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Assurant's CEO, Alan Colberg, has been leading the company since 2011. He has over 30 years of experience in the insurance industry.
Under Colberg's leadership, Assurant has made significant strides in innovation and growth. The company has invested heavily in digital transformation, resulting in improved customer experiences and increased efficiency.
Assurant's financial performance under Colberg's leadership is impressive, with the company reporting a 25% increase in revenue between 2015 and 2017. This growth is a testament to Colberg's strategic vision and leadership.
Colberg's tenure has also seen significant changes in Assurant's leadership structure, with the company appointing several new executives to key positions.
Explore further: Assurant Lawsuit
Key Performance Metrics
Assurant's CEO has a strong track record of driving growth and profitability. The company has consistently delivered solid financial results under their leadership.
One key performance metric is the return on equity (ROE), which has averaged around 14% over the past few years. This indicates a strong ability to generate profits from shareholder equity.
The company's operating margin has also been a key focus area, with a goal of achieving a 10% margin by 2025. This will be achieved through a combination of cost savings and revenue growth initiatives.
By focusing on these key metrics, Assurant's CEO has been able to drive sustained growth and profitability for the company.
For your interest: Benefits of a Captive Insurance Company
Sales by Region
Sales by Region is a crucial metric for companies like Assurant, Inc. to track their performance. The company's sales have been steadily growing in the United States.
Assurant's sales in the United States have increased from $7.88 billion in 2019 to $8.39 billion in 2022. This represents a growth of about $500 million over the three-year period. However, it's worth noting that the growth rate has slowed down in recent years.
The company's international sales have been on a declining trend. Assurant's international sales decreased from $2.2 billion in 2019 to $1.84 billion in 2023. This represents a decline of about $360 million over the four-year period.
Here's a breakdown of Assurant's sales by region:
Fiscal Period | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
United States | $7.88B | $8.03B | $8.32B | $8.39B | $9.3B |
International | $2.2B | $2.06B | $1.86B | $1.81B | $1.84B |
Managers: Inc
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Let's take a look at the managers at Assurant, Inc. and how their experience and tenure can impact key performance metrics.
Keith Demmings, the CEO, has been in his role since December 2021, bringing over 20 years of experience to the table.
Assurant, Inc. has a strong leadership team with a good balance of age and experience. Keith Meier, the Director of Finance/CFO, has been with the company since November 2023, and Francesca Luthi, the Chief Administrative Officer, has been in her role since July 2020.
Here's a breakdown of the managers at Assurant, Inc.:
Name | Title | Age | Since |
---|---|---|---|
Keith Demmings | CEO | 52 | 2021-12-31 |
Keith Meier | DFI | 55 | 2023-11-14 |
Francesca Luthi | ADM | 49 | 2020-07-14 |
Vadim Lipovetsky | CIO | - | 2020-08-11 |
Joseph Surber | CTO | - | 2018-12-31 |
The ages of the managers range from 49 to 55, with an average age of 51.5 years old, which is relatively high for a leadership team.
Key Information
The CEO's compensation package is a significant aspect of any company's key performance metrics. The CEO's salary is a whopping $10.3m, which is a substantial amount.
The CEO's salary percentage is 9.7%, which indicates that a significant portion of the company's expenses go towards the CEO's compensation. This is a notable figure.
Additional reading: Bcbs Ceo Salary
The CEO has been in their position for 3.6 years, which is a relatively short tenure. This could indicate a high turnover rate or a rapidly changing leadership landscape.
The management team, on the other hand, has an average tenure of 3.9 years, which is slightly longer than the CEO's tenure. This suggests that the management team is relatively stable.
The board of directors, however, has an average tenure of 5.1 years, which is significantly longer than both the CEO and management team. This indicates a high level of continuity and stability in the board's decision-making process.
Here's a summary of the key information:
Key Metric | Value |
---|---|
CEO salary | $10.3m |
CEO salary percentage | 9.7% |
CEO tenure | 3.6yrs |
Management average tenure | 3.9yrs |
Board average tenure | 5.1yrs |
Frequently Asked Questions
Who is the new CEO of Assurant?
The current President & CEO of Assurant is Keith Demmings. He was recently recognized by The CEO Forum Group as a top 10 business leader in America for 2024.
Where is Assurant corporate headquarters?
Assurant's corporate headquarters is located in Atlanta, GA. The exact address is 260 Interstate North Cir SE, Atlanta, GA 30339.
Sources
- https://en.wikipedia.org/wiki/Assurant
- https://www.marketscreener.com/quote/stock/ASSURANT-INC-11600/company/
- https://www.linkedin.com/posts/gaylelantz_leadership-assurant-transformation-activity-7174077596169572352-PAZl
- https://simplywall.st/stocks/mx/insurance/bmv-aiz/assurant-shares/management
- https://www.reinsurancene.ws/demmings-to-succeed-colberg-as-assurant-ceo/
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