
Founded
1892
Size (employees)
14,750 (est)
Assurant was founded in 1892 and is headquartered in New York, US
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Key People/Management at Assurant

Alan B. Colberg

Alan B. Colberg

President and Chief Executive Officer

Assurant Office Locations

Assurant has offices in New York, Oklahoma City, Jacksonville, Columbus and in 19 other locations
New York, US (HQ)
28 Liberty St
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Assurant Financials and Metrics

Assurant Revenue

Assurant's revenue was reported to be $6.42 b in FY, 2017
USD

Net income (Q2, 2018)

173 m

Market capitalization (16-Aug-2018)

6.7 b

Closing stock price (16-Aug-2018)

106.1

Cash (31-Mar-2018)

2.3 b
Assurant's current market capitalization is $6.7 b.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

9 b10.4 b10.3 b7.5 b6.4 b

Revenue growth, %

15%(1%)(27%)

Interest expense

77.7 m58.4 m55.1 m57.6 m

Pre tax profit

789.7 m744.1 m201.2 m848.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Revenue

2.3 b2.4 b2.6 b2.7 b2.6 b2.6 b2.5 b2.1 b1.8 b1.8 b1.6 b1.6 b

Interest expense

20.8 m17.1 m13.8 m13.8 m13.8 m13.8 m13.8 m14.5 m15.2 m14 m12.6 m12.4 m

Pre tax profit

194 m235.3 m193.8 m224.8 m83.2 m40 m337.5 m235.5 m215.1 m178.7 m

Income tax expense

65.2 m98 m50.2 m84.5 m33.1 m7.2 m(25.2 m)117.2 m66.2 m76.5 m71.3 m58.5 m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

1.7 b1.3 b1.3 b1 b

Accounts Receivable

15.3 m

Inventories

11.5 b

Goodwill

784.6 m15.1 m833.5 m831 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

1.3 b1.1 b1.4 b1.3 b1.5 b2.1 b1.2 b1.1 b874.5 m848.2 m2.3 b

Inventories

14.9 b14.6 b14.7 b13.7 b13.5 b11.4 b12 b12 b11.5 b11.6 b

Goodwill

672.2 m785.5 m804.9 m842.2 m841.2 m839.8 m834.2 m839.7 m894.5 m905.5 m

Total Assets

29.3 b29.7 b30.6 b30.8 b30.6 b30.3 b29.8 b30.3 b29.6 b30.1 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016

Net Income

488.9 m470.9 m141.6 m565.4 m

Depreciation and Amortization

125.1 m

Cash From Operating Activities

1 b393.8 m254.6 m134.5 m

Cash From Investing Activities

(392.7 m)63.9 m264.3 m725.6 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018Q2, 2018

Net Income

143.6 m140.3 m50 m32.8 m(7 m)220.3 m169.3 m144.4 m143.8 m

Cash From Operating Activities

724 m127.2 m261.8 m514.7 m(177.7 m)168.9 m529.5 m(339 m)(301.7 m)(43.1 m)24.2 m(300 k)

Cash From Investing Activities

(641.6 m)(191.1 m)34.6 m(143.5 m)54 m55.8 m70.4 m1.1 b745.6 m631.3 m(58.8 m)3.7 m

Long-term Borrowings

(467.3 m)(467.3 m)(467.3 m)(250 m)(250 m)(350 m)(350 m)
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Assurant Operating Metrics

Q1, 2016Q2, 2016Q3, 2016FY, 2016Q1, 2017Q2, 2017

Pre-funded Funeral Policies

1.90 m

Protected Autos

11.60 m12 m12.30 m12.60 m12.80 m14.30 m

Renters Policies

1.35 m1.39 m1.47 m1.50 m1.57 m1.63 m

Total Loans, units

33.40 m33.20 m35.90 m36 m35.70 m35.60 m
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Assurant Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
The Warranty Group October 18, 2017$2.50 b
Green Tree Insurance Agency January 04, 2017$125 m
American Title, Inc. July 06, 2016
CWI Group October 28, 2014$71 m
eMortgage Logic September 04, 2014$17 m
StreetLinks LLC April 16, 2014$60 m
Protective Life's Dental Benefits Division December 31, 2013$300 m
Lifestyle Services Group October 25, 2013£107 m
Field Asset Services, Inc. October 01, 2013
SureDeposit June 22, 2011
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Assurant Revenue Breakdown

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Assurant revenue breakdown by business segment: 52.1% from Global Lifestyle, 32.2% from Global Housing, 9.8% from Corporate & Other and 5.9% from Global Preneed

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Assurant Online and Social Media Presence

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Assurant News and Updates

Mobile Phone Insurance Ecosystem Market 2018 Global Key Players – Allianz Insurance, Assurant, Asurion, Aviva - Analysis and Forecast to 2023

Wiseguyreports.Com Publish New Market Research Report On -“Mobile Phone Insurance Ecosystem Market - Global Industry Analysis, Size, Share, Trends, Growth and Forecast 2018 - 2023” Posted via Industry Today. Follow us on Twitter @IndustryToday

Elari, la marque internationale de haute technologie, lance un routeur SmartWiFi 4G sur la compagnie aérienne Aeroflot

HONG KONG et RIGA, Lettonie, June 18, 2018 /PRNewswire/ -- Le routeur portable SmartWifi 4G d'Elari est disponible à la vente sur les vols internationaux d'Aeroflot depuis le 1er juin 2018. Un grand nombre de visiteurs s'apprêtant à débarquer en Russie pour la Coupe du monde de...

Assurant to acquire TPG-backed The Warranty Group

Assurant Inc has agreed to acquire The Warranty Group, which is backed by TPG Capital. The deal is valued at about $2.5 billion and is expected to close in the first half of 2018. Morgan Stanley is serving as financial adviser to Assurant on the transaction while UBS Investment Bank is doing likewis…

Monday Morning Cup of Coffee: New Mexico warns of scammers pretending to be Nationstar

Borrowers and lenders, here is your warning! Reports of mortgage scams and financial hackers keep making it to HousingWire’s headlines. The latest attack involves well-known mortgage company Nationstar. In other news, Wells Fargo is in the headlines again. This time the mega bank is being accused of…

Where the Largest P&C Insurers Rank By Startup Investments

Check out even more content at Future of Fintech 2017. Use code “bigidea” to get $2000 off your ticket. In a recent article, XL Innovate’s Martha Notaras said that a combination of large cash positions and pressure from by “changing … Continued
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Assurant Company Life and Culture

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