Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
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Item 5. Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities
Our common stock is listed on the NYSE under the symbol “AIZ.” On February 13, 2026, there were approximately 221 registered holders of record of our common stock.
Stock Performance Graph
The following graph compares the cumulative total return (stock price increase plus reinvestment of dividends paid) on our common stock from December 31, 2020 through December 31, 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 Composite 1500 Property & Casualty Insurance Index (“S&P 1500 P&C Index”), as the published industry index. The graph assumes that the value of the investment in our common stock and each index was $100 on December 31, 2020 and that all dividends were reinvested.

Total Values/Annual Return Percentages
(Includes reinvestment of dividends)
| Initial Investment at 12/31/2020 | TOTAL VALUES December 31, | ||||||||||||||||||||||||||||||||||
| Security / Index | 2021 | 2022 | 2023 | 2024 | 2025 | ||||||||||||||||||||||||||||||
| 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 | |||||||||||||||||||||||||||||
| ANNUAL RETURN PERCENTAGES Years Ended December 31, | |||||||||||||||||||||||||||||||||||
| Security / Index | 2021 | 2022 | 2023 | 2024 | 2025 | ||||||||||||||||||||||||||||||
| Assurant, Inc. Common Stock | 16.46 | % | (18.34) | % | 37.52 | % | 28.55 | % | 14.69 | % | |||||||||||||||||||||||||
| S&P 500 Index | 28.71 | (18.11) | 26.29 | 25.02 | 17.88 | ||||||||||||||||||||||||||||||
| S&P 400 MidCap Index | 24.76 | (13.06) | 16.44 | 13.93 | 7.50 | ||||||||||||||||||||||||||||||
| S&P 1500 P&C Index | 19.57 | 14.80 | 10.94 | 33.58 | 8.96 |
Issuer Purchases of Equity Securities
The table below provides information regarding purchases of our common stock during the fourth quarter of 2025.
| Period in 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) | |||||||||||||||||||
| 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 |
(1)Shares purchased pursuant to the November 2023 publicly announced share repurchase authorization of up to $600.0 million aggregate cost at purchase of outstanding common stock. 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. As of December 31, 2025, $774.6 million aggregate cost at purchase remained unused under the repurchase authorizations.
Dividend Policy
Any determination to declare and pay future dividends will be at the 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. 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. In addition, if we elect to defer the payment of interest on our subordinated notes (refer to “— Senior and Subordinated Notes” below), we generally may not make payments on or repurchase any shares of our capital stock.
We are a holding company and, therefore, our ability to pay dividends on our common stock, repurchase shares or debt, service our debt and meet our other obligations depends primarily on the ability of our subsidiaries to pay dividends and make other statutorily permissible payments to us. Our insurance subsidiaries are subject to significant regulatory and other restrictions limiting their ability to 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, 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 $791.9 million. We may seek approval of regulators to pay dividends in excess of any amounts that would be permitted without such approval. There can be
no assurance that we would obtain such approval if sought. Our international and non-insurance subsidiaries provide additional sources of dividends. 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 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.
Payments of dividends on shares of common stock are 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. For more information, see “Item 1A – Risk Factors – Financial Risks – Our ability to declare and pay dividends on our capital stock may be limited” and “Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations – Liquidity and Capital Resources.”
Securities Authorized for Issuance Under Equity Compensation Plans
See Item 12 of this Report for information about securities authorized for issuance under our equity compensation plans.
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