• Assurant Reports Fourth Quarter and Full Year 2008 Operating Results

    Feb 4, 2009, 09:00 AM by User Not Found
    Q4 2008 Net Operating Income of $153.7 Million ($1.31 per diluted share), Down Less Than 1%; Full Year Net Operating Income of $637.4 Million ($5.36 per diluted share), Down 8% Q4 2008 Net Income of $182.4 Million ($1.55 per diluted share) and $447.8 Million ($3.77 per diluted share) for Full Year 2008 New York - February 4, 2009 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialized insurance and insurance-related products and services, today reported results for the fourth quarter and twelve months ended December 31, 2008. Robert B. Pollock, Assurant's president and chief executive officer, said: "Although we can't avoid the chill of the economic 'global cooling,' Assurant's capital position remains stable and our balance sheet remains solid, setting us apart, despite the unprecedented challenges in the economy. In 2008, despite an active storm season, we were able to grow revenues and expand through strategic acquisitions. We continue to believe our diverse
    Full story
  • Assurant Promotes Robyn H. Price Stonehill to Senior Vice President, Compensation and Benefits

    Jan 30, 2009, 09:00 AM by User Not Found
    NEW YORK, Jan. 30, 2009 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, announced today that it has promoted Robyn H. Price Stonehill to the position of senior vice president, compensation and benefits, effective immediately. Ms. Price Stonehill, 36, most recently served as vice president, executive compensation and retirement plans at Assurant. In her expanded role, Ms. Price Stonehill will continue to oversee Assurant's executive compensation and retirement programs. She will also oversee Assurant's health and welfare plans working to optimize synergies across the compensation and benefits function. Lesley Silvester, Assurant's executive vice president, said: "This promotion and expanded responsibility recognizes Robyn's outstanding leadership abilities and valuable contributions to the company. Over the past 10 years, Robyn has progressively moved through significant positions in managing Assurant's
    Full story
  • Assurant Board of Directors Declares Quarterly Dividend of $0.14 per Share of Common Stock

    Jan 23, 2009, 09:00 AM by User Not Found
    NEW YORK, Jan. 23, 2009 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, announced today that its board of directors has declared a quarterly dividend of $0.14 per share of common stock. The dividend will be payable on March 9, 2009 to stockholders of record as of the close of business on Feb. 23, 2009. Future dividend declarations will be made at the discretion of the board of directors and will be based on such factors as the company's earnings, financial condition, cash requirements, future prospects and other factors. Assurant is a premier provider of specialized insurance products and related services in North America and selected international markets. Its four key businesses - Assurant Solutions, Assurant Specialty Property, Assurant Health and Assurant Employee Benefits - have partnered with clients who are leaders in their industries and have built leadership positions in a number of specialty
    Full story
  • Assurant to Announce 2008 Fourth Quarter Results Feb. 4, 2009 and Hold Webcast Conference Call Feb. 5

    Jan 6, 2009, 09:00 AM by User Not Found
    NEW YORK, Jan. 6, 2009 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, will release its 2008 fourth quarter financial results on Wednesday, Feb. 4, 2009 after the market closes. The news release will be available on Assurant's Web site at www.assurant.com . The company will broadcast its 2008 fourth quarter conference call at 9:00 am (ET) on Thursday, Feb. 5, 2009 with access available via internet and telephone. The teleconference is expected to last about one hour. Robert B. Pollock, president and chief executive officer; Michael J. Peninger, executive vice president and interim chief financial officer; Craig Lemasters, president and chief executive officer, Assurant Solutions; Christopher J. Pagano, executive vice president, treasurer and chief investment officer; and Melissa Kivett, senior vice president, investor relations; will review the 2008 fourth quarter results. Following the review, there
    Full story
  • Assurant Comments on A.M. Best Ratings Statement; Ratings Continue to Reflect Assurant's Solid Financial Position

