Company: AIZ
Filing Date: 2025-01-23
Form Type: 8-K
Source: 0001267238-25-000002
Chunk: 1

Company: ASSURANT, INC.
Filing Date: 2025-01-23
Form: 8-K
Item: Item 2.02
Chunk 1
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Item 2.02.

Results of Operations and Financial Condition.

The Company announced today that it expects to record approximately $50 million pre-tax, or $40 million after-tax, of reportable catastrophes for fourth quarter 2024, which is more favorable than the early estimates provided on our third quarter 2024 earnings call in November. Reportable catastrophes were primarily within lender-placed in Global Housing and were largely driven by Hurricane Milton.

The Company’s reportable catastrophes include individual catastrophic events that generate losses in excess of $5 million, pre-tax, net of reinsurance and client profit sharing adjustments and including reinstatement and other premiums.

The recent California wildfires are expected to be a reportable catastrophe for first quarter 2025. The Company expects to provide additional information during its fourth quarter 2024 earnings call on February 12, 2025.

The information being furnished pursuant to this Item 2.02 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “ Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing of the Company under the Securities Act of 1933, as amended, or the Exchange Act, except as may be expressly set forth by specific reference in any such filing.

Cautionary Statement

Some of the statements in this Form 8-K, particularly expected reportable catastrophes, may constitute forward-looking statements within the meaning of the U. S. Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained in this Form 8-K are based upon the Company’s historical performance and on current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by the Company or any other person that the Company’s future plans, estimates or expectations will be achieved. Actual results may differ materially from those projected in the forward-looking statements. The Company undertakes no obligation to update or review any forward-looking statement, whether as a result of new information, future events or other developments. For additional information on factors that could affect the Company’s actual results, please refer to the factors identified in the reports that the Company files with the U. S. Securities and Exchange Commission, including the risk factors identified in the Company’s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

Item 9.01. Financial Statements and Exhib