Assurant(AIZ) - 2024 Q4 - Annual Results

Catastrophes and Financial Impact - Assurant expects to record approximately $50 million pre-tax ($40 million after-tax) of reportable catastrophes for Q4 2024, primarily driven by Hurricane Milton[6] - The recent California wildfires are expected to be a reportable catastrophe for Q1 2025[7] Property Sale and Relocation - Assurant entered into a Purchase and Sale Agreement to sell its Miami, Florida campus for $126 million[5] - The transaction is subject to a 90-day due diligence period and development approvals, which could take 18 to 24 months[5] - Assurant plans to relocate its Miami operations to a new leased site by the end of Q2 2025[5]