UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2025 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission file number 001-31978 Assurant, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) (I.R.S. Employer Iden ...

AUCKLAND, New Zealand--(BUSINESS WIRE)--Assurant, Inc. (NYSE: AIZ), a premier global protection company that safeguards and services connected devices, homes and automobiles in partnership with the world's leading brands, today announced it has received the Feefo Platinum Trusted Service Award, an exclusive recognition for businesses that consistently deliver world-class customer experiences year after year. The Platinum Trusted Service Award is given only to companies that have achieved the Go. ...

Core Insights - Assurant, Inc. (AIZ) reported a fourth-quarter 2025 net operating income of $5.61 per share, exceeding the Zacks Consensus Estimate by 1.08%, with a year-over-year increase of 17% [1] - Total revenues rose by 7.5% year over year to $3.3 billion, driven by higher net earned premiums, net investment income, and fees, surpassing the Zacks Consensus Estimate by 2.7% [2] - Adjusted EBITDA, excluding reportable catastrophes, increased by 3% to $445.9 million, reflecting growth in both Global Housing and Global Lifestyle segments [2] Financial Performance - Total benefits, losses, and expenses increased by 7.4% to $3.1 billion, primarily due to higher policyholder benefits and administrative expenses, exceeding the estimate of $2.8 billion [3] - Net earned premiums, fees, and other income in Global Housing increased by 10% to $711.4 million, driven by growth in policies in-force and higher average premiums, beating the Zacks Consensus Estimate of $697 million [4] - Adjusted EBITDA for Global Housing was $275.6 million, up 22% year over year, aided by lower pre-tax reportable catastrophes [5] Segment Analysis - Global Lifestyle's net earned premiums, fees, and other income rose by 7% to $2.5 billion, primarily due to growth in Connected Living and Global Automotive, surpassing the Zacks Consensus Estimate of $2.4 billion [6] - Adjusted EBITDA for Global Lifestyle was $195.3 million, a 2% year-over-year increase, driven by improved loss experience in Global Automotive and growth in Connected Living [7] - The adjusted EBITDA loss at Corporate & Other was $34.4 million, an improvement from the previous year's loss of $35.7 million, mainly due to lower third-party expenses [8] Full-Year Highlights - Adjusted earnings for 2025 increased by 19% to $19.77 per share, slightly beating the Zacks Consensus Estimate [9] - Total net earned premiums, fees, and other income from Global Lifestyle and Global Housing segments totaled $12.35 billion, up 8.1% [11] Financial Position - As of December 31, 2025, liquidity stood at $887 million, significantly above the targeted minimum of $225 million, with total assets increasing by 3.6% to $36.3 billion [12] - Debt increased by 6% year over year to $2.2 billion, while total shareholders' equity rose by 15% to $5.87 billion [12] Shareholder Returns - In 2025, share repurchases and dividends totaled $468 million, with $300 million spent on repurchasing 1.4 million shares [13] - As of early February 2026, Assurant had $745 million remaining under its current repurchase authorization [13] 2026 Guidance - Assurant expects adjusted EBITDA for 2026 to be flat to mid-high single-digit growth, with Global Lifestyle projected to increase in the high single digits [14] - Global Housing adjusted EBITDA is anticipated to decrease, while Corporate and Other adjusted EBITDA loss is expected to approximate $140 million [15] - Adjusted earnings per diluted share are expected to remain consistent with 2025 levels or increase mid-to-high single digits [16] Capital Deployment - Capital deployment priorities will focus on maintaining a strong financial position, supporting business growth through organic investments and M&A, and returning capital to shareholders [17]

