Assurant, Inc. (NYSE: AIZN)

Assurant, Inc. is a premier global protection company that partners with leading brands to safeguard and service connected devices, homes and automobiles. The company leverages data driven technology solutions to deliver exceptional customer experiences across its two operating segments, Global Lifestyle and Global Housing. It operates in North America, Latin America, Europe and Asia Pacific, serving a broad base of clients that rely on its risk management and service capabilities. Assurant’s focus on innovation and integrated solutions helps it maintain long term relationships with its partners while addressing evolving consumer needs.

Assurant generates revenue primarily from insurance premiums, service contract fees and related service charges for its protection and specialty products. In 2025 the Global Lifestyle segment reported net earned premiums, fees and other income of $9,582.5 million, while the Global Housing segment reported $2,768.8 million. Within Global Lifestyle, the Connected Living business contributed $5,378.7 million and the Global Automotive business contributed $4,203.8 million. Within Global Housing, the Homeowners line generated $2,192.4 million and the Renters and Other line generated $576.4 million. The company follows a business to business to consumer model, earning fees from partners such as wireless carriers, retailers, financial institutions, mortgage lenders and property management firms.

The company operates through the following segments: Global Lifestyle and Global Housing.

• Global Lifestyle: This segment provides mobile device solutions, extended service contracts and related services for consumer electronics and appliances, credit and other insurance products (referred to as Connected Living), and vehicle protection services, commercial equipment protection and other related services (referred to as Global Automotive).

• Global Housing: This segment offers lender placed homeowners, manufactured housing and flood insurance, voluntary manufactured housing, condominium and homeowners insurance (referred to as Homeowners), and renters insurance and other products (referred to as Renters and Other).

Assurant holds a strong position in the protection insurance industry due to its diversified product suite, deep partnerships with leading global brands and a robust balance sheet that supports steady cash flow generation. Its competitive advantages include a data driven technology platform, end to end value chain capabilities, and a business to business to consumer distribution model that creates barriers to entry and fosters long term contracts with key clients. While it faces competition from various insurance, warranty and technology firms, no single competitor matches its breadth across connected devices, homes and automobiles.

The company’s customer base consists of major wireless carriers, original equipment manufacturers, retailers, financial institutions, mortgage lenders, servicers, property management companies and auto dealers that rely on Assurant to protect their customers’ devices, homes and vehicles. By serving these intermediaries, Assurant reaches millions of end consumers who purchase protection plans through their everyday transactions. Its relationships are often governed by multi year exclusive agreements that allow deep integration of its technology and service platforms with those of its partners.