Tag: Assurant

Catching up with Batesville and Assurant
Finance

Catching up with Batesville and Assurant

Hillenbrand Industries, parent company of Batesville Casket Company and Assurant, the financial services company that counts it Global Preneed business among its three divisions both reported financial results during early May and we now bring you those results. Batesville Casket, which represents about 20% of the total revenue of Hillenbrand Industries reported an increase of about 1% in revenue for their 2nd Quarter 2020 which encompassed the January 2020 thru March 2020 period.  According to their report, that you can […]

Investors seem wary of death care stocks
Finance

Investors seem wary of death care stocks

We last brought our readers an update on the Funeral Director Daily Death Care Index (DCI) on April 6, 2020, which represented values as of the close of business on Friday, April 3.  As we tell national publications that call us about our DCI, it is not a scientific weighting of public companies in the death care business, but does give some semblance to what the investment community is thinking about the funeral, cemetery, crematory, and preneed services business community […]

Assurant reports 3rd Quarter 2019
Finance Preneed

Assurant reports 3rd Quarter 2019

Assurant is a leading global provider of housing and lifestyle solutions that support, protect and connect major consumer purchases.  In relation to the death care industry they are a provider of pre-need or what they call “pre-funded funeral insurance”.  Assurant is a Fortune 500 company with a presence in 21 countries. They recently reported their 3rd Quarter results for 2019 and you can see them here.  In those results they reported $104.8 million of operating income of which $7.4 million […]

Death Care investments have been good in 2019
Finance

Death Care investments have been good in 2019

Funeral Director Daily tracks its proprietary Death Care Index or DCI periodically.  The DCI is a group of eight publicly traded company stocks that each have some skin in the death care industry or profession.  They range from companies involved in death care services to companies who manufacture things like crematories, to companies involved in the sale of preneed funeral insurance. The eight companies that compose the DCI include Service Corporation International (SCI), Carriage Services, Park Lawn Corporation, Hillenbrand Industries, […]

StoneMor Partners, Assurant file Earnings Reports
Finance

StoneMor Partners, Assurant file Earnings Reports

Both StoneMor Partners and Assurant filed earnings reports in the last couple of days.  Both companies are members of the Death Care Index  (DCI) of publicly traded companies. StoneMor, which has had permission to file some reports on a delayed term, filed their report for the three months ending June 30, 2018.  For that three month time period they report that they had revenues of $81.6 million and a 2nd quarter net loss of $17.0 million.  That compares on a […]

Assurant posts higher Preneed Sales and Profits
Finance

Assurant posts higher Preneed Sales and Profits

Assurant Preneed, a component of Assurant, posted higher revenue and higher profits in their 3Q 2018 results that were made public after the market on Tuesday.  You can read the company’s press release on its earnings report here. Assurant, a member of the Death Care Index (DCI), operates a world-wide conglomerate composed of three segments — Global Housing, Global Lifestyle, and Global Preneed.  The entire company has posted solid financials in 2018 reporting a $216.5 million profit for the first […]

The Death Care Index and an Upwards Earning Trend
Finance

The Death Care Index and an Upwards Earning Trend

Funeral Director Daily has established the DCI or Death Care Index for eight publicly traded companies that operate in the death care industry.  The companies, all headquartered in North America, operate in the financial (preneed) sector, the manufacturing (caskets and monuments) sector, or the retail (funeral home and cemetery) sector. The companies include Security National Financial Corporation, Service Corporation International, Hillenbrand Industries, Matthews International, Assurant, StoneMor Partners, Carriage Services, and Park Lawn Corporation.  The last time we tracked the stocks […]

Assurant Reports Higher Preneed Profits
Finance Preneed

Assurant Reports Higher Preneed Profits

Assurant reported their 2nd Quarter results last week.  You can read their report here. The worldwide conglomerate operating in the insurance and warranty business has one of its three business segments that operates in what they call “Global Preneed”.  That is the part of the company that we at Funeral Director Daily like to review. As an entire company Assurant reported operating profits of over $121 million for the quarter as compared to $90.5 million for the 2nd Quarter 2017.  […]

Checking in on the Death Care Index
Finance

Checking in on the Death Care Index

Part of what we try to do at Funeral Director Daily is to keep you updated on all things funeral service.  One of the ways we do that is by watching what is happening with the publicly held death care community stocks.  Here are the stocks that we check up on regularly and compute the Death Care Index or DCI by computing what would be the composite price of the group if you held one share of each. Security National […]

A.M. Best Affirms Assurant Pre-Need Carrier Ratings
Finance

A.M. Best Affirms Assurant Pre-Need Carrier Ratings

In a release from A.M. Best that you can read here the company has affirmed the Financial Strength Rating (FSR) and the Long-Term Credit Ratings (ICR) of the life and health subsidiaries of Assurant, Inc.  The FSR rating was affirmed at A- (Excellent) and the ICR rating was a-.  The company’s outlook was listed as Stable. The life and health subsidiaries of Assurant are composed of the company’s domestic and foreign preneed life insurance business as well as a portion […]