Financial Data and Key Metrics Changes - In 2025, the company achieved 11% growth in adjusted EBITDA and 12% growth in adjusted earnings per share, both excluding catastrophes. Including catastrophes, adjusted EBITDA and adjusted EPS grew 16% and 19% respectively [4][6] - Adjusted EPS, excluding catastrophes, reached $22.81 per share, reflecting a high teens compound annual growth rate since 2020 [6] - The company generated a total shareholder return of 93% over the past five years [6] Business Line Data and Key Metrics Changes - Global Lifestyle saw mid-single-digit adjusted EBITDA growth, driven by Connected Living and Global Automotive [7] - In Connected Living, adjusted EBITDA grew mid-single digits, with nearly 2 million new protected devices added over the past year, totaling over 66 million devices globally [7][8] - Global Housing's adjusted EBITDA grew double digits, surpassing $1 billion, with a strong underlying combined ratio of 80% [10][11] Market Data and Key Metrics Changes - The company reported a 5% increase in enforced policies year-over-year in the lender-placed homeowners market, driven by a hardening voluntary homeowners market [10] - In renters, policies increased by 15%, supported by new portfolio onboarding [11] Company Strategy and Development Direction - The company is focused on investing in innovation across its lifestyle and housing businesses to drive long-term value creation [4] - The entry into the home warranty market is seen as a path to market leadership, leveraging existing capabilities and partnerships [13][14] - The company aims to expand its market position in 2026, with expectations of high single-digit earnings growth in Global Lifestyle and solid underlying growth in Global Housing [15][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory heading into 2026, with expectations for continued strong performance in both Global Lifestyle and Global Housing [17][22] - The company anticipates mid to high single-digit growth in adjusted EBITDA and earnings per share for 2026, excluding prior-year reserve development [22] Other Important Information - The company returned $138 million to shareholders in 2025, including $94 million in share repurchases and $44 million in dividends [20] - The company completed four small acquisitions in 2025 to enhance its products and capabilities [21] Q&A Session Summary Question: Can you help us unpack the Connected Living growth in the context of the guidance? - Management noted that while premium growth accelerated, investments and new client programs are offsetting some of that growth [27][30] Question: How do you feel about the reserve confidence in housing? - Management expressed confidence in the reserve position and noted strong underlying growth in housing [31][33] Question: What are the main competitors in the home warranty channel? - Management indicated that the market is fragmented with many players, presenting significant growth opportunities [100] Question: What is the expected investment for the home warranty business in 2026? - Management indicated an expected investment of $15 million-$20 million for the home warranty business in 2026 [42] Question: How is AI being incorporated into the business? - Management highlighted the use of AI to improve customer experience, operational efficiency, and product personalization [58][59] Question: What is the outlook for share repurchases? - Management indicated a strong capital position and plans for share repurchases in the range of $250 million-$350 million for 2026 [116]

Assurant (NYSE:AIZ) Q4 2025 Earnings call February 11, 2026 08:00 AM ET Company ParticipantsKeith Demmings - President and CEOKeith Meier - CFOSean Moshier - VP of Investor RelationsConference Call ParticipantsBob Huang - Equity Research AnalystCharles Lederer - Equity Research AnalystDan Lukepenot - Equity Research AnalystJeffrey Schmitt - Equity Research AnalystJohn Barnidge - Equity Research AnalystMark Hughes - Equity Research AnalystTommy McJoynt - Equity Research AnalystNone - AnalystOperatorWelcome t ...

Assurant (NYSE:AIZ) Q4 2025 Earnings call February 11, 2026 08:00 AM ET Speaker8Welcome to Assurant Fourth Quarter 2025 conference call and webcast. At this time, all participants have been placed in a listen-only mode, and the floor will be open for your questions following management's prepared remarks. We ask that you please hold all questions until the completion of the formal remarks, at which time you will be given instructions for the question-and-answer session. It is now my pleasure to turn the flo ...

Fourth Quarter & Full-Year 2025 Results Investor Presentation © 2026 Assurant, Inc. All rights reserved. Company confidential. 1 Keith Demmings President & Chief Executive Officer Keith Meier Executive Vice President & Chief Financial Officer © 2026 Assurant, Inc. All rights reserved. Company confidential. 2 Cautionary Statement Some of the statements in this presentation, including our business and financial plans and any statements regarding our anticipated future financial performance, business prospects ...

分组1 - Assurant reported quarterly earnings of $5.61 per share, exceeding the Zacks Consensus Estimate of $5.55 per share, and up from $4.79 per share a year ago, representing an earnings surprise of +1.01% [1] - The company achieved revenues of $3.37 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.72%, and an increase from $3.13 billion year-over-year [2] - Assurant has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] 分组2 - The stock has underperformed the market with a decline of about 2.3% since the beginning of the year, while the S&P 500 has gained 1.7% [3] - The current consensus EPS estimate for the upcoming quarter is $5.38 on revenues of $3.25 billion, and for the current fiscal year, it is $21.16 on revenues of $13.46 billion [7] - The Zacks Industry Rank for Insurance - Multi line is in the bottom 31% of over 250 Zacks industries, suggesting potential challenges for the sector [8]

