Assurant (AIZ) 10-K risk factor changes: FY2024 vs FY2023

Each of our Global Lifestyle and Global Housing segments receives a substantial portion of its [removed: revenue] [added: revenues] from a few clients.

Examples of important business arrangements include, [removed: at] [added: in] Global Lifestyle, exclusive and non-exclusive relationships with mobile service providers (including carriers, retailers, OEMs and cable operators), dealerships and agents, consumer electronics retailers, appliance retailers (including e-commerce retailers), and financial, insurance and other institutions through which we distribute our products and services.

[removed: At] [added: In] Global Housing, we have exclusive and non-exclusive relationships with mortgage lenders and servicers, manufactured housing lenders, property managers, and financial, insurance and other institutions.

In addition, our clients and other parties with whom we do business may change their strategic priorities or initiatives, including exiting or deprioritizing products, services, programs, distribution channels or lines of business that we service or [removed: support, or they may disintermediate us by developing internal capabilities, products or services that would allow them to service their clients without our involvement, which has][added: support.]

Furthermore, if one or more of our clients or distributors, for example in the [removed: wireless,] [added: mobile,] automotive or mortgage servicing markets, consolidate or align themselves with other companies with whom we do not do business, they may choose to utilize or distribute the products and services of our competitors, which [added: has occurred from time to time and] could materially reduce our revenues and profits.

There is a risk that [removed: purchasers] [added: clients or customers] may be able to obtain more favorable terms and offerings from competitors, vendors or other third parties, including pricing and technology.

As a result, competition may adversely affect the persistency of our policies, our ability to sell products and provide services, maintain client [removed: relationships,] [added: relationships (including significant clients),] and our revenues and results of operations, which has occurred from time to time.

Our competitive position may be impacted if we are unable to deploy, in [removed: a cost effective] [added: an effective, compliant] and competitive manner, technology such as artificial intelligence and machine learning, or if our competitors collect and use data [removed: which] [added: that] we do not have the ability to access or use.

[removed: In order to] [added: To] maintain a competitive position, we must continue to invest in new technologies and new ways to deliver our products and services.

As part of our strategy, we are developing new and innovative products and [removed: services,] [added: services] and enhancing existing offerings.

We are investing in technology, including artificial intelligence, and other capabilities [added: (such as our new Innovation and Device Care Center)] to continuously improve the customer and employee experience, while seeking to increase [removed: efficiencies.][added: efficiency.]

We will continue to incur expenses related to, among other things: investments in digital capabilities and large-scale, critical programs, such as [removed: technology, including global financial] [added: technology] systems and infrastructure; research and development of new products and capabilities; scaling our global operations, including accessing the global talent hubs such as through our Global [removed: Capabilities] [added: Capability] Centers; [removed: and] costs associated with the implementation of new contracts and businesses in runoff or which we have exited or which we expect to fully exit, including sharing [removed: economy, ,] [added: economy;] and improvements in operational efficiency.

In [removed: 2022 and 2023,] [added: recent years,] we announced restructuring initiatives that include realigning our organizational structure and talent to support our business strategy, [removed: which has resulted in severance] and [removed: employee benefits charges, and] accelerating ongoing real estate consolidation efforts to support work-from-home arrangements.

Our long-term strategy depends on successful operational execution and our ability to execute on our [removed: transformational] [added: growth] initiatives, including [removed: acquisitions,] [added: acquisitions and investments in organic growth,] combined with our ability to innovate and develop new products, achieve operating efficiencies, and attract and retain a global [removed: and diverse] workforce.

We believe that our future success depends in substantial part on our ability to attract, recruit, motivate, develop and retain a high-performing workforce, particularly those with specialized industry knowledge or within critical or in-demand areas such as sales, digital, customer experience, data and analytics, [added: AI] and supply chain, across our lines of businesses.

Doing so may be difficult due to many factors, including fluctuations in economic and [added: industry conditions; employee expectations; the effectiveness of our talent strategies and total rewards and wellbeing programs;]

[removed: industry conditions; employee expectations; the effectiveness of our talent strategies] and [removed: total rewards and wellbeing programs; and] fluctuations in the labor market, including rising wages and competition for talent, which has generally increased due to [removed: persistent] labor shortages and wage inflation.

In addition, the global talent market and shift to remote or hybrid work arrangements at many companies, including [removed: us,] [added: ours,] have significantly increased competition for highly-skilled personnel, who are no longer limited to opportunities within a particular geographic area, and may decrease employee engagement.

Acquisitions of businesses and divestitures of non-strategic businesses may not provide us with the benefits that we anticipate, [added: may] require significant effort and expenditures, and [added: may] entail numerous risks, difficulties and uncertainties.

If we experience a business continuity event, such as an earthquake, hurricane, flood, terrorist incident, pandemic, security breach, cybersecurity incident, power loss, telecommunications outage or other systems failure, or other disaster, our ability to continue operations will depend on an effective business continuity and disaster recovery plan, including the safety and continued availability of our [removed: personnel,] [added: personnel including key executives,] vendors and other third parties, and the proper functioning of our telecommunications and other systems and operations, including our device care centers and other facilities.

Our inability to successfully recover from a business continuity event could have a material adverse effect on our [added: business, financial condition and results of operations.]

[removed: See “ – Technology, Cybersecurity and Privacy] Risks – *The failure to effectively maintain and modernize our technology systems and infrastructure and integrate those of acquired businesses could adversely affect our business*.”

For example, we face the risk of [added: the imposition of sanctions, tariffs, trade barriers or other protectionist laws or business practices that favor local competition (including from the United States), increase costs and may otherwise adversely affect our business; inflation and foreign exchange rate fluctuations;] restrictions on currency conversion and the repatriation of non-U.S. investments and earnings; burdens and costs of compliance with a variety of foreign laws and regulations and the associated [removed: risk and costs of non-compliance, including reputational harm; exposure to undeveloped or evolving legal systems, which may result in]

[added: risk and costs of non-compliance, including reputational harm; exposure to undeveloped or evolving legal systems, which may result in] unpredictable or inconsistent application of laws and regulations, including export controls and exposure to commercial, political, legal or regulatory risks such as corruption; political, economic or other instability in countries in which we conduct business, including possible terrorist acts; [removed: the imposition of sanctions, tariffs, trade barriers or other protectionist laws or business practices that favor local competition, increase costs and may otherwise adversely affect our business; inflation and foreign exchange rate fluctuations;] diminished ability to enforce our contractual rights; increased risk of data breaches; differences in cultural environments; changes in regulatory requirements, including changes in regulatory treatment of certain products or services; exposure to local economic conditions and its impact on our clients’ performance and creditworthiness; and a competitive global labor market.

As we continue to scale our global operations and grow our international labor force within Global [removed: Capabilities] [added: Capability] Centers, our business becomes increasingly exposed to these and other risks, including where certain countries or regions have [removed: recently] experienced economic or political [removed: instability, such as in Argentina and Brazil.][added: instability.]

While we conduct diligence and screening for buyers of mobile devices that we sell, and [added: we] change buyers in our program based on diligence reviews, our mobile device buyers may not comply with applicable laws and regulations, including anti-money laundering laws.

We distribute many of our insurance products and services through a variety of channels, including service providers [removed: (including] [added: (such as] device carriers and cable operators), financial institutions, mortgage lenders and servicers, retailers, association groups, [removed: other third-party marketing organizations and, to a limited extent, our own captives and affiliated agents.]

Agents who distribute our products are typically not exclusively dedicated to us, but [added: they] also market the products of our competitors.

Losses are impacted by increases in inflation and supply chain disruptions that increase the cost of materials and labor required to settle claims, [removed: including] [added: primarily] in our Global Housing business.

[removed: *financial] [added: See “ – Macroeconomic, Political and Global Market Risks *– General economic, financial] market and political conditions and conditions in the markets in which we operate may materially adversely affect our results of operations and financial condition.*”

We use modeling tools that help estimate our probable losses, but these projections are based on historical data and other assumptions that may differ materially from actual events, and their reliability and predictive value may decrease as a result of climate [removed: change.]

The withdrawal of other insurers from these or other states may lead to adverse selection and increased use of our products in these areas, and [added: it] may negatively affect our loss experience and increase our costs.

From time to time, regulators, consumer advocacy groups, the media and individual customers may focus their attention on our products and services, [added: or on the broader industries in] which [added: we operate, which] may subject us to negative publicity.

In addition, there is increased [removed: investor] [added: stakeholder] and regulatory focus on sustainability matters, including [removed: diversity, equity and inclusion, and commitment to long-term sustainability] [added: workforce inclusion] and efforts related to climate.

Limited availability of credit, deteriorations of the global mortgage and real estate markets, declines in consumer confidence and consumer spending, including in Europe, increases in prices or in the rate of inflation, periods of high unemployment or labor shortages, persistently low or rapidly increasing interest rates, disruptive geopolitical events, including the Israel-Hamas war, China-Taiwan relations and supply chain disruptions, and other events outside of our control, such as a major epidemic or a pandemic, political or civil unrest, or the possibility of a U.S. government shutdown or default on its debt obligations, could contribute, and in some cases have contributed, to increased volatility and diminished expectations for the economy and the financial markets, including the market for our [removed: stock, and may materially adversely affect our business, results of operations and financial condition.][added: stock.]

This ability could be affected by various factors, including macroeconomic conditions; inflation; changes in the regulatory environment; changes in industry practices; changes in legal, social or environmental conditions; impacts from operational changes; new [added: products; and new] technologies or domestic or global supply chain or labor issues.

Climate change may make it more difficult to predict and model catastrophes, reducing our ability to accurately price our exposure to such events and mitigate [removed: risks.][added: risks, particularly in our Global Housing business.]

As of December 31, [removed: 2023,] [added: 2024,] our operations had a significant number of contracts that contain provisions that require the applicable subsidiaries to maintain minimum financial strength ratings, typically from A.M. Best, ranging from “A” or better to “B+” or better, depending on the contract.

For example, the interest rate payable on certain series of our senior notes is subject to increase if either [removed: of] S&P or Moody’s downgrades the credit rating assigned to such series of senior notes to BB+ or below or to Ba1 or below, respectively.

See Note [removed: 19] [added: 18] to the Consolidated Financial Statements included elsewhere in this Report for additional information on our senior notes and the impact of rating changes.

They may disintermediate us by developing internal capabilities, products or services that would allow them to service their clients without our involvement, which has

See “ – Technology, Cybersecurity and Privacy

other third-party marketing organizations and, to a limited extent, our own captives and affiliated agents.

change.

As stakeholder perceptions of sustainability continue to evolve, we may also face negative publicity based on certain “anti-ESG” sentiment.

In addition, there is uncertainty concerning potential and recent actions by the incoming U.S. administration, including increased or new tariffs that could increase the cost of claims, disrupt supply chains, and impact inflation.

Reserve adjustments have caused volatility in our reported results.

We also access the Florida Hurricane Catastrophe Fund (“FHCF”) to reinsure eligible Florida risks.

our customers, vendors and other third parties.

There is also significant uncertainty in the evolving regulatory regime relating to artificial intelligence, which may require substantial resources to modify and maintain business practices to comply with U.S. and non-U.S. laws.

For example, various states have adopted the National Association of Insurance Commissioners (NAIC)’s model bulletin, *The Use of Artificial Intelligence Systems by Insurers*.

Internationally, on December 8, 2023, the European Commission, the European Parliament and the European Council reached political agreement on the terms of the European Union Artificial Intelligence Act.

If we fail to comply with applicable laws and regulations, which occurs from time to time, we may be subject to investigations, criminal penalties, civil remedies or other adverse consequences, including fines, injunctions, loss of an

For example, the Corporate Alternative Minimum Tax (“CAMT”), part of the Inflation Reduction Act of 2022, imposes a 15% minimum tax on corporations with annual adjusted financial income exceeding $1 billion and an excise tax of 1% on stock repurchases of publicly traded U.S. corporations (“Applicable Corporation”).

Although we are not currently an Applicable Corporation, we are monitoring CAMT for future applicability.

While we do not currently expect a material tax impact in fiscal 2025, we are monitoring developments and evaluating the potential impact of Pillar Two on future years.

If we were unable for any reason to comply with any new or revised requirements, including the RSA, it could result in substantial costs to us and ongoing reporting and monitoring

business, financial condition and results of operations.

See “ – Macroeconomic, Political and Global Market Risks *– General economic,*

Reserve adjustments may cause volatility in our reported results, such as the reserve reductions in 2023 compared to reserve increases in 2022.

To a large extent, we do not currently hedge foreign currency risk.

In 2022, we identified and disclosed certain accounting errors.

We also access the Florida Hurricane Catastrophe Fund (“FHCF”) and the Reinsurance to Assist Policyholders (“RAP”) program to reinsure eligible Florida risks, with the FHCF providing coverage each year and the RAP program providing coverage for the 2023 wind season.

Premiums charged for reinsurance coverage increased significantly in 2023 but have moderated slightly in 2024.

For example, in 2022, the Inflation Reduction Act (the “IRA”), which introduced a 15% corporate alternative minimum tax applicable to corporations in certain situations and a 1% excise tax on corporate share repurchases, among other things, was enacted.

Compliance with the IRA may require the collection of information not regularly produced within the Company, the use of estimates in our Consolidated Financial Statements, the exercise of significant judgment in accounting for its provisions and increase costs.

As part of the OECD’s Global Pillar II rules, the OECD recommended a 15% global minimum tax on adjusted financial reported income.

The overall impact of the IRA and the OECD’s Global Pillar I and II rules is uncertain due to the ambiguities in the application of certain provisions, the impact of future guidance, interpretations or rules issued by government agencies and potential court decisions interpreting the legislation.

Future changes in tax laws, including changes in the application or interpretation of the IRA, the OECD’s Global Pillar I and II rules, or increases to the corporate tax rate, could have a material adverse impact on our results of operations and financial condition.

If we were unable for any reason to comply with any new or

[removed: *Segment Information*][added: Segment Information]

As of December 31, [removed: 2023,] [added: 2024,] we had two reportable operating segments which are defined based on the manner in which the Company’s chief operating decision maker, our CEO, reviews the business to assess performance and allocate resources, and which align to the nature of the products and services offered:

- Global Lifestyle: includes mobile device solutions (including extended service contracts, insurance policies and related services), extended service contracts and related services for consumer electronics and appliances, and [removed: credit] [added: financial services] and other insurance products (referred to as “Connected Living”); and vehicle protection services, commercial equipment services and other related services (referred to as “Global Automotive”); and

We define Adjusted EBITDA, our segment measure of profitability, as net income [removed: from continuing operations,] excluding net realized gains (losses) on investments and fair value changes to equity securities, non-core operations (which consists of certain businesses which we have fully exited or expect to fully exit, including the long-tail commercial liability businesses (sharing economy and small commercial businesses), [removed: as well as] certain legacy long-duration insurance policies and our operations in mainland [removed: China),] [added: China (not Hong Kong)),] restructuring costs related to strategic exit activities (outside of normal periodic restructuring and cost management activities), Assurant Health runoff operations, interest expense, provision (benefit) for income taxes, depreciation expense, amortization of purchased intangible assets, as well as other highly variable or unusual items.

The following discussion covers the year ended December 31, [removed: 2023] [added: 2024] (“Twelve Months [removed: 2023”)] [added: 2024”)] and the year ended December 31, [removed: 2022] [added: 2023] (“Twelve Months [removed: 2022”).][added: 2023”).]

Our comparative analysis of Twelve Months [removed: 2022] [added: 2023] and the year ended December 31, [removed: 2021] [added: 2022] is included under the heading “Item 7.

Management’s Discussion and Analysis of Financial Condition and Results of Operations” in our Annual Report on Form 10-K for the fiscal year ended December 31, [removed: 2022] [added: 2023] filed with the SEC on February [removed: 17, 2023.][added: 15, 2024.]

[removed: *Summary] [added: Summary] of Financial [removed: Results*][added: Results]

*Global Lifestyle net earned premiums, fees and other income* increased [removed: $499.5] [added: $405.9] million, or [removed: 6%,] [added: 5%,] to [removed: $8.56] [added: $8.97] billion for the Twelve Months [removed: 2023] [added: 2024] from [removed: $8.06] [added: $8.56] billion for Twelve Months [removed: 2022,] [added: 2023,] primarily due to [removed: prior period sales within Global Automotive.][added: contributions from newly launched trade-in programs and device protection programs.]

*Global Housing Adjusted EBITDA* increased [removed: $328.2] [added: $97.0] million, or [removed: 133%,] [added: 17%,] to [removed: $574.2] [added: $671.2] million for Twelve Months [removed: 2023] [added: 2024] from [removed: $246.0] [added: $574.2] million for Twelve Months [removed: 2022,] [added: 2023,] primarily driven by [removed: the factors noted below, including $60.4] [added: growth in Homeowners, partially offset by $134.2] million of [removed: lower] [added: higher] pre-tax reportable catastrophes.