    Nov 26, 2008, 09:00 AM by User Not Found
    NEW YORK, Nov. 26, 2008 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, today commented on A.M. Best's statement regarding the company's financial strength ratings. "We were very pleased to see that A.M. Best affirmed the ratings of nineteen of Assurant's twenty two underwriting entities and raised Assurant's outlook to 'stable' during these historically challenging economic times," said Robert B. Pollock, Assurant's president and chief executive officer. "All of our rated underwriting entities continue to have A- or better ratings, and we believe that Assurant remains well-capitalized and well-positioned to continue to deliver on our commitments to our policyholders and compete effectively." A.M. Best lowered the A ("Excellent") ratings to an A- rating ("Excellent") for Union Security Insurance Company and American Memorial Life Insurance Company, Assurant's life insurance subsidiaries which have longer
    Full story
  • Assurant Board of Directors Declares Quarterly Dividend of $0.14 per Common Share; Unchanged From Prior Quarter

    Nov 14, 2008, 09:00 AM by User Not Found
    NEW YORK, Nov. 14, 2008 — Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, announced today that its board of directors has declared a quarterly dividend of $0.14 per common share, unchanged from the prior quarter. The dividend will be payable on Dec. 10, 2008 to shareholders of record as of Nov. 24, 2008. Future dividend declarations will be made at the discretion of the board of directors and will be based on such factors as the company's earnings, financial condition, cash requirements, future prospects and other factors. Assurant is a premier provider of specialized insurance products and related services in North America and selected international markets. Its four key businesses - Assurant Solutions; Assurant Specialty Property; Assurant Health; and Assurant Employee Benefits - have partnered with clients who are leaders in their industries and have built leadership positions in a number of specialty
    Full story
  • Assurant Announces Filing of Universal Shelf Registration

    Nov 6, 2008, 09:00 AM by User Not Found
    NEW YORK- November 6, 2008 - Assurant, Inc. (NYSE: AIZ) announced today it filed an automatically effective shelf registration statement with the U.S. Securities and Exchange Commission (the "SEC").    Although Assurant does not have any current commitments or intentions to sell securities, the shelf registration statement provides flexibility for the company to issue equity, debt or other types of securities through one or more methods of distribution. The terms of any future offering would be established at the time of offering subject to market conditions. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities. Press Contact: Drew Guthrie Manager, Communications and Media Relations Phone: 212-859-7002 Fax: 212-859-5893 [email protected] Investor Relations:
    Melissa Kivett
    Senior Vice President
    Investor Relations
    Phone: 212-859-7029
    Fax: 212-859-5893
    Full story
  • Assurant Announces Reinstatement of Share Repurchase Program

    Nov 6, 2008, 09:00 AM by User Not Found
    Enhances Company's Capital Management Flexibility NEW YORK- November 6, 2008 - Assurant, Inc. (NYSE: AIZ), a premier provider of specialized insurance and insurance-related products and services, today announced that it has reinstated its share buyback program, effective Tuesday, November 11, 2008. Robert B. Pollock, president and chief executive officer, said, "Our first priority is to maintain our solid capital position during a period of unprecedented market volatility. However, we believe the benefit of our diverse specialty business model is not fully reflected in our stock price and remains a compelling driver of shareholder value. Our buyback program will be structured to provide flexibility to respond to changing market conditions. Therefore, we expect to limit potential repurchases to approximately $30 million between November 11, 2008 and January 31, 2009, subject to a meaningful improvement in the credit markets." In September 2007, Assurant announced the suspension of its
    Full story
  • Assurant Reports Q3 2008 Net Operating Income of $83.1 Million or $0.70 per diluted share; Q3 2008 Net Loss of $111.4 Million or ($0.95) per diluted share

    Oct 30, 2008, 15:56 PM by User Not Found
    New York - October 30, 2008 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialized insurance and insurance-related products and services, today reported its results for the third quarter of 2008 and the nine months ended
    September 30, 2008. Robert B. Pollock, president and chief executive officer, said: "Assurant demonstrated resilience, an essential quality for any business during turbulent times. Despite unprecedented volatility in the capital markets and a very active hurricane season we continued to execute on our diversified specialty strategy. We were pleased to complete two important acquisitions during the quarter."
    Full story
  • Assurant to Host Third Quarter 2008 Results Webcast Conference Call at New Time -- 10:00 AM ET on October 30, 2008

