Assurant Management

Management criteria checks 3/4

Assurant's CEO is Keith Demmings, appointed in May 2021, has a tenure of 2.92 years. total yearly compensation is $10.33M, comprised of 9.7% salary and 90.3% bonuses, including company stock and options. directly owns 0.15% of the company’s shares, worth $13.30M. The average tenure of the management team and the board of directors is 3.3 years and 6.7 years respectively.

Key information

Keith Demmings

Chief executive officer

US$10.3m

Total compensation

CEO salary percentage	9.7%
CEO tenure	2.9yrs
CEO ownership	0.2%
Management average tenure	3.3yrs
Board average tenure	6.7yrs

Recent management updates

Recent updates

Assurant: My Peter Lynch Story, But The Stock Is A Hold

Jan 11

Assurant's (NYSE:AIZ) Shareholders Will Receive A Bigger Dividend Than Last Year

Nov 17

Assurant announces cost-cutting plan, expects $55M in annual run rate savings by 2024-end

Dec 13

Assurant's (NYSE:AIZ) Upcoming Dividend Will Be Larger Than Last Year's

Nov 14

Assurant Non-GAAP EPS of $1.01 beats by $0.01, revenue of $2.55B misses by $50M

Nov 01

Assurant Has Become Undervalued

Oct 04

Assurant and T-Mobile enter a multi-year agreement for device protection solutions

Sep 26

Assurant Non-GAAP EPS of $2.95 misses by $0.23, revenue of $2.51B misses by $120M

Aug 02

Assurant Likely To Remain A Safe Haven In The Ongoing Bear Market

Jul 10

I Ran A Stock Scan For Earnings Growth And Assurant (NYSE:AIZ) Passed With Ease

Jun 13

Do Assurant's (NYSE:AIZ) Earnings Warrant Your Attention?

Mar 15

Do Not Sell Assurant, Despite Its Rally This Year

Jul 02

Assurant acquires remaining shares of Olivar, terms undisclosed

Jun 16

CEO Compensation Analysis

How has Keith Demmings's remuneration changed compared to Assurant's earnings?
Date	Total Compensation	Salary	Company Earnings
Dec 31 2023	US$10m	US$1m	US$643m
Sep 30 2023	n/a	n/a	US$528m
Jun 30 2023	n/a	n/a	US$345m
Mar 31 2023	n/a	n/a	US$241m
Dec 31 2022	US$8m	US$988k	US$277m
Sep 30 2022	n/a	n/a	US$333m
Jun 30 2022	n/a	n/a	US$476m
Mar 31 2022	n/a	n/a	US$611m
Dec 31 2021	US$4m	US$637k	US$598m
Sep 30 2021	n/a	n/a	US$589m
Jun 30 2021	n/a	n/a	US$521m
Mar 31 2021	n/a	n/a	US$494m
Dec 31 2020	US$3m	US$544k	US$500m
Sep 30 2020	n/a	n/a	US$509m
Jun 30 2020	n/a	n/a	US$366m
Mar 31 2020	n/a	n/a	US$346m
Dec 31 2019	US$3m	US$529k	US$284m

Compensation vs Market: Keith's total compensation ($USD10.33M) is about average for companies of similar size in the US market ($USD8.45M).

Compensation vs Earnings: Keith's compensation has increased by more than 20% in the past year.

CEO

Keith Demmings (50 yo)

2.9yrs

Tenure

US$10,331,024

Compensation

Mr. Keith Warner Demmings has been President of Assurant, Inc. since May 18, 2021 and serves as its Chief Executive Officer and Director since January 1, 2022. Mr. Demmings is responsible for leading Assur...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Keith Demmings	President	2.9yrs	US$10.33m	0.15% $ 13.3m
Keith Meier	Executive VP & CFO	less than a year	US$3.63m	0.046% $ 4.1m
Francesca Luthi	Executive VP & COO	less than a year	US$2.89m	0.033% $ 3.0m
Robert Lonergan	Executive VP and Chief Marketing & Risk Officer	no data	US$2.49m	0.043% $ 3.8m
Michael Campbell	Executive VP & President of Global Housing	7.8yrs	US$2.49m	0.050% $ 4.4m
Vadim Lipovetsky	Chief Investment Officer	3.7yrs	no data	no data
Dimitry DiRienzo	Senior VP	3.6yrs	no data	0.011% $ 984.5k
Joseph Surber	Senior VP & Global Technology Officer	5.3yrs	no data	no data
Sean Moshier	Vice President of Investor Relations	less than a year	no data	no data
Jay Rosenblum	Executive VP & Chief Legal Officer	4.2yrs	no data	0.021% $ 1.9m
Stacie Sherer	Vice President of Corporate Communications	no data	no data	no data
Subhashish Sengupta	Chief People Officer	less than a year	no data	no data

3.3yrs

Average Tenure

50yo

Average Age

Experienced Management: AIZ's management team is considered experienced (3.3 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Keith Demmings	President	2.3yrs	US$10.33m	0.15% $ 13.3m
Paget Alves	Independent Director	4.4yrs	US$260.01k	0% $ 0
Lawrence Jackson	Independent Director	14.8yrs	US$288.18k	0.019% $ 1.7m
Elaine Rosen	Independent Non-Executive Chair of the Board	15.2yrs	US$474.05k	0.019% $ 1.7m
Debra Perry	Independent Director	6.7yrs	US$288.78k	0% $ 0
Harriet Edelman	Independent Director	6.7yrs	US$286.28k	0% $ 0
Paul Reilly	Independent Director	12.8yrs	US$295.53k	0.0085% $ 754.3k
J. Carter	Independent Director	3.8yrs	US$260.01k	0.0037% $ 332.0k
Juan Cento	Independent Director	17.9yrs	US$265.18k	0.025% $ 2.2m
Sari Granat	Independent Director	1.9yrs	US$223.87k	0% $ 0
Robert Stein	Independent Director	12.5yrs	US$267.53k	0.0016% $ 144.3k
Ognjen Redzic	Independent Director	4.4yrs	US$265.13k	0% $ 0

6.7yrs

Average Tenure

67.5yo

Average Age

Experienced Board: AIZ's board of directors are considered experienced (6.7 years average tenure).

