Company: AIZ
Filing Date: 2025-06-26
Form Type: 11-K
Source: 0001267238-25-000036
Chunk: 10

Company: ASSURANT, INC.
Filing Date: 2025-06-26
Form: 11-K
Chunk 10
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 qualify as party-in-interest transactions. The total market value of the Plan’s allocated portion of the investments managed by the Trustee was $1,619.9 million, or 76%, and $1,420.8 million, or 75%, at December 31, 2024 and 2023, respectively. During 2024, the Plan’s allocated portion of interest and dividend income, realized gains (losses) and unrealized gains (losses) from investments managed by the T rustee was $25.7 million, $107.2 million and $74.3 million, respectively.

The Northern Trust Company, a Custodian of the Plan, manages a short-term collective investment trust fund held by the Plan and, therefore, the buying and selling of such investments would qualify as party-in-interest transactions. The total market value of the Plan’s allocated portion of the investments managed by the Custodian was $228 thousand and $209 thousand at December 31, 2024 and 2023, respectively. During 2024, the Plan’s allocated portion of interest and dividends from investments managed by the Custodian was not material.

For the year ended December 31, 2024, maintenance fees paid to Vanguard by Plan participants totaled $829 thousand. This amount is included as part of administrative expenses on the Statement of Changes in Net Assets Available for Benefits.

The Plan Sponsor pays for certain expenses related to the Plan, including asset management fees to registered investment companies other than Vanguard, audit fees and legal fees. Expenses that are paid by the Plan Sponsor are excluded from these financial statements.

A participant may change the investment of any portion of the participant’s account that is invested in Assurant, Inc. common stock into one or more other investment funds at any time in accordance with Plan rules. Participants of the Plan may transfer up to 25% of their current account balance into Assurant, Inc. common stock as well as allocate up to 25% of future contributions to Assurant, Inc. common stock.

Each participant who has any portion of their account invested in Assurant, Inc. common stock may elect to have dividends paid on Assurant, Inc. common stock held in their account either paid directly to the participant in cash or to have such dividends reinvested in Assurant, Inc. common stock. Each participant will always be 100% vested in any cash dividends that the participant elects to have either reinvested in Assurant, Inc. common stock or