Assurant, Inc. (NYSE: AIZ) reported that mobile trade-in programs returned $1.43 billion to U.S. consumers in the second quarter of 2026. The data highlights a structural shift in upgrade behavior as consumers hold onto devices longer to offset rising costs.

Key Metrics from Q2 2026

The company’s Q2 Mobile Trade-In and Upgrade Industry Trends Report revealed significant changes in device lifecycle management:

• Average age of iPhones turned in surpassed four years for the first time.
• iPhone 13 was the top turned-in device overall.
• Galaxy S23 Ultra led Android trade-ins.
• Apple Ultra 3 smartwatches delivered an average trade-in value of $341.

What the Numbers Show

The convergence of record-high trade-in values ($1.43 billion) and extended device retention (average age >4 years) indicates a maturing secondary market. Consumers are not simply delaying upgrades; they are actively leveraging older, high-value devices to subsidize new purchases. This suggests that trade-in programs have transitioned from a peripheral convenience to a core component of consumer affordability strategies, particularly as new device component costs rise.

Market Context

Biju Nair, EVP and President of Global Connected Living at Assurant, noted that component costs continue to pressure new device prices. He emphasized that trade-in timing is critical for consumers seeking to offset these costs. Assurant’s capabilities in repair, logistics, and recommerce allow clients to recover more device value and return quality devices to the market.

Emily Herbert, senior analyst at Counterpoint Research, stated that strong demand for high-quality refurbished smartphones supports healthy trade-in values. She highlighted that trade-ins supply necessary inventory for the refurbished market, benefiting consumers, manufacturers, and the environment by reducing electronic waste.

As replacement cycles lengthen, Assurant continues to support device ownership through protection, repair, and resale services for wireless carriers, retailers, and manufacturers.

Assurant Inc. (NYSE: AIZ) declared a quarterly dividend of $0.88 per share of common stock. The Board of Directors set the payment date for September 28, 2026, targeting stockholders who hold shares as of the close of business on August 31, 2026.

Dividend Details

The payout reflects the company’s current capital allocation strategy for its global protection services business, which covers connected devices, homes, automobiles, and commercial equipment.

Future Outlook

Future dividend declarations remain at the discretion of the Assurant Board of Directors. These decisions will be contingent upon the company’s earnings, financial condition, capital requirements, future prospects, regulatory restrictions, and other relevant considerations.