Assurant (AIZ) 10-K risk factor changes: FY2025 vs FY2024

- The success of our business depends on the execution of our strategy, including through [added: organic growth and] the continuing service of key executives, senior leaders, highly-skilled personnel and a high-performing workforce.

- We may be unable to find suitable acquisition candidates at attractive prices, integrate acquired businesses or divest of non-strategic businesses [removed: effectively or achieve organic growth,] [added: effectively,] which could have a material adverse effect on our business, financial condition and results of operations.

[removed: Reliance on a few significant clients may] weaken our bargaining power, and we may be unable to renew contracts with them without concessions (including up-front payments) or on favorable terms or at all.

Examples of important business arrangements [removed: include,] [added: include:] in Global Lifestyle, exclusive and non-exclusive relationships with [added: the] mobile [removed: service providers] [added: eco-system] (including carriers, retailers, OEMs and cable [removed: operators),] [added: MSOs),] dealerships and agents, consumer electronics retailers, appliance retailers (including e-commerce retailers), [added: commercial equipment manufacturers] and [added: dealers, and] financial, insurance and other institutions through which we distribute our products and [removed: services.][added: services; and in Global Housing, exclusive and non-exclusive relationships with mortgage lenders and servicers, manufactured housing lenders, property managers, and financial, insurance and other institutions.]

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: occurred from time to time and may materially reduce our revenues and profits.]

Some of our competitors [removed: may] [added: may:] offer a broader array of products and services than we do or [added: more favorable terms;] be better able to tailor those products and services to [added: client and] customer needs, including through better technology systems or [removed: infrastructure,] [added: infrastructure;] or [removed: may] have greater diversity of distribution resources, better brand recognition, more competitive pricing, lower costs, greater financial [removed: strength,] [added: strength or ratings,] more resources or higher [removed: ratings.][added: quality of service.]

Additionally, customers may turn to our competitors [removed: as a result] [added: because] of our or our client’s failure, or perceived failure, to deliver on customer expectations, product or service flaws, technology issues, gaps in operational support or other issues affecting customer experience.

[removed: To remain competitive in many of our businesses,] [added: If] we [removed: must] [added: do not] anticipate and respond effectively to changes in customer preferences, new industry standards, evolving distribution models, disruptive technology [removed: developments] [added: developments, including AI,] and [removed: alternate] [added: alternative] business [removed: models.][added: models, our business and results of operations could be adversely impacted.]

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

In addition, across many of our businesses, we must respond to the threat of disruption by traditional players, such as insurers, [removed: as well as] from new entrants, such as “Insurtech” [removed: start-up companies] [added: companies,] and [removed: others.][added: from their use of technologies such as AI.]

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

The success of our business depends on the execution of our strategy, including through [added: organic growth and] the continuing service of key executives, senior leaders, highly-skilled personnel and a high-performing workforce.

In recent years, we [removed: announced restructuring initiatives that include realigning] [added: realigned] our organizational structure and talent to support our business strategy, and [removed: accelerating] [added: accelerated] ongoing real estate consolidation [removed: efforts to support work-from-home arrangements.][added: efforts.]

[removed: See “ – *We] [added: We] may be unable to find suitable acquisition candidates at attractive prices, integrate acquired businesses or divest of non-strategic businesses [removed: effectively or achieve organic growth,] [added: effectively,] which could have a material adverse effect on our business, financial condition and results of [removed: operations*.”][added: operations.]

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

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

We rely on attracting, [removed: retaining and] [added: retaining,] developing [added: and motivating] talent, including at the executive level, [removed: with diverse backgrounds and experiences] to effectively manage our businesses and drive our long-term strategy.

These include, among others, diversion of management’s attention and resources to the integration of operations and infrastructure, which could otherwise have been devoted to other strategic opportunities; inaccurate assessment of risks and liabilities; difficulties in realizing projected revenues, earnings, cash flows, business opportunities, growth prospects, efficiencies, synergies and cost savings, including the incurrence of unexpected integration, compliance or divestiture costs; [added: reputational risks;] difficulties in keeping existing customers and obtaining new customers; exposure to jurisdictions or businesses with heightened legal and regulatory risks, including corruption, which may increase compliance costs; difficulties in integrating operations and systems, including cybersecurity and other technology systems, and internal control over financial reporting; difficulties in assimilating employees and corporate cultures; an increase in our indebtedness or future borrowing costs; and limitations on our ability to access additional capital when needed.

Our ability to effectively identify and capitalize on opportunities for [removed: organic growth] [added: growth, including within home warranty,] depends on, among other things, our ability to: deliver on customer expectations and provide a positive customer experience; successfully execute large-scale, critical programs and projects in a timely and cost-effective manner; identify and successfully enter and [removed: market] [added: scale] our services in new geographic markets and market segments; recruit and retain qualified personnel; coordinate our efforts across various geographic markets and market segments; maintain and grow relationships with our existing customers and expand our customer base; offer new products and services; form strategic alliances and partnerships; secure key vendor and distributor relationships; and access sufficient capital.

Our failure to effectively [removed: identify] [added: execute our long-term strategy, including achieving growth, innovation] and [removed: capitalize on opportunities for organic growth] [added: efficiency,] could have a material adverse effect on our [added: business,] results of operations and financial condition.

If we experience a business continuity event, such as an earthquake, hurricane, flood, terrorist incident, [added: military conflict,] 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.

See “ – Technology, [removed: Cybersecurity and Privacy]

[added: 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*.”

The risk of business disruption is more pronounced in certain geographic areas across the world, including the cities in which our device care centers, data centers and operations personnel are located; major metropolitan centers, such as Atlanta, where our headquarters is located; and certain catastrophe-prone areas, such as Miami, [removed: Florida,] where we have [added: a] significant [removed: operations.][added: employee base.]

[removed: As we continue to improve operating efficiencies, we] [added: We] rely on vendors and other third parties, including independent contractors, to conduct business and provide services to our clients.

Since we do not fully control the actions of vendors and other third parties, we are subject to the risk that their decisions or operations adversely impact [removed: us] [added: us,] and replacing them could create significant delay and expense.

If these vendors or other third parties fail to satisfy their obligations to us or if they fail to comply with legal or regulatory requirements in a high-quality and timely manner, [added: which has occurred from time to time,] our operations [removed: and] [added: or] reputation could be compromised, [removed: we may not realize the anticipated economic] and [removed: other benefits from these arrangements, and] we could [removed: suffer adverse] [added: face] legal, regulatory and financial consequences.

In addition, these third parties face their own technology, operating, business and economic risks, and any significant failures by them, including the improper use or disclosure of our confidential client, employee or Company [removed: information or failure to comply with applicable law,] [added: information,] could [removed: cause harm to our reputation or otherwise] expose us to liability.

An interruption in or the cessation of service by any service provider as a result of systems failures, capacity constraints, financial difficulties or for any other reason has occurred from time to time and could materially disrupt our operations, [removed: impact] [added: limit] our ability to offer certain products and [removed: services and] [added: services, or] result in contractual or regulatory penalties, liability [removed: claims from clients or employees,] [added: claims,] damage to our reputation and harm to our business.

If we are unable to attract and retain [removed: relationships with] qualified vendors, independent contractors and other third-party service providers, or if changes in law or judicial decisions require independent contractors to be classified as employees, our business could be significantly adversely affected.

[removed: To the extent we engage] [added: Our engagements with] international vendors or third parties [removed: to provide services or carry out business functions, we are exposed] [added: expose us] to [removed: the] risks that accompany operations in a foreign jurisdiction, including international economic and political conditions, foreign laws and regulations, fluctuations in currency values and [removed: increased risk of] [added: heightened] data [removed: breaches.][added: security risks.]

For example, we face the risk [removed: of] [added: of,] 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 [added: risk and costs of non-compliance, including reputational harm; exposure to evolving legal systems, which may result in]

[removed: 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; diminished ability to enforce our contractual rights; [removed: increased risk of] [added: heightened] data [removed: breaches;] [added: security risks;] 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.

These up-front payments are typically supported by various protections, such as letters of credit, letters of guarantee and real estate, but we may not fully or timely recover amounts owed to us [removed: as a result] [added: because] of difficulties in enforcing contracts or judgments in [removed: undeveloped or] evolving legal systems and other factors.

For additional information on the significant international regulations that apply to us and the risks relating thereto, see “Item 1 – Business – Regulation – International Regulation” in this Report, “ – Business, Strategic and Operational Risks – *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,*” “ – [added: 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,”* “ –] Legal and Regulatory Risks – *We are subject to extensive laws and regulations, which increase our costs and could restrict the conduct of our business, and violations or alleged violations of such laws and regulations could have a material adverse effect on our reputation, business and results of operations,*” “ – Legal and Regulatory Risks – *Our business is subject to risks related to litigation and regulatory actions*” and “ – Legal and Regulatory Risks – *The costs of complying with, or our failure to comply with, U.S. and foreign laws related to privacy, data security and data protection could adversely affect our financial condition, operating results and [removed: reputation*.*.*”][added: reputation*.”]

Our mobile business is subject to the risk that the value, including selling price, or availability of devices and parts will be adversely affected by: technological changes affecting the usefulness or desirability of the devices and parts; physical problems resulting from faulty design or manufacturing; increased competition; decreased customer demand, including due to changes in customer preferences, changes in client promotions and seasonality; [added: changes in client forecasts and demand;] supply chain [removed: constraints;] [added: constraints] and [added: our ability to manage inventory; and] growing industry emphasis on cost containment.

The value and availability of devices may also be impacted by adverse foreign trade relationships and an escalation of U.S.-China and China-Taiwan trade [removed: tensions, including with respect to trade policies, treaties, government relations, tariffs and other trade restrictions.][added: tensions.]

Our sales of mobile devices to third [removed: parties] [added: parties, particularly those domiciled outside of the U.S.,] subject us to [removed: regulatory] compliance [added: costs and increased] risk, [added: including risks relating to corruption, sanctions and export control laws and regulations,] which may [removed: subject us to] [added: result in] fines or other sanctions, and increase the [removed: costs] [added: cost] of operating the [removed: business, including compliance expenses.][added: business.]

While we conduct diligence and screening for buyers of mobile devices that we sell, [removed: and we change buyers in] our [removed: 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 (such as device carriers and cable operators), [added: auto dealers and agents,] financial institutions, mortgage lenders and servicers, [removed: retailers, association groups,]

Reliance on a few significant clients may

AI technologies may fail, underperform expectations or disrupt business operations, and there can be no assurance that our use of AI will enhance our products or services, or be beneficial to our business.

We are investing in technology and digital capabilities, including AI and our Innovation and Device Care Center, and in our home warranty business.

We are also enhancing operational efficiency and accessing global talent hubs, including through our Global Capability Centers.

We may not be able to realize our expected growth objectives and operational efficiency improvements from these and future initiatives.

For example, our ability to continue to develop, use and efficiently deploy AI technologies depends on access to specific third-party equipment and services.

In addition, strong compliance standards may adversely impact our ability to find buyers.

See “ –

In addition, there is stakeholder and regulatory focus on sustainability matters, including workforce inclusion, which has recently been subject to significant change and varies among jurisdictions, and could subject us to negative publicity.

ensure that we will be able to retain them.

The fair market value of fixed maturity securities generally increases or decreases in an inverse relationship with fluctuations in interest rates,

These parties’ failure to remit all premiums collected or

Payments of dividends on shares of common stock will be restricted if an event of default has occurred or if the proposed common stock dividend payment would cause an event of default under the Credit Facility; or if we defer the payment of interest on our Subordinated Notes.

As the breadth and complexity of

In addition, our cybersecurity insurance

There is also heightened regulatory expectations for third-party and critical vendor risk management.

The OECD has issued Pillar Two Model Rules that include a 15% global minimum tax on the income of certain corporations, and recently issued administrative guidance and safe harbor rules around the implementation of Pillar Two.

In addition, in July 2025, the One Big Beautiful Bill Act (the “OBBBA”) was enacted, introducing a broad range of U.S. tax reform provisions.

Additional regulation and guidance with respect to the implementation of certain OBBBA provisions are expected in 2026.

We currently do not expect a material tax impact to our results of operations or financial condition due to these recent developments, and we continue to monitor and evaluate the potential impact of changing tax laws and regulations on future years.

For example, privacy and data-protection regimes increasingly regulate profiling and automated decision-making, which may require opt-outs, human review or impact assessments, and could delay or limit the deployment of analytics and AI in our business operations.

- restrictions on algorithmic underwriting or the use of AI-enabled decision-making tools;

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.

occurred from time to time and may materially reduce our revenues and profits.

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

If we do not anticipate and respond effectively to changes in customer preferences, new industry standards, evolving distribution models, disruptive technology developments and alternative business models, our business and results of operations could be adversely impacted.

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

We will continue to incur expenses related to, among other things: investments in digital capabilities and large-scale, critical programs, such as 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 Capability Centers; 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 economy; and improvements in operational efficiency.

Actual costs to implement these initiatives may exceed our estimates and we may not be able to fully realize our expected run rate savings and operational efficiency improvements.

Our long-term strategy depends on successful operational execution and our ability to execute on our growth initiatives, including 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 workforce.

and fluctuations in the labor market, including rising wages and competition for talent, which has generally increased due to labor shortages and wage inflation.

In addition, the global talent market and shift to remote or hybrid work arrangements at many companies, including 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.

We may be unable to find suitable acquisition candidates at attractive prices, integrate acquired businesses or divest of non-strategic businesses effectively or achieve organic growth, which could have a material adverse effect on our business, financial condition and results of operations.

There can be no assurance that we will be successful in executing on our organic growth initiatives or that those initiatives will provide us with the expected benefits.

