$AIZ (Assurant Inc.)

$AIZ {{ '2016-04-27T18:33:38+0000' | timeago}} • Webcast

Risk management solutions provider $AIZ continued to execute its multi-year transformation strategy in 1Q16. The sale of Employee Benefits to SunLife Financial closed on March 1. The wind-down of the health operations also remains on track. The membership continues to decline to only 26,000 covered lives as of March 31.

$AIZ {{ '2017-09-11T16:40:40+0000' | timeago}} • Announcement

$AIZ expects Hurricane Harvey's impact to result in $134-140MM pre-tax of reportable catastrophe losses for its Global Housing business unit and will be reflected in its 3Q17 results. $AIZ expects gross losses from Hurricane Irma will exceed its retention of $125MM pre-tax but will remain within its comprehensive reinsurance program.

$AIZ {{ '2017-08-15T15:09:10+0000' | timeago}} • Announcement

$AIZ has appointed Carey Roberts as EVP, Chief Legal Officer and Corporate Secretary, effective Oct 30. She will be responsible for Assurant’s legal department, including compliance, government relations, internal audit and all other legal matters. Roberts succeeds Bart Schwartz, who earlier this year announced his intention to retire at year-end.

$AIZ {{ '2017-08-07T14:01:27+0000' | timeago}} • Announcement

$AIZ, provider of risk management solutions, has announced the appointment of Harriet Edelman, Vice Chairman of Emigrant Bank, and Debra Perry, former Senior MD of  Moody’s Investors Service, to its BoD with immediate effect. The board named Edelman to its Compensation Committee and Perry to its Finance & Risk Committee.

$AIZ {{ '2017-07-11T10:44:27+0000' | timeago}} • Announcement

$AIZ finalized a $1.36Bil property catastrophe reinsurance program, lowering its financial exposure and enhancing its ability to protect 2.8MM homeowners and renters policyholders against severe weather and other hazards. Base reinsurance premiums for 2017 global catastrophe program are expected to be $125.6MM, compared to $132.6MM in 2016.

$AIZ {{ '2017-05-15T14:35:46+0000' | timeago}} • Announcement

$AIZ appointed Daniel Pacicco as SVP, Chief Accounting Officer and Controller, effective June 1, 2017. Most recently, Pacicco served as SVP, finance for the North American operations of $CB, after holding many roles in over two decades with The Chubb Corporation.

$AIZ {{ '2017-05-02T21:07:10+0000' | timeago}} • Announcement

Risk manager $AIZ reported 34.6% decline in 1Q17 earnings. The results were impacted by lower net realized gains on investment associated with the sale of Assurant Employee Benefits. Net income fell to $143.8MM, or $2.53 per share from $220MM, or $3.34 per share in 1Q16. Revenues fell to $1.55Bil from $2.14Bil.

$AIZ {{ '2017-02-13T12:13:30+0000' | timeago}} • Announcement

$AIZ completed a transaction for a majority interest in Olivar Co. Ltd., a provider of mobile device lifecycle management and disposition in South Korea. The transaction strengthens $AIZ's leadership in mobile device protection by enhancing its ability to deliver mobile phone insurance products and services.

$AIZ {{ '2017-02-08T17:36:14+0000' | timeago}} • Webcast

$AIZ's net operating income was down YoY in 4Q16, hurt by higher reportable catastrophes and lender-placed normalization. For 2017, $AIZ expects to grow operating EPS, excluding catastrophe losses, by double digits. Over the long-term, the company estimates to grow net operating income and generate 15% average annual growth in operating EPS.

$AIZ {{ '2017-02-08T17:35:37+0000' | timeago}} • Webcast

Beginning in 4Q16, $AIZ revised its reportable segments to align with the company’s new global operating model. The new reportable segments are Global Housing, Global Lifestyle, Global Preneed and Corporate.

