Company: AIZ
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001267238-25-000008
Chunk: 51

Company: ASSURANT, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1A
Chunk 51
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Item 1A. Risk Factors

Certain factors may have a material adverse effect on our business, financial condition, results of operations and cash flows. You should carefully consider them, along with the other information presented in this Report. It is not possible to predict or identify all such factors. Additional risks and uncertainties that are not yet identified or that we currently believe to be immaterial may also materially harm our business, financial condition, results of operations and cash flows.

The following is a summary of the material risks that could adversely affect our business, financial condition, results of operations and cash flows.

Business, Strategic and Operational Risks

•Our revenues and profits may decline if we are unable to maintain relationships with significant clients, distributors and other parties, or renew contracts with them on favorable terms, or if those parties face financial, reputational or regulatory issues. 

•Significant competitive pressures, changes in customer preferences and disruption could adversely affect our results of operations.

•The success of our business depends on the execution of our strategy, including through the continuing service of key executives, senior leaders, highly-skilled personnel and a high-performing workforce.

•We may be unable to find suitable acquisition candidates at attractive prices, integrate acquired businesses or divest of non-strategic businesses effectively or achieve organic growth, which could have a material adverse effect on our business, financial condition and results of operations. 

•Our inability to successfully recover should we experience a business continuity event could have a material adverse effect on our business, financial condition and results of operations. 

•Failure to successfully manage vendors and other third parties could adversely affect our business.

•We face risks associated with our international operations.

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•Our mobile business is subject to the risk of declines in the value and availability of mobile devices, and to regulatory compliance and other risks. 

•Sales of our products and services may decline if we are unable to develop and maintain distribution sources or attract and retain sales representatives and executives with key client relationships. 

•We face risks associated with joint ventures, franchises and investments in which we share ownership or management with third parties.

•Catastrophe and non-catastrophe losses, including as a result of climate change and the current inflationary environment, could materially reduce our profitability and have a material adverse effect on our results of operations and financial condition. 

•Negative publicity relating to our business, industry or clients may have a material adverse effect on our financial results. 

Macroeconomic, Political and Global Market Risks

•General economic, financial market