See “ – *The success of our business depends on the execution of our strategy, including through the continuing service of key executives, senior leaders, highly-skilled personnel and a high-performing workforce.*”

In addition, our sales of mobile devices to third parties domiciled outside of the U.S. subject us to compliance risks relating to corruption, sanctions and export control laws and regulations, which may adversely impact our ability to find buyers.

In addition, non-catastrophe losses related to the sharing economy business in particular have been, and may continue to be, impacted by increased claim settlement and loss adjustment expenses.

change.

In addition, there is increased stakeholder and regulatory focus on sustainability matters, including workforce inclusion and efforts related to climate.

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

In 2024, we reported a $0.8 million unfavorable impact to net income due to foreign exchange-related losses.

significant decline in our expected future cash flows due to changes in company-specific factors or the broader business climate.

We have exited, expect to fully exit and in the future may exit certain businesses, including small commercial, through reinsurance.

The payment of dividends on our common stock may be subject to the preferential rights of any preferred stock that the Board may create from time to time.

The Credit Facility contains limitations on our ability to pay dividends to our stockholders if we are in default, or such dividend payments would cause us to be in default, of our obligations thereunder.

In addition, if we defer the payment of interest on our Subordinated Notes (as defined hereafter), we generally may not make payments on our capital stock.

our customers, vendors and other third parties.

We may be unable to integrate the systems of the

We have from time to time experienced cybersecurity incidents, such as malware incursions, distributed denial of service attacks, hardware misconfigurations, zero-day exploits, credential harvesting, social engineering attacks, employee misconduct and incidents resulting from human error, such as loss of portable and other data storage devices.

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.

operating license or approval, increased scrutiny or oversight by regulatory authorities, the suspension of individual employees, limitations on engaging in a particular business, redress to clients, exposure to negative publicity or reputational damage and harm to client, employee and other relationships.

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.

In addition, the Organization for Economic Co-operation and Development’s Pillars Two Model Rules which include new digital taxes and a 15% global minimum tax on income, could increase our tax burden.

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.

Complying with these and similar laws and regulations requires us to make significant changes to our operations, which rely on the commitment of significant financial and managerial resources and effective planning and management processes.

obligations, and may materially adversely affect our results of operations and financial condition.

Our ability to attract, recruit, hire, motivate, develop and retain employees and clients depends upon our corporate culture.

Even in the absence of a takeover attempt, the

As of December 31, [removed: 2024,] [added: 2025,] 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 financial services and other insurance products (referred to as “Connected Living”); and vehicle protection services, commercial equipment [removed: services] [added: protection] and other related services (referred to as “Global Automotive”); and

In addition, we report the Corporate and Other segment, which includes corporate employee-related [removed: expenses and] [added: expenses,] activities of the holding [removed: company.][added: company and investments in our home warranty business.]

We define Adjusted EBITDA, our segment measure of profitability, as net [removed: income] [added: income,] excluding net realized gains (losses) on investments and fair value changes to equity securities, [removed: 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), certain legacy long-duration insurance policies and our operations in mainland 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, [removed: provision (benefit)] [added: benefit (provision)] for income taxes, depreciation expense, amortization of purchased intangible assets, as well as other highly variable or unusual [removed: items.][added: items (including restructuring costs, the loss on the pending subsidiary sale and non-core operations, each as described below).]

The following discussion covers the year ended December 31, [removed: 2024] [added: 2025] (“Twelve Months [removed: 2024”)] [added: 2025”)] and the year ended December 31, [removed: 2023] [added: 2024] (“Twelve Months [removed: 2023”).][added: 2024”).]

[removed: Please see the discussion that follows, for each of these segments, for] [added: For] a more detailed comparative [removed: analysis.][added: analysis, see the discussion that follows.]

Our comparative analysis of Twelve Months [removed: 2023] [added: 2024] and the year ended December 31, [removed: 2022] [added: 2023] 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: 2023] [added: 2024] filed with the SEC on February [removed: 15, 2024.][added: 20, 2025.]

*Consolidated net income* increased [removed: $117.7] [added: $112.5] million, or [removed: 18%,] [added: 15%,] to [removed: $760.2] [added: $872.7] million for Twelve Months [removed: 2024] [added: 2025] from [removed: $642.5] [added: $760.2] million for Twelve Months [removed: 2023,] [added: 2024,] primarily due to higher [removed: Global Housing] segment [removed: earnings, lower impact of foreign exchange, and] [added: earnings in Global Housing,] lower [removed: losses from non-core operations] [added: reportable catastrophes] and [removed: lower restructuring costs,] [added: growth in Global Lifestyle,] partially offset by [added: a] higher [removed: reportable catastrophes] [added: effective tax rate] and [removed: higher depreciation expense.][added: restructuring costs.]

*Global Lifestyle net earned premiums, fees and other income* increased [removed: $405.9] [added: $615.2] million, or [removed: 5%,] [added: 7%,] to [removed: $8.97] [added: $9.58] billion for the Twelve Months [removed: 2024] [added: 2025] from [removed: $8.56] [added: $8.97] billion for Twelve Months [removed: 2023,] [added: 2024,] primarily due to [removed: contributions from newly launched trade-in] [added: global mobile] programs and [removed: device protection programs.][added: from a new program in financial services within Connected Living and modest growth in Global Automotive.]

*Global Housing Adjusted EBITDA* increased [removed: $97.0] [added: $187.5] million, or [removed: 17%,] [added: 28%,] to [removed: $671.2] [added: $858.7] million for Twelve Months [removed: 2024] [added: 2025] from [removed: $574.2] [added: $671.2] million for Twelve Months [removed: 2023, primarily driven by growth in Homeowners, partially offset by $134.2] [added: 2024, including $46.4] million of [removed: higher] [added: lower] pre-tax reportable catastrophes.

*Global Housing net earned premiums, fees and other income* increased [removed: $314.1] [added: $311.8] million, or [removed: 15%,] [added: 13%,] to [removed: $2.46] [added: $2.77] billion for Twelve Months [removed: 2024] [added: 2025] from [removed: $2.14] [added: $2.46] billion for Twelve Months [removed: 2023,] [added: 2024,] primarily due to [removed: Homeowners top-line growth, including] growth in policies in-force and higher average premiums within [removed: lender-placed,] [added: lender-placed insurance,] as well as growth [removed: across] [added: in] various specialty [removed: Homeowners] products.

*Corporate and Other Adjusted EBITDA* was [removed: $(122.2)] [added: $(123.8)] million for Twelve Months [removed: 2024] [added: 2025] compared to [removed: $(109.0)] [added: $(122.2)] million for Twelve Months [removed: 2023,] [added: 2024,] primarily driven by [removed: higher third-party and employee-related expenses.][added: lower investment income.]

Our results depend on, among other things, the appropriateness of our product pricing, underwriting, the accuracy of our reserving methodology for future policyholder benefits and claims, the frequency and severity of reportable and non-reportable catastrophes, returns on and values of invested assets, our investment income, and our ability to [removed: realize greater] [added: enhance] operational efficiencies and manage our expenses.

Our results also depend on our ability to profitably grow our businesses, including our Connected Living, Global Automotive and Renters businesses, and the performance of our Homeowners [removed: business.][added: business, which will be impacted by our ability to provide a superior customer experience, including from our investments in technology and digital initiatives.]

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, [removed: including the current period of inflationary pressures which have impacted claims costs including in the Global Automotive business,] and tariffs and global supply chain disruptions may have a material adverse effect on our results of operations or financial condition.

Our mobile business is subject to volatility in mobile device trade-in volumes and margins based on the actual and anticipated timing of the release of new devices, carrier promotional programs and sales prices for used devices, as well as to changes in consumer [removed: preferences.][added: preferences and client forecasts and demands.]

In addition, across many of our businesses, we must respond to competitive pressures, including the threat of disruption and competition for [removed: talent, which has increased due to labor shortages and wage inflation.][added: talent.]

[removed: See] [added: For more information on these and other factors that could affect our results, see] “Item 1A – Risk [removed: Factors] [added: Factors,” including “] – 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*][added: on the execution of our strategy, including through organic growth and the continuing service of key executives, senior leaders, highly-skilled personnel and a high-performing workforce.”*]

For Twelve Months [removed: 2024,] [added: 2025,] net cash provided by operating activities was [removed: $1.33] [added: $1.83] billion; net cash used in investing activities was [removed: $657.8 million;] [added: $1.46 billion;] and net cash used in financing activities was [removed: $477.5] [added: $364.2] million.

We had [removed: $1.81] [added: $1.83] billion in cash and cash equivalents as of December 31, [removed: 2024.][added: 2025.]

[removed: Please see] [added: See] “ – Liquidity and Capital Resources” below for further details.

Interest rates are highly sensitive to many factors, including governmental monetary policies, domestic and international economic and political [removed: conditions, inflation and other factors beyond our control.]

Underwriting, selling, general and administrative expenses consist primarily of commissions, premium taxes, licenses, fees, amortization of deferred costs, general operating expenses and income [removed: taxes.][added: taxes.We continue to undertake various expense savings initiatives while also making investments in talent, capabilities and technology, among other things, which impact our expenses.]

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

Because establishment of reserves is an inherently complex process involving significant judgment and estimates, there can be no certainty that future settlement amounts for claims incurred through the financial reporting date will not vary from [removed: reported claims reserves.]

The following table provides details of the reinsurance recoverables balance as of December 31, [removed: 2024] [added: 2025] and [removed: 2023:][added: 2024:]

| | | | [added: 2025 | | | | | |] 2024 | | | | | | 2023 | | |

| Ceded future policyholder benefits and expense | | | $ | [removed: 340.7] [added: 4.2] | | | | | $ | [removed: 339.9] [added: 340.7] | |

| Ceded unearned premium | | | [removed: 5,188.5] [added: 5,062.9] | | | | | | [removed: 5,265.2] [added: 5,188.5] | | |

| Ceded claims and benefits payable | | | [removed: 1,808.9] [added: 899.0] | | | | | | [removed: 971.4] [added: 1,808.9] | | |

| Ceded paid losses | | | [removed: 241.4] [added: 505.2] | | | | | | [removed: 72.7] [added: 241.4] | | |

| Total | | | $ | [removed: 7,579.5] [added: 6,471.3] | | | | | $ | [removed: 6,649.2] [added: 7,579.5] | |

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 [added: 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 methods all involve aggregating paid and case-incurred loss data by accident [removed: quarter (or accident year)] [added: period] and accident age for each product grouping.

The effect of higher and lower levels of loss frequency and severity on our ultimate costs for claims occurring in [removed: 2024] [added: 2025] would be as follows:

| Change in both loss frequency and severity for all Global Lifestyle and Global Housing | | | Ultimate cost of claims occurring in [removed: 2024] [added: 2025] | | | | | | Change in cost of claims occurring in [removed: 2024] [added: 2025] | | |

| Base scenario (1) | | | $ | [removed: 2,607.0] [added: 1,867.5] | | | | | $ | — | |

(1)Represents the sum of the case reserves and incurred but not reported reserves as of December 31, [removed: 2024] [added: 2025] for Global Lifestyle and Global Housing.

Reserve assumptions reflect best estimates for expected investment yield, inflation, [removed: mortality, morbidity, expenses and withdrawal rates.]

*Global Lifestyle Adjusted EBITDA* increased $27.9 million, or 4%, to $801.3 million for Twelve Months 2025 from $773.4 million for Twelve Months 2024, primarily driven by Connected Living growth from global mobile programs and higher contributions from financial services.

In Global Automotive, improved loss experience led to increased profitability.

Excluding reportable catastrophes, Adjusted EBITDA increased 15% mainly due to top-line growth in lender-placed insurance and favorable non-catastrophe loss experience.

Renters and Other also increased, led by contributions from a new book of business previously disclosed.

Our results may also be impacted by our ability to capitalize on opportunities for further growth, including within adjacent markets such as home warranty.

Variability in insurance claims, including changes in frequency and severity, and the impact of inflation, also contribute to fluctuations in our business performance.

conditions, inflation and other factors beyond our control.

reported claims reserves.

| | | | 2025 | | | | | | 2024 | | |

| 3% higher | | | $ | 1,981.2 | | | | | $ | 113.7 | |

| 2% higher | | | $ | 1,942.9 | | | | | $ | 75.4 | |

| 1% higher | | | $ | 1,905.0 | | | | | $ | 37.5 | |

| 1% lower | | | $ | 1,830.3 | | | | | $ | (37.2) | |

| 2% lower | | | $ | 1,793.5 | | | | | $ | (74.0) | |

| 3% lower | | | $ | 1,757.1 | | | | | $ | (110.4) | |

mortality, morbidity, expenses and withdrawal rates.

The insurance subsidiary that includes these fully ceded insurance policies was classified as held for sale as of December 31, 2025.

See Note 3 to the Consolidated Financial Statements included elsewhere in this Report for more information.

| | | | 2025 | | | | | | 2024 | | |

In the fourth quarter of 2025, we performed a quantitative assessment for the Global Lifestyle and Global Housing reporting units, consistent with our standard practice following a qualitative test in the prior year.

carrying amounts and that there was no impairment for the Global Lifestyle and Global Housing reporting units as of October 1, 2025.

