Assurant, Inc. (AIZ) SEC Filings & Earnings Calls

Commercial real estate loan concentration

“As of June 30, 2026, approximately 34% of the outstanding principal balance of commercial mortgage loans was concentrated in the states of California, Texas and Maryland.”

Investment portfolio unrealized losses

“Total gross unrealized losses represented approximately 6% of the aggregate fair value of the related securities as of June 30, 2026.”

Reportable catastrophes remain a source of earnings volatility, though lower in Q2.

“Reportable catastrophes $12.2 million compared to $29.8 million in prior year”

Higher effective tax rate partially offset earnings growth.

“Partially offset by the impact of a higher effective tax rate” · word for word

Potential dilution from increased share reserve under equity incentive plan.

“increase the available share reserve under the ALTEIP by 480,000 shares” · word for word

Commercial real estate loan concentration

“As of March 31, 2026, approximately 34% of the outstanding principal balance of commercial mortgage loans was concentrated in the states of California, Texas and Maryland.”

Investment portfolio unrealized losses

“Total gross unrealized losses represented approximately 7% of the aggregate fair value of the related securities as of March 31, 2026.”

Reportable catastrophes significantly lower YoY but remain a risk for Global Housing.

“Reportable catastrophes: $24.4 million in Q1'26 vs $157.0 million in Q1'25”

Global Housing ex-cat results declined 3% due to lower favorable prior year reserve development and normalized non-cat loss experience.

“Excluding reportable catastrophes, Adjusted EBITDA decreased 3 percent, including $8 million of lower favorable prior year reserve development (PYD). Underlying results, excluding PYD, were consistent with the prior period.”

Catastrophe Loss Volatility

“The first quarter of 2025 saw a significant decrease in Adjusted EBITDA compared to the prior year due to $143 million of higher pre-tax reportable catastrophes, including substantial losses from California wildfires.” · word for word

Homeowner's Market Softening

“AIZ acknowledged the need to monitor market dynamics, such as the potential softening of the broader homeowner's market.” · word for word

Inflationary Pressure

“AIZ said that it faces ongoing inflationary pressures across the industry, which could impact future performance.” · word for word

Client concentration risk

“Global Lifestyle is dependent on a few clients, in particular those in the mobile eco-system including carriers and MSOs. A reduction in business with or the loss of one or more such clients could have a material adverse effect on our results of operations and cash flows.” · word for word

Catastrophe loss risk

“Because several of our business lines (such as homeowners, manufactured housing and other property policies) are exposed to catastrophe risks, we purchase reinsurance coverage to reduce our financial exposure, protect capital, and mitigate earnings and cash flow volatility.” · word for word

Inventory value decline risk

“No assurance can be given that we will be adequately protected against declines in inventory value.” · word for word

Reportable catastrophes remain a volatility factor, though lower YoY

“Reportable catastrophes of $9.4M in Q4 vs $50.1M prior year”

Commercial mortgage loan credit risk

“20.4% of commercial mortgage loans have debt-service coverage ratios less than 1.0 as of September 30, 2025.”

Investment portfolio unrealized losses

“Total gross unrealized losses represented approximately 12% of the aggregate fair value of the related securities as of September 30, 2025.”

Reportable catastrophes were $2M in Q3 2025 vs $138.2M in Q3 2024, a significant reduction but still a risk factor

“Reportable catastrophes of $2.0 million compared to $138.2 million in the prior year quarter”