OverviewSuggest Edit

Assurant provides specialty protection products and related services to safeguard against risks. 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. 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 farm owners.
TypePublic
Founded1892
HQNew York, US
Websiteassurant.com
Employee Ratings3.4

Latest Updates

Employees (est.) (Dec 2019)13,600(-1%)
Job Openings291
Revenue (FY, 2019)$10.1 B(+26%)
Share Price (Sept 2020)$119.9
Cybersecurity ratingAMore

Key People/Management at Assurant

Alan B. Colberg

Alan B. Colberg

President and Chief Executive Officer, Director
Suzanne Shepherd

Suzanne Shepherd

Senior Vice President
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
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Assurant Office Locations

Assurant has offices in New York, Addison, Albany, Atlanta and in 46 other locations
New York, US (HQ)
28 Liberty St
Addison, US
4550 Excel Pkwy #400
Albany, US
1880 14th Ave SE
Atlanta, US
260 Interstate N Cir SE
Berwyn, US
80 Swedesford Rd #350
Bothell, US
21222 30th Dr SE #120
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Assurant Financials and Metrics

Assurant Revenue

Assurant's revenue was reported to be $10.09 b in FY, 2019
USD

Revenue (Q2, 2020)

2.5b

Gross profit (Q2, 2020)

1.9b

Gross profit margin (Q2, 2020), %

76%

Net income (Q2, 2020)

178.4m

Market capitalization (18-Sept-2020)

7.2b

Closing stock price (18-Sept-2020)

119.9

Cash (30-Jun-2020)

2.1b
Assurant's current market capitalization is $7.2 b.
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

8.5b8.3b8.5b9.0b10.4b10.3b7.5b6.4b8.1b10.1b

Revenue growth, %

15%(1%)(27%)(15%)26%

Cost of goods sold

3.6b3.8b3.7b2.7b

Gross profit

4.9b4.5b4.9b7.4b
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q1, 2012Q1, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Revenue

2.2b2.1b2.1b2.0b2.1b2.2b2.3b2.4b2.6b2.7b2.6b2.6b2.5b2.1b1.8b1.8b1.6b1.6b1.6b2.5b2.5b2.6b2.5b

Cost of goods sold

928.0m905.3m913.3m894.5m856.4m857.4m682.2m705.2m607.2m592.1m

Gross profit

1.2b1.2b1.2b1.1b1.2b1.3b904.2m1.8b2.0b1.9b

Gross profit Margin, %

57%58%57%56%59%60%57%72%76%76%
Annual
USDFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

279.2m545.8m483.7m488.9m470.9m141.6m565.4m519.6m382.6m

Depreciation and Amortization

126.6m55.2m49.6m125.1m115.7m126.9m125.8m

Inventories

7.4m

Accounts Payable

(58.4m)124.7m33.8m(35.3m)
Quarterly
USDQ1, 2010Q2, 2010Q3, 2010Q1, 2011Q2, 2011Q3, 2011Q1, 2012Q2, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020

Net Income

164.7m463.6m141.7m307.6m383.6m163.3m169.2m117.8m251.3m165.7m309.8m154.7m332.8m

Depreciation and Amortization

29.7m60.1m87.4m33.5m

Accounts Payable

194.3m168.2m

Cash From Operating Activities

121.9m465.5m183.6m323.8m509.7m1.0m184.5m51.7m273.7m724.0m127.2m261.8m514.7m(177.7m)168.9m529.5m(339.0m)(301.7m)(43.1m)24.2m(300.0k)366.4m(75.7m)172.3m454.6m246.7m725.7m1.2b(123.7m)292.2m
USDQ1, 2010

Financial Leverage

5.3 x
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Assurant Operating Metrics

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

Connected Devices

30.60 m30.80 m31.50 m31.90 m31.90 m32.40 m

Pre-funded Funeral Policies

1.90 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
Show all operating metrics

Assurant Acquisitions / Subsidiaries

Company NameDateDeal Size
FixtAugust 18, 2020
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
Lifestyle Services GroupOctober 25, 2013£107 m
Field Asset Services, Inc.October 01, 2013
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Assurant Cybersecurity Score

Cybersecurity ratingPremium dataset

A

95/100

SecurityScorecard logo

Assurant Revenue Breakdown

Embed Graph

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

Assurant Online and Social Media Presence

Embed Graph

Assurant News and Updates

Mobile Phone Insurance Ecosystem 2020 Global Market Key Players – Allianz Insurance, Assurant, Asurion, Aviva - Analysis and Forecast to 2026

Wiseguyreports.Com Publish New Market Research Report On-“Covid-19 Impact on Mobile Phone Insurance Ecosystem Market 2020 Global Analysis, Size, Share, Trends, Opportunities and Growth, Forecast 2026” Posted via Industry Today. Follow us on Twitter @IndustryToday

Baltimore startup Fixt acquired by Fortune 500 insurer Assurant

Baltimore-based mobile tech support startup Fixt was acquired by Fortune 500 risk management company Assurant, the companies said.

Synchronoss Integrates its Personal Cloud Solution into the Assurant Pocket Geek Platform

Device and content protection solution delivers enhanced cloud-based features to subscribers while driving new global revenue opportunities for mobile operators Device and content protection solution delivers enhanced cloud-based features to subscribers while driving new global revenue opportunities…

Assurant Acquires Global Cell Phone Repair Operator CPR

Expanded options for same-day mobile repair service to provide a more seamless experience for consumers; Positions franchisees to diversify and grow their businesses.read more

Wells Fargo, Sapoznik Insurance and Assurant lead Miami business influencers in The Education Fund's campaign to help public school teachers

MIAMI, Aug. 16, 2019 /PRNewswire/ -- Committed to strengthening the pipeline of educators in South Florida, The Education Fund (Educationfund.org) announced the launch of its 2019 Teach-A-Thon presented by Wells Fargo. This campaign fosters awareness about the teaching profession and...

Assurant Names Deborah Cornwell Senior Vice President, Customer Experience

She will lead the company’s global experience center of excellence and be based in Atlanta, reporting directly to Francesca Luthi, executive vice president and chief marketing and communication officer.read more
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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, Suzanne Shepherd and Gene E. Mergelmeyer.

  • 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 A-WIN, Brokerlink and HDF Insurance.

  • 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 46 other locations.

  • How many offices does Assurant have?

    Assurant has 57 offices.