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

These estimates and assumptions include earnings and required capital projections, 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.

| | | | 2025 | | | | | | 2024 | | | | | | | | |

The increase in net income was partially offset by a higher annualized effective tax rate, mainly due to higher transferable tax credits and a tax benefit for the release of a valuation allowance on foreign deferred tax assets recorded in the prior year, as well as a $17.3 million increase in after-tax restructuring costs related to a new restructuring plan in fourth quarter 2025 related to optimizing operational efficiencies and higher after-tax depreciation expense of $13.4 million, mainly due to higher software assets placed into service.

| | | | 2025 | | | | | | 2024 | | | | | | | | |

| Total | | | $ | 9,582.5 | | | | | $ | 8,967.3 | | | | | | | |

Year Ended December 31, 2025 Compared to the Year Ended December 31, 2024

Adjusted EBITDA increased $27.9 million, or 4%, to $801.3 million for Twelve Months 2025 from $773.4 million for Twelve Months 2024, primarily due to Connected Living growth, mainly from global mobile device protection programs and U.S. financial services, and improved loss experience in Global Automotive.

The increase in Adjusted EBITDA was partially offset by a $7.0 million non-run rate inventory adjustment recorded for U.S. mobile during the fourth quarter of 2025 and the unfavorable impact of foreign exchange.

Selling and underwriting expenses increased $216.4 million, or 5%, primarily due to an increase in commission expenses in Connected Living, mainly related to the growth from global mobile device protection programs in line with the increase in net earned premiums.

Policyholder benefits increased $163.1 million, or 9%, primarily due to financial services in Connected Living, partially offset by lower losses within Global Automotive.

Cost of sales increased $140.9 million, or 17%, driven by growth in global mobile trade-in programs and a non-run rate inventory adjustment noted above.

| | | | 2025 | | | | | | 2024 | | | | | | | | |

Year Ended December 31, 2025 Compared to the Year Ended December 31, 2024

Adjusted EBITDA increased $187.5 million, or 28%, to $858.7 million for Twelve Months 2025 from $671.2 million for Twelve Months 2024, mainly due to continued growth from higher lender-placed policies in-force and average premiums within Homeowners, and favorable non-catastrophe loss experience driven by lower frequency from weather and water claims, $46.4 million of lower pre-tax reportable catastrophes, the previously disclosed $27.5 million unfavorable non-run rate adjustment from Twelve Months 2024, and higher net investment income and fee income.

The increase in Adjusted EBITDA was partially offset by higher costs associated with growth, lower Renters and Other results mainly from unfavorable non-catastrophe loss experience and overall higher catastrophe reinsurance premiums from the 2024 program restructuring.

| | | | 2025 | | | | | | 2024 | | | | | | | | |

Year Ended December 31, 2025 Compared to the Year Ended December 31, 2024

In 2024, mainland China operations were sold.

*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.

For more information on these and other factors that could affect our results, see “Item 1A – Risk Factors.”

Our results may also be impacted by our ability to continue to grow in the markets in which we operate, which will be impacted by our ability to provide a superior 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.

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

In addition to the restructuring plan announced in December 2022 and amended in 2023, we continue to undertake various expense savings initiatives while also making investments in talent, capabilities and technology, among other things, which will impact our expenses.

and actuarial assumptions.

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) | |

While we have not been released from our contractual obligation to the policyholders, changes in and deviations from economic, mortality, morbidity, and withdrawal assumptions used in the calculation of these reserves will not directly affect our results of operations unless there is a default by the assuming reinsurer.

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

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 | | | | | | | | |

The increase in net income was partially offset by $106.9 million increase in after-tax reportable catastrophes, higher after-tax depreciation expenses of $23.8 million, mainly due to higher software assets placed into service, and lower earnings from Global Lifestyle, mainly due to elevated claims in Global Automotive.

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 due to elevated claims costs in Global Automotive, mainly from higher losses in select ancillary products, and from higher labor and parts costs due to inflation, higher expenses for investments in new client programs and capabilities in Connected Living, declines across mobile from trade-in programs due to the business mix and lower volumes and from mobile device protection from higher loss experience, and the unfavorable impact of foreign exchange.

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.

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.

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.

Adjusted EBITDA increased $97.0 million, or 17%, to $671.2 million for Twelve Months 2024 from $574.2 million for Twelve Months 2023, mainly due to continued growth from higher policies in-force, average insured values and premium rates within Homeowners and $52.6 million of favorable year-over-year net impact to non-catastrophe prior year reserve development.

The increase in Adjusted EBITDA was also driven by ongoing expense leverage from scale and operating efficiencies, lower reinsurance costs, higher net investment income and growth from Renters from the property management channel, partially offset by $134.2 million of higher reportable catastrophes and a previously disclosed $27.5 million non-run rate adjustment related to a change in earnings pattern assumptions.

General expenses increased $65.5 million, or 10%, primarily due to higher costs associated with growth and the reclassification described above.

Adjusted EBITDA was $(122.2) million for Twelve Months 2024 compared to $(109.0) million for Twelve Months 2023.

The increase in the loss was primarily due to higher employee-related expenses and higher third-party consulting expenses to support enterprise growth initiatives, partially offset by higher net investment income from higher yields and asset balances for fixed maturity securities.

Total revenues increased $6.0 million, or 28%, to $27.6 million for Twelve Months 2024 from $21.6 million for Twelve Months 2023, primarily driven by an increase in net investment income of $5.8 million, or 27%, mostly due to higher yields and asset balances for fixed maturity securities.

| Ba | | | | | | 415.7 | | | | | | 5.8 | | % | | | | 318.6 | | | | | | 4.6 | | % |

The change in Twelve Months 2024 was primarily driven by sales of fixed maturity securities at a loss as well as impairments in the Assurant Ventures portfolio, partially offset by sales of equity securities at a gain as well as favorable market valuations in equity securities.

Any determination to pay future dividends will be at the discretion of the Board and will be dependent upon various factors, including: our subsidiaries’ payments of dividends and other statutorily permissible payments to us; our results of operations and cash flows; our financial condition and capital requirements; general business conditions and growth prospects; any legal, tax, regulatory and contractual restrictions on the payment of dividends; and any other factors the Board deems relevant.

The Credit Facility (as defined below) also contains limitations on our ability to pay dividends to our stockholders and repurchase capital stock if we are in default, or such dividend payments or repurchases would cause us to be in default, of our obligations thereunder.

The following is a discussion of our primary market risk exposures and management of such exposures as of December 31, [removed: 2024.][added: 2025.]

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: 2024,] [added: 2025,] compared to the year ended December 31, [removed: 2023.][added: 2024.]

The carrying value of our investment portfolio at December 31, [removed: 2024] [added: 2025] and [removed: 2023] [added: 2024] was [removed: $8.54] [added: $10.06] billion and [removed: $8.22] [added: $8.54] billion, respectively, of which [added: 85% and] 84% was invested in fixed maturity [removed: securities.][added: securities, respectively.]

Our sensitivity analysis model produces a loss in fair value in the fixed maturity portfolio of (i) [removed: $173.2] [added: $216.5] million and [removed: $170.0] [added: $173.2] million as of December 31, [removed: 2024] [added: 2025] and [removed: 2023,] [added: 2024,] 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: $340.0] [added: $428.5] million and [removed: $333.2] [added: $340.0] million as of December 31, [removed: 2024] [added: 2025] and [removed: 2023,] [added: 2024,] respectively, based on a hypothetical and instantaneous 100 basis point parallel increase in interest rates (including impacts of changes in credit spreads).

Our sensitivity analysis model produces a loss in fair value of our debt obligations of (i) [removed: $48.4] [added: $52.2] million and [removed: $54.0] [added: $48.4] million as of December 31, [removed: 2024] [added: 2025] and [removed: 2023,] [added: 2024,] respectively, based on a hypothetical and instantaneous 50 basis point parallel increase in interest rates, and (ii) [removed: $95.3] [added: $102.7] million and [removed: $106.3] [added: $95.3] million as of December 31, [removed: 2024] [added: 2025] and [removed: 2023,] [added: 2024,] 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 [added: currency.]

The following table summarizes the net assets (liabilities) denominated in foreign currencies as of December 31, [removed: 2024] [added: 2025] and [removed: 2023] [added: 2024] and the sensitivity to a hypothetical strengthening of the U.S. dollar.

| | | | December 31, [removed: 2024] [added: 2025] | | | | | | | | | | | | December 31, [removed: 2023] [added: 2024] | | | | | | | | | | | | [removed: 2024] [added: 2025] vs. [removed: 2023] [added: 2024] | | |

| British pound sterling (GBP) | | | $ | [removed: 323.3] [added: 340.1] | | | | | [removed: 1.2684] [added: 1.3379] | | | | | | $ | [removed: 321.5] [added: 323.3] | | | | | [removed: 1.2649] [added: 1.2684] | | | | | | [removed: 0.3%] [added: 5.5%] | | |

| Canadian dollar (CAD) | | | [removed: 239.3] [added: 247.5] | | | | | | [removed: 0.6955] [added: 0.7288] | | | | | | [removed: 233.9] [added: 239.3] | | | | | | [removed: 0.7567] [added: 0.6955] | | | | | | [removed: (8.1)%] [added: 4.8%] | | |

| Euro (EUR) | | | [removed: 146.8] [added: 169.2] | | | | | | [removed: 1.0514] [added: 1.1754] | | | | | | [removed: 170.7] [added: 146.8] | | | | | | [removed: 1.0924] [added: 1.0514] | | | | | | [removed: (3.8)%] [added: 11.8%] | | |

| Brazilian real (BRL) | | | [removed: 70.6] [added: 107.0] | | | | | | [removed: 0.1630] [added: 0.1846] | | | | | | [removed: 87.3] [added: 70.6] | | | | | | [removed: 0.2040] [added: 0.1630] | | | | | | [removed: (20.1)%] [added: 13.3%] | | |

| Australian dollar (AUD) | | | [removed: 64.7] [added: 86.2] | | | | | | [removed: 0.6372] [added: 0.6643] | | | | | | [removed: 60.5] [added: 64.7] | | | | | | [removed: 0.6707] [added: 0.6372] | | | | | | [removed: (5.0)%] [added: 4.3%] | | |

| Mexican peso (MXN) | | | [removed: 71.0] [added: 88.4] | | | | | | [removed: 0.0497] [added: 0.0556] | | | | | | [removed: 85.4] [added: 71.0] | | | | | | [removed: 0.0583] [added: 0.0497] | | | | | | [removed: (14.8)%] [added: 11.9%] | | |

| Japanese yen (JPY) | | | [removed: 32.4] [added: 27.9] | | | | | | [removed: 0.0065] [added: 0.0064] | | | | | | [removed: 28.6] [added: 32.4] | | | | | | [removed: 0.0070] [added: 0.0065] | | | | | | [removed: (7.1)%] [added: (1.5)%] | | |

| New Zealand dollar (NZD) | | | [removed: 15.2] [added: 19.1] | | | | | | 0.5783 | | | | | | [removed: 12.8] [added: 15.2] | | | | | | [removed: 0.6213] [added: 0.5783] | | | | | | [removed: (6.9)%] [added: —%] | | |

| Chilean peso (CLP) | | | [removed: 12.1] [added: 13.3] | | | | | | [removed: 0.0010] [added: 0.0011] | | | | | | [removed: 17.6] [added: 12.1] | | | | | | [removed: 0.0011] [added: 0.0010] | | | | | | [removed: (9.1)%] [added: 10.0%] | | |

| Argentine peso (ARS) | | | [removed: 13.7] [added: 19.6] | | | | | | [removed: 0.0010] [added: 0.0007] | | | | | | [removed: 8.6] [added: 13.7] | | | | | | [removed: 0.0012] [added: 0.0010] | | | | | | [removed: (16.7)%] [added: (30.0)%] | | |

| Indian rupee (INR) | | | [removed: 9.4] [added: 8.0] | | | | | | [removed: 0.0118] [added: 0.0110] | | | | | | [removed: 9.0] [added: 9.4] | | | | | | [removed: 0.0120] [added: 0.0118] | | | | | | [removed: (1.7)%] [added: (6.8)%] | | |

| Other (various currencies) | | | [removed: (5.8)] [added: (3.7)] | | | | | | | | | | | | [removed: (2.6)] [added: (5.8)] | | | | | | | | | | | | | | |

| Value of net assets denominated in foreign currencies | | | $ | [removed: 992.7] [added: 1,122.6] | | | | | | | | | | | $ | [removed: 1,033.3] [added: 992.7] | | | | | | | | | | | | | |

| Net assets | | | $ | [removed: 5,106.7] [added: 5,871.6] | | | | | | | | | | | $ | [removed: 4,809.5] [added: 5,106.7] | | | | | | | | | | | | | |

| As a percentage of total net assets | | | [removed: 19.4] [added: 19.1] | | % | | | | | | | | | | [removed: 21.5] [added: 19.4] | | % | | | | | | | | | | | | |

| Pre-tax decrease in fair value of our investments in foreign subsidiaries from a hypothetical 10 percent strengthening of the USD | | | $ | [removed: (109.6)] [added: (122.4)] | | | | | | | | | | | $ | [removed: (116.1)] [added: (109.6)] | | | | | | | | | | | | | |

| Pre-tax increase in fair value of our investments in foreign subsidiaries from a hypothetical 10 percent weakening of the USD | | | $ | [removed: 109.6] [added: 122.4] | | | | | | | | | | | $ | [removed: 116.1] [added: 109.6] | | | | | | | | | | | | | |

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

currency.

Through our Global Lifestyle segment, we provide mobile device solutions, extended service contracts and related services for consumer electronics and appliances, and credit and other insurance products (referred to as “Connected Living”); and vehicle protection services, commercial equipment [removed: services] [added: protection] and other related services (referred to as “Global Automotive”).

As of December 31, [removed: 2024,] [added: 2025,] we had [removed: $35.02] [added: $36.29] billion in total assets and our debt to total capital was [removed: 29.0%.][added: 27.3%.]

Our [removed: business-to-business-to-consumer] business model [removed: in our Global Lifestyle] [added: creates earnings] and [removed: Global Housing segments generate] [added: capital diversification, and generates] 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.