*Global Housing net earned premiums, fees and other income* increased [removed: $258.3] [added: $314.1] million, or [removed: 14%,] [added: 15%,] to [removed: $2.14] [added: $2.46] billion for Twelve Months [removed: 2023] [added: 2024] from [removed: $1.88] [added: $2.14] billion for Twelve Months [removed: 2022, largely driven by] [added: 2023, primarily due to] Homeowners top-line growth, [removed: which was driven by] [added: including growth in policies in-force and] higher average premiums [removed: and growth in policies-in-force] within [removed: lender-placed insurance.][added: lender-placed, as well as growth across various specialty Homeowners products.]

*Corporate and Other Adjusted EBITDA* was [removed: $(109.0)] [added: $(122.2)] million for Twelve Months [removed: 2023] [added: 2024] compared to [removed: $(99.2)] [added: $(109.0)] million for Twelve Months [removed: 2022,] [added: 2023,] primarily driven by [removed: lower investment income and] higher [added: third-party and] employee-related expenses.

Our results also depend on our ability to profitably grow our businesses, including our Connected [removed: Living and] [added: Living,] Global Automotive [added: and Renters] businesses, and the performance of our Homeowners business.

Factors affecting these items, including conditions in the financial markets, the global economy, political conditions and the markets in which we operate, fluctuations in exchange rates, interest rates and inflation, including the current period of inflationary pressures which have impacted claims costs [removed: primarily] [added: including] in the [removed: Homeowners and the] Global Automotive [removed: businesses,] [added: business, and tariffs and global supply chain disruptions] may have a material adverse effect on our results of operations or financial condition.

Our results may also be impacted by our ability to continue to grow in the markets in which we operate, [removed: including in our Connected Living and Global Automotive businesses,] which will be impacted by our ability to provide a superior [removed: digital-first] customer experience, including from our investments in technology and digital initiatives, capitalize on the connected home opportunity and investments to onboard and ramp-up new business.

Our Homeowners revenue is impacted by changes in the housing [added: market, as well as the voluntary insurance] market.

See “Item 1A – Risk Factors – Business, Strategic and Operational Risks – *Significant competitive pressures, changes in customer preferences and disruption could adversely affect our results of operations,*” “ – *Our mobile business is subject to the risk of declines in the value and availability of mobile devices, and to regulatory compliance and other risks*” and “ – *The success of our business depends [removed: on the execution of our strategy, including through the continuing service of key executives, senior leaders, highly-skilled personnel and a high-performing workforce.”*][added: on*]

For Twelve Months [removed: 2023,] [added: 2024,] net cash provided by operating activities was [removed: $1.14] [added: $1.33] billion; net cash used in investing activities was [removed: $637.7] [added: $657.8] million; and net cash used in financing activities was [removed: $403.9] [added: $477.5] million.

We had [removed: $1.63] [added: $1.81] billion in cash and cash equivalents as of December 31, [removed: 2023.][added: 2024.]

In periods of declining interest rates, mortgage prepayments generally increase and mortgage-backed [added: securities, commercial mortgage obligations and bonds are more likely to be prepaid or redeemed as borrowers seek to borrow at lower interest rates.]

Factors used in their calculation include experience derived from historical claim payments [removed: and actuarial assumptions.]

The following table provides details of the reinsurance recoverables balance as of December 31, [removed: 2023] [added: 2024] and [removed: 2022:][added: 2023:]

| | | | [added: 2024 | | | | | |] 2023 | | | | | | 2022 | | |

| Ceded future policyholder benefits and expense | | | $ | [removed: 339.9] [added: 340.7] | | | | | $ | [removed: 354.3] [added: 339.9] | |

| Ceded unearned premium | | | [removed: 5,265.2] [added: 5,188.5] | | | | | | [removed: 5,162.2] [added: 5,265.2] | | |

| Ceded claims and benefits payable | | | [removed: 971.4] [added: 1,808.9] | | | | | | [removed: 1,313.7] [added: 971.4] | | |

| Ceded paid losses | | | [removed: 72.7] [added: 241.4] | | | | | | [removed: 169.2] [added: 72.7] | | |

| Total | | | $ | [removed: 6,649.2] [added: 7,579.5] | | | | | $ | [removed: 6,999.4] [added: 6,649.2] | |

For additional information regarding our reserves and reinsurance recoverables, see Notes 2, [removed: 5, 17] [added: 4, 16] and [removed: 18] [added: 17] to the Consolidated Financial Statements included elsewhere in this Report.

Claims and benefits payable reserves for short duration contracts include (1) case reserves for known claims which are unpaid as of the balance sheet date; (2) IBNR reserves for claims where the insured event has occurred but has not been [removed: reported to us as of the balance sheet date; and (3) loss adjustment expense reserves for the expected handling costs of settling the claims.]

The underlying premise of the Chain Ladder method is that future claims development is best estimated using past claims development, whereas the Bornhuetter-Ferguson method employs a combination of past claims development and [removed: prior] estimates of ultimate losses based on an expected loss ratio.

The effect of higher and lower levels of loss frequency and severity on our ultimate costs for claims occurring in [removed: 2023] [added: 2024] would be as follows:

| Change in both loss frequency and [removed: severity for] [added: severity for] all Global Lifestyle and Global Housing | | | Ultimate cost of [removed: claims occurring] [added: claims occurring] in [removed: 2023] [added: 2024] | | | | | | Change in cost of [removed: claims occurring] [added: claims occurring] in [removed: 2023] [added: 2024] | | |

| Base scenario (1) | | | $ | [removed: 1,595.1] [added: 2,607.0] | | | | | $ | — | |

(1)Represents the sum of the case reserves and incurred but not reported reserves as of December 31, [removed: 2023] [added: 2024] for Global Lifestyle and Global Housing.

The methodologies, assumptions and inputs utilized are described in Note [removed: 10] [added: 9] to the Consolidated Financial Statements.

See also Notes 2, [removed: 8] [added: 7] and [removed: 10] [added: 9] to the Consolidated Financial Statements included elsewhere in this Report, “Item 1A – Risk Factors – Financial Risks – *Our investment portfolio is subject to credit, liquidity and other risks that may adversely affect our results of operations and financial condition*” and “ – Investments” contained in this Item 7.

Our goodwill related to acquisitions of businesses was [removed: $2.61] [added: $2.62] billion and [removed: $2.60] [added: $2.61] billion as of December 31, [removed: 2023] [added: 2024] and [removed: 2022,] [added: 2023,] respectively.

Such indicators include: a significant adverse change in legal factors, an adverse action or assessment by a regulator, unanticipated competition, loss of key personnel or a significant decline in our expected future cash flows due to [removed: changes in company-specific factors or the broader business climate.]

| Global Lifestyle (1) | | | $ | [removed: 2,292.1] [added: 2,299.3] | | | | | $ | [removed: 2,193.9] [added: 2,292.1] | |

In 2024, mainland China operations were sold.

*Consolidated net income* increased $117.7 million, or 18%, to $760.2 million for Twelve Months 2024 from $642.5 million for Twelve Months 2023, primarily due to higher Global Housing segment earnings, lower impact of foreign exchange, and lower losses from non-core operations and lower restructuring costs, partially offset by higher reportable catastrophes and higher depreciation expense.

*Global Lifestyle Adjusted EBITDA* decreased $18.9 million, or 2%, to $773.4 million for Twelve Months 2024 from $792.3 million for Twelve Months 2023, primarily driven by elevated claims costs in Global Automotive and approximately $25.0 million of investments in new client programs and capabilities in Connected Living to support future growth.

This decrease was partially offset by a modest increase in Connected Living primarily due to increased contributions in Global Financial Services, higher investment income and improved results within extended service contracts.

Excluding reportable catastrophes, Adjusted EBITDA increased 34% due to top-line growth and expense leverage within Homeowners, more favorable prior year reserve development, lower reinsurance costs, and growth in Renters from the property management channel.

In addition, the California Wildfires began in January 2025, causing significant damage throughout the Los Angeles metropolitan area and surrounding regions.

At the time of this filing, the claims process continues and our current view is that reportable catastrophes from the California Wildfires are expected to approach or slightly exceed our catastrophe reinsurance program per event retention of $150 million.

There is inherent variability in our estimates of early loss projections and claims severity, and therefore the estimate may change as additional information emerges.

*the execution of our strategy, including through the continuing service of key executives, senior leaders, highly-skilled personnel and a high-performing workforce.”*

and actuarial assumptions.

| | | | 2024 | | | | | | 2023 | | |

reported to us as of the balance sheet date; and (3) loss adjustment expense reserves for the expected handling costs of settling the claims.

| 3% higher | | | $ | 2,765.8 | | | | | $ | 158.8 | |

| 2% higher | | | $ | 2,712.3 | | | | | $ | 105.3 | |

| 1% higher | | | $ | 2,659.4 | | | | | $ | 52.4 | |

| 1% lower | | | $ | 2,555.1 | | | | | $ | (51.9) | |

| 2% lower | | | $ | 2,503.8 | | | | | $ | (103.2) | |

| 3% lower | | | $ | 2,452.9 | | | | | $ | (154.1) | |

changes in company-specific factors or the broader business climate.

| | | | 2024 | | | | | | 2023 | | |

For the annual October 1, 2024 goodwill impairment test, we performed a qualitative assessment for all reporting units with goodwill (Connected Living, Global Automotive and Global Housing) due to high margins between fair value and book value based on quantitative impairment testing in 2023.

| | | | 2024 | | | | | | 2023 | | | | | | | | |

Consolidated net income increased $117.7 million, or 18%, to $760.2 million for Twelve Months 2024 from $642.5 million for Twelve Months 2023, primarily driven by higher earnings in Global Housing, a $31.0 million favorable change in after-tax foreign exchange related gains (losses), a $32.2 million after-tax decline in losses related to our non-core operations and a $22.9 million reduction in after-tax restructuring costs related to our previously announced restructuring plan.

| | | | 2024 | | | | | | 2023 | | | | | | | | |

| Cost of sales | | | 841.6 | | | | | | 564.2 | | | | | | | | |

| General expenses | | | 1,199.9 | | | | | | 1,155.2 | | | | | | | | |

| Total | | | $ | 8,967.3 | | | | | $ | 8,561.4 | | | | | | | |

Year Ended December 31, 2024 Compared to the Year Ended December 31, 2023

The decrease in Adjusted EBITDA was partially offset by higher net investment income across Global Lifestyle, as well as improved contributions from our financial services business and improved results within extended service contracts.

Fees and other income increased $262.5 million, or 22%, primarily due to contributions from newly launched global mobile trade-in programs.

Net earned premiums increased $143.4 million, or 2%, primarily driven by growth from global mobile device protection programs and newly launched program within financial services in Connected Living, partially offset by a decline in extended service contracts in Connected Living and the unfavorable impact of foreign exchange.

Cost of sales increased $277.4 million, or 49% mainly due to newly launched global mobile programs.

Policyholder benefits increased $130.7 million, or 8%, primarily due to elevated claims costs in Global Automotive, as described above, and from higher claims in the global mobile device protection business and global financial services in Connected Living, partially offset by lower losses for extended service contracts in Connected Living in line with the decrease in net earned premiums.

General expenses increased $44.7 million, or 4%, due to higher employee-related and information

technology expenses to support growth, as well as higher expenses relating to investments in new client programs and capabilities in Connected Living, as described above.

Selling and underwriting expenses decreased $18.9 million, or 0.4% mainly due to lower commission expenses for extended service contracts in Connected Living and Global Automotive, partially offset by higher commissions from global mobile device protection programs.

| | | | 2024 | | | | | | 2023 | | | | | | | | |

| General expenses | | | 744.8 | | | | | | 679.3 | | | | | | | | |

Year Ended December 31, 2024 Compared to the Year Ended December 31, 2023

Twelve Months 2024 included $106.7 million of favorable non-catastrophe prior year reserve development compared to $54.1 million in Twelve Months 2023.

*Consolidated net income* increased $365.9 million, or 132%, to $642.5 million for Twelve Months 2023 from $276.6 million for Twelve Months 2022, primarily due to higher Global Housing segment earnings, including lower reportable catastrophes (defined as individual catastrophic events that generate losses in excess of $5.0 million pre-tax, net of reinsurance and client profit sharing adjustments, and including reinstatement and other premiums), and lower net unrealized losses from changes in the fair value of equity securities.

*Global Lifestyle Adjusted EBITDA* decreased $17.1 million, or 2%, to $792.3 million for Twelve Months 2023 from $809.4 million for Twelve Months 2022.

The decline was driven by Global Automotive as elevated claims costs were partially offset by higher investment income.

Connected Living results were up modestly, as stronger mobile device protection results in North America and higher investment income were partially offset by lower mobile results in Asia Pacific.

Excluding reportable catastrophes, Adjusted EBITDA increased $267.8 million, or 64%, mainly due to lower non-catastrophe loss experience, including $54.1 million of favorable prior year reserve development in 2023 compared

to $15.5 million of unfavorable prior year reserve development in 2022.

Strong top-line growth in Homeowners and expense leverage from scale and operational efficiencies also drove performance.

securities, commercial mortgage obligations and bonds are more likely to be prepaid or redeemed as borrowers seek to borrow at lower interest rates.

The IBNR associated with the best estimate is then allocated to accident year based on a weighting of the underlying actuarial methods.

| 3% higher | | | $ | 1,692.2 | | | | | $ | 97.1 | |

| 2% higher | | | $ | 1,659.5 | | | | | $ | 64.4 | |

| 1% higher | | | $ | 1,627.2 | | | | | $ | 32.1 | |

| 1% lower | | | $ | 1,563.4 | | | | | $ | (31.7) | |

| 2% lower | | | $ | 1,531.9 | | | | | $ | (63.2) | |

| 3% lower | | | $ | 1,500.8 | | | | | $ | (94.3) | |

In the fourth quarter of 2023, we performed a quantitative assessment for the Global Lifestyle and Global Housing reporting units given the uncertainty in macro-economic conditions and inflation concerns.

The determination of fair value of the reporting units requires many estimates and assumptions.

These estimates and assumptions include earnings and required capital projections discussed above, discount rates, terminal growth rates, operating income and dividend forecasts for each reporting unit and the weighting assigned to the results of each valuation method included in the fair value calculation.

Changes in certain assumptions could have a significant impact on the goodwill impairment assessment.

For the fourth quarter of 2023 quantitative assessment, had the net book value for the reporting units exceeded its estimated fair value, the Company would have recognized a goodwill impairment loss for the difference up to the amount of goodwill allocated to the reporting unit.

| | | | 2023 | | | | | | 2022 | | | | | | | | |

| Goodwill impairment | | | — | | | | | | 7.8 | | | | | | | | |

Consolidated net income increased $365.9 million, or 132%, to $642.5 million for Twelve Months 2023 from $276.6 million for Twelve Months 2022, primarily driven by higher lender-placed net earned premiums and lower non-catastrophe loss experience in our Homeowners business within Global Housing, a $104.3 million decrease in after-tax net unrealized losses from changes in the fair value of equity securities and $47.6 million of lower after-tax reportable catastrophes.

Also contributing to the increase was a $24.7 million after-tax decline in losses related to our non-core operations and a $14.7 million reduction in after-tax restructuring costs related to our previously announced restructuring plan.

The decline was partially offset by higher net investment income across Global Lifestyle and stronger mobile device protection results in North America.

Net earned premiums increased $410.3 million, or 6%, primarily driven by continued domestic organic growth from prior period sales in our Global Automotive business across all distribution channels.

Net earned premium from Connected Living increased modestly, mainly from organic growth across all products, partially offset by the impact of a previously disclosed mobile program contract change that resulted in lower retention of premiums net of reinsurance, as well as the run-off of certain global mobile programs.

Fees and other income increased $89.2 million, or 8%, mainly driven by higher average selling prices on mobile trade-in programs, as well as contributions from new programs, partially offset by a mobile program contract change related to our in-store mobile service and repair business.

Underwriting, selling, general and administrative expenses increased $359.2 million, or 6%, mainly due to higher commission expenses from growth across Global Lifestyle, primarily in Global Automotive, higher cost of sales in our global mobile business and higher information technology and employee-related expenses to support growth, partially offset by a mobile program contract change related to our in-store mobile service and repair business.

Policyholder benefits increased $251.3 million, or 19%, primarily due to ongoing elevated claims costs in Global Automotive, as described above, partially offset by a mobile program contract change that resulted in lower retention of losses net of reinsurance.

The increase was partially offset by exits from certain international markets and higher catastrophe reinsurance costs primarily from restructuring the program.

The increase in total revenues was partially offset by a decrease in fees and other income of $4.6 million, or 3%, mainly driven by a decline in Renters and Other from lower installment fees.

Underwriting, selling, general and administrative expenses decreased $13.9 million, or 2%, primarily due to exits from certain international markets, higher reimbursements related to the National Flood Insurance Program for processing flood claims for Hurricane Ian and a discretionary benefit from the Federal Emergency Management Agency.

