Assurant - M&A Summary and Business Overview

InsuranceCompany

Assurant M&A Summary

Assurant has acquired 17 companies, including 6 in the last 5 years. A total of 3 acquisitions came from private equity firms. It has also divested 4 assets.

Assurant’s largest acquisition to date was in 2017, when it acquired The Warranty Group for $2.5B. It’s largest disclosed sale occurred in 2021, when it sold Assurant - Global Preneed to CUNA Mutual Group for $1.3B. Assurant has acquired in 13 different US states, and 3 countries. The Company’s most targeted sectors include insurance (36%) and business services (24%).

Assurant Business Overview

Where is Assurant headquartered?

Assurant is headquartered in New York, New York.

What is Assurant’s revenue?

Assurant disclosed revenue of 10,193M USD for 2022 and 10,188M USD for 2021.

How many employees does Assurant have?

Assurant has 13,700 employees.

What sector is Assurant in?

Assurant is an insurance company.

When was Assurant founded?

Assurant was founded in 1892.

M&A Summary

  • M&A Total Activity21
    • M&A Buy Activity17
    • M&A Sell Activity4
  • Total Sectors Invested 5
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 13
  • M&A Advisors 5

Assurant

Assurant, Inc.

55 Broadway, Suite 2901,
New York, New York 10006
United States,
(212) 859-7000
www.assurant.com

Assurant is a provider of specialty insurance products in the U.S. and select worldwide markets. The company operates its business through four business segments: Assurant Employee Benefits, Assurant Health, Assurant Solutions and Assurant Specialty Property. Assurant was incorporated in 1969 and is based in New York City.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (1.0/yr) # 12 4 - - - 1 17
vol $3.3B $43M $3.3B
Sell (0.2/yr) # 3 - 1 - - - 4
vol $975M $1.3B $2.3B
  21

Most Recent M&A

Company Date Value Type
iSmash 2024-04-04 - Add-on Acquisition
London, United Kingdom · www.ismash.com
Assurant, Inc. - Global Preneed 2021-03-09 1.3B USD Divestiture
New York, New York
EPG Insurance, Inc. 2020-12-17 43M USD Add-on Acquisition
Memphis, Tennessee · www.epgins.com
HYLA Mobile, Inc. 2020-10-28 - Add-on Acquisition
Irving, Texas · www.hylamobile.com
Asurvest, Inc. 2020-08-17 - Add-on Acquisition
Baltimore, Maryland · www.fixt.co
American Financial & Automotive Service, Inc. 2020-05-05 - Add-on Acquisition
The Woodlands, Texas · www.afasinc.com
MMI-CPR LLC 2019-10-31 - Add-on Acquisition
Independence, Ohio · www.cellphonerepair.com
Assurant Mortgage Solutions Group 2018-08-02 35M USD Divestiture
Indianapolis, Indiana · www.assurantmortgagesolutions.com
The Warranty Group, Inc. 2017-10-18 2.5B USD Add-on Acquisition
Chicago, Illinois · www.thewarrantygroup.com
Olivar Co. Ltd. 2017-02-10 - Add-on Acquisition
Gyeonggi-do, South Korea
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
Assurant Solutions    - CWI Group SAS 2014-10-27 3
Atlanta, Georgia · www.assurantsolutions.com Aix-en-Provence, France · www.cwisas.com
Assurant Specialty Property    - American Reliable Insurance Co. 2014-10-17 1
Atlanta, Georgia · www.assurantspecialtyproperty.com Scottsdale, Arizona · www.assurantspecialtyproperty.com/aric
Assurant Specialty Property    - Field Asset Services 2013-10-01 1
Atlanta, Georgia · www.assurantspecialtyproperty.com Austin, Texas · www.fieldassets.com

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 6 (35%) 3.0B (91%) 1 (25%) 940M (41%)
Financial Services 3 (18%) - 3 (75%) 1.3B (59%)
Business Services 4 (24%) 295M (9%) - -
Consumer Services 2 (12%) - - -
Internet Software and Services 2 (12%) - - -
Total 17 $3.3B 4 $2.3B

By Geo

State/Country Buy Value Sell Value
United States 14 3.2B 4 2.3B
  New York 1 - 2 1.3B
  Texas 2 - - -
  Indiana 1 - 1 35M
  Tennessee 1 43M - -
  South Dakota 1 200M - -
  Pennsylvania 1 250M - -
  Ohio 1 - - -
  New Jersey 1 - - -
  Nebraska 1 45M - -
  Maryland 1 - - -
  Illinois 1 2.5B - -
  Idaho 1 125M - -
  California 1 - - -
United Kingdom 2 165M - -
South Korea 1 - - -
Domestic 14 (82%) 3.2B (95%) 4 (100%) 2.3B (100%)
Cross-border 3 (18%) 165M (5%) - -
Total 17 $3.3B 4 $2.3B

Top M&A Advisors

Financial Deals
Barclays Investment Bank
 2
Goldman Sachs
 1
Morgan Stanley
 1
Legal Deals
Willkie Farr & Gallagher
 2
Debevoise & Plimpton
 1

Deal Values

buy # Total
> $1B 1 $2.5B
$100M to $1B 4 $740M
< $100M 2 $88M
TOTAL $3.3B
Largest The Warranty Group, Inc.
$2.5B (2017-10-18)
sell # Total
> $1B 1 $1.3B
$100M to $1B 1 $940M
< $100M 1 $35M
TOTAL $2.3B
Largest Assurant, Inc. - Global Preneed
$1.3B (2021-03-09)

M&A Connections

Deals
Acquired from
Investor(s)
18%
3 (18%)
Strategic(s)
35%
6 (35%)
Divested to
Strategic(s)
100%
4 (100%)

Company Summary

SECTOR

Insurance

Revenue

10,193   1% 2022
10,188   2% 2021
10,084   1% 2020
10,073   26% 2019
8,058   26% 2018
6,415   15% 2017
7,532   28% 2016
10,325   1% 2015
10,382   15% 2014
9,047   7% 2013
8,508   2012
(millions of USD) Show More Show Less

Employees

13,700

Established

1892

Public

NYSE: AIZ

Former Name

Fortis, Inc.

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