*Insights and capabilities enable innovation [added: and solutions] to meet evolving consumer needs.* We have [removed: a] deep [added: partnerships with and an] understanding of our clients and the consumer markets they serve.

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

*Value chain [added: and technology] integration and customer experience.* We own or manage multiple pieces of the value chain, which enables us to create products and service offerings based on client and consumer needs and provide a seamless customer experience.

Visibility across the value chain [added: and integrating our technology with clients] helps us further improve the customer experience and our offerings.

Our ability to introduce value-added services and capabilities across the value [removed: chain] [added: chain, integrate our technology] and provide a superior customer experience allows us to strengthen our partnerships and our competitive position.

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

We intend to grow our businesses by strengthening our partnerships with major clients and prospects globally, [added: through expanded offerings and attachment with clients and by winning new clients, and by entering into attractive adjacent markets (such as home warranty),] while continuing to invest in talent, capabilities and [removed: technology, including digital and AI,] [added: technology] to enable us to deliver a superior customer [removed: experience, as well as further broadening our offerings and diversifying our distribution channels.][added: experience.]

*Providing integrated offerings [removed: through] [added: to deliver additional value for] a superior customer experience*.

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

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

Our approach to [removed: mergers,] acquisitions and other growth opportunities reflects our strategic and disciplined approach to capital management.

*Investing in [removed: talent.*] [added: talent and technology.*] Our employees play a critical role in contributing to our success and supporting our business strategy.

We believe in fostering [removed: an] [added: a globally] inclusive [added: and performance-based] culture to drive sustained profitable growth through innovation.

We are focused on strategically attracting, developing, retaining and motivating our talent, as we prioritize programs and initiatives aimed at investing in their [removed: growth.][added: growth, skills and wellbeing.]

Throughout the year, we have maintained a strong balance sheet, generating [removed: $804.7] [added: $925.1] 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 returning [removed: $455.8] [added: $468.3] million to shareholders through share repurchases and common stock dividends.

Assurant is a purpose-driven company that remains committed to integrating sustainability into our long-term [removed: strategy.][added: strategy, with a focus on Connected Communities, Respected Resources and a Protected Planet.]

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

Our Board of Directors (the “Board”), Management Committee and [removed: global workforce] [added: employees] understand the importance of our sustainability initiatives in supporting the successful execution of our long-term [added: growth] strategy.

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

We do this by focusing on creating an inclusive [removed: workplace] [added: culture] 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.

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

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

For additional information [removed: on] [added: about] our [removed: Sustainability priorities, including] [added: sustainability efforts, and] our most recent Sustainability [removed: report,] [added: Report,] please refer to our website at [removed: *https://www.assurant.com/about-us/sustainability*.][added: *https://www.assurant.com/sustainability*.]

The information found on our website and in such [removed: reports] [added: report] is not incorporated by reference into and does not constitute a part of this Report.

| | | | [removed: 2024] [added: 2025] | | | | | | [removed: 2023] [added: 2024] | | | | | | [removed: 2022] [added: 2023] | | |

| Connected Living (1) | | | $ | [removed: 4,807.9] [added: 5,378.7] | | | | | $ | [removed: 4,376.8] [added: 4,807.9] | | | | | $ | [removed: 4,259.4] [added: 4,376.8] | |

| Global Automotive | | | [removed: 4,159.4] [added: 4,203.8] | | | | | | [removed: 4,184.6] [added: 4,159.4] | | | | | | [removed: 3,802.5] [added: 4,184.6] | | |

| Total | | | $ | [removed: 8,967.3] [added: 9,582.5] | | | | | $ | [removed: 8,561.4] [added: 8,967.3] | | | | | $ | [removed: 8,061.9] [added: 8,561.4] | |

| Segment Adjusted EBITDA | | | $ | [removed: 773.4] [added: 801.3] | | | | | $ | [removed: 792.3] [added: 773.4] | | | | | $ | [removed: 809.4] [added: 792.3] | |

| Segment equity (2) | | | $ | [removed: 4,830.9] [added: 5,163.2] | | | | | $ | [removed: 4,822.0] [added: 4,830.9] | | | | | $ | [removed: 4,743.3] [added: 4,822.0] | |

(1)For the years ended December 31, [removed: 2024, 2023] [added: 2025, 2024] and [removed: 2022,] [added: 2023, 53.0%,] 50.6%, [removed: 44.8%,] and [removed: 46.0%,] [added: 44.8%,] respectively, of net earned premiums, fees and other income was from mobile device solutions; [added: 34.4%,] 38.8%, [removed: 44.7%,] and [removed: 44.3%,] [added: 44.7%,] respectively, was from extended service contracts and related services for consumer electronics and appliances; and [added: 12.6%,] 10.6%, [removed: 10.5%,] and [removed: 9.7%,] [added: 10.5%,] respectively, was from financial services and other insurance products.

*Connected Living:* Through partnerships with [added: the] mobile [removed: service providers] [added: eco-system] (including carriers, [removed: retailers,] original equipment manufacturers (“OEMs”) and cable [removed: operators)] [added: multiple system operators (“MSOs”)), retailers,] and financial and other institutions, we underwrite and provide administrative support and related services for extended service contracts.

These contracts provide consumers with [removed: coverage] [added: coverage, such as] on mobile devices and consumer electronics and appliances, protecting them from certain covered losses.

We [removed: pay the cost of] [added: provide coverage for] repairing or replacing these consumer goods in the event of loss, theft, accidental damage, mechanical breakdown or electronic malfunction after the manufacturer's warranty expires.

Our strategy is to provide integrated service solutions to our clients that address all aspects of the insurance or extended service contract, including program design and marketing strategy, [added: regulatory filings,] risk management, data analytics, customer support and claims handling, supply chain services, service delivery and repair and logistics management, while ensuring exceptional customer experience measured through our net promoter scores.

[removed: For example,] [added: In our mobile business,] we provide end-to-end mobile device lifecycle solutions [removed: in our mobile business] from when the [added: claim is filed through when the] device is received and inspected, repaired or refurbished, to when it is ultimately disposed of through a sale to a third-party or used to support an insurance claim.

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

Our business model in our Global Lifestyle and Global Housing segments focuses on business-to-business-to-consumer (B2B2C) distribution, partnered with some of the world’s leading brands.

Investments and innovation enable services that complement our protection and specialty insurance products, creating customized solutions for clients and customers.

We provide customized solutions supported by integrated technology platforms to create a superior customer experience.

We believe in fostering an inclusive culture to drive sustainable profitable growth over the long term.

We continue to invest in technology, including digital, robotics and AI, and seek to integrate technology platforms with our clients, to create superior customer experiences.

*2025 Highlights*

In 2025, we delivered another year of profitable growth and reinforced our solid foundation for the future by prioritizing disciplined investments in innovation across our diversified Global Lifestyle and Global Housing businesses.

In Global Lifestyle, growth was driven by new client programs and the continued expansion of our partnerships and capabilities, supported by our investments.

In Connected Living, we made progress in expanding and supporting partnerships across mobile, extended service contracts and financial services.

In mobile, subscriber growth remained strong, supported by the expansion of device protection programs globally, and we deepened key carrier relationships, including by signing a new agreement with a large U.S. mobile carrier.

We expanded our reverse logistics business in mobile through a multi-year reverse logistics agreement and a dedicated logistics facility.

In retail extended service contracts, we continued to build momentum across appliances and consumer electronics, and we saw strong progress in financial services as we scaled our card benefits business.

In Global Automotive, we continue to expand and protect our position through new and renewed partnerships across distribution channels, including large dealer groups.

We are also accelerating progress in heavy equipment and our leased and financed business.

In Global Housing, we continued to outperform through policy growth in lender-placed, supported by a hardened voluntary homeowners’ insurance market and our success renewing key clients and winning new partnerships.

Across the businesses, we are investing in technology, including AI, to transform our operations, support our clients and improve the customer experience.

In 2025, we made a series of strategic leadership appointments that leverage the strength of our executive bench and position us for continued long-term success.

Effective September 2025, Michael Campbell, previously the President of our Global Housing segment, was appointed Chief Operating Officer and is responsible for leading efforts to enhance operational efficiency, accelerate our technology roadmap, and fully leverage our global scale and capabilities across all product lines.

In addition, Ryan Lumsden, who had led the Renters and Other business for nearly six years, was appointed President of Global Housing, succeeding Mr. Campbell.

In August 2025, we issued $300.0 million of 5.55% senior notes due 2036 and used the net proceeds to redeem all of the $175.0 million outstanding aggregate principal amount of our 6.10% senior notes due 2026.

These priorities strengthen Assurant for the future, including how we attract, empower and reward an inclusive workforce to drive innovation, contribute to the

development and adoption of sustainable products, and reduce the environmental impact of Assurant’s operations and supply chain.

These services support both our insurance and non-insurance customers and are powered by our AI-driven dynamic fulfillment platform.

We have repair operations within our device care centers, including our Nashville Innovation and Device Care Center, which leverages automation, robotics and AI.

Global Lifestyle is dependent on a few clients, in particular those in the mobile eco-system including carriers and MSOs.

U.S. new vehicle sales have shown modest improvements since 2024, remaining stable despite tariff uncertainty, while affordability challenges continue to steer more buyers toward the used vehicle market.

Inventory of used vehicles has recovered slightly from the shortages of 2021-2022, but remains below historical levels, with scarcity of low-mileage vehicles keeping prices elevated.

In select international regions, new and used vehicle sales are expanding, broadening addressable markets.

While interest rates and credit volatility are beginning to ease, inflation on parts and labor underscores the mixed macroeconomic environment.

We also carry the parts and device inventory to support our repair operations based in our device care centers.

We employ a range of strategies to manage our inventory, including monitoring inventory levels, optimizing purchase timing, coordinating with clients on demand planning and securing return rights for select programs and devices.

| | | | 2025 | | | | | | 2024 | | | | | | 2023 | | |

2025 reinsurance premiums for the total program were $203.2 million pre-tax, as of December 31, 2025, compared to $188.9 million pre-tax for 2024.

2025 reinsurance premiums reflected our exposure changes, expected Florida Hurricane Catastrophe Fund (“FHCF”) program impacts and favorable underlying rates from improved reinsurance market conditions.

2024 reinsurance premiums reflected a premium benefit from changing the timing of program placement to a single placement date.

In August 2025, we announced two strategic leadership appointments, drawing on the strength of our leadership bench, and in January 2026, we expanded our Management Committee to support accelerated business growth.

Central to this approach is recognizing and rewarding performance and supporting career development and growth.

These hubs advance our operating model, create additional capacity to support client growth, foster innovation, and enable our teams to focus on delivering exceptional customer experiences.

1 Frontline and managerial employees do not include employees who do not have, or do not yet have, an assigned pay grade, such as interns and casual employees, and workers transferred from an acquired company.

Results across most engagement drivers were at or above relevant industry benchmarks.

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

*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.

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

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

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

While smartphone penetration in the U.S., Japanese and European markets is high, other markets are less mature and present growth opportunities.

Global adoption of 5G by subscribers is a high priority for mobile service providers.

We believe there are additional growth opportunities in expanding protection to other devices and technologies within the home.

U.S. new vehicle sales have shown slight improvements from 2023 driven by increased vehicle availability and 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 inventory.

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.

In addition, inflation continues to have a significant impact on our Global Automotive results as parts and labor adversely affect claims costs for clients where we have underwriting exposure.

We take various actions to manage our inventory, including monitoring our inventory levels, managing the timing of purchases and obtaining return rights for some programs and devices.

*Voluntary insurance.* We offer voluntary manufactured housing, condominium and homeowners insurance.

In addition, we provide tenant bonds as an alternative to security deposits, which allows our clients to offer a lower move-in cost option while minimizing the risk of loss from damages, and receivables management, which helps our clients to maximize the collection of amounts owed by prior tenants.

For our 2024 catastrophe reinsurance program, we consolidated our main reinsurance purchases into a single placement date of April 2024.

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.

The remaining 37% were in managerial roles, predominantly salaried employees engaged in an array of business and support functions.

As of December 31, 2024, 60% of our global workforce were women.

In the U.S., our largest market, women accounted for 63% of employees while other underrepresented minority groups accounted for 56% of our domestic workforce.

We continue to promote and welcome an inclusive workforce across all levels of the Company in support of our business strategy.

The turnover rate for both frontline and managerial employees improved by 2 and 1 percentage points, respectively, year-over-year(1).

In January 2024, we expanded our Management Committee to broaden leadership expertise and depth in the areas of financial, human capital and technology strategy.

We believe this advances our operating model, creates new capacity for client growth, fosters innovation, and enables talent to focus on customer experiences in key attractive markets.

In many areas, such as management support, mental wellbeing, and recognition, results trended more favorably against our 2023 engagement survey and at or above comparable industry benchmarks.

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

such as increased employer contributions, expanded plan offerings and more affordable virtual care and mental health access.

Within this hybrid environment, we introduced a new framework to support enterprise engagement.

Strengthening employees’ leadership, technical and professional skills to broaden career opportunities, while also reinforcing a culture of strong ethics and compliance, are primary focus areas.

We continue to implement key initiatives to support upskilling and reskilling and increase adoption of new technology and processes by providing both learning and change support, furthering our focus on a digital-first mindset.

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 provide a broad array of training on topics such as managing virtual and hybrid teams, mental health awareness and building resilience, managerial skills and inclusion.

