OverviewSuggest Edit

Assurant is a provider of risk management products and services. It offers insurance products in the property, casualty, extended device protection, and preneed insurance sectors. The company operates through three segments: Global Lifestyle, Global Housing, and Global Preneed.
TypePublic
Founded1892
HQNew York, NY, US
Websiteassurant.com
Employee Ratings3.5
Overall CultureA-

Latest Updates

Employees (est.) (Dec 2019)13,600(-1%)
Revenue (FY, 2019)$10.1 B(+26%)
Share Price (Jan 2021)$141.2 (+3%)
Cybersecurity ratingAMore

Key People/Management at Assurant

Alan B. Colberg

Alan B. Colberg

President and Chief Executive Officer, Director
Gene E. Mergelmeyer

Gene E. Mergelmeyer

Executive Vice President, Chief Operating Officer
Keith W. Demmings

Keith W. Demmings

President, Global Lifestyle
Richard Dziadzio

Richard Dziadzio

Executive Vice President, Chief Financial Officer
Bob Lonergan

Bob Lonergan

Executive Vice President, Chief Strategy and Risk Officer
Francesca Luthi

Francesca Luthi

Executive Vice President, Chief Administrative Officer
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Assurant Office Locations

Assurant has offices in New York, Addison, Albany, Atlanta and in 49 other locations
New York, NY, US (HQ)
28 Liberty St
Addison, TX, US
4550 Excel Pkwy #400
Albany, OR, US
1880 14th Ave SE
Atlanta, GA, US
260 Interstate N Cir SE
Bothell, WA, US
21222 30th Dr SE #120
Chicago, IL, US
175 W Jackson Blvd 8th floor
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Assurant Financials and Metrics

Assurant Revenue

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Assurant's revenue was reported to be $10.09 b in FY, 2019 which is a 25.2% increase from the previous period.
USD

Revenue (Q3, 2020)

2.5b

Gross profit (Q3, 2020)

1.8b

Gross profit margin (Q3, 2020), %

71.6%

Net income (Q3, 2020)

(30.5m)

Market capitalization (12-Jan-2021)

8.3b

Closing stock price (12-Jan-2021)

141.2
Assurant's current market capitalization is $8.3 b.
Annual
USDFY, 2017FY, 2018FY, 2019

Revenue

6.4b8.1b10.1b

Revenue growth, %

(15%)26%25%

Cost of goods sold

1.9b2.3b2.7b

Gross profit

4.5b5.7b7.4b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

1.6b1.8b2.3b2.4b2.5b2.5b2.6b2.5b2.5b

Cost of goods sold

414.6m490.6m680.9m614.7m687.0m705.2m607.2m592.1m709.6m

Gross profit

1.2b1.3b1.6b1.8b1.9b1.8b2.0b1.9b1.8b

Gross profit Margin, %

75%73%70%75%73%72%76%76%72%
Annual
USDFY, 2017FY, 2018FY, 2019

Cash

996.8m1.3b1.9b

Accounts Receivable

1.1b1.6b1.6b

PP&E

347.6m392.5m433.7m

Goodwill

917.7m2.3b2.3b
Annual
USDFY, 2017FY, 2018FY, 2019

Net Income

519.6m251.0m382.6m

Depreciation and Amortization

115.7m126.9m125.8m

Inventories

7.4m

Cash From Operating Activities

530.4m656.7m1.4b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

165.7m309.8m255.0m154.7m332.8m302.6m

Depreciation and Amortization

29.7m60.1m87.4m33.5m65.0m105.1m

Accounts Payable

168.2m

Cash From Operating Activities

(75.7m)172.3m454.6m246.7m725.7m1.2b(123.7m)292.2m901.6m
USDFY, 2017

EV/CFO

10.4 x

Revenue/Employee

435.7k

Debt/Equity

0.2 x

Financial Leverage

7.4 x

P/E Ratio

10.7
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Assurant Operating Metrics

