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.
Company Growth (employees)
Type
Public
HQ
New York, US
Founded
1892
Size (employees)
14,700 (est)
Assurant was founded in 1892 and is headquartered in New York, US

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, Houston, Addison, Wayne and in 19 other locations
New York, US (HQ)
28 Liberty St
Show all (24)

Assurant Financials and Metrics

Assurant Financials

Assurant's revenue was reported to be $7.5 b in FY, 2016
USD

Revenue (Q2, 2017)

1.6 b

Net income (Q2, 2017)

120.2 m

Market capitalization (13-Nov-2017)

5.4 b

Cash (30-Jun-2017)

848.2 m
Assurant's current market capitalization is $5.4 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

9 b10.4 b10.3 b7.5 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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

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
USDFY, 2013FY, 2014FY, 2015FY, 2016

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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

Cash

1.3 b1.1 b1.4 b1.3 b1.5 b2.1 b1.2 b1.1 b874.5 m848.2 m

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
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
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017

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)
Y, 2017

Financial Leverage

7.1 x
Show all financial metrics

Assurant Operating Metrics

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

Renters Policies

1.35 m1.39 m1.47 m1.5 m1.57 m1.63 m

Total Loans Issued, units

33.4 m33.2 m35.9 m36 m35.7 m35.6 m

Protected Autos

11.6 m12 m12.3 m12.6 m12.8 m14.3 m

Connected Devices

30.6 m30.8 m31.5 m31.9 m31.9 m32.4 m
Show all operating metrics

Assurant Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
The Warranty GroupOctober 18, 2017$2.5 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
Lifestyle Services GroupOctober 25, 2013£107 m
Field Asset Services, Inc.October 01, 2013
SureDepositJune 22, 2011
Signal Holdings LLCOctober 01, 2008$250 m
Warranty Management Group Business - GESeptember 03, 2008
Centrepoint Insurance Services Ltd.September 30, 2007
Swansure GroupJuly 11, 2007
Mayflower National Life Insurance CompanyJuly 01, 2007$67.5 m
Safeco Financial Institution Solutions, Inc.April 30, 2006
CORE, INC.March 28, 2001
American Bankers Insurance GroupAugust 17, 1999
John Alden Financial CorporationMarch 15, 1998

Assurant Market Value History

Assurant Revenue Breakdown

Assurant Median Salaries

Source: 32 public H-1B filings from Assurant

Assurant's Web-traffic and Trends

Assurant Online and Social Media Presence

Assurant News and Updates

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Assurant Company Life and Culture

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