For the fiscal year ended December 31, [removed: 2024][added: 2025]

The aggregate market value of the registrant’s common stock held by non-affiliates of the registrant was [removed: $8.58] [added: $9.93] billion as of the last business day of the fiscal quarter ended June 30, [removed: 2024] [added: 2025] based on the closing sale price of [removed: $166.25] [added: $197.49] 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: 14, 2025] [added: 13, 2026] was [removed: 50,791,921.][added: 49,699,769.]

Certain information contained in the definitive proxy statement for the registrant’s [removed: 2025] [added: 2026] 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](#i558241d9bac74632ba4d6d5f08fe18c6_43)] [added: Factors](#i40308356c6834f77bc3b2ac6eb07ca0c_43)] | | | [removed: [19](#i558241d9bac74632ba4d6d5f08fe18c6_43)] [added: [18](#i40308356c6834f77bc3b2ac6eb07ca0c_43)] | | |

| 1B. | | | | | | [Unresolved Staff [removed: Comments](#i558241d9bac74632ba4d6d5f08fe18c6_46)] [added: Comments](#i40308356c6834f77bc3b2ac6eb07ca0c_46)] | | | [removed: [40](#i558241d9bac74632ba4d6d5f08fe18c6_46)] [added: [39](#i40308356c6834f77bc3b2ac6eb07ca0c_46)] | | |

| 1C. | | | | | | [removed: [Cybersecurity](#i558241d9bac74632ba4d6d5f08fe18c6_49)] [added: [Cybersecurity](#i40308356c6834f77bc3b2ac6eb07ca0c_49)] | | | [removed: [40](#i558241d9bac74632ba4d6d5f08fe18c6_49)] [added: [39](#i40308356c6834f77bc3b2ac6eb07ca0c_49)] | | |

| 3 | | | | | | [Legal [removed: Proceedings](#i558241d9bac74632ba4d6d5f08fe18c6_55)] [added: Proceedings](#i40308356c6834f77bc3b2ac6eb07ca0c_55)] | | | [removed: [41](#i558241d9bac74632ba4d6d5f08fe18c6_55)] [added: [40](#i40308356c6834f77bc3b2ac6eb07ca0c_55)] | | |

| 4 | | | | | | [Mine Safety [removed: Disclosures](#i558241d9bac74632ba4d6d5f08fe18c6_58)] [added: Disclosures](#i40308356c6834f77bc3b2ac6eb07ca0c_58)] | | | [removed: [41](#i558241d9bac74632ba4d6d5f08fe18c6_58)] [added: [40](#i40308356c6834f77bc3b2ac6eb07ca0c_58)] | | |

| 5 | | | | | | [Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity [removed: Securities](#i558241d9bac74632ba4d6d5f08fe18c6_64)] [added: Securities](#i40308356c6834f77bc3b2ac6eb07ca0c_64)] | | | [removed: [43](#i558241d9bac74632ba4d6d5f08fe18c6_64)] [added: [41](#i40308356c6834f77bc3b2ac6eb07ca0c_64)] | | |

| 7 | | | | | | [Management’s Discussion and Analysis of Financial Condition and Results of [removed: Operations](#i558241d9bac74632ba4d6d5f08fe18c6_70)] [added: Operations](#i40308356c6834f77bc3b2ac6eb07ca0c_70)] | | | [removed: [45](#i558241d9bac74632ba4d6d5f08fe18c6_70)] [added: [43](#i40308356c6834f77bc3b2ac6eb07ca0c_70)] | | |

| 7A. | | | | | | [Quantitative and Qualitative Disclosures About Market [removed: Risk](#i558241d9bac74632ba4d6d5f08fe18c6_106)] [added: Risk](#i40308356c6834f77bc3b2ac6eb07ca0c_106)] | | | [removed: [62](#i558241d9bac74632ba4d6d5f08fe18c6_106)] [added: [60](#i40308356c6834f77bc3b2ac6eb07ca0c_106)] | | |

| 8 | | | | | | [Financial Statements and Supplementary [removed: Data](#i558241d9bac74632ba4d6d5f08fe18c6_109)] [added: Data](#i40308356c6834f77bc3b2ac6eb07ca0c_109)] | | | [removed: [64](#i558241d9bac74632ba4d6d5f08fe18c6_109)] [added: [62](#i40308356c6834f77bc3b2ac6eb07ca0c_109)] | | |

| 9 | | | | | | [Changes in and Disagreements with Accountants on Accounting and Financial [removed: Disclosure](#i558241d9bac74632ba4d6d5f08fe18c6_112)] [added: Disclosure](#i40308356c6834f77bc3b2ac6eb07ca0c_112)] | | | [removed: [64](#i558241d9bac74632ba4d6d5f08fe18c6_112)] [added: [62](#i40308356c6834f77bc3b2ac6eb07ca0c_112)] | | |

| 9A. | | | | | | [Controls and [removed: Procedures](#i558241d9bac74632ba4d6d5f08fe18c6_115)] [added: Procedures](#i40308356c6834f77bc3b2ac6eb07ca0c_115)] | | | [removed: [64](#i558241d9bac74632ba4d6d5f08fe18c6_115)] [added: [63](#i40308356c6834f77bc3b2ac6eb07ca0c_115)] | | |

| 9B. | | | | | | [Other [removed: Information](#i558241d9bac74632ba4d6d5f08fe18c6_118)] [added: Information](#i40308356c6834f77bc3b2ac6eb07ca0c_118)] | | | [removed: [64](#i558241d9bac74632ba4d6d5f08fe18c6_118)] [added: [63](#i40308356c6834f77bc3b2ac6eb07ca0c_118)] | | |

| 9C. | | | | | | [Disclosure Regarding Foreign Jurisdictions that Prevent [removed: Inspections](#i558241d9bac74632ba4d6d5f08fe18c6_121)] [added: Inspections](#i40308356c6834f77bc3b2ac6eb07ca0c_121)] | | | [removed: [64](#i558241d9bac74632ba4d6d5f08fe18c6_121)] [added: [63](#i40308356c6834f77bc3b2ac6eb07ca0c_121)] | | |

| 10 | | | | | | [Directors, Executive Officers and Corporate [removed: Governance](#i558241d9bac74632ba4d6d5f08fe18c6_127)] [added: Governance](#i40308356c6834f77bc3b2ac6eb07ca0c_127)] | | | [removed: [65](#i558241d9bac74632ba4d6d5f08fe18c6_127)] [added: [64](#i40308356c6834f77bc3b2ac6eb07ca0c_127)] | | |

| 11 | | | | | | [Executive [removed: Compensation](#i558241d9bac74632ba4d6d5f08fe18c6_130)] [added: Compensation](#i40308356c6834f77bc3b2ac6eb07ca0c_130)] | | | [removed: [65](#i558241d9bac74632ba4d6d5f08fe18c6_130)] [added: [64](#i40308356c6834f77bc3b2ac6eb07ca0c_130)] | | |

| 12 | | | | | | [Security Ownership of Certain Beneficial Owners and Management and Related Stockholder [removed: Matters](#i558241d9bac74632ba4d6d5f08fe18c6_133)] [added: Matters](#i40308356c6834f77bc3b2ac6eb07ca0c_133)] | | | [removed: [65](#i558241d9bac74632ba4d6d5f08fe18c6_133)] [added: [64](#i40308356c6834f77bc3b2ac6eb07ca0c_133)] | | |

| 13 | | | | | | [Certain Relationships and Related Transactions, and Director [removed: Independence](#i558241d9bac74632ba4d6d5f08fe18c6_136)] [added: Independence](#i40308356c6834f77bc3b2ac6eb07ca0c_136)] | | | [removed: [65](#i558241d9bac74632ba4d6d5f08fe18c6_136)] [added: [64](#i40308356c6834f77bc3b2ac6eb07ca0c_136)] | | |

| 14 | | | | | | [Principal Accounting Fees and [removed: Services](#i558241d9bac74632ba4d6d5f08fe18c6_139)] [added: Services](#i40308356c6834f77bc3b2ac6eb07ca0c_139)] | | | [removed: [65](#i558241d9bac74632ba4d6d5f08fe18c6_139)] [added: [64](#i40308356c6834f77bc3b2ac6eb07ca0c_139)] | | |

| 15 | | | | | | [Exhibits and Financial Statement [removed: Schedules](#i558241d9bac74632ba4d6d5f08fe18c6_145)] [added: Schedules](#i40308356c6834f77bc3b2ac6eb07ca0c_145)] | | | [removed: [66](#i558241d9bac74632ba4d6d5f08fe18c6_145)] [added: [65](#i40308356c6834f77bc3b2ac6eb07ca0c_145)] | | |

| 16 | | | | | | [Form 10-K [removed: Summary](#i558241d9bac74632ba4d6d5f08fe18c6_148)] [added: Summary](#i40308356c6834f77bc3b2ac6eb07ca0c_148)] | | | [removed: [69](#i558241d9bac74632ba4d6d5f08fe18c6_148)] [added: [68](#i40308356c6834f77bc3b2ac6eb07ca0c_148)] | | |

| | | | | | | [removed: [Signatures](#i558241d9bac74632ba4d6d5f08fe18c6_151)] [added: [Signatures](#i40308356c6834f77bc3b2ac6eb07ca0c_151)] | | | [removed: [70](#i558241d9bac74632ba4d6d5f08fe18c6_151)] [added: [69](#i40308356c6834f77bc3b2ac6eb07ca0c_151)] | | |

Unless otherwise stated, all amounts are presented in United States of America (“U.S.”) Dollars and all amounts are in millions, except for number of shares, per share amounts, registered holders, number of [removed: employees, beneficial owners,] [added: employees and] number of securities in an unrealized loss [removed: position and number of loans.][added: position.]

Some statements in “Item 1 – Business” and “Item 7 – 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: 2024] [added: 2025] (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 the Fiscal Year Ended December 31, 2025

| 1 | | | | | | [Business](#i40308356c6834f77bc3b2ac6eb07ca0c_13) | | | [3](#i40308356c6834f77bc3b2ac6eb07ca0c_13) | | |

| 2 | | | | | | [Properties](#i40308356c6834f77bc3b2ac6eb07ca0c_52) | | | [40](#i40308356c6834f77bc3b2ac6eb07ca0c_52) | | |

| 6 | | | | | | [Reserved](#i40308356c6834f77bc3b2ac6eb07ca0c_67) | | | [43](#i40308356c6834f77bc3b2ac6eb07ca0c_67) | | |

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

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

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

The Information Technology Committee of the Board reviews the effectiveness of our cybersecurity [removed: controls] [added: policies, controls, training, technology] 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 [removed: of the] [added: related to cybersecurity incidents,] risks and [removed: costs of cybersecurity incidents.][added: costs.]

[removed: The] [added: Our] CISO also provides an annual cybersecurity update to the full Board.

Our CISO, who reports to our [removed: Global] [added: Chief] Technology Officer on the Management Committee, has over 20 years of information technology and security program management experience, holds a Certified Information Security Manager certification and has led our information security team, including information technology compliance and risk management, since 2009.

Our [removed: Global] [added: Chief] Technology Officer [removed: joined the Company in 2016 and] has over 30 years of information technology experience, including leading global digital, security, infrastructure, cloud services and application teams.

Prior to joining the Company in 2016, our [removed: Global] [added: Chief] Technology Officer was chief information officer at a large, publicly-traded energy company.

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 we regularly assess our policies and practices, including [added: through] tabletop [removed: exercises,] [added: exercises with senior management (and periodically with members of the Board),] 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 Management, Corporate Law, Privacy and Compliance, senior [removed: leadership] [added: leadership,] and the [added: Information Technology Committee of the Board and the full] Board, as appropriate.

In addition, we regularly engage assessors, consultants, auditors and other [removed: third parties in our management of cybersecurity risk.]

See “Item 1A – Risk Factors – 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 [removed: business*”,] [added: business,*”] “ – Technology, Cybersecurity and Privacy Risks – *We could incur significant liability if our technology systems or those of third parties are breached or we or third parties otherwise fail to protect the security of data residing on our respective systems, which could adversely affect our business and results of [removed: operations*” and] [added: operations,*”] “ – Business Strategic and Operational Risks – *Our inability to successfully recover should we experience a business continuity event could have a material adverse effect on our business, financial condition and results of operations*” [added: and “– *Failure to successfully manage vendors and other third parties could adversely affect our business”*] for more information.

The Board reviews and approves our ERM Framework and risk appetite annually, including the appropriate risk appetite with respect to cybersecurity.

third parties in our management of cybersecurity risk.

Our vendor risk management process includes a review of the information security policies of our key vendors against our standards, and ongoing monitoring for compliance.

The Board reviews management’s assessment of our key enterprise risks and its strategy with respect to each risk, including cybersecurity risks, and receives a corresponding risk management update annually.

We rely on our vendors and other third parties, including the continued availability of their products and services, to conduct business and provide services to our clients.

A cybersecurity incident at a vendor or other third party could materially adversely impact us.

Although we maintain cybersecurity insurance, the costs and expenses related to cybersecurity incidents may not be fully insured.

We own [removed: four] [added: three] properties.

[removed: In addition,] [added: Also in 2025, we sold one of our] Global Housing [removed: has] operations centers located in Florence, South [removed: Carolina] [added: Carolina,] and [added: we started marketing for sale another operations center located in] Springfield, Ohio.

In [removed: January] 2025, we entered into an agreement to sell our office in Miami, Florida, which had served as a shared office space supporting our Global Lifestyle and Global Housing businesses.

For more information on the [added: Miami] sale, see “Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources.” [removed: In addition, we have 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 [removed: twelve] [added: ten] years.

It is also a primary information technology center.

