Assurant
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…
Read MoreIn 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…
Read MoreWhile not specific to the death care portion of their industry, A.M. Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) for the U.S. property/casualty subsidiaries of Assurant, Inc. The credit rating company has also affirmed the Long-Term Issuer Credit Ratings of Assurant at bbb+. Best continues that the outlook of these Credit…
Read MoreFriday marked the stock market’s first “quadruple witching day” of 2018 so we thought it might be a good time to look at the performance of the death care industry stocks and how they performed in the first 2 1/2 months of the 2018 market. Funeral Director Daily’s Death Care Index or DCI is a…
Read MoreThe Funeral Director Daily Death Care Index (DCI) dropped roughly 2% for the month of January in contrast to the Dow Jones Industrial Average which recorded a 5.79% gain. The DCI, a composite total of eight death care industry public stocks, stood at $290.78 at the close on January 31 in comparison to its mark…
Read MoreIn a year when the stock market has been tremendously rewarding to those that were invested in it, the Funeral Director Daily Death Care Index (DCI) of public companies in the industry did not fare near as well. For the year from January 1, 2017 thru December 31, 2017, if you were invested in the…
Read MoreA net operating loss of $76.3 million was reported by global conglomerate Assurant yesterday. While two – Global Lifestyle and Global Preneed – of their three operating units posted profits, they were far outweighed by the losses in the Global Housing segment to produce the loss. The Global Housing unit loss of $110.3 million was…
Read MoreAssurant, a global leader in insurance coverage, covering things as diverse as appliances, autos, mobile devices, electronics, and funeral plans announced today that it will acquire The Warranty Group, a portfolio company of TPG Capital and restructure into a new organization still know as Assurant. Assurant plans to spend about $2.5 billion in cash, stock,…
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