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 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 Data and Metrics

Assurant Financial Metrics

Assurant's revenue was reported to be $1.6 b in Q1, 2017
USD

Revenue (Q1, 2017)

1.6 b

Net income (Q1, 2017)

143.8 m

Market capitalization (21-Jul-2017)

6 b

Cash (31-Mar-2017)

874.5 m
Assurant's current market capitalization is $6 b.
USDFY, 2013FY, 2014FY, 2015FY, 2016

Revenue

9 b10.4 b10.3 b7.5 b

Revenue growth, %

15%(1%)(27%)

Pre tax profit

789.7 m744.1 m201.2 m848.6 m

Net Income

488.9 m470.9 m141.6 m565.4 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Revenue

2.6 b2.7 b2.6 b2.6 b2.5 b2.1 b1.8 b1.8 b1.6 b

Pre tax profit

193.8 m224.8 m83.2 m40 m337.5 m235.5 m215.1 m

Net Income

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

Total Assets

29.7 b31.6 b30 b29.7 b

Accounts Payable

1.7 b2.7 b2 b2 b

Total Liabilities

25.6 b

Additional Paid-in Capital

3.1 b3.1 b3.1 b3.2 b

Retained Earnings

4.4 b4.8 b4.9 b5.3 b

Total Equity

4.8 b5.2 b4.5 b4.1 b

Financial Leverage

6.1 x6.1 x6.6 x7.2 x
USDQ2, 2014Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017

Cash

1.4 b1.3 b1.5 b2.1 b1.2 b1.1 b874.5 m

Inventories

14.7 b13.7 b13.5 b11.4 b12 b12 b11.5 b

Goodwill

804.9 m842.2 m841.2 m839.8 m834.2 m839.7 m894.5 m

Total Assets

30.6 b30.8 b30.6 b30.3 b29.8 b30.3 b29.6 b

Additional Paid-in Capital

3.1 b3.1 b3.1 b3.2 b3.2 b3.2 b3.2 b

Retained Earnings

4.7 b4.9 b4.8 b5 b5.2 b5.3 b5.4 b

Total Equity

5.3 b4.8 b4.7 b4.6 b4.6 b4.5 b4.2 b

Financial Leverage

5.7 x6.4 x6.5 x6.6 x6.5 x6.7 x7.1 x
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

Long-term Borrowings

(467.3 m)

Dividends Paid

(74.1 m)(77.5 m)(94.2 m)(125.3 m)

Cash From Financing Activities

196.7 m(776.2 m)(487.1 m)(1.1 b)

Income Taxes Paid

119.7 m247.8 m80.1 m226.1 m
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 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

261.8 m514.7 m(177.7 m)168.9 m529.5 m(339 m)(301.7 m)(43.1 m)24.2 m

Cash From Investing Activities

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

Long-term Borrowings

(467.3 m)(467.3 m)(250 m)(250 m)

Dividends Paid

(38.9 m)(58.4 m)(18.8 m)(40.5 m)(60.9 m)(32.4 m)(65 m)(95 m)(29.7 m)

Cash From Financing Activities

(605.8 m)(658.3 m)(104.4 m)(230.4 m)(325.3 m)(26.8 m)(503 m)(760.3 m)(127.7 m)
USDY, 2017

Revenue/Employee

105.5 k

Financial Leverage

7.1 x

Assurant Market Value History

Assurant Job Categories

Assurant Median Salaries

Source: 32 public H-1B filings from Assurant

Assurant Online and Social Media Presence

Assurant News and Updates

Assurant Company Life and Culture

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