Edition:
United Kingdom

Assurant Inc (AIZ.N)

AIZ.N on New York Stock Exchange

111.54USD
22 Jul 2019
Change (% chg)

$0.38 (+0.34%)
Prev Close
$111.16
Open
$111.19
Day's High
$111.82
Day's Low
$111.00
Volume
90,839
Avg. Vol
173,069
52-wk High
$112.70
52-wk Low
$82.43

Latest Key Developments (Source: Significant Developments)

Assurant Inc Sees $1.35 Bln Capital Return Through 2021
Thursday, 14 Mar 2019 

March 14 (Reuters) - Assurant Inc ::ASSURANT INC - AS PART OF 2020-2021 FINANCIAL OBJECTIVES, SEE OPERATING EPS, EXCLUDING CATASTROPHES POSTING 12% AVERAGE ANNUAL GROWTH - PRESENTATION.ASSURANT INC SEES $1.35 BILLION CAPITAL RETURN THROUGH 2021.  Full Article

Assurant Expects To Deliver Strong EPS Growth, $1.35 Bln Capital Return To Shareholders Through 2021
Thursday, 14 Mar 2019 

March 14 (Reuters) - Assurant Inc ::ASSURANT INC - EXPECTS TO DELIVER STRONG EARNINGS PER SHARE GROWTH, $1.35 BILLION CAPITAL RETURN TO SHAREHOLDERS THROUGH 2021.  Full Article

Assurant Inc Says Co Expects $82 Mln To $89 Mln Pre-Tax Reportable Catastrophe Losses For Q3
Monday, 22 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
Tuesday, 7 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
Tuesday, 6 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
Monday, 22 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
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

Shorter CLO reinvestment periods gain favor

NEW YORK, Feb 1 (LPC) - Some Collateralized Loan Obligation (CLO) managers are choosing to issue funds with shorter terms in order to counter rising spreads.