Company: AIZ
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001267238-25-000008
Chunk: 52

Company: ASSURANT, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1A
Chunk 52
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 and political conditions and conditions in the markets in which we operate may materially adversely affect our results of operations and financial condition. 

Financial Risks

•Our actual claims losses may exceed our reserves for claims, requiring us to establish additional reserves or to incur additional expense for settling unreserved liabilities, which could have a material adverse effect on our results of operations, profitability and capital. 

•We may be unable to accurately predict and price for claims and other costs, which could reduce our profitability.

•A decline in the financial strength ratings of our insurance subsidiaries could adversely affect our results of operations and financial condition. 

•A credit rating agency downgrade of our corporate senior debt rating could materially and adversely impact our business. 

•Fluctuations in the exchange rate of the U.S. Dollar and other foreign currencies may materially and adversely affect our results of operations. 

•An impairment of our goodwill or other intangible assets could materially adversely affect our results of operations and book value. 

•Failure to maintain effective internal control over financial reporting could have a material adverse effect on our business and stock price. 

•Unfavorable conditions in the capital and credit markets may significantly and adversely affect our access to capital and our ability to pay our debts or expenses. 

•Our investment portfolio is subject to market risk, including changes in interest rates, that may adversely affect our results of operations and financial condition. 

•Our investment portfolio is subject to credit, liquidity and other risks that may adversely affect our results of operations and financial condition. 

•The value of our deferred tax assets could become impaired, which could materially and adversely affect our results of operations and financial condition. 

•Reinsurance may not be adequate or available to protect us against losses, and we are subject to the credit risk of reinsurers. 

•Through reinsurance, we have sold or exited businesses that could again become our direct financial and administrative responsibility if the reinsurers become insolvent. 

•We are exposed to risks related to the creditworthiness and reporting systems of some of our agents, third-party administrators and clients. 

•Our subsidiaries’ inability to pay us sufficient dividends could prevent us from meeting our obligations and paying future stockholder dividends. 

•Our ability to declare and pay dividends on our capital stock may be limited.

•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.

20

Technology, Cybersecurity and Privacy Risks

•The failure to effectively maintain and