The increase in the loss was primarily due to lower net investment income, mostly due to lower invested assets from the use of the Global Preneed sale proceeds in Twelve Months 2022 for share repurchases, and higher employee-related expenses.

Total revenues decreased $5.8 million, or 21%, to $21.6 million for Twelve Months 2023 from $27.4 million for Twelve Months 2022, primarily driven by a decrease in net investment income of $5.5 million, or 20%, mostly due to lower invested assets from the use of the Global Preneed sale proceeds in Twelve Months 2022 for share repurchases, partially offset by higher cash yields.

| Ba | | | | | | 318.6 | | | | | | 4.6 | | % | | | | 305.2 | | | | | | 4.9 | | % |

During third quarter 2023, we submitted an agreement to sell our Miami, Florida office (the “Agreement”) to a potential acquiror, which is subject to review, approval, execution and other conditions.

The entry into a definitive agreement and the consummation of the transaction are subject to significant uncertainty.

In September 2023, the following actions were taken by A.M. Best:

- Upgraded the insurance financial strength ratings on our insurance operating subsidiaries, American Bankers Insurance Company of Florida, American Security Insurance Company, Caribbean American Property Insurance Company, Voyager Indemnity Insurance Company, Virginia Surety Company, Inc, and Reliable Lloyds Insurance Company, to A+ from A with a stable outlook.

The following is a discussion of our primary market risk exposures and management of such exposures as of December 31, [removed: 2023.][added: 2024.]

There were no other significant changes in our primary market risk exposures or in how those exposures were managed for the year ended December 31, [removed: 2023,] [added: 2024,] compared to the year ended December 31, [removed: 2022.][added: 2023.]

The carrying value of our investment portfolio at December 31, [removed: 2023] [added: 2024] and [removed: 2022] [added: 2023] was [removed: $8.22] [added: $8.54] billion and [removed: $7.52] [added: $8.22] billion, respectively, of which 84% was invested in fixed maturity securities.

For additional information, see Notes [removed: 8] [added: 7] and [removed: 10] [added: 9] to the Consolidated Financial Statements included elsewhere in this Report and “Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations – Investments”.

Our sensitivity analysis model produces a loss in fair value in the fixed maturity portfolio of (i) [removed: $170.0] [added: $173.2] million and [removed: $143.9] [added: $170.0] million as of December 31, [removed: 2023] [added: 2024] and [removed: 2022,] [added: 2023,] respectively, based on a hypothetical and instantaneous 50 basis point parallel increase in interest rates (including impacts of changes in credit spreads), and (ii) [removed: $333.2] [added: $340.0] million and [removed: $283.2] [added: $333.2] million as of December 31, [removed: 2023] [added: 2024] and [removed: 2022,] [added: 2023,] respectively, based on a hypothetical and instantaneous 100 basis point parallel increase in interest rates (including impacts of changes in credit spreads).

For additional information, see Note [removed: 19] [added: 18] to the Consolidated Financial Statements included elsewhere in this Report and “Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources”.

Our sensitivity analysis model produces a loss in fair value of our debt obligations of (i) [removed: $54.0] [added: $48.4] million and [removed: $44.7] [added: $54.0] million as of December 31, [removed: 2023] [added: 2024] and [removed: 2022,] [added: 2023,] respectively, based on a hypothetical and instantaneous 50 basis point parallel increase in interest rates, and (ii) [removed: $106.3] [added: $95.3] million and [removed: $88.4] [added: $106.3] million as of December 31, [removed: 2023] [added: 2024] and [removed: 2022,] [added: 2023,] respectively, based on a hypothetical and instantaneous 100 basis point parallel increase in interest rates.

Foreign exchange risk is the possibility that changes in exchange rates produce an adverse effect on earnings and equity when measured in domestic [removed: currency.]

For more information, see “Item 1A – Risk Factors – Financial Risks – *Actual results may differ materially from the analytical models we use to assist in our decision-making in key areas such as [removed: pricing,*][added: pricing, catastrophe risks, reserving and capital management*” and “– *Fluctuations in the exchange rate of the U.S. Dollar and other foreign currencies may materially and adversely affect our results of operations.*”]

The following table summarizes the net assets (liabilities) denominated in foreign currencies as of December 31, [removed: 2023] [added: 2024] and [removed: 2022] [added: 2023] and the sensitivity to a hypothetical strengthening of the U.S. dollar.

| | | | December 31, [removed: 2023] [added: 2024] | | | | | | | | | | | | December 31, [removed: 2022] [added: 2023] | | | | | | | | | | | | [removed: 2023] [added: 2024] vs. [removed: 2022] [added: 2023] | | |

| British pound sterling (GBP) | | | $ | [removed: 321.5] [added: 323.3] | | | | | [removed: 1.2649] [added: 1.2684] | | | | | | $ | [removed: 306.9] [added: 321.5] | | | | | [removed: 1.2153] [added: 1.2649] | | | | | | [removed: 4.1%] [added: 0.3%] | | |

| Canadian dollar (CAD) | | | [removed: 233.9] [added: 239.3] | | | | | | [removed: 0.7567] [added: 0.6955] | | | | | | [removed: 209.8] [added: 233.9] | | | | | | [removed: 0.7393] [added: 0.7567] | | | | | | [removed: 2.4%] [added: (8.1)%] | | |

| Euro (EUR) | | | [removed: 170.7] [added: 146.8] | | | | | | [removed: 1.0924] [added: 1.0514] | | | | | | [removed: 179.4] [added: 170.7] | | | | | | [removed: 1.0608] [added: 1.0924] | | | | | | [removed: 3.0%] [added: (3.8)%] | | |

| Brazilian real (BRL) | | | [removed: 87.3] [added: 70.6] | | | | | | [removed: 0.2040] [added: 0.1630] | | | | | | [removed: 68.8] [added: 87.3] | | | | | | [removed: 0.1888] [added: 0.2040] | | | | | | [removed: 8.1%] [added: (20.1)%] | | |

| Australian dollar (AUD) | | | [removed: 60.5] [added: 64.7] | | | | | | [removed: 0.6707] [added: 0.6372] | | | | | | [removed: 59.6] [added: 60.5] | | | | | | [removed: 0.6701] [added: 0.6707] | | | | | | [removed: 0.1%] [added: (5.0)%] | | |

| Mexican peso (MXN) | | | [removed: 85.4] [added: 71.0] | | | | | | [removed: 0.0583] [added: 0.0497] | | | | | | [removed: 63.5] [added: 85.4] | | | | | | [removed: 0.0505] [added: 0.0583] | | | | | | [removed: 15.4%] [added: (14.8)%] | | |

| Japanese yen (JPY) | | | [removed: 28.6] [added: 32.4] | | | | | | [removed: 0.0070] [added: 0.0065] | | | | | | [removed: 26.9] [added: 28.6] | | | | | | [removed: 0.0073] [added: 0.0070] | | | | | | [removed: (4.1)%] [added: (7.1)%] | | |

| Chilean peso (CLP) | | | [removed: 17.6] [added: 12.1] | | | | | | [removed: 0.0011] [added: 0.0010] | | | | | | [removed: 16.4] [added: 17.6] | | | | | | 0.0011 | | | | | | [removed: —%] [added: (9.1)%] | | |

| Argentine peso (ARS) | | | [removed: 8.6] [added: 13.7] | | | | | | [removed: 0.0012] [added: 0.0010] | | | | | | [removed: 27.4] [added: 8.6] | | | | | | [removed: 0.0056] [added: 0.0012] | | | | | | [removed: (78.6)%] [added: (16.7)%] | | |

| Other (various currencies) | | | [removed: 19.2] [added: (5.8)] | | | | | | | | | | | | [removed: 5.4] [added: (2.6)] | | | | | | | | | | | | | | |

| Value of net assets denominated in foreign currencies | | | $ | [removed: 1,033.3] [added: 992.7] | | | | | | | | | | | $ | [removed: 964.1] [added: 1,033.3] | | | | | | | | | | | | | |

| Net assets | | | $ | [removed: 4,809.5] [added: 5,106.7] | | | | | | | | | | | $ | [removed: 4,228.7] [added: 4,809.5] | | | | | | | | | | | | | |

| As a percentage of total net assets | | | [removed: 21.5] [added: 19.4] | | % | | | | | | | | | | [removed: 22.8] [added: 21.5] | | % | | | | | | | | | | | | |

| Pre-tax decrease in fair value of our investments in foreign subsidiaries from a hypothetical 10 percent strengthening of the USD | | | $ | [removed: (116.1)] [added: (109.6)] | | | | | | | | | | | $ | [removed: (117.3)] [added: (116.1)] | | | | | | | | | | | | | |

| Pre-tax increase in fair value of our investments in foreign subsidiaries from a hypothetical 10 percent weakening of the USD | | | $ | [removed: 116.1] [added: 109.6] | | | | | | | | | | | $ | [removed: 117.3] [added: 116.1] | | | | | | | | | | | | | |

For additional information, refer to “Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations – Investments” and Notes [removed: 5] [added: 4] and [removed: 8] [added: 7] to the Consolidated Financial Statements included elsewhere in this Report.

currency.

| New Zealand dollar (NZD) | | | 15.2 | | | | | | 0.5783 | | | | | | 12.8 | | | | | | 0.6213 | | | | | | (6.9)% | | |

| Indian rupee (INR) | | | 9.4 | | | | | | 0.0118 | | | | | | 9.0 | | | | | | 0.0120 | | | | | | (1.7)% | | |

*catastrophe risks, reserving and capital management*” and “– *Fluctuations in the exchange rate of the U.S. Dollar and other foreign currencies may materially and adversely affect our results of operations.*”

*Our financial [removed: strength.*] [added: strength and business model.*] We believe we have a strong balance sheet and operating cash flows.

As of December 31, [removed: 2023,] [added: 2024,] we had [removed: $33.64] [added: $35.02] billion in total assets and our debt to total capital was [removed: 30.2%.][added: 29.0%.]

Our [added: business-to-business-to-consumer business model in our] Global Lifestyle and Global Housing segments generate significant operating cash flows, which provide us with the flexibility to make investments to strengthen our strategic capabilities and enhance our partnerships with our clients.

We [removed: intend to] leverage those insights [removed: with investments] [added: to invest] in emerging technologies and operations, including [removed: digital-first solutions,] [added: digital solutions supported by artificial intelligence (“AI”),] to introduce innovative products and services and continuously adapt those offerings to the changing needs of [removed: consumers in the connected world.][added: consumers.]

Visibility across the value chain helps us [removed: leverage insights to] further improve the customer experience and our offerings.

As we focus on executing our [removed: vision,] [added: strategy,] we believe we are positioned for continued long-term profitable growth by:

Our businesses represent a group of leading, [added: protection and] service-oriented offerings focused on compelling growth [removed: opportunities.][added: opportunities in attractive markets.]

This includes capitalizing on the convergence of the connected world in the global markets and geographies in which we [removed: operate.][added: operate, as well as continuing to grow with expense leverage within specialized property markets.]

We intend to grow our businesses by strengthening our partnerships with major clients and prospects globally, while continuing to invest in talent, capabilities and technology, including [removed: digital,] [added: digital and AI,] to enable us to deliver a superior customer experience, as well as further broadening our offerings and diversifying our distribution channels.

*Providing integrated offerings through a [removed: superior, digital-first] [added: superior] customer experience*.

As we continue to evolve our product and service capabilities and respond to client and consumer needs, we expect [removed: to accelerate the pace of] [added: ongoing] innovation [removed: for] [added: of] our integrated [removed: offerings] [added: offerings, leveraging data-driven insights, technology] and [removed: drive] [added: AI to deliver] additional value through a [removed: superior, digital-first] [added: superior] customer experience.

We target new businesses and capabilities, organically and through acquisitions, that complement or [removed: support] [added: accelerate] our strategy.

We believe in fostering [removed: a diverse, equitable and] [added: an] inclusive culture to drive sustained profitable growth through innovation.

Throughout the year, we have maintained a strong balance sheet, [removed: generated $772.6] [added: generating $804.7] million in dividends or returns of capital from our subsidiaries (net of infusions of liquid assets and excluding amounts used for acquisitions or received from dispositions) and [removed: returned $352.3] [added: returning $455.8] million to shareholders through share repurchases and common stock dividends.

Our Board of Directors (the “Board”), Management Committee and [removed: employees] [added: global workforce] understand the importance of [added: our] sustainability [removed: to deliver greater value as we operate] [added: initiatives in supporting the successful execution of] our [removed: business each day and support Assurant’s] long-term strategy.

For additional information on our segments, see “Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations – Results of Operations” and Note [removed: 6] [added: 5] to the Consolidated Financial Statements included elsewhere in this Report.

| | | | [removed: 2023] [added: 2024] | | | | | | [removed: 2022] [added: 2023] | | | | | | [removed: 2021] [added: 2022] | | |

| Connected Living (1) | | | $ | [removed: 4,376.8] [added: 4,807.9] | | | | | $ | [removed: 4,259.4] [added: 4,376.8] | | | | | $ | [removed: 4,321.6] [added: 4,259.4] | |

| Global Automotive | | | [removed: 4,184.6] [added: 4,159.4] | | | | | | [removed: 3,802.5] [added: 4,184.6] | | | | | | [removed: 3,504.5] [added: 3,802.5] | | |

| Total | | | $ | [removed: 8,561.4] [added: 8,967.3] | | | | | $ | [removed: 8,061.9] [added: 8,561.4] | | | | | $ | [removed: 7,826.1] [added: 8,061.9] | |

| Segment Adjusted EBITDA | | | $ | [removed: 792.3] [added: 773.4] | | | | | $ | [removed: 809.4] [added: 792.3] | | | | | $ | [removed: 737.6] [added: 809.4] | |

| Segment equity (2) | | | $ | [removed: 4,822.0] [added: 4,830.9] | | | | | $ | [removed: 4,743.3] [added: 4,822.0] | | | | | $ | [removed: 4,644.9] [added: 4,743.3] | |

(1)For the years ended December 31, [removed: 2023, 2022] [added: 2024, 2023] and [removed: 2021,] [added: 2022, 50.6%,] 44.8%, [removed: 46.0%,] and [removed: 47.5%,] [added: 46.0%,] respectively, of net earned premiums, fees and other income was from mobile device solutions; [added: 38.8%,] 44.7%, [removed: 44.3%,] and [removed: 43.5%,] [added: 44.3%,] respectively, was from extended service contracts and related services for consumer electronics and appliances; and [added: 10.6%,] 10.5%, [removed: 9.7%,] and [removed: 9.0%,] [added: 9.7%,] respectively, was from [removed: credit] [added: financial services] and other insurance products.

(2)Segment equity does not include components of accumulated other comprehensive income (“AOCI”), which is primarily comprised of net unrealized [removed: gains] [added: gains/ losses] on securities, net of taxes.

For additional information on total AOCI, see Note [removed: 22] [added: 21] to the Consolidated Financial Statements included elsewhere in this Report.

The key lines of business in Global Lifestyle are: Connected Living, which includes mobile device solutions (including extended service contracts, insurance policies and [added: device lifecycle] related services), extended service contracts and related services for consumer electronics and appliances, and [removed: credit] [added: financial services] and other insurance products; and Global Automotive.

We provide in-store, same-day device repairs to customers through our nationwide network of [removed: nearly 500 Cell Phone Repair locations.][added: over 900 repair and partner locations that support both our insurance and non-insurance customers.]

For ancillary products, including relating to commercial and other leased [added: or financed] equipment, coverage varies, but, generally, we pay the cost of repairing, servicing or replacing parts or provide other financial compensation in the event of mechanical breakdown, accidental damage or theft.

We work closely with our global partners to develop innovative offerings that reflect the evolution of the auto market, such as Assurant Vehicle Care which [removed: launched in July 2023 in over 500 dealerships across the U.S. (over 30%] [added: represents a majority] of [removed: our] dealer services [removed: total) and provides] [added: contracts providing] a comprehensive [removed: new] suite of enhanced vehicle [removed: production] [added: protection] products and a new digital experience for consumers.

Global Lifestyle operates globally, with approximately [removed: 83%] [added: 82.1%] of its revenue from North America (the U.S. and Canada), [removed: 7%] [added: 7.5%] from Latin America (Brazil, Argentina, Puerto Rico, Mexico, Chile, Colombia and Peru), [removed: 6%] [added: 5.9%] from Europe (the United Kingdom (the “U.K.”), France, Italy, Spain, Germany and the Netherlands) and [removed: 4%] [added: 4.5%] from Asia Pacific (Japan, Australia, New Zealand, South Korea, India, Singapore and [removed: China (including] Hong [removed: Kong)] [added: Kong] for the year ended December 31, [removed: 2023.][added: 2024).]

In fourth quarter 2023, we made the decision to fully exit our operations in mainland China (other than Hong [removed: Kong).][added: Kong), which were subsequently sold in 2024.]

[removed: Typically,] [added: Many of] our agreements in Global Lifestyle are [added: exclusive and] multi-year with terms generally between three and five years and allow us to integrate our administrative systems with those of our clients.