    Oct 17, 2008, 09:00 AM by User Not Found
    NEW YORK, October 17, 2008 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, will release its 2008 third quarter financial results on Thursday, October 30, 2008 before the market opens. The news release will be available on Assurant's Web site at www.assurant.com . The company's 2008 third quarter conference call originally scheduled for 9:00 am (ET) on Thursday, October 30, 2008 will now be held at 10:00 am ET with access available via internet and telephone. This change was made to better accommodate investors and analysts given the number of other companies hosting earnings calls that morning. The teleconference is expected to last about one hour. Robert B. Pollock, president and chief executive officer; Michael J. Peninger, executive vice president and interim chief financial officer; Gene Mergelmeyer, president and chief executive officer, Assurant Specialty Property; Christopher J. Pagano, executive
    Full story
  • Assurant Completes Acquisition of Wireless Handset Service Provider Signal Holdings

    Oct 2, 2008, 09:00 AM by User Not Found
    NEW YORK, Oct. 2, 2008 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, announced today that it has completed its acquisition of Signal Holdings LLC, a leading provider of wireless handset protection programs and repair services, from Trident II L.P., a private equity fund managed by Stone Point Capital LLC, and Signal Holdings' management for $250 million in cash. Signal Holdings, a privately held company headquartered in Wayne, Pa., generates annual revenues of approximately $330 million through servicing extended service contracts for 4.2 million wireless subscribers. The transaction, which was completed earlier today, expands Assurant Solutions' client portfolio and servicing capabilities in the wireless service contract market. Assurant expects the transaction to be accretive to earnings beginning in 2010. Assurant Solutions and Signal Holdings have been business partners since 2001 and share the
    Full story
  • Assurant to Announce 2008 Third Quarter Results and Hold Webcast Conference Call on October 30, 2008

    Oct 1, 2008, 09:00 AM by User Not Found
    NEW YORK, October 1, 2008 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, will release its 2008 third quarter financial results on Thursday, October 30, 2008 before the market opens. The news release will be available on Assurant's Web site at www.assurant.com . The company will broadcast its 2008 third quarter conference call at 9:00 am (ET) on Thursday, October 30, 2008 with access available via internet and telephone. The teleconference is expected to last about one hour. Robert B. Pollock, president and chief executive officer; Michael J. Peninger, executive vice president and interim chief financial officer; Gene Mergelmeyer, president and chief executive officer, Assurant Specialty Property; Christopher J. Pagano, executive vice president, treasurer and chief investment officer; and Melissa Kivett, senior vice president, investor relations; will review the 2008 third quarter results. Following the
    Full story
  • Assurant Appoints Stephen W. Gauster Senior Vice President and Chief Corporate Counsel

    Sep 30, 2008, 09:00 AM by User Not Found
    NEW YORK, September 30, 2008 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, announced today that it has appointed Stephen W. Gauster senior vice president and chief corporate counsel effective immediately. Mr. Gauster, 38, will report to Bart Schwartz, Assurant's executive vice president and chief legal officer, and will oversee Assurant's public company legal work, its risk management function and its corporate law practice group. Mr. Schwartz said: "Stephen is an accomplished corporate lawyer. His expertise in securities law, complex transactions and corporate governance with a major public insurance company and a major law firm make him ideally suited for this role." Before joining Assurant, Mr. Gauster was vice president, corporate counsel and assistant secretary of Prudential Financial, Inc. and general counsel and secretary of Prudential Funding, LLC. Before that, he was an associate in the
    Full story
  • Assurant Completes Acquisition of GE Consumer & Industrial's Warranty Management Group

    Sep 29, 2008, 09:00 AM by User Not Found
    NEW YORK, September 29, 2008 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialized insurance and insurance-related products and services, today announced that it has completed its acquisition of the Warranty Management Group business from GE Consumer & Industrial, a unit of General Electric (NYSE:GE). The acquisition was completed on September 26, 2008. As part of the agreement, Assurant also entered into a new 10-year agreement to market extended warranties and service contracts on GE-branded major appliances in the United States. In 2003, Assurant Solutions and GE, two respected leaders in the extended service contract market, entered into an alliance whereby Assurant offered extended warranties directly to GE appliance purchasers and through leading retailers for consumer electronics, computers, appliances and other goods and services. Assurant will also assume full responsibility for operating the extended warranty business it previously co-managed and
    Full story
  • State Farm, Assurant Health Renew National Distribution Alliance

