Company: AIZ
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001267238-25-000008
Chunk: 3

Company: ASSURANT, INC.
Filing Date: 2025-02-20
Form: 10-K
Item: Item 7A
Chunk 3
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)15.2 0.578312.8 0.6213(6.9)%Chilean peso (CLP)12.1 0.001017.6 0.0011(9.1)%Argentine peso (ARS)13.7 0.00108.6 0.0012(16.7)%Indian rupee (INR)9.4 0.01189.0 0.0120(1.7)%Other (various currencies)(5.8)(2.6)Value of net assets denominated in foreign currencies$992.7 $1,033.3 Net assets$5,106.7 $4,809.5 As a percentage of total net assets19.4 %21.5 %Pre-tax decrease in fair value of our investments in foreign subsidiaries from a  hypothetical 10 percent strengthening of the USD$(109.6)$(116.1)Pre-tax increase in fair value of our investments in foreign subsidiaries from a hypothetical  10 percent weakening of the USD$109.6 $116.1 

Credit Risk

Credit risk is the possibility that counterparties may not be able to meet payment obligations when they become due. A counterparty is any person or entity from which cash or other forms of consideration are expected to extinguish a liability or obligation to us. With respect to our market risk sensitive instruments, we have exposure to credit risk as a holder of fixed maturity securities. 

Our risk management strategy and investment policy is to invest in securities from a diversified pool of issuers and to limit the amount of credit exposure with respect to any one issuer. We attempt to limit our credit exposure by imposing fixed maturity portfolio limits on individual issuers based upon credit quality, among other strategies. For additional information, refer to “Item 7 – Management’s Discussion and Analysis of Financial Condition and Results of Operations – Investments” and Notes 4 and 7 to the Consolidated Financial Statements included elsewhere in this Report. 

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