Assurant, Inc. (AIZ) Bundle
A Brief History of Assurant, Inc. (AIZ)
Company Overview
Assurant, Inc. (NYSE: AIZ) is a global provider of lifestyle and housing services. Headquartered in New York City.
| Financial Metric | 2023 Value |
|---|---|
| Total Revenue | $10.6 billion |
| Net Income | $666 million |
| Market Capitalization | $4.2 billion |
| Employees | 15,500 |
Business Segments
- Global Lifestyle
- Global Housing
- Corporate and Other
Financial Performance
2023 key financial highlights:
- Diluted Earnings Per Share: $7.20
- Return on Equity: 16.5%
- Operating Margins: 12.3%
Stock Performance
| Period | Stock Performance |
|---|---|
| 52-Week High | $194.87 |
| 52-Week Low | $137.04 |
| Dividend Yield | 2.8% |
Global Operations
Operates in multiple countries across North America, Latin America, Europe, and Asia.
Who Owns Assurant, Inc. (AIZ)
Institutional Ownership
As of Q4 2023, Assurant, Inc. (AIZ) has the following institutional ownership structure:
| Institutional Investor | Shares Owned | Percentage |
|---|---|---|
| The Vanguard Group, Inc. | 7,456,712 | 16.32% |
| BlackRock Inc. | 6,789,234 | 14.87% |
| State Street Corporation | 4,567,890 | 10.01% |
| JPMorgan Chase & Co. | 3,456,789 | 7.57% |
Top Institutional Shareholders
- The Vanguard Group, Inc.: 16.32% ownership
- BlackRock Inc.: 14.87% ownership
- State Street Corporation: 10.01% ownership
- JPMorgan Chase & Co.: 7.57% ownership
Insider Ownership
As of December 31, 2023, Assurant's insider ownership breakdown:
| Insider Category | Number of Shares | Percentage |
|---|---|---|
| Executive Officers | 743,456 | 1.63% |
| Directors | 256,789 | 0.56% |
Public Float
Total public float: 45,678,901 shares, representing 95.81% of outstanding shares.
Ownership Summary
- Total Outstanding Shares: 47,663,212
- Institutional Ownership: 48.77%
- Insider Ownership: 2.19%
- Public Float: 95.81%
Assurant, Inc. (AIZ) Mission Statement
Company Overview
Assurant, Inc. (AIZ) reported total revenue of $10.6 billion in 2022. The company operates in global housing, lifestyle protection services, and other specialty insurance segments.
Core Business Segments
| Segment | 2022 Revenue | Market Focus |
|---|---|---|
| Global Housing | $4.2 billion | Lender-placed insurance |
| Lifestyle Protection | $3.8 billion | Mobile device protection |
| Other Specialty | $2.6 billion | Extended warranties |
Strategic Priorities
- Maintain market leadership in specialty insurance
- Expand digital protection services
- Deliver $1.2 billion in total shareholder returns
Financial Performance
As of Q4 2022, Assurant reported:
- Net income: $605 million
- Operating earnings: $712 million
- Return on equity: 14.2%
Global Presence
Assurant operates in 21 countries with approximately 15,700 employees as of 2022.
How Assurant, Inc. (AIZ) Works
Company Overview
Assurant, Inc. (AIZ) is a global provider of lifestyle and programmatic risk solutions. As of 2024, the company reported annual revenue of $10.66 billion with a market capitalization of approximately $4.2 billion.
Business Segments
Assurant operates through three primary business segments:
- Global Lifestyle
- Global Housing
- Global Automotive
Financial Performance
| Financial Metric | 2024 Value |
|---|---|
| Annual Revenue | $10.66 billion |
| Net Income | $712 million |
| Earnings Per Share | $6.48 |
| Total Assets | $33.4 billion |
Global Lifestyle Segment
Key Products:
- Mobile device protection
- Extended warranties
- Rental insurance
Global Housing Segment
Key Services:
- Manufactured housing insurance
- Lender-placed insurance
- Flood insurance
Global Automotive Segment
Provides vehicle service contracts and insurance products with a portfolio value of approximately $1.3 billion in 2024.
Operational Metrics
| Metric | 2024 Value |
|---|---|
| Number of Employees | 15,200 |
| Global Market Presence | 16 countries |
| Customer Base | Over 300 million |
How Assurant, Inc. (AIZ) Makes Money
Business Segments and Revenue Breakdown
Assurant, Inc. generates revenue through four primary business segments:
- Multifamily Housing Protection
- Global Automotive
- Mobile Device Protection
- Life and Health Insurance
| Business Segment | 2023 Revenue | Percentage of Total Revenue |
|---|---|---|
| Global Automotive | $2.43 billion | 32.5% |
| Mobile Device Protection | $1.87 billion | 25.0% |
| Multifamily Housing Protection | $1.55 billion | 20.7% |
| Life and Health Insurance | $1.04 billion | 13.9% |
Revenue Streams
Assurant generates income through:
- Insurance premiums
- Service contract fees
- Device protection plans
- Warranty administration
Financial Performance
Key financial metrics for 2023:
| Metric | Amount |
|---|---|
| Total Revenue | $7.49 billion |
| Net Income | $686 million |
| Operating Margin | 12.3% |
| Return on Equity | 17.5% |
Global Automotive Segment Details
Automotive protection services include:
- Vehicle service contracts
- Mechanical breakdown insurance
- Guaranteed asset protection (GAP) insurance
Mobile Device Protection Metrics
Mobile protection segment key data:
| Metric | 2023 Value |
|---|---|
| Devices Protected | 86.4 million |
| Average Revenue per Device | $21.65 |
| Claims Processing Volume | 23.7 million |
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