Assurant Management

Management criteria checks 3/4

Key information

Recent management updates

Assurant, Inc., Annual General Meeting, May 23, 2024

Assurant, Inc. Announces Board Resignations

Assurant, Inc. Appoints Keith Meier as Chief Financial Officer

Executive VP & CFO notifies of intention to sell stock

Insider recently sold US$529k worth of stock

Insider notifies of intention to sell stock

Recent updates

Assurant, Inc., Annual General Meeting, May 23, 2024

Assurant, Inc. (NYSE:AIZ) acquired Ismash Limited.

Full year 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Upcoming dividend of US$0.72 per share at 1.7% yield

Assurant, Inc. Announces Board Resignations

Assurant, Inc. Declares Quarterly Dividend, Payable on March 25, 2024

Price target increased by 7.5% to US$191

Assurant: My Peter Lynch Story, But The Stock Is A Hold

Assurant, Inc. to Report Q4, 2023 Results on Feb 06, 2024

Assurant's (NYSE:AIZ) Shareholders Will Receive A Bigger Dividend Than Last Year

Assurant, Inc. Appoints Keith Meier as Chief Financial Officer

Assurant, Inc. Declares Quarterly Dividend, Payable on December 18, 2023

Assurant, Inc. (NYSE:AIZ) announces an Equity Buyback for $600 million worth of its shares.

Consensus EPS estimates increase by 10%

Price target increased by 7.7% to US$182

Third quarter 2023 earnings: EPS and revenues exceed analyst expectations

Assurant: Rapid Growth And An Improving Portfolio

Assurant, Inc. to Report Q3, 2023 Results on Oct 31, 2023

Assurant, Inc. Introduces Carbon IQ, First Solution to Quantify CO2 Footprint of Individual Devices Throughout Lifecycle

Assurant Remains Cheaply Valued, Even After Its Rally

Assurant, Inc.(NYSE:AIZ) dropped from FTSE All-World Index (USD)

Upcoming dividend of US$0.70 per share at 2.0% yield

Executive VP & CFO notifies of intention to sell stock

Assurant, Inc. Declares Quarterly Dividend, Payable on September 18, 2023

New minor risk - Insider selling

Insider recently sold US$529k worth of stock

Insider notifies of intention to sell stock

Second quarter 2023 earnings: EPS and revenues exceed analyst expectations

Assurant, Inc. to Report Q2, 2023 Results on Aug 01, 2023

Assurant: Growth And Sticky Rate Hikes Reduce Upside, Downgrade To Hold

Executive VP & CFO notifies of intention to sell stock

Assurant, Inc.(NYSE:AIZ) dropped from Russell 1000 Growth Index

Senior VP recently sold US$99k worth of stock

Senior VP notifies of intention to sell stock

Upcoming dividend of US$0.70 per share at 2.1% yield

Assurant, Inc. Declares Quarterly Dividend, Payable on June 20, 2023

First quarter 2023 earnings: EPS in line with analyst expectations despite revenue beat

Upcoming dividend of US$0.70 per share at 2.1% yield

Senior VP recently sold US$69k worth of stock

Full year 2022 earnings: EPS misses analyst expectations

Assurant Q4 2022 Earnings Preview

Assurant, Inc. Declares Quarterly Dividend, Payable on March 20, 2023

Assurant declares $0.70 dividend

Assurant, Inc. to Report Q4, 2022 Results on Feb 07, 2023

Assurant Is Trading At A Nearly 5-Year Low Valuation Level

Assurant announces cost-cutting plan, expects $55M in annual run rate savings by 2024-end

Price target decreased to US$164

Upcoming dividend of US$0.70 per share

Assurant's (NYSE:AIZ) Upcoming Dividend Will Be Larger Than Last Year's

Assurant, Inc. Approves Quarterly Common Stock Dividend, Payable on December 19, 2022

Assurant Expands Availability, Coverage of Assurant EV One Protection? Vehicle Service Contract as EV Ownership Grows in U.S

Price target decreased to US$175

Third quarter 2022 earnings: EPS and revenues miss analyst expectations

Assurant Non-GAAP EPS of $1.01 beats by $0.01, revenue of $2.55B misses by $50M

Consensus forecasts updated

Assurant, Inc. to Report Q3, 2022 Results on Nov 01, 2022

Assurant Has Become Undervalued

Assurant and T-Mobile enter a multi-year agreement for device protection solutions

Upcoming dividend of US$0.68 per share

Consensus EPS estimates fall by 21%

Assurant, Inc. Declares Quarterly Dividend, Payable on September 19, 2022

Second quarter 2022 earnings: EPS and revenues miss analyst expectations

Assurant Non-GAAP EPS of $2.95 misses by $0.23, revenue of $2.51B misses by $120M

Assurant Likely To Remain A Safe Haven In The Ongoing Bear Market

Assurant, Inc. to Report Q2, 2022 Results on Aug 02, 2022

I Ran A Stock Scan For Earnings Growth And Assurant (NYSE:AIZ) Passed With Ease

Upcoming dividend of US$0.68 per share

Assurant, Inc. Declares Quarterly Dividend, Payable on June 20, 2022

First quarter 2022 earnings: EPS in line with expectations, revenues disappoint