Global Lifestyle is dependent on a few clients, in particular mobile service providers, and a reduction in business with or the loss of [removed: any] one or more such clients could have a material adverse effect on our results of operations and cash flows.

The worldwide used and refurbished smartphone market is growing, [removed: especially in newer markets like India,] driven by the cost and availability of new devices and sustainability-conscious customers.

Consumer needs relating to mobile devices are continuing to expand in [removed: scope, particularly demand for certified pre-owned devices.][added: scope.]

Expanded capabilities like repair and logistics, technical support for customers and enhanced customer experience through digital solutions [added: and AI] allow us to create product and service offerings that customers find compelling.

[removed: In the vehicle sales markets,] U.S. new vehicle sales have shown [removed: modest] [added: slight] improvements [removed: as] [added: from 2023 driven by] increased vehicle availability and [removed: pent-up demand are driving sales.][added: OEM incentives.]

The used vehicle market in the U.S. has started to normalize from recent elevated used vehicle prices and a shift in sales to new vehicles, but this normalization is tempered by lower and aging used vehicle [removed: inventory, as well as higher interest rates.][added: inventory.]

In [removed: addition to the overall market,] [added: addition,] inflation [removed: has had] [added: continues to have] a significant impact on our Global Automotive results as parts and labor adversely [removed: affected] [added: affect] claims [removed: costs.][added: costs for clients where we have underwriting exposure.]

[removed: As we continue into the “Connected Decade”, we] [added: We] believe [removed: it] [added: this] will create long-term opportunities for Assurant as consumers’ lifestyles will increasingly intertwine with their connected ecosystems, which we call the connected world.

We are a premier global protection company that partners with the world’s leading brands to safeguard and service connected devices, homes and automobiles.

We leverage data-driven technology solutions to provide exceptional customer experiences.

*2024 Highlights*

We continued our momentum in 2024 with strong profitable growth led by sustained outperformance within Global Housing, as well as underlying growth within Connected Living which was muted by investments in new client programs and capabilities.

The combination of our strong capital position, investments to support growth and robust shareholder returns were a testament to our balanced capital management and strong cash flows of our businesses.

We completed contract renewals with several key clients including our major U.S. mobile device protection clients, expanded offerings with existing clients and onboarded new client programs across Global Lifestyle and Global Housing.

We continued to drive ongoing expense leverage from our scale and operating efficiencies supported by ongoing technology innovation.

In October 2024, we opened our Innovation and Device Care Center, which supports our mobile device lifecycle solutions in Global Lifestyle and the development of new and innovative ways to leverage automation, robotics and artificial intelligence.

Assurant is a purpose-driven company that remains committed to integrating sustainability into our long-term strategy.

In 2024, we introduced a new Sustainability vision focused on three areas: Connected Communities, Respected Resources and Protected Planet.

We view these sustainability priorities as directly tied to how we deliver for our employees, our clients and end-consumers in support of Assurant’s broader growth and innovation objectives.

Moving forward, we will lean into the following areas as we set our sights on advancing our impact:

*Connected Communities.* As a purpose-driven company, we help our customers maximize opportunities in a connected world in a way that contributes to a thriving society.

We do this by focusing on creating an inclusive workplace where employees have opportunities to learn and grow; supporting communities through investing our time, skills and resources where needed; and creating superior experiences for our customers.

*Respected Resources.* We look for opportunities to embed circularity across our operations and to integrate programs and services into our suite of offerings that embrace circular practices to help our customers live connected lives.

This mindset has led us to become an industry leader in the transition effort from a linear to a circular economy for mobile devices including our approach to responsible recycling.

*Protected Planet.* Across our enterprise, we integrate climate actions into our long-term strategy, global facilities and product and service offerings, and work with our operations and partners to minimize negative environmental impacts.

We also sell repaired or refurbished mobile and other electronic devices, as well as provide Certified Pre-Owned (“CPO”) devices to our clients to fulfill their insurance and consumer needs.

In addition, higher interest rates have impacted affordability of finance and insurance products and lowered attachment rates.

The commercial equipment segment continues to expand, partially mitigating challenges in our U.S. auto business.

In addition, new vehicle sales continue to grow in some markets internationally.

| | | | 2024 | | | | | | 2023 | | | | | | 2022 | | |

For additional information on total AOCI, see Note 21 to the Consolidated Financial Statements included elsewhere in this Report.

along with independent specialty agents.

2024 reinsurance premiums for the total program are estimated to be $188.9 million pre-tax, as of December 31, 2024, compared to $207.2 million pre-tax for 2023, reflecting impacts from changing the timing of program placement in this initial year of transition to a single placement date, as well as favorable underlying rates from improved reinsurance market conditions.

We believe in fostering an inclusive and performance-based culture to drive sustained profitable growth through innovation.

As of December 31, 2024, Assurant had approximately 14,200 employees representing, more than 80 nationalities, with a presence in 21 markets globally.

Our global workforce spans a wide range of roles and skills.

Our talent strategy is focused on empowering employees to learn, grow and thrive, equipping the business with the talent needed to deliver on our long-term strategy, and recognize and reward performance.

(1) Beginning in 2024, we revised the definition of employer turnover to include voluntary turnover only.

We believe this revised approach to exclude any involuntary actions provides better insight into the program and strategies we can take as an organization to impact employee retention.

designed to expand opportunities for anonymous, real-time feedback between managers and employees.

Fostering an Inclusive and Performance Driven Culture

Building an inclusive culture is more than the right thing to do - it’s a business imperative - a key enabler of growth and innovation, rooted in our belief that more inclusive teams deliver stronger performance.

We are committed to foster a sense of belonging at Assurant.

Fair Pay

Assurant is committed to fair pay.

Additionally, there were several enhancements to benefits starting in 2024,

A majority of our employees work virtually on a full-time or part-time basis.

In 2024, this included the ongoing integration of AI tools to enhance and improve the employee and customer experience with the appropriate training and reporting to ensure we effectively govern deployed solutions and continuously learn.

We are a leading global business services company that supports, protects and connects major consumer purchases.

We support the advancement of the connected world by partnering with the world’s leading brands to develop innovative solutions and to deliver an enhanced customer experience.

Our vision is to be the leading global business services company supporting the advancement of the connected world.

As our offerings continue to expand, we expect to generate a more diversified mix of business and earnings.

*2023 Highlights*

We achieved significant profitable growth in 2023, maintained a strong capital position and generated significant momentum throughout our businesses.

Our results reflect our focus on further strengthening our business portfolio and driving operational excellence, including implementing digital-first initiatives across our operations, while accelerating innovation and investing in our businesses.

Through active portfolio management, we exited businesses that are not core to our long-term strategy.

We continued to expand partnerships with key clients and win new clients, deliver new and innovative solutions and execute on our commitment to being a socially responsible company for our stakeholders.

We advanced our goals to reduce our environmental impact, and we remained focused on engaging and developing our diverse talent pool.

We realized benefits from the actions we announced in 2022 to simplify our business portfolio and corporate real estate and realign our organizational structure, allowing us to reinvest throughout the enterprise.

We amended and extended our 2022 restructuring plan to include additional actions within these initiatives, including further consolidation of our real estate portfolio and additional changes to our organizational structure, which we believe will drive greater operational efficiency to support our long-term profitable growth and value creation.

We expect to complete these actions by mid-2024.

In November 2023, we realigned our executive team to support our global growth strategy by appointing Keith Meier as Chief Financial Officer and Francesca Luthi as Chief Operating Officer.

The appointments represented our ability to deploy our deep bench of talent and evolve from a position of strength.

In February 2023, we issued $175.0 million of 6.10% senior notes due 2026 and used the net proceeds, together with cash on hand, to redeem a portion of the $225.0 million outstanding aggregate principal amount of our 4.20% senior notes due 2023.

Assurant is a purpose-driven company committed to making meaningful advancements each year to integrate our sustainability efforts into our long-term strategy to support our business outcomes, our global business operations and our product and service offerings.

In 2023, we continued to make progress on building a more sustainable company for all of our stakeholders.

Our sustainability strategic framework centers on four pillars against which we track our progress on sustainability topics that most impact Assurant’s value, society and the environment, as discussed below.

Each of these pillars is dynamic, aligned to our long-term business strategy, and strengthens the communities in which we live and work.

*Responsible employer.* We are a responsible employer with a culture that believes diversity, equity and inclusion are critical to support business growth, and we recognize the importance of investing in talent as we look to deliver a superior employee experience.

*Impact on society.* We actively engage to strengthen the communities where we live and work worldwide while operating our business, managing our investments, and evolving our product offerings to ensure we maintain a strong environmental commitment.

*Customer commitment.* We deliver differentiated experiences by being customer-centric and anticipating the needs of the people we serve.

*Integrity and ethics.* We adhere to unwavering standards of integrity, ethics, governance, privacy and information security.

Our longer-term strategic planning process, overseen by our Board, prioritized three multiyear ESG strategic focus areas:

- Talent: We aspire to foster a diverse, equitable and inclusive culture to drive innovation for the benefit of all stakeholders;

- Products: We aspire to help customers thrive in a connected world; and

- Climate: We aspire to operate in ways that minimize our carbon footprint and align our commitments to enhance climate action and environmental performance.

We also sell repaired or refurbished mobile and other electronic devices.

Most of our distribution agreements are exclusive.

As a general trend, we believe the average smartphone replacement cycle is lengthening, which may increase attachment rates for mobile protection offerings, including for our large, installed customer base.

However, this trend may be reversed based on new technology and innovation.

OEMs with sufficient inventory are starting to increase incentives, which should help mitigate headwinds from higher interest rates which have had an adverse impact on attachment rates for our core products.

However, we expect U.S. new vehicle sales to increase modestly, thereby providing more opportunities for product sales as an

offset to this interest rate pressure.

We continue to expand our footprint in the U.S. by adding new dealership clients and growing our dealer and third-party relationship networks.

In addition, we have successfully added clients internationally where new vehicle sales continue to grow in most markets.

In addition, we provide tenant bonds as an alternative to security deposits, which allows our

The 2023 catastrophe reinsurance program also included Caribbean catastrophe coverage providing up to $55.0 million, in excess of a $5.0 million retention.

For our 2024 catastrophe reinsurance program, underlying rates are favorable from improved reinsurance market conditions.

For a description of any material pending legal proceedings in which we are involved, see “Commitments and Contingencies – Legal and Regulatory Matters” in Note [removed: 27] [added: 26] to the Consolidated Financial Statements included elsewhere in this Report, which is hereby incorporated by reference.

For the fiscal year ended December 31, [removed: 2023][added: 2024]

The aggregate market value of the registrant’s common stock held by non-affiliates of the registrant was [removed: $6.63] [added: $8.58] billion as of the last business day of the fiscal quarter ended June 30, [removed: 2023] [added: 2024] based on the closing sale price of [removed: $125.72] [added: $166.25] per share for the common stock on such date as traded on the New York Stock Exchange.

The number of shares of the registrant’s common stock outstanding at February [removed: 9, 2024] [added: 14, 2025] was [removed: 51,977,634.][added: 50,791,921.]

Certain information contained in the definitive proxy statement for the registrant’s [removed: 2024] [added: 2025] annual meeting of stockholders, which will be filed with the Securities and Exchange Commission within 120 days after the end of the fiscal year to which this report relates, is incorporated by reference into Part III hereof.

| 1A. | | | | | | [Risk [removed: Factors](#i4926af01bb774819a26aa658d15f2801_40)] [added: Factors](#i558241d9bac74632ba4d6d5f08fe18c6_43)] | | | [removed: [20](#i4926af01bb774819a26aa658d15f2801_40)] [added: [19](#i558241d9bac74632ba4d6d5f08fe18c6_43)] | | |

| 1B. | | | | | | [Unresolved Staff [removed: Comments](#i4926af01bb774819a26aa658d15f2801_43)] [added: Comments](#i558241d9bac74632ba4d6d5f08fe18c6_46)] | | | [removed: [41](#i4926af01bb774819a26aa658d15f2801_43)] [added: [40](#i558241d9bac74632ba4d6d5f08fe18c6_46)] | | |

| 1C. | | | | | | [removed: [Cybersecurity](#i4926af01bb774819a26aa658d15f2801_2242)] [added: [Cybersecurity](#i558241d9bac74632ba4d6d5f08fe18c6_49)] | | | [removed: [41](#i4926af01bb774819a26aa658d15f2801_2242)] [added: [40](#i558241d9bac74632ba4d6d5f08fe18c6_49)] | | |

| 3 | | | | | | [Legal [removed: Proceedings](#i4926af01bb774819a26aa658d15f2801_49)] [added: Proceedings](#i558241d9bac74632ba4d6d5f08fe18c6_55)] | | | [removed: [42](#i4926af01bb774819a26aa658d15f2801_49)] [added: [41](#i558241d9bac74632ba4d6d5f08fe18c6_55)] | | |

| 4 | | | | | | [Mine Safety [removed: Disclosures](#i4926af01bb774819a26aa658d15f2801_52)] [added: Disclosures](#i558241d9bac74632ba4d6d5f08fe18c6_58)] | | | [removed: [42](#i4926af01bb774819a26aa658d15f2801_52)] [added: [41](#i558241d9bac74632ba4d6d5f08fe18c6_58)] | | |

| 5 | | | | | | [Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity [removed: Securities](#i4926af01bb774819a26aa658d15f2801_58)] [added: Securities](#i558241d9bac74632ba4d6d5f08fe18c6_64)] | | | [removed: [43](#i4926af01bb774819a26aa658d15f2801_58)] [added: [43](#i558241d9bac74632ba4d6d5f08fe18c6_64)] | | |

| 7 | | | | | | [Management’s Discussion and Analysis of Financial Condition and Results of [removed: Operations](#i4926af01bb774819a26aa658d15f2801_64)] [added: Operations](#i558241d9bac74632ba4d6d5f08fe18c6_70)] | | | [removed: [45](#i4926af01bb774819a26aa658d15f2801_64)] [added: [45](#i558241d9bac74632ba4d6d5f08fe18c6_70)] | | |

| 7A. | | | | | | [Quantitative and Qualitative Disclosures About Market [removed: Risk](#i4926af01bb774819a26aa658d15f2801_100)] [added: Risk](#i558241d9bac74632ba4d6d5f08fe18c6_106)] | | | [removed: [60](#i4926af01bb774819a26aa658d15f2801_100)] [added: [62](#i558241d9bac74632ba4d6d5f08fe18c6_106)] | | |

| 8 | | | | | | [Financial Statements and Supplementary [removed: Data](#i4926af01bb774819a26aa658d15f2801_103)] [added: Data](#i558241d9bac74632ba4d6d5f08fe18c6_109)] | | | [removed: [62](#i4926af01bb774819a26aa658d15f2801_103)] [added: [64](#i558241d9bac74632ba4d6d5f08fe18c6_109)] | | |

| 9 | | | | | | [Changes in and Disagreements with Accountants on Accounting and Financial [removed: Disclosure](#i4926af01bb774819a26aa658d15f2801_106)] [added: Disclosure](#i558241d9bac74632ba4d6d5f08fe18c6_112)] | | | [removed: [62](#i4926af01bb774819a26aa658d15f2801_106)] [added: [64](#i558241d9bac74632ba4d6d5f08fe18c6_112)] | | |

| 9A. | | | | | | [Controls and [removed: Procedures](#i4926af01bb774819a26aa658d15f2801_109)] [added: Procedures](#i558241d9bac74632ba4d6d5f08fe18c6_115)] | | | [removed: [63](#i4926af01bb774819a26aa658d15f2801_109)] [added: [64](#i558241d9bac74632ba4d6d5f08fe18c6_115)] | | |

| 9B. | | | | | | [Other [removed: Information](#i4926af01bb774819a26aa658d15f2801_112)] [added: Information](#i558241d9bac74632ba4d6d5f08fe18c6_118)] | | | [removed: [63](#i4926af01bb774819a26aa658d15f2801_112)] [added: [64](#i558241d9bac74632ba4d6d5f08fe18c6_118)] | | |

| 9C. | | | | | | [Disclosure Regarding Foreign Jurisdictions that Prevent [removed: Inspections](#i4926af01bb774819a26aa658d15f2801_115)] [added: Inspections](#i558241d9bac74632ba4d6d5f08fe18c6_121)] | | | [removed: [63](#i4926af01bb774819a26aa658d15f2801_115)] [added: [64](#i558241d9bac74632ba4d6d5f08fe18c6_121)] | | |

| 10 | | | | | | [Directors, Executive Officers and Corporate [removed: Governance](#i4926af01bb774819a26aa658d15f2801_121)] [added: Governance](#i558241d9bac74632ba4d6d5f08fe18c6_127)] | | | [removed: [64](#i4926af01bb774819a26aa658d15f2801_121)] [added: [65](#i558241d9bac74632ba4d6d5f08fe18c6_127)] | | |

| 12 | | | | | | [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder [removed: Matters](#i4926af01bb774819a26aa658d15f2801_127)] [added: Matters](#i558241d9bac74632ba4d6d5f08fe18c6_133)] | | | [removed: [64](#i4926af01bb774819a26aa658d15f2801_127)] [added: [65](#i558241d9bac74632ba4d6d5f08fe18c6_133)] | | |

| 13 | | | | | | [Certain Relationships and Related Transactions, and Director [removed: Independence](#i4926af01bb774819a26aa658d15f2801_130)] [added: Independence](#i558241d9bac74632ba4d6d5f08fe18c6_136)] | | | [removed: [64](#i4926af01bb774819a26aa658d15f2801_130)] [added: [65](#i558241d9bac74632ba4d6d5f08fe18c6_136)] | | |

| 14 | | | | | | [Principal Accounting Fees and [removed: Services](#i4926af01bb774819a26aa658d15f2801_133)] [added: Services](#i558241d9bac74632ba4d6d5f08fe18c6_139)] | | | [removed: [64](#i4926af01bb774819a26aa658d15f2801_133)] [added: [65](#i558241d9bac74632ba4d6d5f08fe18c6_139)] | | |

| 15 | | | | | | [Exhibits and Financial Statement [removed: Schedules](#i4926af01bb774819a26aa658d15f2801_139)] [added: Schedules](#i558241d9bac74632ba4d6d5f08fe18c6_145)] | | | [removed: [65](#i4926af01bb774819a26aa658d15f2801_139)] [added: [66](#i558241d9bac74632ba4d6d5f08fe18c6_145)] | | |

Some statements in “Item 1 [removed: *–*] [added: –] Business” and “Item 7 [removed: *–*] [added: –] Management’s Discussion and Analysis of Financial Condition and Results of Operations” and elsewhere in this Annual Report on Form 10-K for the fiscal year ended December 31, [removed: 2023] [added: 2024] (this “Report”), including our business and financial plans and any statements regarding our anticipated future financial performance, business prospects, growth and operating strategies and similar matters, may constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995.

