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Assurant Announces Q1 2020 Financial Results

Performance unaffected by COVID-19 pandemic

Posted by Brandon Zito

May 8, 2020

Warranty Informer

Assurant, Inc. (NYSE: AIZ), a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases, today reported results for the first quarter ended March 31, 2020.

We’ve suspended our 2020 outlook given the ongoing uncertainty regarding the duration of the pandemic and its impact on market conditions and consumer behavior

“I am exceedingly proud of the dedication and resiliency demonstrated by our more than 14,000 employees across the globe throughout the COVID-19 pandemic,” said Assurant President and CEO Alan Colberg. “Our swift response to safeguard our employees, provide continuous support to our customers and assist our local communities demonstrates our core values.”

Colberg continued, “First quarter results were solid and largely unaffected by COVID-19. And, while we believe our business and long-term fundamentals remain strong, we’ve suspended our 2020 outlook given the ongoing uncertainty regarding the duration of the pandemic and its impact on market conditions and consumer behavior. We will proactively monitor and manage through this unprecedented crisis to continue to deliver meaningful shareholder value over time.”

Read more at Assurant

Source: https://www.assurant.com

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