Latest news with #Assurant
Phone Arena
4 days ago
- Business
- Phone Arena
Can you guess which iPhone model was traded in the most last quarter?
Trade-in deals have become more popular among consumers, carriers, and retail stores. Driving the increased use of this option are deals that sound too good to be true. For example, a couple of years ago my wireless firm gave me $830 for my then-four-year-old iPhone 11 Pro Max toward the purchase of my iPhone 15 Pro Max. The result was a minor $10 per month increase in my monthly bill. For the third consecutive quarter, the top device used in trade-in and upgrade programs has been the iPhone 13. The Android phone most used in a trade, also for the last three quarters, has been the Samsung Galaxy S22 Ultra 5G. 5G-enabled phones made up four out of the top five phones used in a trade during Q1. The only model not 5G compatible on that list is the iPhone 11. Besides an increase in the number of trade-in and upgrade deals accepted by device buyers, the devices being used in these trades have been less than four years old on average which means that the consumer receives more money toward his/her purchase. Having said that, the age of the typical trade has been rising. The average age of an iPhone turned in for a trade-in and upgrade deal is 3.79 years while the average for an Android model is 3.93 years. These ages are the highest on record but, as we said, the age of devices being turned over in a trade-in and upgrade is still young enough for the consumer to receive enough credit from carriers and tech retailers to significantly help with the purchase of a new phone. Assurant comes to the conclusion that most consumers aren't thinking about trading in their newer handsets without receiving a special deal. That's because most phones used in a trade still run great while giving the majority of consumers everything they need from a smartphone.
Business Wire
4 days ago
- Automotive
- Business Wire
Assurant Partners with Ciocca Automotive to Provide Vehicle Protection Products, Dealership Development Support, and In-Dealership Training
ATLANTA--(BUSINESS WIRE)-- Assurant, Inc. (NYSE: AIZ), a premier global protection company that safeguards and services connected devices, homes, and automobiles in partnership with the world's leading brands, today announced a partnership with Ciocca Automotive, a growing automotive group with 54 dealerships spanning New Jersey and Pennsylvania. Through this collaboration, Ciocca Automotive now offers multiple Assurant vehicle protection products designed to protect their customers' new and used vehicle purchases. Beyond the Assurant Vehicle Care line of protection products, this partnership includes comprehensive support for dealership operations. Ciocca leadership, dealers, and employees benefit from the full suite of in-dealership training provided by Assurant Dealer Services. Assurant is also providing critical compliance support and driving the establishment of the organization's wealth-building structure. 'Ciocca Automotive is a top-notch organization with a customer-centric, growth-focused company mindset,' said Joe Amendola, VP Business Development & Strategy, Assurant Dealer Services. 'We look forward to being Ciocca's performance development partner, giving their customers peace-of-mind with industry-leading vehicle protection products.' 'We're already seeing the positive effects of working with Assurant,' said Mark Harrold, CEO, Ciocca Automotive. 'We appreciate Assurant's consultative approach in helping us identify and establish the appropriate participation model aligned with our organizational needs; that will help fuel our growth plans.' 'We knew Assurant had some of the best protection products in the industry, and that was quickly confirmed when our PVR [Per Vehicle Retail] went up within the span of a few short months,' added Christopher Sechrist, president of Ciocca Automotive. 'Beyond those products, we're taking advantage of their in-dealership development expertise, getting critical compliance support, and improving training throughout our stores with the help of the Assurant team.' About Assurant Global Automotive Assurant Global Automotive is a leading global solutions provider in the automobile and commercial equipment industries. Automotive industry partners span manufacturers, large group and independent dealers, agents, third-party administrators, financial institutions, insurance providers, and vehicle technology companies. With over 60 years of automotive industry experience, Assurant protects 55 million motor vehicles, including heavy trucks and heavy equipment. In 19 countries Assurant provides innovative automotive solutions like vehicle service contracts, guaranteed asset protection, and ancillary products, while providing dealer performance management and training, participation options, and more. Assurant Global Automotive is also a market leader in protection products for the commercial equipment industry, with more than 35 years of equipment protection expertise. Assurant provides a full suite of protection products and services for equipment dealers and financial institutions supporting commercial equipment. These include extended service protection plans, physical damage protection, guaranteed asset protection, automatic insurance, portfolio protection, insurance tracking services and more. About Assurant Assurant, Inc. (NYSE: AIZ) is a premier global protection company that partners with the world's leading brands to safeguard and service connected devices, homes, and automobiles. As a Fortune 500 company operating in 21 countries, Assurant utilizes data-driven technology solutions to provide exceptional customer experiences. Learn more at About Ciocca Automotive Ciocca Automotive operates 54 dealerships across New Jersey and Pennsylvania spanning 25 automotive brands. Ciocca also has collision centers, car buying centers and express service locations across New Jersey and Pennsylvania. Ciocca Automotive is a proud member of its communities, sponsoring and supporting numerous nonprofit organizations. Learn more here. ###
