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 |
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 |