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

Our common stock is listed on the NYSE under the symbol “AIZ.” On February [removed: 14, 2025,] [added: 13, 2026,] there were approximately [removed: 216] [added: 221] 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: 2019] [added: 2020] through December 31, [removed: 2024] [added: 2025] 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 [removed: 500 Multi-line Insurance Index and the S&P] [added: Composite] 1500 Property & Casualty [added: Insurance] Index (“S&P 1500 P&C Index”), as the published industry [removed: indexes.][added: index.]

The graph assumes that the value of the investment in our common stock and each index was $100 on December 31, [removed: 2019] [added: 2020] and that all dividends were reinvested.

[removed: ][added: ]

| | | | Initial Investment at [removed: 12/31/2019] [added: 12/31/2020] | | | | | | TOTAL [removed: VALUES December] [added: VALUES December] 31, | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Security / Index | | | [removed: 2020] [added: 2021] | | | | | | [removed: 2021] [added: 2022] | | | | | | [removed: 2022] [added: 2023] | | | | | | [removed: 2023] [added: 2024] | | | | | | [removed: 2024] [added: 2025] | | | | | | | | |

| | | | | | | | | | ANNUAL RETURN [removed: PERCENTAGES Years] [added: PERCENTAGES Years] Ended December 31, | | | | | | | | | | | | | | | | | | | | | | | | | | |

| Security / Index | | | | | | | | | [removed: 2020] [added: 2021] | | | | | | [removed: 2021] [added: 2022] | | | | | | [removed: 2022] [added: 2023] | | | | | | [removed: 2023] [added: 2024] | | | | | | [removed: 2024] [added: 2025] | | |

| Assurant, Inc. Common Stock | | | | | | | | | [removed: 6.09] [added: 16.46] | | % | | | | [removed: 16.46] [added: (18.34)] | | % | | | | [removed: (18.34)] [added: 37.52] | | % | | | | [removed: 37.52] [added: 28.55] | | % | | | | [removed: 28.55] [added: 14.69] | | % |

| S&P 500 Index | | | | | | | | | [removed: 18.40] [added: 28.71] | | | | | | [removed: 28.71] [added: (18.11)] | | | | | | [removed: (18.11)] [added: 26.29] | | | | | | [removed: 26.29] [added: 25.02] | | | | | | [removed: 25.02] [added: 17.88] | | |

| S&P 400 MidCap Index | | | | | | | | | [removed: 13.66] [added: 24.76] | | | | | | [removed: 24.76] [added: (13.06)] | | | | | | [removed: (13.06)] [added: 16.44] | | | | | | [removed: 16.44] [added: 13.93] | | | | | | [removed: 13.93] [added: 7.50] | | |

| S&P 1500 P&C Index | | | | | | | | | [removed: 5.39] [added: 19.57] | | | | | | [removed: 19.57] [added: 14.80] | | | | | | [removed: 14.80] [added: 10.94] | | | | | | [removed: 10.94] [added: 33.58] | | | | | | [removed: 33.58] [added: 8.96] | | |

The table below provides information regarding purchases of our common stock during the fourth quarter of [removed: 2024.][added: 2025.]

| Period in [removed: 2024] [added: 2025] | | | 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) | | |

As of December 31, [removed: 2024, $374.5] [added: 2025, $774.6] million aggregate cost at purchase remained unused under the repurchase [removed: authorization.][added: authorizations.]

Any determination to [added: declare and] pay future dividends will be at the [added: sole] discretion of the Board and will be dependent upon various factors, including: our subsidiaries’ payments of dividends and other statutorily permissible payments to us; our results of operations and cash flows; our financial condition and capital requirements; general business conditions and growth prospects; any legal, tax, regulatory and contractual restrictions on the payment of dividends; and any other factors the Board deems relevant.

Our insurance subsidiaries are subject to significant regulatory and other restrictions limiting their ability to [removed: declare and] pay dividends.

See “Item 1A – Risk Factors – Financial Risks – *Our subsidiaries’ inability to pay us sufficient dividends could prevent us from meeting our obligations and paying future stockholder dividends*.” For the year ending December 31, [removed: 2025,] [added: 2026,] 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: $524.2] [added: $791.9] million.

[removed: However, there can be] no assurance that we would obtain such approval if sought.

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 [added: approximately $925.1 million for the year ended December 31, 2025, of which $751.9 million was generated by our U.S. domiciled insurance subsidiaries.]

[removed: In addition, the Credit Facility restricts payments] [added: Payments of dividends] on [removed: our capital stock, including] [added: shares of] common stock [removed: dividends,] [added: are restricted] if an event of default has occurred or if [removed: a] [added: the] proposed common stock dividend payment would cause an event of default under the Credit [removed: Facility.][added: Facility; or if we defer the payment of interest on our Subordinated Notes.]

[removed: Further,] [added: In addition,] if we elect to defer the payment of interest on our [added: subordinated notes (refer to *“*— *Senior and] Subordinated [removed: Notes,] [added: Notes”* below),] we generally may not make payments on [added: or repurchase any shares of] our capital stock.

For more [removed: information regarding the Credit Facility, the Subordinated Notes] [added: information, see “Item 1A – Risk Factors – Financial Risks – *Our ability to declare] and [removed: restrictions on the payment of] [added: pay] dividends [removed: by us and] [added: on] our [removed: insurance subsidiaries, see] [added: capital stock may be limited*” and] “Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources.”

| Assurant, Inc. Common Stock | | | $ | 100.00 | | | | | $ | 116.46 | | | | | $ | 95.10 | | | | | $ | 130.78 | | | | | $ | 168.11 | | | | | $ | 192.81 | |

| S&P 500 Index | | | 100.00 | | | | | | 128.71 | | | | | | 105.40 | | | | | | 133.10 | | | | | | 166.40 | | | | | | 196.16 | | |

| S&P 400 MidCap Index | | | 100.00 | | | | | | 124.76 | | | | | | 108.47 | | | | | | 126.29 | | | | | | 143.89 | | | | | | 154.68 | | |

| S&P 1500 P&C Index | | | 100.00 | | | | | | 119.57 | | | | | | 137.26 | | | | | | 152.29 | | | | | | 203.42 | | | | | | 221.66 | | |

| October 1 – October 31 | | | 127,802 | | | | | | $ | 214.45 | | | | | 127,802 | | | | | | $ | 140.9 | |

| November 1 – November 30 | | | 105,168 | | | | | | 225.60 | | | | | | 105,168 | | | | | | 817.2 | | |

| December 1 – December 31 | | | 183,445 | | | | | | 231.80 | | | | | | 183,445 | | | | | | 774.6 | | |

| Total fourth quarter | | | 416,415 | | | | | | $ | 224.91 | | | | | 416,415 | | | | | | $ | 774.6 | |

In November 2025, the Board authorized an additional share repurchase program for up to $700.0 million aggregate cost at purchase of outstanding common stock.

The Credit Facility also contains limitations on our ability to pay dividends to our stockholders and repurchase capital stock if we are in default, or such dividend payments or repurchases would cause us to be in default, of our obligations thereunder.

There can be

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 500 Multi-line Insurance Index | | | | | | | | | (18.28) | | | | | | 45.78 | | | | | | 9.67 | | | | | | 12.21 | | | | | | 8.12 | | |

| 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.

Payments of dividends on shares of common stock may be subject to the preferential rights of any preferred stock that the Board may create from time to time.

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: 2024.][added: 2025.]

Based on such evaluation, management, including our CEO and CFO, has concluded that as of December 31, [removed: 2024,] [added: 2025,] 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: 2024,] [added: 2025,] 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: 2024] [added: 2025] 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: 2024.][added: 2025.]

The effectiveness of our internal control over financial reporting as of December 31, [removed: 2024] [added: 2025] 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: 2024] [added: 2025] 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: 2025] [added: 2026] Proxy Statement (the [removed: “2025] [added: “2026] Proxy Statement”) under the caption “Proposals Requiring Your Vote – Proposal One – Election of Directors.” The information required under this Item 10 regarding executive officers is incorporated by reference to the information in the [removed: 2025] [added: 2026] 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 [removed: 2025] [added: 2026] Proxy Statement under the caption “Delinquent Section 16(a) Reports,” if included in the [removed: 2025] [added: 2026] 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 [removed: 2025] [added: 2026] 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: 2025] [added: 2026] Proxy Statement under the captions “Corporate Governance – Director Refreshment, [removed: Recruitment,] Nomination and [removed: Qualifications,”] [added: Stockholder Recommendations,”] “Corporate Governance – Board and Committee Leadership and Composition,” “Corporate Governance – Audit Committee” and “Corporate Governance – Director Independence.” The information [removed: about] [added: required under this Item 10 regarding] the Company’s insider trading policies and procedures [removed: that] is [removed: required under this Item 10 is] incorporated by reference to the information in the [removed: 2025] [added: 2026] 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.” [removed: A copy of the Company’s Insider Trading Policy is filed as an exhibit to this Report.]

The information required under this Item 11 is incorporated by reference to the information in the [removed: 2025] [added: 2026] Proxy Statement under the captions “Compensation Discussion and Analysis,” “Executive Compensation” and “Director Compensation.” The information required under this Item 11 is incorporated by reference to the information in the [removed: 2025] [added: 2026] 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: 2025] [added: 2026] Proxy Statement under the captions “Equity Compensation Plan Information,” “Security Ownership of Certain Beneficial Owners” and “Security Ownership of Directors and Executive Officers.”

The information required under this Item 13 is incorporated by reference to the information in the [removed: 2025] [added: 2026] Proxy Statement under the captions “Transactions with Related Persons” and “Corporate Governance – Director Independence.”

The information required under this Item 14 is incorporated by reference to the information in the [removed: 2025] [added: 2026] Proxy Statement under the caption “Audit Committee Matters – Fees of Principal Accountants.”

| [Report of Independent Registered Public Accounting [removed: Firm](#i558241d9bac74632ba4d6d5f08fe18c6_154)] [added: Firm](#i40308356c6834f77bc3b2ac6eb07ca0c_154)] (PCAOB ID 238) | | | [removed: F-[1](#i558241d9bac74632ba4d6d5f08fe18c6_154)] [added: F-[1](#i40308356c6834f77bc3b2ac6eb07ca0c_154)] | | |

| [Consolidated Balance Sheets as of December 31, [removed: 202](#i558241d9bac74632ba4d6d5f08fe18c6_160)[4](#i558241d9bac74632ba4d6d5f08fe18c6_160)] [added: 202](#i40308356c6834f77bc3b2ac6eb07ca0c_160)[5](#i40308356c6834f77bc3b2ac6eb07ca0c_160)] [and [removed: 202](#i558241d9bac74632ba4d6d5f08fe18c6_160)[3](#i558241d9bac74632ba4d6d5f08fe18c6_160)] [added: 202](#i40308356c6834f77bc3b2ac6eb07ca0c_160)[4](#i40308356c6834f77bc3b2ac6eb07ca0c_160)] | | | [removed: F-[3](#i558241d9bac74632ba4d6d5f08fe18c6_160)] [added: F-[3](#i40308356c6834f77bc3b2ac6eb07ca0c_160)] | | |

| [Consolidated Statements of Operations For Years Ended December 31, [removed: 202](#i558241d9bac74632ba4d6d5f08fe18c6_163)[4](#i558241d9bac74632ba4d6d5f08fe18c6_163)[, 202](#i558241d9bac74632ba4d6d5f08fe18c6_163)[3](#i558241d9bac74632ba4d6d5f08fe18c6_163)] [added: 202](#i40308356c6834f77bc3b2ac6eb07ca0c_163)[5](#i40308356c6834f77bc3b2ac6eb07ca0c_163)[, 202](#i40308356c6834f77bc3b2ac6eb07ca0c_163)[4](#i40308356c6834f77bc3b2ac6eb07ca0c_163)] [and [removed: 202](#i558241d9bac74632ba4d6d5f08fe18c6_163)[2](#i558241d9bac74632ba4d6d5f08fe18c6_163)] [added: 202](#i40308356c6834f77bc3b2ac6eb07ca0c_163)[3](#i40308356c6834f77bc3b2ac6eb07ca0c_163)] | | | [removed: F-[4](#i558241d9bac74632ba4d6d5f08fe18c6_163)] [added: F-[4](#i40308356c6834f77bc3b2ac6eb07ca0c_163)] | | |

| [Consolidated Statements of Comprehensive Income For Years Ended December 31, [removed: 202](#i558241d9bac74632ba4d6d5f08fe18c6_166)[4](#i558241d9bac74632ba4d6d5f08fe18c6_166)[, 202](#i558241d9bac74632ba4d6d5f08fe18c6_166)[3](#i558241d9bac74632ba4d6d5f08fe18c6_166)] [added: 202](#i40308356c6834f77bc3b2ac6eb07ca0c_166)[5](#i40308356c6834f77bc3b2ac6eb07ca0c_166)[, 202](#i40308356c6834f77bc3b2ac6eb07ca0c_166)[4](#i40308356c6834f77bc3b2ac6eb07ca0c_166)] [and [removed: 202](#i558241d9bac74632ba4d6d5f08fe18c6_166)[2](#i558241d9bac74632ba4d6d5f08fe18c6_166)] [added: 202](#i40308356c6834f77bc3b2ac6eb07ca0c_166)[3](#i40308356c6834f77bc3b2ac6eb07ca0c_166)] | | | [removed: F-[5](#i558241d9bac74632ba4d6d5f08fe18c6_166)] [added: F-[5](#i40308356c6834f77bc3b2ac6eb07ca0c_166)] | | |