    Sep 24, 2008, 09:00 AM by User Not Found
    Milwaukee, WI - September 24, 2008 - State Farm Insurance® and Assurant Health have renewed the national marketing alliance that makes Assurant Health's individual medical insurance products available through State Farm agents nationwide. The original alliance became official in July 2000 and marked the first time that State Farm had joined forces with a national health insurance provider. Highlights of the renewed marketing alliance include: A ten-year term with the option for either company to exit the alliance after five years.  A marketing program that will expand sales opportunities for both State Farm agents and their licensed staff. "Over the past eight years, our alliance with Assurant Health has helped us meet the needs of our customers," said State Farm Executive Vice President, Administrative Officer – Life and Vice President – Health, Susan Waring, "The alliance allows us to offer a complete portfolio of quality individual medical insurance products – from traditional
    Full story
  • Assurant Estimates Impact of Recent Hurricane Activity; Financial Market Developments

    Sep 17, 2008, 09:00 AM by User Not Found
    NEW YORK, Sept. 17, 2008 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, today released an estimate of losses resulting from hurricanes Gustav and Ike as well as the impact of the recent financial market developments on certain holdings within its investment portfolio. Robert B. Pollock, Assurant's president and chief executive officer, said: "While Assurant has not been immune to the recent turmoil befalling the U.S. financial markets or an active hurricane season, we continue to have a solid balance sheet, a strong excess capital position, a conservative disciplined investment philosophy and a unique specialty business model that will continue to deliver long term value to our shareholders." Hurricane Experience To date, Assurant has incurred paid and case reserves of approximately $21 million on hurricane Gustav, and estimates total claims to be in the range of $40 to $60 million. The Company
    Full story
  • Assurant to Acquire GE Consumer & Industrial's Warranty Management Group

    Sep 4, 2008, 09:00 AM by User Not Found
    NEW YORK, September 4, 2008 - Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialized insurance and insurance-related products and services, today announced that it has signed a definitive agreement with GE Consumer & Industrial, a unit of General Electric (NYSE: GE), for Assurant to acquire GE's Warranty Management Group (WMG) business, a unit that markets and sells extended warranties and service contracts for major appliances and consumer electronics. As part of the definitive agreement, Assurant will also enter into a new 10-year agreement to market extended warranties and service contracts on GE-branded major appliances domestically. In 2003, Assurant Solutions and GE, two respected leaders in the extended service contract market, entered into an alliance whereby Assurant offered extended warranties directly to GE appliance purchasers and through  leading retailers for consumer electronics, computers, appliances and other goods and services.
    Full story
  • Assurant Appoints Jay M. Cohen Senior Vice President and Chief Compliance Officer

    Aug 25, 2008, 09:00 AM by User Not Found
    NEW YORK, August 25, 2008 -- Assurant, Inc., a premier provider of specialty insurance and insurance-related products and services, announced today that it has appointed Jay M. Cohen to the position of senior vice president and chief compliance officer effective immediately.
    Full story
  • Assurant Announces Two Executive Appointments

    Aug 13, 2008, 09:00 AM by User Not Found
    NEW YORK, Aug. 13, 2008 -- Assurant, Inc., a premier provider of specialty insurance and insurance-related products and services, announced today that Jane Meyer has been appointed senior vice president, human resources, and Allen Walker has been appointed senior vice president, organizational development and corporate communications effective immediately. Both positions are newly created.
    Full story
  • Assurant Board of Directors Declares Quarterly Dividend of $0.14 per Share

    Aug 12, 2008, 09:00 AM by User Not Found
    NEW YORK, August 12, 2008 -- Assurant, Inc., a premier provider of specialty insurance and insurance-related products and services, announced today that its board of directors has declared a quarterly dividend of $0.14 per common share.
    Full story