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Assurant Inc (AIZ.N)

AIZ.N on New York Stock Exchange

95.92USD
18 May 2018
Change (% chg)

$1.63 (+1.73%)
Prev Close
$94.29
Open
$94.60
Day's High
$97.03
Day's Low
$94.10
Volume
277,692
Avg. Vol
170,952
52-wk High
$106.96
52-wk Low
$84.35

Latest Key Developments (Source: Significant Developments)

Assurant Says CEO Alan Colberg's 2017 Total Compensation Was $9.3 Mln Versus $7.8 Mln In 2016
Tuesday, 27 Mar 2018 

March 27 (Reuters) - Assurant Inc ::ASSURANT INC SAYS CEO ALAN B. COLBERG'S 2017 TOTAL COMPENSATION WAS $9.3 MILLION VERSUS $7.8 MILLION IN 2016 - SEC FILING‍​.  Full Article

Assurant Commences Three-Part Note Offering
Wednesday, 14 Mar 2018 

March 14 (Reuters) - Assurant Inc ::ASSURANT ANNOUNCES COMMENCEMENT OF PUBLIC OFFERING OF SENIOR NOTES AND FIXED-TO-FLOATING SUBORDINATED NOTES.ASSURANT - COMMENCES PUBLIC OFFERING OF ITS SENIOR NOTES DUE 2023, SENIOR NOTES DUE 2028 AND FIXED-TO-FLOATING SUBORDINATED NOTES DUE 2048.ASSURANT INC - ‍OFFERING IS NOT CONTINGENT UPON CONSUMMATION OF DEAL OF TWG HOLDINGS LIMITED​.ASSURANT INC - CO INTENDS TO USE PROCEEDS FROM OFFERING TO FUND DEAL OF TWG HOLDINGS LIMITED, REFINANCE EXISTING 2.50% SENIOR NOTES DUE 2018​.  Full Article

Assurant Revises Financing Plan For Acquisition Of TWG Holdings By Lowering Overall Equity Issuance
Tuesday, 6 Mar 2018 

March 6 (Reuters) - Assurant Inc ::ASSURANT INC SAYS HAS REVISED ITS FINANCING PLAN FOR ACQUISITION OF TWG HOLDINGS LIMITED BY LOWERING OVERALL EQUITY ISSUANCE - SEC FILING.ASSURANT INC SAYS CURRENTLY BELIEVES SHARE REPURCHASE IN 2018 IS "UNLIKELY" BUT WILL REVISIT POST-CLOSING OF TWG HOLDINGS DEAL AS APPROPRIATE.  Full Article

Assurant Reports Q4 Earnings Per Share $5.76
Thursday, 8 Feb 2018 

Feb 8 (Reuters) - Assurant Inc ::ASSURANT REPORTS FOURTH QUARTER AND FULL-YEAR 2017 FINANCIAL RESULTS.Q4 OPERATING EARNINGS PER SHARE $1.84.Q4 EARNINGS PER SHARE $5.76.QTRLY TOTAL REVENUES $1,676.6 MILLION VERSUS $1,752.4 MILLION.  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
Thursday, 21 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
Thursday, 2 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 reports preliminary loss estimates for hurricanes Harvey and Irma
Monday, 11 Sep 2017 

Sept 11 (Reuters) - Assurant Inc ::Assurant shares preliminary loss estimates for hurricanes Harvey and Irma.Assurant - ‍expects Harvey's impact to result in $134 million - $140 million pre-tax of reportable catastrophe losses, net of reinsurance, and reinstatement premiums.Assurant- expects gross losses from hurricane irma will exceed retention of $125 million pre-tax but will remain within co's comprehensive reinsurance program​.Assurant Inc - Harvey's impact to catastrophe losses for global housing business unit will be reflected in its Q3 2017 financial results​.  Full Article

BRIEF-Assurant Q1 Earnings Per Share $1.96

* Q1 EARNINGS PER SHARE VIEW $1.93 -- THOMSON REUTERS I/B/E/S