| [Consolidated Statements of Changes in Stockholders’ Equity For Years Ended December 31, [removed: 202](#i558241d9bac74632ba4d6d5f08fe18c6_169)[4](#i558241d9bac74632ba4d6d5f08fe18c6_169)[, 202](#i558241d9bac74632ba4d6d5f08fe18c6_169)[3](#i558241d9bac74632ba4d6d5f08fe18c6_169)] [added: 202](#i40308356c6834f77bc3b2ac6eb07ca0c_169)[5](#i40308356c6834f77bc3b2ac6eb07ca0c_169)[, 202](#i40308356c6834f77bc3b2ac6eb07ca0c_169)[4](#i40308356c6834f77bc3b2ac6eb07ca0c_169)] [and [removed: 202](#i558241d9bac74632ba4d6d5f08fe18c6_169)[2](#i558241d9bac74632ba4d6d5f08fe18c6_169)] [added: 202](#i40308356c6834f77bc3b2ac6eb07ca0c_169)[3](#i40308356c6834f77bc3b2ac6eb07ca0c_169)] | | | [removed: F-[6](#i558241d9bac74632ba4d6d5f08fe18c6_169)] [added: F-[6](#i40308356c6834f77bc3b2ac6eb07ca0c_169)] | | |

| [Consolidated Statements of Cash Flows For Years Ended December 31, [removed: 202](#i558241d9bac74632ba4d6d5f08fe18c6_172)[4](#i558241d9bac74632ba4d6d5f08fe18c6_172)[, 202](#i558241d9bac74632ba4d6d5f08fe18c6_172)[3](#i558241d9bac74632ba4d6d5f08fe18c6_172)] [added: 202](#i40308356c6834f77bc3b2ac6eb07ca0c_172)[5](#i40308356c6834f77bc3b2ac6eb07ca0c_172)[, 202](#i40308356c6834f77bc3b2ac6eb07ca0c_172)[4](#i40308356c6834f77bc3b2ac6eb07ca0c_172)] [and [removed: 202](#i558241d9bac74632ba4d6d5f08fe18c6_172)[2](#i558241d9bac74632ba4d6d5f08fe18c6_172)] [added: 202](#i40308356c6834f77bc3b2ac6eb07ca0c_172)[3](#i40308356c6834f77bc3b2ac6eb07ca0c_172)] | | | [removed: F-[7](#i558241d9bac74632ba4d6d5f08fe18c6_172)] [added: F-[7](#i40308356c6834f77bc3b2ac6eb07ca0c_172)] | | |

| [Notes to the Consolidated Financial [removed: Statements](#i558241d9bac74632ba4d6d5f08fe18c6_175)] [added: Statements](#i40308356c6834f77bc3b2ac6eb07ca0c_175)] | | | [removed: F-[8](#i558241d9bac74632ba4d6d5f08fe18c6_175)] [added: F-[8](#i40308356c6834f77bc3b2ac6eb07ca0c_175)] | | |

| [Schedule I – Summary of Investments Other Than Investments in Related Parties as of December 31, [removed: 202](#i558241d9bac74632ba4d6d5f08fe18c6_271)[4](#i558241d9bac74632ba4d6d5f08fe18c6_271)] [added: 202](#i40308356c6834f77bc3b2ac6eb07ca0c_271)[5](#i40308356c6834f77bc3b2ac6eb07ca0c_271)] | | | [removed: F-[75](#i558241d9bac74632ba4d6d5f08fe18c6_271)] [added: F-[72](#i40308356c6834f77bc3b2ac6eb07ca0c_271)] | | |

| [Schedule II – Parent Only Condensed Financial Statements as of December 31, [removed: 2023] [added: 2025] and [removed: 2022] [added: 2024] and for Years Ended December 31, [removed: 202](#i558241d9bac74632ba4d6d5f08fe18c6_274)[4](#i558241d9bac74632ba4d6d5f08fe18c6_274)[, 202](#i558241d9bac74632ba4d6d5f08fe18c6_274)[3](#i558241d9bac74632ba4d6d5f08fe18c6_274) [and 202](#i558241d9bac74632ba4d6d5f08fe18c6_274)[2](#i558241d9bac74632ba4d6d5f08fe18c6_274)] [added: 2025, 2024 and 2023](#i40308356c6834f77bc3b2ac6eb07ca0c_274)] | | | [removed: F-[76](#i558241d9bac74632ba4d6d5f08fe18c6_274)] [added: F-[73](#i40308356c6834f77bc3b2ac6eb07ca0c_274)] | | |

| [Schedule III – Supplementary Insurance Information as of December 31, [removed: 202](#i558241d9bac74632ba4d6d5f08fe18c6_289)[4](#i558241d9bac74632ba4d6d5f08fe18c6_289)[, 202](#i558241d9bac74632ba4d6d5f08fe18c6_289)[3](#i558241d9bac74632ba4d6d5f08fe18c6_289)] [added: 202](#i40308356c6834f77bc3b2ac6eb07ca0c_289)[5](#i40308356c6834f77bc3b2ac6eb07ca0c_289)[, 202](#i40308356c6834f77bc3b2ac6eb07ca0c_289)[4](#i40308356c6834f77bc3b2ac6eb07ca0c_289)] [and [removed: 202](#i558241d9bac74632ba4d6d5f08fe18c6_289)[2](#i558241d9bac74632ba4d6d5f08fe18c6_289)] [added: 202](#i40308356c6834f77bc3b2ac6eb07ca0c_289)[3](#i40308356c6834f77bc3b2ac6eb07ca0c_289)] | | | [removed: F-[81](#i558241d9bac74632ba4d6d5f08fe18c6_289)] [added: F-[78](#i40308356c6834f77bc3b2ac6eb07ca0c_289)] | | |

| [Schedule IV – Reinsurance as of December 31, [removed: 202](#i558241d9bac74632ba4d6d5f08fe18c6_292)[4](#i558241d9bac74632ba4d6d5f08fe18c6_292)[, 202](#i558241d9bac74632ba4d6d5f08fe18c6_292)[3](#i558241d9bac74632ba4d6d5f08fe18c6_292)] [added: 202](#i40308356c6834f77bc3b2ac6eb07ca0c_292)[5](#i40308356c6834f77bc3b2ac6eb07ca0c_292)[, 202](#i40308356c6834f77bc3b2ac6eb07ca0c_292)[4](#i40308356c6834f77bc3b2ac6eb07ca0c_292)] [and [removed: 202](#i558241d9bac74632ba4d6d5f08fe18c6_292)[2](#i558241d9bac74632ba4d6d5f08fe18c6_292)] [added: 202](#i40308356c6834f77bc3b2ac6eb07ca0c_292)[3](#i40308356c6834f77bc3b2ac6eb07ca0c_292)] | | | [removed: F-[82](#i558241d9bac74632ba4d6d5f08fe18c6_292)] [added: F-[79](#i40308356c6834f77bc3b2ac6eb07ca0c_292)] | | |

| [Schedule V – Valuation and Qualifying Accounts as of December 31, [removed: 202](#i558241d9bac74632ba4d6d5f08fe18c6_295)[4](#i558241d9bac74632ba4d6d5f08fe18c6_295)[, 202](#i558241d9bac74632ba4d6d5f08fe18c6_295)[3](#i558241d9bac74632ba4d6d5f08fe18c6_295)] [added: 202](#i40308356c6834f77bc3b2ac6eb07ca0c_295)[5](#i40308356c6834f77bc3b2ac6eb07ca0c_295)[, 202](#i40308356c6834f77bc3b2ac6eb07ca0c_295)[4](#i40308356c6834f77bc3b2ac6eb07ca0c_295)] [and [removed: 202](#i558241d9bac74632ba4d6d5f08fe18c6_295)[2](#i558241d9bac74632ba4d6d5f08fe18c6_295)] [added: 202](#i40308356c6834f77bc3b2ac6eb07ca0c_295)[3](#i40308356c6834f77bc3b2ac6eb07ca0c_295)] | | | [removed: F-[83](#i558241d9bac74632ba4d6d5f08fe18c6_295)] [added: F-[80](#i40308356c6834f77bc3b2ac6eb07ca0c_295)] | | |

| [removed: Exhibit Number] [added: Exhibit Number] | | | Exhibit Description | | |

| [removed: [2.1](https://www.sec.gov/Archives/edgar/data/1267238/000119312515316168/d77032dex21.htm)] [added: [10.26](https://www.sec.gov/Archives/edgar/data/1267238/000126723824000008/aiz12312023-ex10364q23.htm)] | | | [removed: [Master Transaction] [added: [Separation] Agreement, dated as of [removed: September 9, 2015,] [added: November 14, 2023,] by and between Assurant, Inc. and [removed: Sun Life Assurance Company of Canada] [added: Richard Dziadzio] (incorporated by reference from Exhibit [removed: 2.1] [added: 10.36] to the Registrant’s [removed: Current] [added: Annual] Report on Form [removed: 8-K,] [added: 10-K,] originally filed on [removed: September 10, 2015).](https://www.sec.gov/Archives/edgar/data/1267238/000119312515316168/d77032dex21.htm)] [added: February 15, 2024). *](https://www.sec.gov/Archives/edgar/data/1267238/000126723824000008/aiz12312023-ex10364q23.htm)] | | |

| [removed: [2.2](https://www.sec.gov/Archives/edgar/data/1267238/000119312518006507/d501809dex21.htm)] [added: [3.2](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000032/ex34amendedandrestatedby-l.htm)] | | | [Amended and Restated [removed: Agreement and Plan of Merger, dated as] [added: By-laws] of [removed: January 8, 2018, by and among] Assurant, Inc., [removed: TWG Holdings Limited, TWG Re, Ltd., Arbor Merger Sub, Inc. and Spartan Merger Sub, Ltd.] [added: effective as of May 21, 2025] (incorporated by reference from Exhibit [removed: 2.1] [added: 3.4] to the [removed: Registrant](https://www.sec.gov/Archives/edgar/data/1267238/000119312518006507/d501809dex21.htm)[’](http://www.sec.gov/Archives/edgar/data/1267238/000119312513132546/d513454dex41.htm)[s] [added: Registrant’s] Current Report on Form 8-K, originally filed on [removed: January 9, 2018).](http://www.sec.gov/Archives/edgar/data/1267238/000119312518006507/d501809dex21.htm)] [added: May 23, 2025).](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000032/ex34amendedandrestatedby-l.htm)] | | |

| [removed: [2.3](https://www.sec.gov/Archives/edgar/data/1267238/000119312518180353/d596665dex22.htm)] [added: [3.1](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000032/ex33restatedcertificateofi.htm)] | | | [removed: [Letter Agreement, dated as] [added: [Restated Certificate] of [removed: May 31, 2018, by and among] [added: Incorporation of] Assurant, Inc., [removed: TWG Holdings Limited, TWG Re, Ltd and Spartan Merger Sub, Ltd.] [added: effective as of May 21, 2025] (incorporated by reference from Exhibit [removed: 2.2] [added: 3.3] to the Registrant’s Current Report on Form 8-K, originally filed on May [removed: 31, 2018).](https://www.sec.gov/Archives/edgar/data/1267238/000119312518180353/d596665dex22.htm)] [added: 23, 2025](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000032/ex33restatedcertificateofi.htm)[)](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000032/ex33restatedcertificateofi.htm)[.](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000032/ex33restatedcertificateofi.htm)] | | |

| [removed: [2.4](https://www.sec.gov/Archives/edgar/data/1267238/000119312521073889/d347932dex21.htm)] [added: [10.7](https://www.sec.gov/Archives/edgar/data/1267238/000126723821000021/ex101alteipamendment.htm)] | | | [removed: [Equity Purchase Agreement, dated] [added: [Assurant, Inc. 2017 Long Term Equity Incentive Plan,] as [removed: of March 8, 2021, by and among Assurant, Inc., Interfinancial Inc., CMFG Life Insurance Company and TruStage Global Holdings, ULC] [added: amended] (incorporated by reference from Exhibit [removed: 2.1] [added: 10.1] to the Registrant’s Current Report on Form [removed: 8-K] [added: 8-K,] originally filed on [removed: March 9, 2021).](https://www.sec.gov/Archives/edgar/data/1267238/000119312521073889/d347932dex21.htm)] [added: May 14, 2021). *](https://www.sec.gov/Archives/edgar/data/1267238/000126723821000021/ex101alteipamendment.htm)] | | |

| [removed: [3.1](https://www.sec.gov/Archives/edgar/data/1267238/000119312517168584/d392723dex31.htm)] [added: [10.24](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000045/aiz-20250630ex105.htm)] | | | [removed: [Amended] [added: [Assurant, Inc. Amended] and Restated [removed: Certificate of Incorporation] [added: Directors Compensation Plan, effective as] of [removed: Assurant, Inc.] [added: May 21, 2025] (incorporated by reference from Exhibit [removed: 3.1] [added: 10.5] to the Registrant’s [removed: Current] [added: Quarterly] Report on Form [removed: 8-K,] [added: 10-Q,] originally filed on [removed: May 12, 2017).](https://www.sec.gov/Archives/edgar/data/1267238/000119312517168584/d392723dex31.htm)] [added: August 7, 2025). *](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000045/aiz-20250630ex105.htm)] | | |

| [removed: [3.2](https://www.sec.gov/Archives/edgar/data/1267238/000126723822000042/ex31arbylaws-nov2022.htm)] [added: [10.12](https://www.sec.gov/Archives/edgar/data/1267238/000119312509040498/dex1015.htm)] | | | [removed: [Amended] [added: [Assurant Executive Pension Plan, amended] and [removed: Restated By-Laws of Assurant, Inc.,] [added: restated,] effective as of [removed: November 10, 2022] [added: January 1, 2009] (incorporated by reference from Exhibit [removed: 3.1] [added: 10.15] to the [removed: Registrant’s Form 8-K,] [added: Registrant’s](https://www.sec.gov/Archives/edgar/data/1267238/000119312509040498/dex1015.htm) [Annual Report on](https://www.sec.gov/Archives/edgar/data/1267238/000119312509040498/dex1015.htm) [Form 10-K,] originally filed on [removed: November 14, 2022).](https://www.sec.gov/Archives/edgar/data/1267238/000126723822000042/ex31arbylaws-nov2022.htm)] [added: February 27, 2009). *](https://www.sec.gov/Archives/edgar/data/1267238/000119312509040498/dex1015.htm)] | | |

| [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. [removed: Bank National Association, successor to SunTrust Bank,] [added: Bank](https://www.sec.gov/Archives/edgar/data/1267238/000095012304003991/y95546exv10w27.txt) [Trust Company](https://www.sec.gov/Archives/edgar/data/1267238/000095012304003991/y95546exv10w27.txt)[,](https://www.sec.gov/Archives/edgar/data/1267238/000095012304003991/y95546exv10w27.txt) [National Association (](https://www.sec.gov/Archives/edgar/data/1267238/000095012304003991/y95546exv10w27.txt)[successor to](https://www.sec.gov/Archives/edgar/data/1267238/000095012304003991/y95546exv10w27.txt) [Sun Trust Bank](https://www.sec.gov/Archives/edgar/data/1267238/000095012304003991/y95546exv10w27.txt)[)](https://www.sec.gov/Archives/edgar/data/1267238/000095012304003991/y95546exv10w27.txt)[,] as trustee (incorporated by reference from Exhibit 10.27 to the Registrant’s Annual Report on Form 10-K, originally filed on March 30, 2004).](https://www.sec.gov/Archives/edgar/data/1267238/000095012304003991/y95546exv10w27.txt) | | |