$AIZ {{ '2017-02-07T21:57:28+0000' | timeago}} • Announcement

Risk manager $AIZ reported lower 4Q16 earnings, mainly due to $20.7MM net realized losses on investments. Net income fell to $31.3MM, or $0.54 per share, compared to $65.7MM, or $0.97 per share during 4Q15.

$AIZ {{ '2017-01-25T12:24:34+0000' | timeago}} • Announcement

$AIZ announced new reportable segments to align with the company’s evolved global operating model resulting from its multi-year transformation. Starting in 4Q16, $AIZ will have four reportable segments, including Global Housing, Global Lifestyle, Global Preneed, and Corporate & Other.

$AIZ {{ '2017-01-18T11:38:23+0000' | timeago}} • Announcement

$AIZ announced changes to its legal department. Bart Schwartz, chief legal officer, will retire at end of 2017. $AIZ has launched a comprehensive search and expects to name a successor prior to his departure. Also, Gregory DeChurch has been promoted to SVP and deputy general counsel, and Doris Vigo has been named SVP and chief compliance officer.

$AIZ {{ '2017-01-04T17:45:38+0000' | timeago}} • Announcement

$AIZ agreed to buy Green Tree Insurance Agency from a subsidiary of Walter Investment Management for $125MM in cash with a potential earnout of up to $25MM, based on future performance. $AIZ expects the transaction to close in 1Q17. The acquisition will have minimal impact to $AIZ's GAAP earnings in 2017.

$AIZ {{ '2016-11-14T15:57:46+0000' | timeago}} • Announcement

$AIZ's BoD approved a quarterly dividend increase of $0.03 to $0.53 per common share, payable on Dec. 12, 2016 to stockholders of record on Nov. 28, 2016. The board also authorized the repurchase of up to an additional $600MM of its common stock, bringing the total authorization to about $753MM.

$AIZ {{ '2016-10-26T19:35:30+0000' | timeago}} • Webcast

Property and insurance company $AIZ said it estimates losses from the recent Hurricane Matthew could total up to $70MM after tax. Hurricane Matthew in October inflicted severe flooding and wind damage particularly in parts of Georgia, the Carolinas and the Caribbean.

$AIZ {{ '2016-10-25T23:09:33+0000' | timeago}} • Announcement

For full year 2016, $AIZ expects Assurant Solutions' net operating income to decline modestly from 2015. Assurant Specialty Property's net earned premiums and net operating income is expected to decrease from 2015 levels. Corporate & Other full-year net operating loss is expected to approximate $70MM.

$AIZ {{ '2016-10-25T23:05:53+0000' | timeago}} • Announcement

$AIZ reported a quarterly profit in 3Q16, helped in part by gains resulting from its sale of the Assurant Employee Benefits business. Net income was $144.4MM or $2.37 per diluted share, compared to net loss of $7MM or $0.10 per diluted share.

$AIZ {{ '2016-07-27T16:34:31+0000' | timeago}} • Webcast

J.P. Morgan's Jamminder Bhullar asks about the slowdown in $AIZ' mobile device protection business. Chief Risk Officer Christopher Pagano says the business volume did not reach expected levels, and mobile profit is down in Europe. He adds that $AIZ is taking actions to address the issue. "We feel very good about the second half," says Pagano.

$AIZ {{ '2016-07-27T00:26:55+0000' | timeago}} • Announcement

Risk manager $AIZ reported a higher 2Q16 profit of $169.3MM, or $2.70 per share, compared to $32.8MM, or $0.47 per share, a year ago, mainly due to lower losses and exit-related charges from the wind down of its Assurant Health runoff operations and the increase in the amortization of deferred gains due to 1Q16 sale of Assurant Employee Benefits.

$AIZ {{ '2016-07-13T05:53:31+0000' | timeago}} • Announcement

Renters insurance provider $AIZ said it has been selected as preferred insurance provider for single-family home rental company, Invitation Homes. $AIZ will provide residents personal liability insurance directly through Invitation Homes for its network of houses in major metropolitan areas.

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