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Assurant Inc (AIZ.N)

AIZ.N on New York Stock Exchange

88.83USD
18 Dec 2018
Change (% chg)

$-1.17 (-1.30%)
Prev Close
$90.00
Open
$90.04
Day's High
$91.28
Day's Low
$88.81
Volume
164,604
Avg. Vol
164,422
52-wk High
$111.36
52-wk Low
$84.35

Latest Key Developments (Source: Significant Developments)

Assurant Inc Says Co Expects $82 Mln To $89 Mln Pre-Tax Reportable Catastrophe Losses For Q3
Tuesday, 23 Oct 2018 

Oct 22 (Reuters) - Assurant Inc ::ASSURANT INC - EXPECTS TO RECORD BETWEEN $82 MILLION TO $89 MILLION PRE-TAX OF REPORTABLE CATASTROPHE LOSSES, MAINLY IN GLOBAL HOUSING SEGMENT FOR Q3.ASSURANT INC - EXPECTS TO RECORD BETWEEN $65 MILLION TO $70 MILLION AFTER-TAX, OF REPORTABLE CATASTROPHE LOSSES, MAINLY IN THE GLOBAL HOUSING SEGMENT FOR Q3.ASSURANT INC - EXPECTED REPORTABLE CATASTROPHE LOSSES RELATED TO HURRICANE FLORENCE.ASSURANT INC - EXPECTED REPORTABLE CATASTROPHE LOSSES ALSO RELATED TO INCREASED RESERVES ON CLAIMS FOR HURRICANE MARIA.ASSURANT INC - EXPECTS GLOBAL HOUSING TO INCUR LOSSES BETWEEN $55 MILLION & $85 MILLION PRE-TAX MAINLY RELATED TO WIND DAMAGE FROM HURRICANE MICHAEL.  Full Article

Assurant Reports Second Quarter 2018 Financial Results
Wednesday, 8 Aug 2018 

Aug 7 (Reuters) - Assurant Inc ::ASSURANT REPORTS SECOND QUARTER 2018 FINANCIAL RESULTS.Q2 OPERATING EARNINGS PER SHARE $2.13.Q2 EARNINGS PER SHARE $1.09.Q2 EARNINGS PER SHARE VIEW $1.76 -- THOMSON REUTERS I/B/E/S.QTRLY TOTAL REVENUES $1,831.7 MILLION VERSUS $1,600.5 MILLION.ASSURANT - TO REALIZE ABOUT $10 MILLION AFTER-TAX OF OPERATING SYNERGIES FROM TWG ACQUISITION THROUGH YEAR-END.2018 REVENUE EXPECTED TO CONTRACT FROM 2017 LEVELS DUE TO DECLINES IN LENDER-PLACED AND MORTGAGE SOLUTIONS THROUGH JULY 2018.ASSURANT - ADDITIONAL SAVINGS FROM EXPENSE MANAGEMENT EFFORTS TO BE REALIZED TOWARDS END OF 2018 AND INTO 2019.  Full Article

Assurant Announces Commencement Of Public Offering Of Mandatory Convertible Preferred Stock
Wednesday, 7 Mar 2018 

March 6 (Reuters) - Assurant Inc ::ASSURANT ANNOUNCES COMMENCEMENT OF PUBLIC OFFERING OF MANDATORY CONVERTIBLE PREFERRED STOCK.ASSURANT INC - ‍COMMENCEMENT OF A PUBLIC OFFERING OF 2 .5 MILLION SHARES OF ITS SERIES D MANDATORY CONVERTIBLE PREFERRED STOCK​.ASSURANT-TO USE PROCEEDS TO FUND CO'S PREVIOUSLY ANNOUNCED ACQUISITION OF TWG HOLDINGS LIMITED, REFINANCE EXISTING 2.50% SENIOR NOTES DUE 2018​.  Full Article

Assurant Files For Potential Mixed Shelf
Tuesday, 23 Jan 2018 

Jan 22 (Reuters) - Assurant Inc ::FILES FOR POTENTIAL MIXED SHELF; SIZE NOT DISCLOSED - SEC FILING.  Full Article

