Assurant Inc (N:AIZ)

Sector:  Financials Industry:  Multiline Insurance & Brokers
 
See Regulatory Filings on SEC
Company Contact
Address: 260 INTERSTATE NORTH CIRCLE S.E.
ATLANTA GA 30339
Tel: 1-212-8597062
Website: https://www.assurant.com
IR: See website
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Key People
Keith W. Demmings
President, Chief Executive Officer, Director
Keith Meier
Chief Financial Officer, Executive Vice President
Francesca L. Luthi
Chief Operating Officer, Executive Vice President
Robert A. Lonergan
Executive Vice President and Chief Strategy and Risk Officer
Michael P. Campbell
Executive Vice President, President - Global Housing
Jay E. Rosenblum
Executive Vice President, Chief Legal Officer
Mariana Wisk
Senior Vice President, Corporate Secretary
   
Business Overview
Assurant, Inc. is a global business services company, which supports, protects, and connects consumer purchases. The Company operates in North America, Latin America, Europe, and Asia Pacific through two segments: Global Lifestyle and Global Housing. The Global Lifestyle segment consists of Connected Living, which provides mobile device solutions, extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products, as well as iSmash, a provider of mobile device solutions, and Global Automotive, which offers vehicle protection services, commercial equipment services and other related services. Through its Global Housing segment, it provides lender-placed homeowners, manufactured housing and flood insurance, as well as voluntary manufactured housing, condominium and homeowners insurance (Homeowners), and renters insurance and other products (Renters and Other).
Financial Overview
For the fiscal year ended 31 December 2023, Assurant Inc revenues increased 9% to $11.15B. Net income increased from $276.6M to $642.5M. Revenues reflect Global Lifestyle segment increase of 7% to $8.91B, Global Housing segment increase of 15% to $2.25B, United States segment increase of 11% to $9.3B, Foreign countries segment increase of 2% to $1.84B. Net income benefited from Goodwill impairment decrease from $7.8M (expense) to $0K.
Employees: 13,600 as of Dec 31, 2023
Reporting Currency: U.S. Dollars
Enterprise value: $9,605M as of Dec 31, 2023
Annual revenue (TTM): $11,149M as of Dec 31, 2023
EBITDA (TTM): $1,119M as of Dec 31, 2023
Net annual income (TTM): $642.50M as of Dec 31, 2023
Free cash flow (TTM): $783.30M as of Dec 31, 2023
Net Debt Last Fiscal Year: $453.20M as of Dec 31, 2023
Shares outstanding: 51,977,634 as of Feb 9, 2024
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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