FY, 2017FY, 2018FY, 2019

Products and Services

9 9 9

Products and Services (Global Lifestyle)

3 3 3

Products and Services (Global Housing)

4 4 4

Products and Services (Global Preneed)

2 2 2
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Assurant Acquisitions / Subsidiaries

Company NameDateDeal Size
HYLA MobileDecember 03, 2020
FixtAugust 18, 2020
CPR Cell Phone RepairNovember 04, 2019
The Warranty GroupOctober 18, 2017$2.50 b
Green Tree Insurance AgencyJanuary 04, 2017$125 m
American Title, Inc.July 06, 2016
CWI GroupOctober 28, 2014$71 m
eMortgage LogicSeptember 04, 2014$17 m
StreetLinks LLCApril 16, 2014$60 m
Protective Life's Dental Benefits DivisionDecember 31, 2013$300 m
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Assurant Revenue Breakdown

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Assurant revenue breakdown by business segment: 73.7% from Global Lifestyle, 21.4% from Global Housing and 4.9% from Other

Assurant Cybersecurity Score

Cybersecurity ratingPremium dataset

A

96/100

SecurityScorecard logo

Assurant Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Assurant Online and Social Media Presence

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Assurant Company Culture

  • Overall Culture

    A-

    74/100

  • CEO Rating

    B

    70/100

  • Compensation

    B

    72/100

  • Diversity

    B+

    73/100

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Assurant News and Updates

Assurant – Consensus Indicates Potential 21.2% Upside

Assurant with ticker code (AIZ) have now 4 analysts covering the stock. The analyst consensus points to a rating of ‘Buy’. The range between the high target price and low target price is between 156 and 143 with a mean TP of 149.25. Now with the previous closing price of 123.12 this indicates there …

50 more modules added to Assurant Virtual Learning Platform

The firm recently expanded its content library by adding 50 new “soft skill” modules to the Assurant Virtual Learning Platform, an on-demand eLearning system.

Assurant to Announce Third Quarter 2020 Financial Results

Assurant, Inc. (NYSE: AIZ), a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases, will release third quarter 2020 financial results on Monday, November 2, 2020, after the market closes. The news release will be available on Assurant'…

Assurant launches business concierge package with IWG to support SMEs

Assurant, a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases, has launched a new Business Concierge support package to help SMEs manage their back-office operations with 24/7 legal, accountancy, and technical assistance.

Assurant e ConsigaMais+ fecham parceria no mercado de crédito consignado privado

Aliança com fintech de consignados é a grande aposta no segmento de proteção financeira A Assurant, líder global em produtos e serviços de proteção ligados a vida conectada, fechou uma parceria com a ConsigaMais+, fintech de crédito consignado privado e 3ª colocada na lista das Top 10 startups em…

Assurant Global Automotive Launches Enhanced Version of Virtual Learning Platform, Making it Most Robust in Industry

Assurant, Inc. (NYSE: AIZ), a global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases like automobiles has continued to expand its content library by adding 50 new “soft skill” modules to the Assurant Virtual Learning Platform – an on-demand eLea…
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Assurant Frequently Asked Questions

  • When was Assurant founded?

    Assurant was founded in 1892.

  • Who are Assurant key executives?

    Assurant's key executives are Alan B. Colberg, Gene E. Mergelmeyer and Keith W. Demmings.

  • How many employees does Assurant have?

    Assurant has 13,600 employees.

  • What is Assurant revenue?

    Latest Assurant annual revenue is $10.1 b.

  • What is Assurant revenue per employee?

    Latest Assurant revenue per employee is $741.7 k.

  • Who are Assurant competitors?

    Competitors of Assurant include Kemper, Protective Life Insurance Company and MetLife.

  • Where is Assurant headquarters?

    Assurant headquarters is located at 28 Liberty St, New York.

  • Where are Assurant offices?

    Assurant has offices in New York, Addison, Albany, Atlanta and in 49 other locations.

  • How many offices does Assurant have?

    Assurant has 57 offices.