Financial Performance - GAAP net income for Q4 2025 increased 12% to $225.2 million, compared to $201.3 million in Q4 2024, driven by lower reportable catastrophes and higher segment earnings, particularly in Global Housing[6] - Adjusted EBITDA for Q4 2025 rose 14% to $436.5 million, up from $381.4 million in Q4 2024, primarily due to lower reportable catastrophes and growth in Global Housing[6] - Full year 2025 GAAP net income increased 15% to $872.7 million, compared to $760.2 million in 2024, mainly due to higher segment earnings in Global Housing and lower reportable catastrophes[9] - Full year 2025 Adjusted EBITDA increased 16% to $1,536.2 million, up from $1,322.4 million in 2024, driven by higher segment earnings in Global Housing and growth in Global Lifestyle[9] - Adjusted EBITDA for 2025 was reported at $1,536.2 million, up from $1,322.4 million in 2024[28] - Total revenues for 2025 reached $12,814.3 million, up from $11,877.5 million in 2024, reflecting a growth of 7.9%[32] - Adjusted EBITDA for 2025, including FX impact, increased by 16.2% year-over-year[31] Premiums and Income - Net earned premiums, fees, and other income from Global Lifestyle and Global Housing segments totaled $3.23 billion in Q4 2025, an 8% increase from $2.99 billion in Q4 2024[6] - Full year 2025 net earned premiums, fees, and other income reached $12.35 billion, an 8% increase from $11.42 billion in 2024, supported by growth across all lines of business[9] - Net earned premiums for Q4 2025 were $2,705.7 million, an increase of 5.8% from $2,557.5 million in Q4 2024[32] Adjusted Earnings - Adjusted earnings per diluted share for 2025 was $22.81, consistent with 2025 levels when excluding reportable catastrophes[17] - Adjusted earnings per diluted share for Q4 2025 were $5.61, compared to $4.79 in Q4 2024, representing a 17.2% increase[30] Segment Performance - Global Housing Adjusted EBITDA for Q4 2025 increased 22% to $275.6 million, compared to $225.4 million in Q4 2024, primarily due to lower reportable catastrophes[10] - Global Lifestyle Adjusted EBITDA is anticipated to increase by high single digits, driven by contributions from Connected Living and Global Automotive[17] Capital Management - Share repurchases and common stock dividends totaled $138 million in Q4 2025, with $468 million for the full year 2025[14] - Common stock dividends per share increased to $0.88 in Q4 2025 from $0.80 in Q4 2024, a growth of 10%[32] - Holding company liquidity totaled $887 million as of December 31, 2025, significantly above the minimum level of $225 million[12] - Capital deployment priorities include maintaining a strong financial position, supporting business growth through organic investments and M&A, and returning capital to shareholders[18] Company Developments - The company launched Assurant Home Warranty in 2025, contributing to new partnerships and market expansion[3] - The company operates in 21 countries and leverages data-driven technology solutions to enhance customer experiences[20] Assets and Liabilities - Total assets increased to $36,289.6 million in 2025 from $35,020.6 million in 2024, a rise of 3.6%[33] - The company’s debt rose to $2,206.9 million in 2025, compared to $2,083.1 million in 2024, reflecting an increase of 5.9%[33] Future Projections - Adjusted EBITDA for 2026 is expected to be consistent with 2025 levels or increase mid-to-high single digits, excluding $113.1 million of favorable prior year development[17] - Adjusted earnings per diluted share for 2026 is projected to be consistent with 2025 levels or increase mid-to-high single digits, excluding the same $113.1 million of favorable prior year development[17] - Corporate and Other Adjusted EBITDA loss is expected to approximate $140 million, reflecting organic investments in the Home Warranty business[17]

ATLANTA--(BUSINESS WIRE)--Assurant, Inc. (NYSE: AIZ): (Unaudited) Q4'25  Q4'24  Change  12M'25  12M'24  Change $ in millions, except per share data GAAP net income 225.2  201.3  12%  872.7  760.2  15% Adjusted EBITDA1 436.5  381.4  14%  1,536.2  1,322.4  16% Adjusted EBITDA, ex. reportable catastrophes2 445.9  431.5  3%  1,734.4  1,569.4  11%       GAAP net income per diluted share 4.41 3.87 14% 16.93 14.46 17% Adjusted earnings per diluted share3. ...