For a discussion of the factors that could affect our actual results, see “Item 1A [removed: *–*] [added: –] Risk Factors” and “Item 7 [removed: *–*] [added: –] Management’s Discussion and Analysis of Financial Condition and Results of Operations [removed: *–*] [added: –] Critical Factors Affecting Results.”

For the Fiscal Year Ended December 31, 2024

| 1 | | | | | | [Business](#i558241d9bac74632ba4d6d5f08fe18c6_13) | | | [3](#i558241d9bac74632ba4d6d5f08fe18c6_13) | | |

| 2 | | | | | | [Properties](#i558241d9bac74632ba4d6d5f08fe18c6_52) | | | [41](#i558241d9bac74632ba4d6d5f08fe18c6_52) | | |

| 6 | | | | | | [Reserved](#i558241d9bac74632ba4d6d5f08fe18c6_67) | | | [45](#i558241d9bac74632ba4d6d5f08fe18c6_67) | | |

| 11 | | | | | | [Executive Compensation](#i558241d9bac74632ba4d6d5f08fe18c6_130) | | | [65](#i558241d9bac74632ba4d6d5f08fe18c6_130) | | |

| 16 | | | | | | [Form 10-K Summary](#i558241d9bac74632ba4d6d5f08fe18c6_148) | | | [69](#i558241d9bac74632ba4d6d5f08fe18c6_148) | | |

| | | | | | | [Signatures](#i558241d9bac74632ba4d6d5f08fe18c6_151) | | | [70](#i558241d9bac74632ba4d6d5f08fe18c6_151) | | |

| 1 | | | | | | [Business](#i4926af01bb774819a26aa658d15f2801_13) | | | [3](#i4926af01bb774819a26aa658d15f2801_13) | | |

| 2 | | | | | | [Properties](#i4926af01bb774819a26aa658d15f2801_46) | | | [42](#i4926af01bb774819a26aa658d15f2801_46) | | |

| 6 | | | | | | [Reserved](#i4926af01bb774819a26aa658d15f2801_61) | | | [44](#i4926af01bb774819a26aa658d15f2801_61) | | |

| 11 | | | | | | [Executive Compensation](#i4926af01bb774819a26aa658d15f2801_124) | | | [64](#i4926af01bb774819a26aa658d15f2801_124) | | |

| 16. | | | | | | [Form 10-K Summary](#i4926af01bb774819a26aa658d15f2801_142) | | | [68](#i4926af01bb774819a26aa658d15f2801_142) | | |

| | | | | | | [Signatures](#i4926af01bb774819a26aa658d15f2801_145) | | | [69](#i4926af01bb774819a26aa658d15f2801_145) | | |

The Information Technology Committee [added: of the Board] reviews the effectiveness of our cybersecurity controls and procedures, including procedures to identify and assess internal and external risks from cybersecurity threats; controls to prevent and protect from cyberattacks, unauthorized access or other malicious acts and risks; procedures to detect, respond to, mitigate negative effects from and remediate cybersecurity attacks; and controls and procedures for fulfilling applicable regulatory reporting and disclosure obligations of the risks and costs of cybersecurity incidents.

Our Chief Information Security Officer (“CISO”) briefs or provides a report to the Information Technology Committee on our cybersecurity and information security posture and program at least quarterly, including penetration test results and related remediation and significant cybersecurity [removed: incidents, and also provides an annual cybersecurity update to the full Board.][added: incidents.]

Risk owners from the Management Committee, senior leadership and the Global Risk Management function have been assigned to develop risk mitigation plans, which are tracked and reported at least quarterly to the Finance and Risk Committee of the Board and annually to the [added: full] Board.

Our CISO has implemented a management-level governance structure and process to assess, identify, manage and report cybersecurity risks, and [added: to] manage our overall information security program.

We have implemented cybersecurity policies and standards based on leading industry frameworks, including the ISO 27001 standard and the National Institute of Standards and Technology Cybersecurity Framework, and [added: we] regularly assess our policies and practices, including tabletop exercises, aimed at mitigating cybersecurity risks.

In the event of a cybersecurity incident, we follow our Enterprise Information Security Incident Response Plan (the “IRP”), which outlines steps from incident detection to assessment, response, mitigation, recovery and notification, including to key functional areas such as Global Risk [added: Management, Corporate Law, Privacy and Compliance, senior leadership and the Board, as appropriate.]

The IRP includes quantitative and qualitative incident assessment guidance and promotes engagement with multidisciplinary teams across the enterprise to facilitate real-time [removed: information sharing] [added: information-sharing] during a cybersecurity incident.

We require employees to participate in annual cybersecurity training and provide them with additional optional training and awareness materials, and [added: we] regularly engage our employees in phishing exercises, reporting results to the Information Technology Committee.

Our contracts with third parties generally include security and privacy addendums where applicable and require counterparties to meet a specific standard of data security and [added: to] report cybersecurity incidents to us.

Board Oversight

The CISO also provides an annual cybersecurity update to the full Board.

Role of Management

Risk Management Policies and Procedures

Risks from Cybersecurity Threats

Management, Corporate Law, Privacy and Compliance, senior leadership and the Board, as appropriate.

[removed: During third quarter 2023,] [added: In January 2025,] we [removed: submitted] [added: entered into] an agreement to sell our [added: office in] Miami, [removed: Florida location,] [added: Florida,] which had served as a shared office space supporting our Global Lifestyle and Global Housing [removed: businesses, to a potential acquiror, which is subject to review, approval, execution and other conditions.][added: businesses.]

For more information on the [removed: potential] sale, see “Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources.” [removed: We lease office space and device care centers globally, with terms ranging from month-to-month to thirteen years.][added: In addition, we have started marketing for sale the property located in Florence, South Carolina.]

In December 2024, we started marketing for sale the property located in Florence, South Carolina.

We lease office space and device care centers globally, with terms ranging from month-to-month to twelve years.

See Notes 13 and 26 to the Consolidated Financial Statements included elsewhere in this Report for additional information about our properties.

Our common stock is listed on the NYSE under the symbol “AIZ.” On February [removed: 9, 2024,] [added: 14, 2025,] there were approximately [removed: 203] [added: 216] registered holders of record of our common stock.

The following graph compares the cumulative total return (stock price increase plus reinvestment of dividends paid) on our common stock from December 31, [removed: 2018] [added: 2019] through December 31, [removed: 2023] [added: 2024] with the cumulative total returns for the S&P 400 MidCap Index and the S&P 500 Index, as the broad equity market indexes, and the S&P 500 Multi-line Insurance [removed: Index,] [added: Index and the S&P 1500 Property & Casualty Index (“S&P 1500 P&C Index”),] as the published industry [removed: index.][added: indexes.]

The graph assumes that the value of the investment in our common stock and each index was $100 on December 31, [removed: 2018] [added: 2019] and that all dividends were reinvested.

[removed: ][added: ]

| | | | Initial Investment at [removed: 12/31/2018] [added: 12/31/2019] | | | | | | TOTAL VALUES December 31, | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Security / Index | | | [removed: 2019] [added: 2020] | | | | | | [removed: 2020] [added: 2021] | | | | | | [removed: 2021] [added: 2022] | | | | | | [removed: 2022] [added: 2023] | | | | | | [removed: 2023] [added: 2024] | | | | | | | | |

| Security / Index | | | | | | | | | [removed: 2019] [added: 2020] | | | | | | [removed: 2020] [added: 2021] | | | | | | [removed: 2021] [added: 2022] | | | | | | [removed: 2022] [added: 2023] | | | | | | [removed: 2023] [added: 2024] | | |

| Assurant, Inc. Common Stock | | | | | | | | | [removed: 49.78] [added: 6.09] | | % | | | | [removed: 6.09] [added: 16.46] | | % | | | | [removed: 16.46] [added: (18.34)] | | % | | | | [removed: (18.34)] [added: 37.52] | | % | | | | [removed: 37.52] [added: 28.55] | | % |

| S&P 500 Index | | | | | | | | | [removed: 31.49] [added: 18.40] | | | | | | [removed: 18.40] [added: 28.71] | | | | | | [removed: 28.71] [added: (18.11)] | | | | | | [removed: (18.11)] [added: 26.29] | | | | | | [removed: 26.29] [added: 25.02] | | |

| S&P 400 MidCap Index | | | | | | | | | [removed: 26.20] [added: 13.66] | | | | | | [removed: 13.66] [added: 24.76] | | | | | | [removed: 24.76] [added: (13.06)] | | | | | | [removed: (13.06)] [added: 16.44] | | | | | | [removed: 16.44] [added: 13.93] | | |

| S&P 500 Multi-line Insurance Index | | | | | | | | | [removed: 35.64] [added: (18.28)] | | | | | | [removed: (18.28)] [added: 45.78] | | | | | | [removed: 45.78] [added: 9.67] | | | | | | [removed: 9.67] [added: 12.21] | | | | | | [removed: 12.21] [added: 8.12] | | |

The table below provides information regarding purchases of our common stock during the fourth quarter of [removed: 2023.][added: 2024.]

| Period in [removed: 2023] [added: 2024] | | | Total Number of Shares Purchased | | | | | | Average Price Paid Per Share | | | | | | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (1) | | | | | | Approximate Dollar Value of Shares that May Yet be Purchased Under the Plans or Programs (1) | | |

(1)Shares purchased pursuant to the [removed: May 2021] [added: November 2023] publicly announced share repurchase [removed: authorizations] [added: authorization] of up to [removed: $900.0] [added: $600.0] million aggregate cost at purchase of outstanding common stock.

As of December 31, [removed: 2023, $674.5] [added: 2024, $374.5] million aggregate cost at purchase remained unused under the repurchase [removed: authorizations.][added: authorization.]

See “Item 1A [removed: *–*] [added: –] Risk Factors [removed: *–*] [added: –] Financial Risks [removed: *–*] [added: –] *Our subsidiaries’ inability to pay us sufficient dividends could prevent us from meeting our obligations and paying future stockholder [removed: dividends.*”] [added: dividends*.”] For the year ending December 31, [removed: 2024,] [added: 2025,] the maximum amount of dividends our regulated U.S. domiciled insurance subsidiaries could pay us under applicable laws and regulations, without prior regulatory approval, is approximately [removed: $592.4] [added: $524.2] million.

Dividends or returns of capital paid by our subsidiaries, net of infusions of liquid assets and excluding amounts used for acquisitions or received from dispositions, was [removed: approximately $772.6 million for the year ended December 31, 2023, of which $622.7 million was generated by our U.S. domiciled insurance subsidiaries.]

Beginning with the 2024 Form 10-K, we changed one of our benchmark indexes from the S&P 500 Multi-line Insurance Index to the S&P 1500 P&C Index, as we believe it better reflects our current mix of businesses after our multi-year transformation that included exiting preneed, health and life insurance-related businesses.

Data for the S&P 500 Multi-line Insurance Index is provided for comparison purposes only as we transition to use of the S&P 1500 P&C Index.

| Assurant, Inc. Common Stock | | | $ | 100.00 | | | | | $ | 106.09 | | | | | $ | 123.55 | | | | | $ | 100.90 | | | | | $ | 138.75 | | | | | $ | 178.36 | |

| S&P 500 Index | | | 100.00 | | | | | | 118.40 | | | | | | 152.39 | | | | | | 124.79 | | | | | | 157.59 | | | | | | 197.02 | | |

| S&P 400 MidCap Index | | | 100.00 | | | | | | 113.66 | | | | | | 141.80 | | | | | | 123.28 | | | | | | 143.54 | | | | | | 163.54 | | |

| S&P 500 Multi-line Insurance Index | | | 100.00 | | | | | | 81.72 | | | | | | 119.13 | | | | | | 130.65 | | | | | | 146.61 | | | | | | 158.51 | | |

| S&P 1500 P&C Index | | | 100.00 | | | | | | 105.39 | | | | | | 126.01 | | | | | | 144.67 | | | | | | 160.50 | | | | | | 214.39 | | |

| S&P 1500 P&C Index | | | | | | | | | 5.39 | | | | | | 19.57 | | | | | | 14.80 | | | | | | 10.94 | | | | | | 33.58 | | |

| October 1 – October 31 | | | 98,507 | | | | | | $ | 194.37 | | | | | 98,507 | | | | | | $ | 475.4 | |

| November 1 – November 30 | | | 134,992 | | | | | | 223.27 | | | | | | 134,992 | | | | | | 445.2 | | |

| December 1 – December 31 | | | 325,011 | | | | | | 217.47 | | | | | | 325,011 | | | | | | 374.5 | | |

| Total fourth quarter | | | 558,510 | | | | | | $ | 214.80 | | | | | 558,510 | | | | | | $ | 374.5 | |

approximately $804.7 million for the year ended December 31, 2024, of which $420.0 million was generated by our U.S. domiciled insurance subsidiaries.

| Assurant, Inc. Common Stock | | | $ | 100.00 | | | | | $ | 149.78 | | | | | $ | 158.91 | | | | | $ | 185.06 | | | | | $ | 151.12 | | | | | $ | 207.82 | |

| S&P 500 Index | | | 100.00 | | | | | | 131.49 | | | | | | 155.68 | | | | | | 200.37 | | | | | | 164.08 | | | | | | 207.21 | | |

| S&P 400 MidCap Index | | | 100.00 | | | | | | 126.20 | | | | | | 143.44 | | | | | | 178.95 | | | | | | 155.58 | | | | | | 181.15 | | |

| S&P 500 Multi-line Insurance Index | | | 100.00 | | | | | | 135.64 | | | | | | 110.85 | | | | | | 161.59 | | | | | | 177.22 | | | | | | 198.86 | | |

| October 1 – October 31 | | | 204,054 | | | | | | $ | 147.01 | | | | | 204,054 | | | | | | $ | 174.5 | |

| November 1 – November 30 | | | 100,411 | | | | | | 165.98 | | | | | | 100,411 | | | | | | 757.8 | | |

| December 1 – December 31 | | | 497,301 | | | | | | 167.57 | | | | | | 497,301 | | | | | | 674.5 | | |

| Total fourth quarter | | | 801,766 | | | | | | $ | 162.14 | | | | | 801,766 | | | | | | $ | 674.5 | |

In November 2023, the Board authorized an additional share repurchase program for up to $600.0 million aggregate cost at purchase of outstanding common stock.

Our management, with the participation of our CEO and our CFO, has evaluated the effectiveness of our disclosure controls and procedures pursuant to Rule 13a-15(b) or 15d-15(b) under the Exchange Act as of December 31, [removed: 2023.][added: 2024.]

Based on such evaluation, management, including our CEO and CFO, has concluded that as of December 31, [removed: 2023,] [added: 2024,] our disclosure controls and procedures were effective and provide reasonable assurance that information we are required to disclose in our reports under the Exchange Act is recorded, processed, summarized and reported within the time periods specified by the SEC’s rules and forms.

Our CEO and CFO also have concluded that as of December 31, [removed: 2023,] [added: 2024,] information that we are required to disclose in our reports under the Exchange Act is accumulated and communicated to our management, including our CEO and CFO, as appropriate to allow timely decisions regarding required disclosure.

