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 Atlanta, Georgia.

What is Assurant’s revenue?

Assurant disclosed revenue of 11,132M USD for 2023 and 10,193M USD for 2022.

How many employees does Assurant have?

Assurant has 13,600 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.

260 Interstate North Circle SE,
Atlanta, Georgia 30339
United States,
(770) 763-1000
www.assurant.com

Assurant is a provider of specialty insurance products in the U.S. and in 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 Atlanta, Georgia.


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
  Ohio 1 - - -
  New Jersey 1 - - -
  Nebraska 1 45M - -
  Maryland 1 - - -
  Illinois 1 2.5B - -
  Idaho 1 125M - -
  California 1 - - -
  Tennessee 1 43M - -
  South Dakota 1 200M - -
  Pennsylvania 1 250M - -
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

11,132   10% 2023
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

13,600

Established

1892

Public

NYSE: AIZ

Former Name

Fortis, Inc.

 Subscribe to unlock this and 207,963
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.6K Private Equity Firms
  • 200K M&A Transactions
  • 203K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.6K M&A Advisors
    (Investment Banks and Law Firms)
  • 81K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Related Lists for Assurant

Georgia Companies , Insurance Companies , United States Companies , Georgia Insurance Companies , Georgia Insurance with Acquisitions , Georgia Insurance with Divestitures

Related Lists for Georgia Companies

Largest Georgia Companies , Acquisitive Georgia Companies , Recently Acquired Georgia Companies , Recently Sold Georgia Companies , Private Georgia Companies , Public Georgia Companies , Acquired Georgia Companies , PE Backed Georgia Companies

Related Lists for Insurance Companies

Largest Insurance Companies , Acquisitive Insurance Companies , Recently Acquired Insurance Companies , Recently Sold Insurance Companies , Private Insurance Companies , Public Insurance Companies , Acquired Insurance Companies , PE Backed Insurance Companies

Related Lists for United States Companies

Largest United States Companies , Acquisitive United States Companies , Recently Acquired United States Companies , Recently Sold United States Companies , Private United States Companies , Public United States Companies , Acquired United States Companies , PE Backed United States Companies
Mergr

Product

Company

Legal