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

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

| [removed: [4.6](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex464q24.htm)] [added: [4.6](https://www.sec.gov/Archives/edgar/data/1267238/000126723826000010/aiz12312025-ex464q25.htm)] | | | [Description of the Registrant’s [removed: 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)] [added: Securities](https://www.sec.gov/Archives/edgar/data/1267238/000126723826000010/aiz12312025-ex464q25.htm)[.](https://www.sec.gov/Archives/edgar/data/1267238/000126723826000010/aiz12312025-ex464q25.htm)[](https://www.sec.gov/Archives/edgar/data/1267238/000126723826000010/aiz12312025-ex464q25.htm)] | | |

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

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

| [10.4](https://www.sec.gov/Archives/edgar/data/1267238/000119312517168599/d383686dex101.htm) | | | [Form of Assurant, Inc. Restricted Stock Unit Award Agreement for 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](https://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)[’](https://www.sec.gov/Archives/edgar/data/1267238/000119312517168599/d383686dex101.htm)[s] Form S-8, originally filed on May 12, 2017). [removed: *](http://www.sec.gov/Archives/edgar/data/1267238/000119312517168599/d383686dex101.htm)] [added: *](https://www.sec.gov/Archives/edgar/data/1267238/000119312517168599/d383686dex101.htm)] | | |

| [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, 2023).](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000009/exhibit101-formofdirectors.htm) [added: [*](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000009/exhibit101-formofdirectors.htm)] | | |

| [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, 2023).](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000029/aiz-20230331ex101.htm) [added: [*](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000029/aiz-20230331ex101.htm)] | | |

| [removed: [10.7](https://www.sec.gov/Archives/edgar/data/1267238/000119312517168584/d392723dex101.htm)] [added: [10.8](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex1084q22.htm)] | | | [Assurant, Inc. 2017 Long Term Equity Incentive [removed: Plan] [added: Plan, as amended and restated as of December 2, 2022] (incorporated by reference from Exhibit [removed: 10.1] [added: 10.8] to the [removed: 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] [added: Registrant’s Annual] Report on Form [removed: 8-K,] [added: 10-K,] originally filed on [removed: May 12, 2017). *](https://www.sec.gov/Archives/edgar/data/1267238/000119312517168584/d392723dex101.htm)] [added: February 17, 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)[*](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex1084q22.htm)] | | |

| [removed: [10.8](https://www.sec.gov/Archives/edgar/data/1267238/000126723821000021/ex101alteipamendment.htm)] [added: [10.9](https://www.sec.gov/Archives/edgar/data/1267238/000126723824000008/aiz12312023-ex10104q23.htm)] | | | [Assurant, Inc. 2017 Long Term Equity Incentive Plan, as amended [added: and restated as of November 8, 2023] (incorporated by reference from Exhibit [removed: 10.1] [added: 10.10] to the Registrant’s [removed: Current] [added: Annual] Report on Form [removed: 8-K,] [added: 10-K,] originally filed on [removed: May 14, 2021). *](https://www.sec.gov/Archives/edgar/data/1267238/000126723821000021/ex101alteipamendment.htm)] [added: February 15, 2024)](https://www.sec.gov/Archives/edgar/data/1267238/000126723824000008/aiz12312023-ex10104q23.htm)[.](https://www.sec.gov/Archives/edgar/data/1267238/000126723824000008/aiz12312023-ex10104q23.htm) [](https://www.sec.gov/Archives/edgar/data/1267238/000126723824000008/aiz12312023-ex10104q23.htm)[*](https://www.sec.gov/Archives/edgar/data/1267238/000126723824000008/aiz12312023-ex10104q23.htm)] | | |

| [removed: [10.9](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex1084q22.htm)] [added: [10.19](https://www.sec.gov/Archives/edgar/data/1267238/000162828017001320/aiz12312016-ex1027.htm)] | | | [removed: [Assurant, Inc. 2017 Long Term Equity Incentive] [added: [Amendment No. 1 to the Assurant Executive 401(k)] Plan, as amended and [removed: restated] [added: restated, effective] as of [removed: December 2, 2022] [added: March 1, 2016] (incorporated by reference from Exhibit [removed: 10.8] [added: 10.27] to the Registrant’s Annual Report on Form 10-K, originally filed on February [removed: 17, 2023).*](https://www.sec.gov/Archives/edgar/data/1267238/000126723823000007/aiz12312022-ex1084q22.htm)] [added: 14, 2017). *](https://www.sec.gov/Archives/edgar/data/1267238/000162828017001320/aiz12312016-ex1027.htm)] | | |

| [removed: [10.10](https://www.sec.gov/Archives/edgar/data/1267238/000126723824000008/aiz12312023-ex10104q23.htm)] [added: [10.10](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10124q24.htm)] | | | [removed: [Assurant,] [added: [Amended and Restated Assurant,] Inc. [removed: 2017 Long] [added: Executive Short] Term [removed: Equity] Incentive Plan, [removed: as amended and restated] [added: effective] as of November [removed: 8, 2023 (incorporated by reference] [added: 18, 2024](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10124q24.htm) [(inco](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10124q24.htm)[rporated b](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10124q24.htm)[y](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10124q24.htm) [ref](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10124q24.htm)[erenc](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10124q24.htm)[e] from Exhibit [removed: 10.10 to the Registrant’s] [added: 10.12 to](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10124q24.htm) [the Registrant](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10124q24.htm)[’](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10124q24.htm)[s] Annual Report on [removed: Form] [added: F](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10124q24.htm)[orm] 10-K, originally filed on February [removed: 15, 2024) .*](https://www.sec.gov/Archives/edgar/data/1267238/000126723824000008/aiz12312023-ex10104q23.htm)] [added: 20,](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10124q24.htm) [2025)](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10124q24.htm)[.](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10124q24.htm) [](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10124q24.htm)[*](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10124q24.htm)] | | |

| [removed: [10.11](https://www.sec.gov/Archives/edgar/data/1267238/000126723824000008/aiz12312023-ex10134q23.htm)] [added: [10.11](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10134q24.htm)] | | | [Amended and Restated [removed: Assurant, Inc. Executive Short Term Incentive] [added: Assurant Deferred Compensation] Plan, effective as of [removed: November 8, 2023] [added: January 1, 2025] (incorporated by reference from Exhibit 10.13 to the Registrant’s Annual Report on Form 10-K, originally filed on February [removed: 15, 2024).*](https://www.sec.gov/Archives/edgar/data/1267238/000126723824000008/aiz12312023-ex10134q23.htm)] [added: 20, 2025). *](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10134q24.htm)] | | |

| [removed: [10.14](https://www.sec.gov/Archives/edgar/data/1267238/000119312509040498/dex1015.htm)] [added: [10.14](https://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1034.htm)] | | | [removed: [Assurant] [added: [Amendment No. 2 to the Assurant] Executive Pension Plan, [removed: amended and restated,] effective as of January 1, [removed: 2009] [added: 2010] (incorporated by reference from Exhibit [removed: 10.15] [added: 10.34] to the [removed: Registrant’s](https://www.sec.gov/Archives/edgar/data/1267238/000119312509040498/dex1015.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/d257568dex1034.htm)] [Form 10-K, originally filed on February [removed: 27, 2009). *](http://www.sec.gov/Archives/edgar/data/1267238/000119312509040498/dex1015.htm)] [added: 23, 2012). *](https://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1034.htm)] | | |

| [removed: [10.15](https://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1033.htm)] [added: [10.13](https://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1033.htm)] | | | [Amendment No. 1 to the Assurant Executive Pension Plan, effective as of January 1, 2009 (incorporated by reference from Exhibit 10.33 to the Registrant’s](https://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1033.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/d257568dex1033.htm)] [Form 10-K, originally filed on February 23, 2012). [removed: *](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1033.htm)] [added: *](https://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1033.htm)] | | |

| [removed: [10.16](https://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1034.htm)] [added: [10.16](https://www.sec.gov/Archives/edgar/data/1267238/000162828016015369/aiz-20160331exh101.htm)] | | | [Amendment No. [removed: 2] [added: 4] to the Assurant Executive Pension Plan, effective as of [removed: January 1, 2010] [added: February 29, 2016] (incorporated by reference from Exhibit [removed: 10.34] [added: 10.1] to the [removed: Registrant’s](https://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1034.htm) [Annual] [added: Registrant’s Quarterly] Report [removed: on](https://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1023.htm) [Form 10-K,] [added: on Form 10-Q,] originally filed on [removed: February 23, 2012). *](http://www.sec.gov/Archives/edgar/data/1267238/000119312512075371/d257568dex1034.htm)] [added: May 3, 2016). *](https://www.sec.gov/Archives/edgar/data/1267238/000162828016015369/aiz-20160331exh101.htm)] | | |

| [removed: [10.17](https://www.sec.gov/Archives/edgar/data/1267238/000119312514057434/d676053dex1038.htm)] [added: [10.15](https://www.sec.gov/Archives/edgar/data/1267238/000119312514057434/d676053dex1038.htm)] | | | [Amendment No. 3 to the Assurant Executive Pension Plan, effective as of December 31, 2013 (incorporated by reference from Exhibit 10.38 to the [removed: 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)] [added: Registrant](https://www.sec.gov/Archives/edgar/data/1267238/000119312514057434/d676053dex1038.htm)[’](https://www.sec.gov/Archives/edgar/data/1267238/000119312514057434/d676053dex1038.htm)[s](https://www.sec.gov/Archives/edgar/data/1267238/000119312514057434/d676053dex1038.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/1267238/000119312514057434/d676053dex1038.htm)] [Form 10-K, originally filed on February 19, 2014). [removed: *](http://www.sec.gov/Archives/edgar/data/1267238/000119312514057434/d676053dex1038.htm)] [added: *](https://www.sec.gov/Archives/edgar/data/1267238/000119312514057434/d676053dex1038.htm)] | | |

| [removed: [10.18](https://www.sec.gov/Archives/edgar/data/1267238/000162828016015369/aiz-20160331exh101.htm)] [added: [10.18](https://www.sec.gov/Archives/edgar/data/1267238/000119312514167325/d717192dex101.htm)] | | | [removed: [Amendment No. 4 to the Assurant] [added: [Assurant] Executive [removed: Pension] [added: 401(k)] Plan, [added: amended and restated,] effective as of [removed: February 29, 2016] [added: January 1, 2014] (incorporated by reference from Exhibit 10.1 to the Registrant’s Quarterly Report on Form 10-Q, originally filed on [removed: May 3, 2016). *](https://www.sec.gov/Archives/edgar/data/1267238/000162828016015369/aiz-20160331exh101.htm)] [added: April 29, 2014). *](https://www.sec.gov/Archives/edgar/data/1267238/000119312514167325/d717192dex101.htm)] | | |

| [removed: [10.19](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10194q24.htm)] [added: [10.17](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, [removed: 2025.] [added: 2025 (incorporated by reference from Exhibit 10.19 to the Registrant’s Annual Report on Form 10-K, originally filed on February 20, 2025).] *](https://www.sec.gov/Archives/edgar/data/1267238/000126723825000008/aiz12312024-ex10194q24.htm) | | |

| [removed: [10.20](https://www.sec.gov/Archives/edgar/data/1267238/000119312514167325/d717192dex101.htm)] [added: [10.20](https://www.sec.gov/Archives/edgar/data/1267238/000162828018001695/aiz12312017-ex1029.htm)] | | | [removed: [Assurant] [added: [Amendment No. 2 to the Assurant] Executive 401(k) Plan, [added: as] amended and restated, effective as of January 1, [removed: 2014] [added: 2017] (incorporated by reference from Exhibit [removed: 10.1] [added: 10.29] to the Registrant’s [removed: Quarterly] [added: Annual] Report on Form [removed: 10-Q,] [added: 10-K,] originally filed on [removed: April 29, 2014). *](https://www.sec.gov/Archives/edgar/data/1267238/000119312514167325/d717192dex101.htm)] [added: February 14, 2018). *](https://www.sec.gov/Archives/edgar/data/1267238/000162828018001695/aiz12312017-ex1029.htm)] | | |