Our management, with the participation of our CEO and CFO, evaluated the effectiveness of our internal control over financial reporting as of December 31, [removed: 2023] [added: 2024] using criteria established in Internal Control – Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

Management, including our CEO and CFO, based on its evaluation of our internal control over financial reporting, has concluded that our internal control over financial reporting was effective as of December 31, [removed: 2023.][added: 2024.]

The effectiveness of our internal control over financial reporting as of December 31, [removed: 2023] [added: 2024] has been audited by PricewaterhouseCoopers LLP, an independent registered public accounting firm, as stated in their report which appears herein.

There were no changes in our internal control over financial reporting during the quarterly period ended December 31, [removed: 2023] [added: 2024] that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

The information required under this Item 10 regarding directors is incorporated by reference to the information in our upcoming [removed: 2024] [added: 2025] Proxy Statement (the [removed: “2024] [added: “2025] Proxy Statement”) under the caption “Proposals Requiring Your Vote – Proposal One – Election of [removed: Directors”.][added: Directors.” The information required under this Item 10 regarding executive officers is incorporated by reference to the information in the 2025 Proxy Statement under the caption “Executive Officers.” The information required under this Item 10 regarding compliance with Section 16(a) of the Exchange Act is incorporated by reference to the information in the 2025 Proxy Statement under the caption “Delinquent Section 16(a) Reports,” if included in the 2025 Proxy Statement.]

The information required under this Item 10 regarding [added: our Code of Business Conduct and Ethics is incorporated by reference to] the [added: information in the 2025 Proxy Statement under the caption “Corporate Governance – Corporate Governance Guidelines and Code of Ethics – Code of Ethics.” The information required under this Item 10 regarding the] Nominating and Corporate Governance Committee and the Audit Committee is incorporated by reference to the information in the [removed: 2024] [added: 2025] Proxy Statement under the captions “Corporate Governance – Director [added: Refreshment,] Recruitment, Nomination and [removed: Qualifications”,] [added: Qualifications,”] “Corporate Governance – Board and Committee [removed: Leadership, Composition] [added: Leadership] and [removed: Refreshment”,] [added: Composition,”] “Corporate Governance – Audit Committee” and “Corporate Governance – Director [removed: Independence”.][added: Independence.” The information about the Company’s insider trading policies and procedures that is required under this Item 10 is incorporated by reference to the information in the 2025 Proxy Statement under the caption “Compensation Discussion and Analysis – Our Executive Compensation Practices, Policies & Guidelines – Insider Trading Policy and Prohibitions on Hedging, Pledging and Speculative Transactions.” A copy of the Company’s Insider Trading Policy is filed as an exhibit to this Report.]

The information required under this Item 10 regarding executive officers is incorporated by reference to the information in the 2024 Proxy Statement under the caption “Executive Officers”.

The information required under this Item 10 regarding compliance with Section 16(a) of the Exchange Act is incorporated by reference to the information in the 2024 Proxy Statement under the caption “Delinquent Section 16(a) Reports”, if included in the 2024 Proxy Statement.

The information required under this Item 10 regarding our Code of Business Conduct and Ethics is incorporated by reference to the information in the 2024 Proxy Statement under the caption “Corporate Governance – Corporate Governance Guidelines and Code of Ethics – Code of Ethics”.

The information required under this Item 11 is incorporated by reference to the information in the [removed: 2024] [added: 2025] Proxy Statement under the captions “Compensation Discussion and [removed: Analysis”,] [added: Analysis,”] “Executive Compensation” and “Director [removed: Compensation”.][added: Compensation.” The information required under this Item 11 is incorporated by reference to the information in the 2025 Proxy Statement regarding the Compensation and Talent Committee under the captions “Corporate Governance – Compensation and Talent Committee Interlocks and Insider Participation” and “Compensation and Talent Committee Report.”]

The information required under this Item 11 is incorporated by reference to the information in the 2024 Proxy Statement regarding the Compensation and Talent Committee under the captions “Corporate Governance – Compensation and Talent Committee Interlocks and Insider Participation” and “Compensation and Talent Committee Report”.

The information required under this Item 12 is incorporated by reference to the information in the [removed: 2024] [added: 2025] Proxy Statement under the captions “Equity Compensation Plan [removed: Information”,] [added: Information,”] “Security Ownership of Certain Beneficial Owners” and “Security Ownership of Directors and Executive [removed: Officers”.][added: Officers.”]

The information required under this Item 13 is incorporated by reference to the information in the [removed: 2024] [added: 2025] Proxy Statement under the captions “Transactions with Related Persons” and “Corporate Governance – Director [removed: Independence”.][added: Independence.”]

The information required under this Item 14 is incorporated by reference to the information in the [removed: 2024] [added: 2025] Proxy Statement under the caption “Audit Committee Matters – Fees of Principal [removed: Accountants”.][added: Accountants.”]

| [Report of Independent Registered Public Accounting [removed: Firm](#i4926af01bb774819a26aa658d15f2801_148)] [added: Firm](#i558241d9bac74632ba4d6d5f08fe18c6_154)] (PCAOB ID 238) | | | [removed: F-[1](#i4926af01bb774819a26aa658d15f2801_148)] [added: F-[1](#i558241d9bac74632ba4d6d5f08fe18c6_154)] | | |

| [Consolidated Balance Sheets as of December 31, [removed: 2023 and 2022](#i4926af01bb774819a26aa658d15f2801_154)] [added: 202](#i558241d9bac74632ba4d6d5f08fe18c6_160)[4](#i558241d9bac74632ba4d6d5f08fe18c6_160) [and 202](#i558241d9bac74632ba4d6d5f08fe18c6_160)[3](#i558241d9bac74632ba4d6d5f08fe18c6_160)] | | | [removed: F-[3](#i4926af01bb774819a26aa658d15f2801_154)] [added: F-[3](#i558241d9bac74632ba4d6d5f08fe18c6_160)] | | |

| [Consolidated Statements of Operations For Years Ended December 31, [removed: 2023, 2022 and 2021](#i4926af01bb774819a26aa658d15f2801_157)] [added: 202](#i558241d9bac74632ba4d6d5f08fe18c6_163)[4](#i558241d9bac74632ba4d6d5f08fe18c6_163)[, 202](#i558241d9bac74632ba4d6d5f08fe18c6_163)[3](#i558241d9bac74632ba4d6d5f08fe18c6_163) [and 202](#i558241d9bac74632ba4d6d5f08fe18c6_163)[2](#i558241d9bac74632ba4d6d5f08fe18c6_163)] | | | [removed: F-[4](#i4926af01bb774819a26aa658d15f2801_157)] [added: F-[4](#i558241d9bac74632ba4d6d5f08fe18c6_163)] | | |

| [Consolidated Statements of Comprehensive Income For Years Ended December 31, [removed: 2023, 2022 and 2021](#i4926af01bb774819a26aa658d15f2801_160)] [added: 202](#i558241d9bac74632ba4d6d5f08fe18c6_166)[4](#i558241d9bac74632ba4d6d5f08fe18c6_166)[, 202](#i558241d9bac74632ba4d6d5f08fe18c6_166)[3](#i558241d9bac74632ba4d6d5f08fe18c6_166) [and 202](#i558241d9bac74632ba4d6d5f08fe18c6_166)[2](#i558241d9bac74632ba4d6d5f08fe18c6_166)] | | | [removed: F-[5](#i4926af01bb774819a26aa658d15f2801_160)] [added: F-[5](#i558241d9bac74632ba4d6d5f08fe18c6_166)] | | |

| [Consolidated Statements of Changes in Stockholders’ Equity For Years Ended December 31, [removed: 2023, 2022 and 2021](#i4926af01bb774819a26aa658d15f2801_163)] [added: 202](#i558241d9bac74632ba4d6d5f08fe18c6_169)[4](#i558241d9bac74632ba4d6d5f08fe18c6_169)[, 202](#i558241d9bac74632ba4d6d5f08fe18c6_169)[3](#i558241d9bac74632ba4d6d5f08fe18c6_169) [and 202](#i558241d9bac74632ba4d6d5f08fe18c6_169)[2](#i558241d9bac74632ba4d6d5f08fe18c6_169)] | | | [removed: F-[6](#i4926af01bb774819a26aa658d15f2801_163)] [added: F-[6](#i558241d9bac74632ba4d6d5f08fe18c6_169)] | | |

| [Consolidated Statements of Cash Flows For Years Ended December 31, [removed: 2023, 2022 and 2021](#i4926af01bb774819a26aa658d15f2801_166)] [added: 202](#i558241d9bac74632ba4d6d5f08fe18c6_172)[4](#i558241d9bac74632ba4d6d5f08fe18c6_172)[, 202](#i558241d9bac74632ba4d6d5f08fe18c6_172)[3](#i558241d9bac74632ba4d6d5f08fe18c6_172) [and 202](#i558241d9bac74632ba4d6d5f08fe18c6_172)[2](#i558241d9bac74632ba4d6d5f08fe18c6_172)] | | | [removed: F-[7](#i4926af01bb774819a26aa658d15f2801_166)] [added: F-[7](#i558241d9bac74632ba4d6d5f08fe18c6_172)] | | |

| [Notes to the Consolidated Financial [removed: Statements](#i4926af01bb774819a26aa658d15f2801_169)] [added: Statements](#i558241d9bac74632ba4d6d5f08fe18c6_175)] | | | [removed: F-[8](#i4926af01bb774819a26aa658d15f2801_169)] [added: F-[8](#i558241d9bac74632ba4d6d5f08fe18c6_175)] | | |

| [Schedule I – Summary of Investments Other Than Investments in Related Parties as of December 31, [removed: 2023](#i4926af01bb774819a26aa658d15f2801_268)] [added: 202](#i558241d9bac74632ba4d6d5f08fe18c6_271)[4](#i558241d9bac74632ba4d6d5f08fe18c6_271)] | | | [removed: F-[77](#i4926af01bb774819a26aa658d15f2801_268)] [added: F-[75](#i558241d9bac74632ba4d6d5f08fe18c6_271)] | | |

| [Schedule II – Parent Only Condensed Financial Statements as of December 31, 2023 and 2022 and for Years Ended December 31, [removed: 2023, 2022 and 2021](#i4926af01bb774819a26aa658d15f2801_271)] [added: 202](#i558241d9bac74632ba4d6d5f08fe18c6_274)[4](#i558241d9bac74632ba4d6d5f08fe18c6_274)[, 202](#i558241d9bac74632ba4d6d5f08fe18c6_274)[3](#i558241d9bac74632ba4d6d5f08fe18c6_274) [and 202](#i558241d9bac74632ba4d6d5f08fe18c6_274)[2](#i558241d9bac74632ba4d6d5f08fe18c6_274)] | | | [removed: F-[78](#i4926af01bb774819a26aa658d15f2801_271)] [added: F-[76](#i558241d9bac74632ba4d6d5f08fe18c6_274)] | | |

| [Schedule III – Supplementary Insurance Information as of December 31, [removed: 2023, 2022 and 2021](#i4926af01bb774819a26aa658d15f2801_286)] [added: 202](#i558241d9bac74632ba4d6d5f08fe18c6_289)[4](#i558241d9bac74632ba4d6d5f08fe18c6_289)[, 202](#i558241d9bac74632ba4d6d5f08fe18c6_289)[3](#i558241d9bac74632ba4d6d5f08fe18c6_289) [and 202](#i558241d9bac74632ba4d6d5f08fe18c6_289)[2](#i558241d9bac74632ba4d6d5f08fe18c6_289)] | | | [removed: F-[83](#i4926af01bb774819a26aa658d15f2801_286)] [added: F-[81](#i558241d9bac74632ba4d6d5f08fe18c6_289)] | | |

| [Schedule V – Valuation and Qualifying Accounts as of December 31, [removed: 2023, 2022 and 2021](#i4926af01bb774819a26aa658d15f2801_292)] [added: 202](#i558241d9bac74632ba4d6d5f08fe18c6_295)[4](#i558241d9bac74632ba4d6d5f08fe18c6_295)[, 202](#i558241d9bac74632ba4d6d5f08fe18c6_295)[3](#i558241d9bac74632ba4d6d5f08fe18c6_295) [and 202](#i558241d9bac74632ba4d6d5f08fe18c6_295)[2](#i558241d9bac74632ba4d6d5f08fe18c6_295)] | | | [removed: F-[85](#i4926af01bb774819a26aa658d15f2801_292)] [added: F-[83](#i558241d9bac74632ba4d6d5f08fe18c6_295)] | | |

| [removed: [2.1](http://www.sec.gov/Archives/edgar/data/1267238/000119312515316168/d77032dex21.htm)] [added: [2.1](https://www.sec.gov/Archives/edgar/data/1267238/000119312515316168/d77032dex21.htm)] | | | [Master Transaction Agreement, dated as of September 9, 2015, by and between Assurant, Inc. and Sun Life Assurance Company of Canada (incorporated by reference from Exhibit 2.1 to the Registrant’s Current Report on Form 8-K, originally filed on September 10, [removed: 2015).](http://www.sec.gov/Archives/edgar/data/1267238/000119312515316168/d77032dex21.htm)] [added: 2015).](https://www.sec.gov/Archives/edgar/data/1267238/000119312515316168/d77032dex21.htm)] | | |

| [removed: [2.2](http://www.sec.gov/Archives/edgar/data/1267238/000119312518006507/d501809dex21.htm)] [added: [2.2](https://www.sec.gov/Archives/edgar/data/1267238/000119312518006507/d501809dex21.htm)] | | | [Amended and Restated Agreement and Plan of Merger, dated as of January 8, 2018, by and among Assurant, Inc., TWG Holdings Limited, TWG Re, Ltd., Arbor Merger Sub, Inc. and Spartan Merger Sub, Ltd. (incorporated by reference from Exhibit 2.1 to the [removed: Registrant](http://www.sec.gov/Archives/edgar/data/1267238/000119312518006507/d501809dex21.htm)[’](http://www.sec.gov/Archives/edgar/data/1267238/000119312513132546/d513454dex41.htm)[s] [added: Registrant](https://www.sec.gov/Archives/edgar/data/1267238/000119312518006507/d501809dex21.htm)[’](http://www.sec.gov/Archives/edgar/data/1267238/000119312513132546/d513454dex41.htm)[s] Current Report on Form 8-K, originally filed on January 9, 2018).](http://www.sec.gov/Archives/edgar/data/1267238/000119312518006507/d501809dex21.htm) | | |

| [removed: [2.3](http://www.sec.gov/Archives/edgar/data/1267238/000119312518180353/d596665dex22.htm)] [added: [2.3](https://www.sec.gov/Archives/edgar/data/1267238/000119312518180353/d596665dex22.htm)] | | | [Letter Agreement, dated as of May 31, 2018, by and among Assurant, Inc., TWG Holdings Limited, TWG Re, Ltd and Spartan Merger Sub, Ltd. (incorporated by reference from Exhibit 2.2 to the Registrant’s Current Report on Form 8-K, originally filed on May 31, [removed: 2018).](http://www.sec.gov/Archives/edgar/data/1267238/000119312518180353/d596665dex22.htm)] [added: 2018).](https://www.sec.gov/Archives/edgar/data/1267238/000119312518180353/d596665dex22.htm)] | | |

| [removed: [2.4](http://www.sec.gov/Archives/edgar/data/1267238/000119312521073889/d347932dex21.htm)] [added: [2.4](https://www.sec.gov/Archives/edgar/data/1267238/000119312521073889/d347932dex21.htm)] | | | [Equity Purchase Agreement, dated as of March 8, 2021, by and among Assurant, Inc., Interfinancial Inc., CMFG Life Insurance Company and TruStage Global Holdings, ULC (incorporated by reference from Exhibit 2.1 to the Registrant’s Current Report on Form 8-K originally filed on March 9, [removed: 2021).](http://www.sec.gov/Archives/edgar/data/1267238/000119312521073889/d347932dex21.htm)] [added: 2021).](https://www.sec.gov/Archives/edgar/data/1267238/000119312521073889/d347932dex21.htm)] | | |

| [removed: [3.1](http://www.sec.gov/Archives/edgar/data/1267238/000119312517168584/d392723dex31.htm)] [added: [3.1](https://www.sec.gov/Archives/edgar/data/1267238/000119312517168584/d392723dex31.htm)] | | | [Amended and Restated Certificate of Incorporation of Assurant, Inc. (incorporated by reference from Exhibit 3.1 to the Registrant’s Current Report on Form 8-K, originally filed on May 12, [removed: 2017).](http://www.sec.gov/Archives/edgar/data/1267238/000119312517168584/d392723dex31.htm)] [added: 2017).](https://www.sec.gov/Archives/edgar/data/1267238/000119312517168584/d392723dex31.htm)] | | |

