Company: AIZ
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001267238-25-000045
Chunk: 33

Company: ASSURANT, INC.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 2
Chunk 33
---
 maturity securities with a sufficient component of such securities invested that are near maturity which may be sold with minimal risk of loss to meet cash needs. 

Generally, our subsidiaries’ premiums, fees and investment income, along with planned asset sales and maturities, provide sufficient cash to pay claims and expenses. However, there may be instances when unexpected cash needs arise in excess of that available from usual operating sources. In such instances, we have several options to raise needed funds, including selling assets from the subsidiaries’ investment portfolios, using holding company cash (if available), issuing commercial paper, or drawing funds from the Credit Facility. 

44

Senior and Subordinated Notes 

The following table shows the principal amount and carrying value of our outstanding debt, less unamortized discount and issuance costs as applicable, as of June 30, 2025 and December 31, 2024:

June 30, 2025December 31, 2024Principal AmountCarrying ValuePrincipal AmountCarrying Value6.10% Senior Notes due February 2026$175.0 $174.6 $175.0 $174.3 4.90% Senior Notes due March 2028300.0 298.8 300.0 298.6 3.70% Senior Notes due February 2030350.0 348.3 350.0 348.2 2.65% Senior Notes due January 2032350.0 347.5 350.0 347.3 6.75% Senior Notes due February 2034275.0 273.0 275.0 272.8 7.00% Fixed-to-Floating Rate Subordinated Notes due March 2048 400.0 398.0 400.0 397.7 5.25% Subordinated Notes due January 2061250.0 244.2 250.0 244.2 Total Debt$2,084.4 $2,083.1 

In the next five years, we have three debt maturities in February 2026, March 2028 and February 2030 when the 2026 Senior Notes, the 2028 Senior Notes and the 2030 Senior Notes, respectively, become due and payable. 

Credit Facility and Commercial Paper Program

In June 2025, we entered into a $500.0 million five-year senior unsecured revolving credit facility (the “Credit