Assurant And The Warranty Group Amend Deal Structure
Tuesday, 9 Jan 2018 

Jan 9 (Reuters) - Assurant Inc ::ASSURANT AND THE WARRANTY GROUP AMEND DEAL STRUCTURE.ASSURANT INC - ‍TRANSACTION REMAINS MODESTLY ACCRETIVE TO 2018 EARNINGS PER SHARE ON A RUN-RATE BASIS​.ASSURANT INC - ‍UNDER REVISED TERMS, ASSURANT WILL ACQUIRE TWG HOLDINGS LIMITED AND ITS SUBSIDIARIES, AND REMAIN A DELAWARE CORPORATION​.ASSURANT INC - ‍TRANSACTION REMAINS VALUED AT $1.9 BILLION IN EQUITY VALUE OR $2.5 BILLION OF ENTERPRISE VALUE, INCLUDING WARRANTY GROUP'S EXISTING DEBT​.ASSURANT INC - ‍UPON CLOSING OF DEAL , ASSURANT'S BOARD WILL BE COMPRISED OF 14 DIRECTORS, INCLUDING TWO FROM TPG CAPITAL​.ASSURANT INC - ‍TPG CAPITAL AND ITS AFFILIATES WILL RECEIVE 10.4 MILLION ASSURANT SHARES, OR APPROXIMATELY 19.8 PERCENT OF CURRENT SHARES OUTSTANDING​.ASSURANT INC - ‍STRATEGIC RATIONALE AND OTHER KEY TERMS PREVIOUSLY ANNOUNCED ARE UNCHANGED​.ASSURANT INC - ENTERED INTO A NEW COMMITMENT LETTER FOR A $1.5 BILLION BRIDGE FACILITY (INCREASED FROM $1.0 BILLION) TO REFLECT NEW DEAL STRUCTURE​.ASSURANT INC - ‍BY END OF 2019, ASSURANT EXPECTS TO GENERATE $60 MILLION OF PRE-TAX OPERATING SYNERGIES BY OPTIMIZING GLOBAL OPERATIONS​.ASSURANT INC - UNDER AMEMDED TERMS, FOR FEWER ASSURANT SHARES, TPG CAPITAL,AFFILIATES WILL GET INCREASED CASH CONSIDERATION, TOTALING ABOUT $860 MILLION​.ASSURANT INC - ‍CURRENTLY EXPECTS TO REPLACE NEW BRIDGE FACILITY WITH A COMBINATION OF DEBT AND EQUITY, SUBJECT TO MARKET CONDITIONS​.  Full Article

Assurant Says Entered $450 Million Senior Unsecured Revolving Credit Facility
Friday, 22 Dec 2017 

Dec 21 (Reuters) - Assurant Inc ::ASSURANT SAYS ON DEC 15, ENTERED $450 MILLION, 5-YEAR SENIOR UNSECURED REVOLVING CREDIT FACILITY - SEC FILING.ASSURANT - NEW REVOLVING CREDIT FACILITY REPLACES CO'S PRIOR 5-YEAR $400 MILLION REVOLVING CREDIT FACILITY, ENTERED INTO ON SEPT 16, 2014.ASSURANT - ALSO ESTABLISHED $350 MILLION 364-DAY SENIOR UNSECURED TERM LOAN CREDIT FACILITY.ASSURANT - CO MAY INCREASE TOTAL AMOUNT AVAILABLE UNDER NEW REVOLVING CREDIT FACILITY TO $575 MILLION.  Full Article

ASSURANT BOARD OF DIRECTORS APPROVES 6% DIVIDEND INCREASE
Friday, 10 Nov 2017 

Nov 10 (Reuters) - Assurant Inc ::ASSURANT BOARD OF DIRECTORS APPROVES 6% DIVIDEND INCREASE.‍RAISES QUARTERLY DIVIDEND BY $0.03 TO $0.56 PER COMMON SHARE​.  Full Article

Assurant Q3 operating loss per share of $1.40
Friday, 3 Nov 2017 

Nov 2 (Reuters) - Assurant Inc ::Assurant reports third quarter 2017 financial results.Q3 operating loss per share $1.40.Q3 loss per share $1.05.Q3 earnings per share view $-1.72 -- Thomson Reuters I/B/E/S.Sees ‍for FY 2017, operating earnings per diluted share, excluding catastrophe losses to grow double-digits from 2016​.  Full Article

Assurant to acquire the Warranty Group in transaction valued at $2.5 billion
Wednesday, 18 Oct 2017 

Oct 18 (Reuters) - Assurant Inc :Assurant to acquire the Warranty Group in transaction valued at $2.5 Billion.Assurant Inc - ‍Assurant to acquire Warranty Group in transaction valued at $2.5 billion​.Assurant Inc - deal to be ‍modestly accretive to operating earnings per share in 2018 on a run-rate basis​.Assurant Inc - ‍transaction values Warranty Group at $1.9 billion in equity value​.Assurant Inc - ‍upon deal closing, Assurant Ltd. shares will trade on New York Stock Exchange under ticker symbol AIZ​.Assurant Inc - ‍senior management team of assurant will lead combined organization​.Assurant Inc - co will become a wholly owned subsidiary of Twg Holdings Limited, whose name will be changed to Assurant Ltd​.Assurant Inc - ‍Assurant shareholders will own about 77 percent of combined entity as existing shares of co are converted into shares of Assurant Ltd​.Assurant Inc - ‍existing Assurant Inc shares to be converted into shares of Assurant Ltd on a one-for-one basis​.Assurant-To finance cash consideration,repayment of $591 million of Warranty Group's debt through new debt,preferred securities to be issued after closing​.Assurant Inc - ‍assurant has entered into a commitment letter for a $1.0 billion bridge facility​.Assurant Inc - ‍assurant will also pay approximately $372 million in cash to TPG​.Assurant Inc - ‍by end of 2019, assurant expects to generate $60 million of pre-tax operating synergies from deal.  Full Article

Assurant - Expects $287 mln - $293 mln pre-tax catastrophes losses in Q3 2017​
Wednesday, 11 Oct 2017 

Oct 10 (Reuters) - Assurant Inc :Assurant - ‍expects between $287 million - $293 million pre-tax, or $187 million - $191 million after-tax, of catastrophes losses in Q3 2017​.Assurant Inc says ‍reportable catastrophes losses relate to hurricanes Harvey, Irma and MARIA for Q3 - SEC filing.Assurant Inc - ‍expects about $4 million pre-tax loss related to the earthquake in Mexico​ for Q3 2017.  Full Article