| [removed: [3.2](http://www.sec.gov/Archives/edgar/data/1267238/000126723822000042/ex31arbylaws-nov2022.htm)] [added: [3.2](https://www.sec.gov/Archives/edgar/data/1267238/000126723822000042/ex31arbylaws-nov2022.htm)] | | | [Amended and Restated By-Laws of Assurant, Inc., effective as of November 10, 2022 (incorporated by reference from Exhibit 3.1 to the Registrant’s Form 8-K, originally filed on November 14, [removed: 2022).](http://www.sec.gov/Archives/edgar/data/1267238/000126723822000042/ex31arbylaws-nov2022.htm)] [added: 2022).](https://www.sec.gov/Archives/edgar/data/1267238/000126723822000042/ex31arbylaws-nov2022.htm)] | | |

| [removed: [3.3](http://www.sec.gov/Archives/edgar/data/1267238/000095010318003236/dp87986_ex0301.htm)] [added: [3.3](https://www.sec.gov/Archives/edgar/data/1267238/000095010318003236/dp87986_ex0301.htm)] | | | [Certificate of Designations of 6.50% Series D Mandatory Convertible Preferred Stock, filed with the Secretary of State of Delaware on March 12, 2018 (incorporated by reference from Exhibit 3.1 to the Registrant’s Current Report on Form 8-K, originally filed on March 12, [removed: 2018).](http://www.sec.gov/Archives/edgar/data/1267238/000095010318003236/dp87986_ex0301.htm)] [added: 2018).](https://www.sec.gov/Archives/edgar/data/1267238/000095010318003236/dp87986_ex0301.htm)] | | |

| [removed: [4.1](http://www.sec.gov/Archives/edgar/data/1267238/000095012304000319/y90597a2exv4w1.txt)] [added: [4.1](https://www.sec.gov/Archives/edgar/data/1267238/000095012304000319/y90597a2exv4w1.txt)] | | | [Specimen Common Stock Certificate (incorporated by reference from Exhibit 4.1 to the Registrant’s Registration Statement on Form S-1/A and amendments thereto, originally filed on January 13, [removed: 2004).](http://www.sec.gov/Archives/edgar/data/1267238/000095012304000319/y90597a2exv4w1.txt)] [added: 2004).](https://www.sec.gov/Archives/edgar/data/1267238/000095012304000319/y90597a2exv4w1.txt)] | | |

| [removed: [4.2](http://www.sec.gov/Archives/edgar/data/1267238/000095012304003991/y95546exv10w27.txt)] [added: [4.2](https://www.sec.gov/Archives/edgar/data/1267238/000095012304003991/y95546exv10w27.txt)] | | | [Senior Debt Indenture, dated as of February 18, 2004, between Assurant, Inc. and U.S. Bank National Association, successor to SunTrust Bank, as trustee (incorporated by reference from Exhibit 10.27 to the Registrant’s Annual Report on Form 10-K, originally filed on March 30, [removed: 2004).](http://www.sec.gov/Archives/edgar/data/1267238/000095012304003991/y95546exv10w27.txt)] [added: 2004).](https://www.sec.gov/Archives/edgar/data/1267238/000095012304003991/y95546exv10w27.txt)] | | |

| [removed: [4.3](http://www.sec.gov/Archives/edgar/data/1267238/000119312513132546/d513454dex41.htm)] [added: [4.3](https://www.sec.gov/Archives/edgar/data/1267238/000119312513132546/d513454dex41.htm)] | | | [Indenture, dated as of March 28, 2013, between Assurant, Inc. and U.S. Bank National Association, as trustee (incorporated by reference from Exhibit 4.1 to the Registrant’s Form 8-K, originally filed on March 28, [removed: 2013).](http://www.sec.gov/Archives/edgar/data/1267238/000119312513132546/d513454dex41.htm)] [added: 2013).](https://www.sec.gov/Archives/edgar/data/1267238/000119312513132546/d513454dex41.htm)] | | |

| [removed: [4.4](http://www.sec.gov/Archives/edgar/data/1267238/000119312523053995/d442417dex42.htm)] [added: [4.4](https://www.sec.gov/Archives/edgar/data/1267238/000119312523053995/d442417dex42.htm)] | | | [First Supplemental Indenture, dated as of February 28, 2023, between Assurant, Inc. and U.S. Bank Trust Company, National Association (successor to U.S. Bank National Association), as trustee (incorporated by reference from Exhibit 4.2 to the Registrant’s Form 8-K, originally filed on February 28, [removed: 2023).](http://www.sec.gov/Archives/edgar/data/1267238/000119312523053995/d442417dex42.htm)] [added: 2023).](https://www.sec.gov/Archives/edgar/data/1267238/000119312523053995/d442417dex42.htm)] | | |

| [removed: [4.5](http://www.sec.gov/Archives/edgar/data/1267238/000095010318003779/dp88500_ex0402.htm)] [added: [4.5](https://www.sec.gov/Archives/edgar/data/1267238/000095010318003779/dp88500_ex0402.htm)] | | | [Subordinated Indenture, dated as of March 27, 2018, between Assurant, Inc. and U.S. Bank National Association, as trustee (incorporated by reference from Exhibit 4.2 to the Registrant’s Current Report on Form 8-K, originally filed on March 27, [removed: 2018).](http://www.sec.gov/Archives/edgar/data/1267238/000095010318003779/dp88500_ex0402.htm)] [added: 2018).](https://www.sec.gov/Archives/edgar/data/1267238/000095010318003779/dp88500_ex0402.htm)] | | |

| [removed: [4.6](http://www.sec.gov/Archives/edgar/data/1267238/000126723822000006/aiz12312021-ex45.htm)] [added: [97](https://www.sec.gov/Archives/edgar/data/1267238/000126723824000008/aiz12312023-ex974q23.htm)] | | | [removed: [Description] [added: [Assurant, Inc. Compensation Clawback Policy, effective as] of [removed: the Registrant’s Securities] [added: October 2, 2023] (incorporated by reference from Exhibit [removed: 4.5] [added: 97] to the Registrant’s Annual Report on Form 10-K, originally filed on February [removed: 22, 2022).](http://www.sec.gov/Archives/edgar/data/1267238/000126723822000006/aiz12312021-ex45.htm)] [added: 15, 2024). *](https://www.sec.gov/Archives/edgar/data/1267238/000126723824000008/aiz12312023-ex974q23.htm)] | | |

| [removed: [10.1](http://www.sec.gov/Archives/edgar/data/1267238/000119312513067448/d475468dex102.htm)] [added: [10.1](https://www.sec.gov/Archives/edgar/data/1267238/000119312513067448/d475468dex102.htm)] | | | [Form of Assurant, Inc. Restricted Stock Unit Award Agreement for [removed: Time-](http://www.sec.gov/Archives/edgar/data/1267238/000119312513067448/d475468dex102.htm)[B](http://www.sec.gov/Archives/edgar/data/1267238/000119312513067448/d475468dex102.htm)[ased] [added: Time-Based] Awards for Directors, effective as of January 1, 2013 (incorporated by reference from Exhibit 10.2 to the [removed: Registrant](http://www.sec.gov/Archives/edgar/data/1267238/000119312513067448/d475468dex102.htm)[’](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1015.htm)[s] [added: Registrant](https://www.sec.gov/Archives/edgar/data/1267238/000119312513067448/d475468dex102.htm)[’](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1015.htm)[s] Annual Report on Form 10-K, originally filed on February 20, 2013). *](http://www.sec.gov/Archives/edgar/data/1267238/000119312513067448/d475468dex102.htm) | | |

| [removed: [10.2](http://www.sec.gov/Archives/edgar/data/1267238/000119312513067448/d475468dex103.htm)] [added: [10.2](https://www.sec.gov/Archives/edgar/data/1267238/000119312513067448/d475468dex103.htm)] | | | [Form of Assurant, Inc. Restricted Stock Unit Award Agreement for [removed: Time-](http://www.sec.gov/Archives/edgar/data/1267238/000119312513067448/d475468dex103.htm)[B](http://www.sec.gov/Archives/edgar/data/1267238/000119312513067448/d475468dex103.htm)[ased] [added: Time-Based] Awards for Directors, effective as of January 1, 2013 (incorporated by reference from Exhibit 10.3 to the [removed: Registrant](http://www.sec.gov/Archives/edgar/data/1267238/000119312513067448/d475468dex103.htm)[’](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1015.htm)[s] [added: Registrant](https://www.sec.gov/Archives/edgar/data/1267238/000119312513067448/d475468dex103.htm)[’](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1015.htm)[s] Annual Report on Form 10-K, originally filed on February 20, 2013). *](http://www.sec.gov/Archives/edgar/data/1267238/000119312513067448/d475468dex103.htm) | | |

| [removed: [10.3](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1015.htm)] [added: [10.3](https://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1015.htm)] | | | [Amended and Restated Assurant, Inc. Long Term Equity Incentive Plan, effective as of January 1, 2012 (incorporated by reference from Exhibit 10.15 to the Registrant’s Annual Report on Form 10-K, originally filed on February 23, 2012). [removed: *](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1015.htm)] [added: *](https://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1015.htm)] | | |

| [removed: [10.4](http://www.sec.gov/Archives/edgar/data/1267238/000119312517168599/d383686dex101.htm)] [added: [10.4](https://www.sec.gov/Archives/edgar/data/1267238/000119312517168599/d383686dex101.htm)] | | | [Form of Assurant, Inc. Restricted Stock Unit Award Agreement for [removed: Time-](http://www.sec.gov/Archives/edgar/data/1267238/000119312517168599/d383686dex101.htm)[B](http://www.sec.gov/Archives/edgar/data/1267238/000119312517168599/d383686dex101.htm)[ased] [added: Time-Based] Awards for Directors, under the Assurant, Inc. 2017 Long Term Equity Incentive Plan (incorporated by reference from Exhibit 10.1 to the [removed: Registrant](http://www.sec.gov/Archives/edgar/data/1267238/000119312517168599/d383686dex101.htm)[’](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1015.htm)[s] [added: Registrant](https://www.sec.gov/Archives/edgar/data/1267238/000119312517168599/d383686dex101.htm)[’](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1015.htm)[s] Form S-8, originally filed on May 12, 2017). *](http://www.sec.gov/Archives/edgar/data/1267238/000119312517168599/d383686dex101.htm) | | |

| [removed: [10.5](http://www.sec.gov/Archives/edgar/data/1267238/000126723823000009/exhibit101-formofdirectors.htm)] [added: [10.5](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000009/exhibit101-formofdirectors.htm)] | | | [Form of Assurant, Inc. Restricted Stock Unit Award Agreement for Time-Based Awards for Non-Employee Directors, effective as of January 18, 2023 (incorporated by reference from Exhibit 10.1 to the Registrant’s Current Report on Form 8-K, originally filed on March 13, [removed: 2023).](http://www.sec.gov/Archives/edgar/data/1267238/000126723823000009/exhibit101-formofdirectors.htm)] [added: 2023).](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000009/exhibit101-formofdirectors.htm)] | | |

| [removed: [10.6](http://www.sec.gov/Archives/edgar/data/1267238/000126723823000029/aiz-20230331ex101.htm)] [added: [10.6](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000029/aiz-20230331ex101.htm)] | | | [Form of Assurant, Inc. Restricted Stock Unit Award Agreement for Time-Based Awards, effective as of January 18, 2023 (incorporated by reference from Exhibit 10.1 to the Registrant’s Quarterly Report on Form 10-Q, originally filed on May 4, [removed: 2023).](http://www.sec.gov/Archives/edgar/data/1267238/000126723823000029/aiz-20230331ex101.htm)] [added: 2023).](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000029/aiz-20230331ex101.htm)] | | |

| [removed: [10.7](http://www.sec.gov/Archives/edgar/data/1267238/000119312517168584/d392723dex101.htm)] [added: [10.7](https://www.sec.gov/Archives/edgar/data/1267238/000119312517168584/d392723dex101.htm)] | | | [Assurant, Inc. 2017 Long Term Equity Incentive Plan (incorporated by reference from Exhibit 10.1 to the [removed: Registrant](http://www.sec.gov/Archives/edgar/data/1267238/000119312517168584/d392723dex101.htm)[’](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1015.htm)[s] [added: Registrant](https://www.sec.gov/Archives/edgar/data/1267238/000119312517168584/d392723dex101.htm)[’](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1015.htm)[s] Current Report on Form 8-K, originally filed on May 12, 2017). [removed: *](http://www.sec.gov/Archives/edgar/data/1267238/000119312517168584/d392723dex101.htm)] [added: *](https://www.sec.gov/Archives/edgar/data/1267238/000119312517168584/d392723dex101.htm)] | | |

| [removed: [10.8](http://www.sec.gov/Archives/edgar/data/1267238/000126723821000021/ex101alteipamendment.htm)] [added: [10.8](https://www.sec.gov/Archives/edgar/data/1267238/000126723821000021/ex101alteipamendment.htm)] | | | [Assurant, Inc. 2017 Long Term Equity Incentive Plan, as amended (incorporated by reference from Exhibit 10.1 to the Registrant’s Current Report on Form 8-K, originally filed on May 14, 2021). [removed: *](http://www.sec.gov/Archives/edgar/data/1267238/000126723821000021/ex101alteipamendment.htm)] [added: *](https://www.sec.gov/Archives/edgar/data/1267238/000126723821000021/ex101alteipamendment.htm)] | | |

| [10.9](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex1084q22.htm) | | | [Assurant, Inc. 2017 Long Term Equity Incentive Plan, as amended and restated as of December 2, [removed: 2022](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex1084q22.htm) [(incorporated] [added: 2022 (incorporated] by [removed: reference](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex1084q22.htm) [from] [added: reference from] Exhibit [removed: 10.8](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex1084q22.htm) [to] [added: 10.8 to] the [removed: Registrant](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex1084q22.htm)[’](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex1084q22.htm)[s](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex1084q22.htm) [Annual] [added: Registrant’s Annual] Report on Form 10-K, originally filed on February 17, [removed: 2023)](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex1084q22.htm)[.*](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex1084q22.htm)] [added: 2023).*](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex1084q22.htm)] | | |

| [10.10](https://www.sec.gov/Archives/edgar/data/1267238/000126723824000008/aiz12312023-ex10104q23.htm) | | | [Assurant, Inc. 2017 Long Term Equity Incentive Plan, as amended and restated as of November 8, [removed: 2023.*](https://www.sec.gov/Archives/edgar/data/1267238/000126723824000008/aiz12312023-ex10104q23.htm)] [added: 2023 (incorporated by reference from Exhibit 10.10 to the Registrant’s Annual Report on Form 10-K, originally filed on February 15, 2024) .*](https://www.sec.gov/Archives/edgar/data/1267238/000126723824000008/aiz12312023-ex10104q23.htm)] | | |

| [removed: [10.11](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1023.htm)] [added: [10.11](https://www.sec.gov/Archives/edgar/data/1267238/000126723824000008/aiz12312023-ex10134q23.htm)] | | | [Amended and Restated Assurant, Inc. Executive Short Term Incentive Plan, effective as of [removed: January 1, 2012] [added: November 8, 2023] (incorporated by reference from Exhibit [removed: 10.23] [added: 10.13] to the Registrant’s Annual Report on Form 10-K, originally filed on February [removed: 23, 2012). *](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1023.htm)] [added: 15, 2024).*](https://www.sec.gov/Archives/edgar/data/1267238/000126723824000008/aiz12312023-ex10134q23.htm)] | | |

| [removed: [10.12](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex10104q22.htm)] [added: [10.14](https://www.sec.gov/Archives/edgar/data/1267238/000119312509040498/dex1015.htm)] | | | [removed: [Amended and Restated Assurant, Inc.] [added: [Assurant] Executive [removed: Short Term Incentive] [added: Pension] Plan, [added: amended and restated,] effective as of [removed: December 2, 2022](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex10104q22.htm) [(incorporated] [added: January 1, 2009 (incorporated] by reference from Exhibit [removed: 10.10] [added: 10.15] to the [removed: Registrant](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex10104q22.htm)[’](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex10104q22.htm)[s Annual] [added: Registrant’s](https://www.sec.gov/Archives/edgar/data/1267238/000119312509040498/dex1015.htm) [Annual] Report [removed: on](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex10104q22.htm)] [added: on](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1023.htm)] [Form [removed: 10-K](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex10104q22.htm)[,] [added: 10-K,] originally filed on [removed: February](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex10104q22.htm) [17, 2023)](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex10104q22.htm)[.](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex10104q22.htm)[*](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex10104q22.htm)] [added: February 27, 2009). *](http://www.sec.gov/Archives/edgar/data/1267238/000119312509040498/dex1015.htm)] | | |

| [removed: [10.13](https://www.sec.gov/Archives/edgar/data/1267238/000126723824000008/aiz12312023-ex10134q23.htm)] [added: [10.12](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10124q24.htm)] | | | [Amended and Restated Assurant, Inc. Executive Short Term Incentive Plan, effective as of November [removed: 8, 2023.*](https://www.sec.gov/Archives/edgar/data/1267238/000126723824000008/aiz12312023-ex10134q23.htm)] [added: 18, 2024.*](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10124q24.htm)] | | |

