Company: AIZ
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001267238-25-000008
Chunk: 2

Company: ASSURANT, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7A
Chunk 2
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 foreign exchange risk, our general principle is to invest in assets that match the currency in which we expect liabilities to be paid.  Foreign exchange risk is mitigated by matching our liabilities under insurance policies that are payable in foreign currencies with investments that are denominated in such currencies.

The foreign exchange risk sensitivity of the fair value of our investments in foreign subsidiaries is assessed using a hypothetical 10% immediate change in each of the foreign currency exchange rates to which we are exposed.  The modeling technique we use to report our currency exposure does not take into account correlation among foreign currency exchange rates. Our actual experience may differ from the results indicated below, particularly due to the assumptions reflected or if events occur that were not included in the methodology. For more information, see “Item 1A – Risk Factors – Financial Risks – Actual results may differ materially from the analytical models we use to assist in our decision-making in key areas such as pricing, catastrophe risks, reserving and capital management” and “– Fluctuations in the exchange rate of the U.S. Dollar and other foreign currencies may materially and adversely affect our results of operations.”

The following table summarizes the net assets (liabilities) denominated in foreign currencies as of December 31, 2024 and 2023 and the sensitivity to a hypothetical strengthening of the U.S. dollar. 

December 31, 2024December 31, 20232024 vs. 2023Value of net assets (liabilities)Exchange rate per USDValue of net assets (liabilities)Exchange rate per USD% Change in exchange rate per USDBritish pound sterling (GBP)$323.3 1.2684$321.5 1.26490.3%Canadian dollar (CAD)239.3 0.6955233.9 0.7567(8.1)%Euro (EUR)146.8 1.0514170.7 1.0924(3.8)%Brazilian real (BRL)70.6 0.163087.3 0.2040(20.1)%Australian dollar (AUD)64.7 0.637260.5 0.6707(5.0)%Mexican peso (MXN)71.0 0.049785.4 0.0583(14.8)%Japanese yen (JPY)32.4 0.006528.6 0.0070(7.1)%New Zealand dollar (NZD