Associated Press
4 days ago
- Automotive
- Associated Press
Assurant Partners with Ciocca Automotive to Provide Vehicle Protection Products, Dealership Development Support, and In-Dealership Training
ATLANTA--(BUSINESS WIRE)--May 29, 2025-- Assurant, Inc. (NYSE: AIZ), a premier global protection company that safeguards and services connected devices, homes, and automobiles in partnership with the world's leading brands, today announced a partnership with Ciocca Automotive, a growing automotive group with 54 dealerships spanning New Jersey and Pennsylvania. Through this collaboration, Ciocca Automotive now offers multiple Assurant vehicle protection products designed to protect their customers' new and used vehicle purchases. Beyond the Assurant Vehicle Care line of protection products, this partnership includes comprehensive support for dealership operations. Ciocca leadership, dealers, and employees benefit from the full suite of in-dealership training provided by Assurant Dealer Services. Assurant is also providing critical compliance support and driving the establishment of the organization's wealth-building structure. 'Ciocca Automotive is a top-notch organization with a customer-centric, growth-focused company mindset,' said Joe Amendola, VP Business Development & Strategy, Assurant Dealer Services. 'We look forward to being Ciocca's performance development partner, giving their customers peace-of-mind with industry-leading vehicle protection products.' 'We're already seeing the positive effects of working with Assurant,' said Mark Harrold, CEO, Ciocca Automotive. 'We appreciate Assurant's consultative approach in helping us identify and establish the appropriate participation model aligned with our organizational needs; that will help fuel our growth plans.' 'We knew Assurant had some of the best protection products in the industry, and that was quickly confirmed when our PVR [Per Vehicle Retail] went up within the span of a few short months,' added Christopher Sechrist, president of Ciocca Automotive. 'Beyond those products, we're taking advantage of their in-dealership development expertise, getting critical compliance support, and improving training throughout our stores with the help of the Assurant team.' Learn more at Learn more here. ### View source version on CONTACT: Media Contact: David Biss [email protected] KEYWORD: GEORGIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: OTHER RETAIL PROFESSIONAL SERVICES FLEET MANAGEMENT DATA MANAGEMENT TRAINING GENERAL AUTOMOTIVE AFTERMARKET TECHNOLOGY AUTOMOTIVE EDUCATION RETAIL INSURANCE SOURCE: Assurant, Inc. Copyright Business Wire 2025. PUB: 05/29/2025 08:15 AM/DISC: 05/29/2025 08:15 AM
Business Wire
5 days ago
- Business
- Business Wire
Assurant Reports Mobile Trade-In Programs Returned $1.24 Billion to Consumers in Q1 2025,
ATLANTA--(BUSINESS WIRE)-- Assurant, Inc. (NYSE: AIZ), a premier global protection company that safeguards and services connected devices, homes, and automobiles in partnership with the world's leading brands, today released findings from the Assurant Q1 2025 Mobile Trade-In and Upgrade Industry Trends Report, which tracks the state and evolution of the secondary device market according to Assurant and industry data. The report highlights a significant year-over-year increase in the total value returned to consumers through trade-in programs, totaling $1.24 billion in the first quarter of 2025 – a 40-percent increase over the same period in 2024. While the average device age reached a record high of 3.82 years, Assurant's report also indicates that turned-in devices are trending toward newer smartphones, as trade-in programs continue to expand amid rising demand for AI-enabled devices. Additionally, toward the end of the first quarter of this year, macroeconomic uncertainty also drove more consumers to take advantage of trade-in programs and promotions. 'Through 2024, the adoption of new, highly capable AI devices caused an uptick in trade-in and upgrade programs. At the start of this year, amid economic uncertainty, affordability is now also playing more of a role in purchase decisions,' said Biju Nair, President, Global Connected Living & International at Assurant. 'We anticipate continued momentum in the secondary device market as these programs deliver value, help consumers access the latest technology at a lower cost, and support sustainable practices.' For the third consecutive quarter, the iPhone 13 was the most frequently traded-in device overall, while the Samsung Galaxy S22 Ultra 5G was the most traded-in Android device. This is a shift from the first half of 2024, when the iPhone 11 took the top spot overall, and highlights the increased share of 5G devices entering the secondary market. The influx of higher-end preowned smartphones into the secondary market offers consumers access to premium devices at more affordable prices, while also reducing electronic waste. This trend not only benefits the environment but also strengthens the secondary market by expanding the availability of highly sought-after devices. The Assurant Q1 2025 Mobile Trade-in and Upgrade Industry Trends Report is available for download here. About Assurant Assurant, Inc. (NYSE: AIZ) is a premier global protection company that partners with the world's leading brands to safeguard and service connected devices, homes, and automobiles. As a Fortune 500 company operating in 21 countries, Assurant leverages data-driven technology solutions to provide exceptional customer experiences. Learn more at
Washington Post
06-05-2025
- Business
- Washington Post
Assurant: Q1 Earnings Snapshot
ATLANTA — ATLANTA — Assurant Inc. (AIZ) on Tuesday reported first-quarter net income of $146.6 million. On a per-share basis, the Atlanta-based company said it had net income of $2.83. Earnings, adjusted for one-time gains and costs, were $3.39 per share.
