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Slide #17. Assurant, Inc. — Lifestyle Services Group
Assurant, Inc. (NYSE:AIZ)
Lifestyle Services Group
Assurant, Inc. (NYSE:AIZ), a premier provider of specialty insurance and insurance-related products and services, announces an agreement to purchase Lifestyle Services Group, a mobile phone insurance provider, for up to $160 million (GBP 107 million) in cash from Phones 4u Finance plc.
Assurant is a holding company. Through its subsidiaries, Co. is a provider of lifestyle and housing solutions. Co. operates in North America, Latin America, Europe and Asia Pacific through three segments: Global Lifestyle, which provides mobile device solutions and extended service products and related services for consumer electronics and appliances; Global Housing, which provides lender-placed homeowners insurance, lender-placed manufactured housing insurance and lender-placed flood insurance; renters insurance and related products and voluntary manufactured housing insurance; and Global Preneed, which provides pre-funded funeral insurance, final need insurance and related services.
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Strong Buy (3.50 out of 4)