Company: AIZ
Filing Date: 2025-01-23
Form Type: 8-K
Source: 0001267238-25-000002
Chunk: 0

Company: ASSURANT, INC.
Filing Date: 2025-01-23
Form: 8-K
Item: Item 1.01
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Item 1.01.

Entry into a Material Definitive Agreement

On January 22, 2025 (the “ Effective Date”), Assurant, Inc. (the “ Company”), through its subsidiary, American Bankers Life Assurance Company of Florida (“ Seller”), entered into a Purchase and Sale Agreement (the “ Agreement”) with GPC Miami Business Park, LLC (“ Buyer”) to sell its Miami, Florida campus for a purchase price of $126 million. The Agreement provides for a 90-day due diligence period for the Buyer from the Effective Date of the Agreement. The transaction is subject to the Buyer receiving the requisite development approvals from relevant state and local government authorities, including approvals relating to land use, rezoning and site plan. This approval process will involve political as well as administrative processes and could take 18 to 24 months. Closing will occur within 30 days of Buyer receiving the requisite development approvals. The Company expects to relocate its current Miami operations to a new leased Miami site by the end of the second quarter of 2025.

Item 2.02. Results of Operations and Financial Condition.