Company: AIZ
Filing Date: 2025-04-08
Form Type: DEF 14A
Source: 0001267238-25-000018
Chunk: 43

Company: ASSURANT, INC.
Filing Date: 2025-04-08
Form: DEF 14A
Chunk 43
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 560,000 |

Each year, the Comp ensation and Talent Commi ttee reviews the selection and weight of metrics to ensure alignment with the Company’s strategic and financial objectives. For 2024, the Compensation and Talent Committee determined to continue to prioritize financial performance metrics focused on profitability and revenue growth (n et earned premiums, fees and other income), set at the enterprise level, paired with an individual performance component permitting differentiation of award payouts and recognition of contributions to strategic, financial and leadership goals. The mix of metrics for 2024 was as follows:

| ESTIP Metrics                                      |     | Weight |
| Adjusted EBITDA, excluding reportable catastrophes |     | 50%    |
| Net earned premiums, fees and other income         |     | 30%    |
| Individual performance component                   |     | 20%    |

The Adjusted EBITDA metric excludes reportable catastrophes because they create volatility that is beyond management’s control and the Compensation and Talent Committee believes management should be focused on the underlying performance of the business, which is consistent with how the Company reports its results.

| 59 |     | Notice of 2025 Annual Meeting of Stockholders and Proxy Statement |

| Compensation Discussion and Analysis |

2024 Financial Performance Levels and Results 1 ,2

The following table shows the financial performance necessary to achieve threshold (50% payout), target (100% payout), and maximum (200% payout) annual incentive award amounts, along with actual results for 2024.

| ESTIP Metrics                                 |     | Weight |     | Threshold |     |  Target |     | Maximum |     | Actual3 |     | Performance Factor |
| Adjusted EBITDA                               
 (excluding reportable catastrophes)4          |     | 50%    |     |    $1,240 |     |  $1,459 |     |  $1,605 |     |  $1,569 |     |               1.76 |
| Net earned premiums, fees and other income4,5 |     | 30%    |     |    $9,581 |     | $11,272 |     | $12,963 |     | $11,424 |     |               1.03 |
| Enterprise Financial Performance Factor       |     |        |     |           |     |         |     |         |     |         |     |               1.49 |

1 Dollar amounts applicable to performance levels are in millions. The performance