Assurant, Inc. (AIZ) in New York City is a global leader in business services supporting, protecting, and connecting major consumer transactions. Assurant is a Fortune 300 company with operations in 21 countries. It contributes to the advancement of the connected world by collaborating with the world's leading brands to develop innovative solutions and provide an enhanced customer experience via mobile device solutions, extended service contracts, vehicle protection services, renters insurance, lender-placed insurance products, and other specialty products.
The stock has gained 12.3% in price over the past year and 14.5% year-to-date to close yesterday's trading session at $178.49. Also, the stock has outperformed the benchmark S&P 500 index's 18.1% decline year-to-date. AIZ recorded net operating income per share of $3.75 in the first quarter of 2022. Its revenues have climbed by 4.6% year-over-year to $2.5 billion. Its net investment income increased 13.1% from the prior-year quarter to $86.3 million. And its adjusted EBITDA increased 13% year-over-year to $217.4 million due to solid performance in the Connected Living and Global Automotive segment.
