Company Overview
Assurant, Inc. is a globally recognized leader in risk management solutions, focusing on the protection of connected devices, homes, and automobiles. Headquartered in Atlanta, the company partners with some of the world's top brands to deliver innovative protection solutions. As a Fortune 500 company, Assurant reported a revenue of $6 billion and manages assets worth $32 billion. Operating in 21 countries, Assurant serves over 300 million customers with the support of 13,000 employees, offering highly localized and specialized solutions.
Core Services and Products
Assurant is noted for its comprehensive risk management services, which encompass protection, customer support, service and repairs, risk management, and logistics. The company actively broadens its service offerings through ventures like Assurant Ventures, which invests in advanced technologies that facilitate connectivity and customer engagement in a digital world.
Recent Financial Performance
In 2023, Assurant demonstrated a strong financial performance with net income increasing by 132% to $642.5 million, alongside a 137% rise in earnings per share to $11.95. The company’s market capitalization is valued at $10.2 billion, and it reported trailing twelve-month revenue of $11.88 billion. Assurant’s operating margin was 9.08%, with a profit margin of 6.40%.
Leadership
The leadership team is spearheaded by Keith W. Demmings, President and CEO, who is instrumental in guiding Assurant's strategic growth initiatives. Manny Becerra, as Chief Innovation Officer, is pivotal in advancing Assurant's global innovation goals. Rebekah Biondo, Deputy Chief Financial Officer, plays a critical role in guiding the financial strategies for global operations.
Awards and Recognition
Assurant’s dedication to corporate responsibility and diversity has been recognized through multiple accolades such as inclusion in Newsweek's America’s Most Responsible Companies List for 2025 and receiving a perfect score on the Human Rights Campaign Foundation’s Corporate Equality Index. Assurant is also featured in Bloomberg’s 2023 Gender-Equality Index.
Commitment to Sustainability and Corporate Citizenship
Assurant prioritizes sustainability and equity by focusing on talent enhancement, product innovation, and minimizing its environmental impact from 2020 to 2025. The company emphasizes community engagement and employee support, underscoring its mission to be a responsible corporate citizen.
Competitor Profiling
Industry Overview
Assurant operates within the competitive insurance sector, offering mobile device protection, extended service contracts, and lender-placed home insurance. The company faces significant competition from various players distinguished by their market presence, product offerings, and financial performance.
Key Competitors
Asurion
Headquartered in Nashville, Tennessee, Asurion specializes in device protection and tech support. With over 23,000 employees and more than 700 service locations, Asurion partners with major brands like Verizon, AT&T, and Samsung to deliver enhanced product protection and customer satisfaction.
MetLife
MetLife is a global provider of insurance, annuities, and benefit programs, serving about 90 million customers in over 60 countries. It dominates markets in the United States, Japan, and across Latin America, Asia, and Europe, supported by robust financial ratings.
Allstate
As one of the largest publicly held personal lines insurers in the U.S., Allstate offers comprehensive insurance products for property, casualty, life, and health. With a focus on diversity and equity, Allstate ensures holistic protection for both individual and business clientele.
Lemonade
Based in New York, Lemonade operates as an insurtech company, using artificial intelligence to streamline insurance processes. Specializing in renters, homeowners, car, pet, and life insurance, Lemonade focuses on enhancing the customer experience through technology-driven operations.
State Farm
State Farm, the largest auto and home insurance provider in the U.S., covers over 94 million policies and accounts through 19,000 agents. Established in 1922, it offers a diverse portfolio including auto, fire, life, and health insurance, committed to managing everyday risks for clients.