| [removed: [10.14](http://www.sec.gov/Archives/edgar/data/1267238/000119312508044379/dex1033.htm)] [added: [10.15](https://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1033.htm)] | | | [removed: [Amended and Restated] [added: [Amendment No. 1 to the] Assurant [removed: Deferred Compensation] [added: Executive Pension] Plan, effective as of January 1, [removed: 2008] [added: 2009] (incorporated by reference from Exhibit 10.33 to the [removed: Registrant’s](http://www.sec.gov/Archives/edgar/data/1267238/000119312508044379/dex1033.htm)] [added: Registrant’s](https://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1033.htm)] [Annual Report on](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1023.htm) [Form 10-K, originally filed on [removed: March 3, 2008). *](http://www.sec.gov/Archives/edgar/data/1267238/000119312508044379/dex1033.htm)] [added: February 23, 2012). *](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1033.htm)] | | |

| [removed: [10.15](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1028.htm)] [added: [10.16](https://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1034.htm)] | | | [Amendment No. [removed: 1] [added: 2] to the [removed: Amended and Restated] Assurant [removed: Deferred Compensation] [added: Executive Pension] Plan, effective as of January 1, [removed: 2012] [added: 2010] (incorporated by reference from Exhibit [removed: 10.28] [added: 10.34] to the [removed: Registrant’s](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1028.htm)] [added: Registrant’s](https://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1034.htm)] [Annual Report [removed: on](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1023.htm)] [added: on](https://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1023.htm)] [Form 10-K, originally filed on February 23, 2012). [removed: *](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1028.htm)] [added: *](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1034.htm)] | | |

| [removed: [10.16](http://www.sec.gov/Archives/edgar/data/1267238/000119312514057434/d676053dex1031.htm)] [added: [10.17](https://www.sec.gov/Archives/edgar/data/1267238/000119312514057434/d676053dex1038.htm)] | | | [Amendment No. [removed: 2] [added: 3] to the [removed: Amended and Restated] Assurant [removed: Deferred Compensation] [added: Executive Pension] Plan, effective as of December [removed: 3,] [added: 31,] 2013 (incorporated by reference from Exhibit [removed: 10.31] [added: 10.38] to the [removed: Registrant](http://www.sec.gov/Archives/edgar/data/1267238/000119312514057434/d676053dex1031.htm)[’](http://www.sec.gov/Archives/edgar/data/1267238/000162828016015369/aiz-20160331exh101.htm)[s](http://www.sec.gov/Archives/edgar/data/1267238/000119312514057434/d676053dex1031.htm)] [added: Registrant](https://www.sec.gov/Archives/edgar/data/1267238/000119312514057434/d676053dex1038.htm)[’](http://www.sec.gov/Archives/edgar/data/1267238/000162828016015369/aiz-20160331exh101.htm)[s](http://www.sec.gov/Archives/edgar/data/1267238/000119312514057434/d676053dex1038.htm)] [Annual Report on](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1023.htm) [Form 10-K, originally filed on February 19, 2014). [removed: *](http://www.sec.gov/Archives/edgar/data/1267238/000119312514057434/d676053dex1031.htm)] [added: *](http://www.sec.gov/Archives/edgar/data/1267238/000119312514057434/d676053dex1038.htm)] | | |

| [Schedule IV – Reinsurance as of December 31, 202](#i558241d9bac74632ba4d6d5f08fe18c6_292)[4](#i558241d9bac74632ba4d6d5f08fe18c6_292)[, 202](#i558241d9bac74632ba4d6d5f08fe18c6_292)[3](#i558241d9bac74632ba4d6d5f08fe18c6_292) [and 202](#i558241d9bac74632ba4d6d5f08fe18c6_292)[2](#i558241d9bac74632ba4d6d5f08fe18c6_292) | | | F-[82](#i558241d9bac74632ba4d6d5f08fe18c6_292) | | |

| [4.6](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex464q24.htm) | | | [Description of the Registrant’s Securities](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex464q24.htm)[](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex464q24.htm) | | |

| [10.13](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10134q24.htm) | | | [Amended and Restated Assurant Deferred Compensation Plan, effective as of January 1, 2025.*](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10134q24.htm) | | |

| [10.19](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10194q24.htm) | | | [Amendment No. 5 to the Assurant Executive Pension Plan, as amended and restated, effective as of January 1, 2025. *](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10194q24.htm) | | |

| [10.24](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10244q24.htm) | | | [Form of Assurant, Inc. Change in Control Agreement, effective as of November 18, 2024. *](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10244q24.htm) | | |

| [10.25](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10254q24.htm) | | | [Form of Assurant, Inc. Change in Control Agreement, effective as of November 18, 2024 (California Version). *](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10254q24.htm) | | |

| [10.32](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10324q24.htm) | | | [Purchase and Sale Agreement, dated as of January 22, 2025, between American Bankers Life Assurance Company of Florida (a subsidiary of the Registrant), as seller, and GPC Miami Business Park, LLC, as buyer.+](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10324q24.htm) | | |

| [19](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex194q24.htm) | | | [Assurant, Inc. Insider Trading Policy.+](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex194q24.htm) | | |

+Portions of this exhibit have been redacted in compliance with Regulation S-K Item 601(b)(10)(iv).

| [Schedule IV – Reinsurance as of December 31, 2023, 2022 and 2021](#i4926af01bb774819a26aa658d15f2801_289) | | | F-[84](#i4926af01bb774819a26aa658d15f2801_289) | | |

| [10.22](http://www.sec.gov/Archives/edgar/data/1267238/000119312514167325/d717192dex101.htm) | | | [Assurant Executive 401(k) Plan, amended and restated, effective as of January 1, 2014 (incorporated by reference from Exhibit 10.1 to the Registrant’s Quarterly Report on Form 10-Q, originally filed on April 29, 2014). *](http://www.sec.gov/Archives/edgar/data/1267238/000119312514167325/d717192dex101.htm) | | |

| [10.24](http://www.sec.gov/Archives/edgar/data/1267238/000162828018001695/aiz12312017-ex1029.htm) | | | [Amendment No. 2 to the Assurant Executive 401(k) Plan, as amended and restated, effective as of January 1, 2017 (incorporated by reference from Exhibit 10.29 to the Registrant’s Annual Report on Form 10-K, originally filed on February 14, 2018). *](http://www.sec.gov/Archives/edgar/data/1267238/000162828018001695/aiz12312017-ex1029.htm) | | |

| [10.29](http://www.sec.gov/Archives/edgar/data/1267238/000126723823000041/aiz-20230630ex101.htm) | | | [Assurant, Inc. Amended and Restated Directors Compensation Plan, effective as of May 11, 2023 (incorporated by reference from Exhibit 10.1 to the Registrant’s Quarterly Report on Form 10-Q, originally filed on August 3, 2023).*](http://www.sec.gov/Archives/edgar/data/1267238/000126723823000041/aiz-20230630ex101.htm) | | |

| [10.30](http://www.sec.gov/Archives/edgar/data/1267238/000162828018010930/aiz-20180630exh102.htm) | | | [Form of Assurant, Inc. Restricted Stock Unit Award Agreement for Performance-based Awards under the Assurant, Inc. 2017 Long Term Equity Incentive Plan for the Management Committee, effective July 18, 2018 (incorporated by reference from Exhibit 10.2 to the Registrant’s Quarterly Report on Form 10-Q, originally filed on August 9, 2018). *](http://www.sec.gov/Archives/edgar/data/1267238/000162828018010930/aiz-20180630exh102.htm) | | |

| [10.31](http://www.sec.gov/Archives/edgar/data/1267238/000162828019006272/aiz-20190331exh101.htm) | | | [Form of Assurant, Inc. Restricted Stock Unit Award Agreement for Time-based Awards under the Assurant, Inc. 2017 Long Term Equity Incentive Plan, effective March 16, 2019 (incorporated by reference from Exhibit 10.1 to the Registrant’s Quarterly Report on Form 10-Q, originally filed on May 8, 2019). *](http://www.sec.gov/Archives/edgar/data/1267238/000162828019006272/aiz-20190331exh101.htm) | | |

| [10.32](http://www.sec.gov/Archives/edgar/data/1267238/000126723822000017/aiz-20220331ex101.htm) | | | [Form of Assurant, Inc. Restricted Stock Unit Award Agreement for Time-Based Awards under the Assurant, Inc. 2017 Long Term Equity Incentive Plan, as amended (incorporated by reference from Exhibit 10.1 to the Registrant’s Quarterly Report on Form 10-Q, originally filed on May 5, 2022).*](http://www.sec.gov/Archives/edgar/data/1267238/000126723822000017/aiz-20220331ex101.htm) | | |

| [10.33](http://www.sec.gov/Archives/edgar/data/1267238/000126723821000016/aiz-20210331ex101.htm) | | | [Form of Assurant, Inc. Restricted Stock Unit Award Agreement for Performance-Based Awards under the Assurant, Inc. 2017 Long Term Equity Incentive Plan, effective as of March 16, 2021 (incorporated by reference from Exhibit 10.1 to the Registrant’s Quarterly Report on Form 10-Q originally filed on May 6, 2021). *](http://www.sec.gov/Archives/edgar/data/1267238/000126723821000016/aiz-20210331ex101.htm) | | |

| [10.34](http://www.sec.gov/Archives/edgar/data/1267238/000126723822000017/aiz-20220331ex102.htm) | | | [Form of Assurant, Inc. Restricted Stock Unit Award Agreement for Performance-Based Awards under the Assurant, Inc. 2017 Long Term Equity Incentive Plan, as amended (incorporated by reference from Exhibit 10.2 to the Registrant’s Quarterly Report on Form 10-Q, originally filed on May 5, 2022).*](http://www.sec.gov/Archives/edgar/data/1267238/000126723822000017/aiz-20220331ex102.htm) | | |

| [10.35](http://www.sec.gov/Archives/edgar/data/1267238/000126723823000029/aiz-20230331ex102.htm) | | | [Form of Assurant, Inc. Restricted Stock Unit Award Agreement for Performance-Based Awards, effective as of January 18, 2023 (incorporated by reference from Exhibit 10.2 to the Registrant’s Quarterly Report on Form 10-Q, originally filed on May 4, 2023). *](http://www.sec.gov/Archives/edgar/data/1267238/000126723823000029/aiz-20230331ex102.htm) | | |

| [97](https://www.sec.gov/Archives/edgar/data/1267238/000126723824000008/aiz12312023-ex974q23.htm) | | | [Assurant, Inc. Compensation Clawback Policy, effective as of October 2, 2023.*](https://www.sec.gov/Archives/edgar/data/1267238/000126723824000008/aiz12312023-ex974q23.htm) | | |

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this Report to be signed on its behalf by the undersigned, thereunto duly authorized on February [removed: 15, 2024.][added: 20, 2025.]

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, this Report has been signed below by the following persons on behalf of the registrant in the capacities indicated on February [removed: 15, 2024.][added: 20, 2025.]

We have audited the accompanying consolidated balance sheets of Assurant, Inc. and its subsidiaries (the [removed: “Company”)] [added: "Company")] as of December 31, [removed: 2023] [added: 2024] and [removed: 2022,] [added: 2023,] and the related consolidated statements of operations, of comprehensive income, of changes in stockholders’ equity and of cash flows for each of the three years in the period ended December 31, [removed: 2023,] [added: 2024,] including the related notes and financial statement schedules listed in the index appearing under Item 15(a)(2) (collectively referred to as the [removed: “consolidated] [added: "consolidated] financial [removed: statements”).][added: statements").]

We also have audited the Company's internal control over financial reporting as of December 31, [removed: 2023,] [added: 2024,] based on criteria established in [removed: *Internal] [added: Internal] Control - Integrated [removed: Framework*] [added: Framework] (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO).

In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position of the Company as of December 31, [removed: 2023] [added: 2024] and [removed: 2022,] [added: 2023,] and the results of its operations and its cash flows for each of the three years in the period ended December 31, [removed: 2023] [added: 2024] in conformity with accounting principles generally accepted in the United States of America.

Also in our opinion, the Company maintained, in all material respects, effective internal control over financial reporting as of December 31, [removed: 2023,] [added: 2024,] based on criteria established in [removed: *Internal] [added: Internal] Control - Integrated [removed: Framework*] [added: Framework] (2013) issued by the COSO.

*Valuation of Claims and Benefits Payable Reserves for Global [removed: Lifestyle,] [added: Lifestyle and] Global Housing [removed: and Non-Core Operations] Short Duration Insurance Contracts*

As described in Notes 2 and [removed: 17] [added: 16] to the consolidated financial statements, the Company maintains claims and benefits payable reserves for short duration insurance contracts.

As of December 31, [removed: 2023,] [added: 2024,] the Company’s total liability for claims and benefits payable was [removed: $1.99] [added: $2.91] billion, which included [removed: $1.79] [added: $2.61] billion of liabilities for short duration contracts within the Global Lifestyle and Global Housing reporting [removed: segments as well as within its non-core operations.][added: segments.]

As of December 31, [removed: 2023] [added: 2024] and [removed: 2022][added: 2023]

| | | | [added: 2024 | | | | | |] 2023 | | | | | | 2022 | | |

| Fixed maturity securities available for sale, at fair value (amortized cost – [removed: $7,292.4] [added: $7,524.8] and [removed: $6,920.8] [added: $7,292.4] at December 31, [removed: 2023] [added: 2024] and [removed: 2022,] [added: 2023,] respectively) | | | $ | [removed: 6,912.1] [added: 7,175.1] | | | | | $ | [removed: 6,283.7] [added: 6,912.1] | |

| Equity securities at fair value | | | [removed: 223.0] [added: 208.5] | | | | | | [removed: 281.3] [added: 223.0] | | |

| Commercial mortgage loans on real estate, at amortized cost (net of allowances for credit losses of [removed: $4.0] [added: $6.5] and [removed: $1.8] [added: $4.0] at December 31, [removed: 2023] [added: 2024] and [removed: 2022,] [added: 2023,] respectively) | | | [removed: 328.7] [added: 342.5] | | | | | | [removed: 295.6] [added: 328.7] | | |

| Short-term investments | | | [removed: 258.1] [added: 281.6] | | | | | | [removed: 155.5] [added: 258.1] | | |

| Other investments | | | [removed: 499.0] [added: 536.8] | | | | | | [removed: 508.4] [added: 499.0] | | |

| Total investments | | | [removed: 8,220.9] [added: 8,544.5] | | | | | | [removed: 7,524.5] [added: 8,220.9] | | |

| Cash and cash equivalents | | | [removed: 1,627.4] [added: 1,807.7] | | | | | | [removed: 1,536.7] [added: 1,627.4] | | |

| Premiums and accounts receivable (net of allowances for credit losses of [removed: $9.0] [added: $7.2] and [removed: $9.2] [added: $9.0] at December 31, [removed: 2023] [added: 2024] and [removed: 2022,] [added: 2023,] respectively) | | | [removed: 2,265.6] [added: 2,054.0] | | | | | | [removed: 2,406.4] [added: 2,265.6] | | |

| Reinsurance recoverables (net of allowances for credit losses of [removed: $4.8] [added: $5.0] and [removed: $5.4] [added: $4.8] at December 31, [removed: 2023] [added: 2024] and [removed: 2022,] [added: 2023,] respectively) | | | [removed: 6,649.2] [added: 7,579.5] | | | | | | [removed: 6,999.4] [added: 6,649.2] | | |

| Accrued investment income | | | [removed: 97.0] [added: 130.5] | | | | | | [removed: 85.1] [added: 97.0] | | |

| Deferred acquisition costs | | | [removed: 9,967.2] [added: 9,992.8] | | | | | | [removed: 9,677.1] [added: 9,967.2] | | |

| Property and equipment, net | | | [removed: 685.8] [added: 768.3] | | | | | | [removed: 645.1] [added: 685.8] | | |

| Goodwill | | | [removed: 2,608.8] [added: 2,616.0] | | | | | | [removed: 2,603.0] [added: 2,608.8] | | |

| Value of business acquired | | | [removed: 83.9] [added: 8.0] | | | | | | [removed: 262.8] [added: 83.9] | | |

| Other intangible assets, net | | | [removed: 567.1] [added: 535.6] | | | | | | [removed: 638.9] [added: 567.1] | | |

| Other assets (net of allowances for credit losses of [removed: $0.7] [added: $0.6] and [removed: $1.7] [added: $0.7] at December 31, [removed: 2023] [added: 2024] and [removed: 2022,] [added: 2023,] respectively) [removed: (1)] | | | [removed: 862.3] [added: 983.7] | | | | | | [removed: 738.3] [added: 862.3] | | |

| Total assets | | | $ | [removed: 33,635.2] [added: 35,020.6] | | | | | $ | [removed: 33,117.3] [added: 33,635.2] | |