Assurant

Assurant, Inc. is a leading global business services company that supports, protects, and connects major consumer purchases. Headquartered in Atlanta, Georgia, Assurant operates as a Fortune 500 company with a presence in 21 countries, utilizing data-driven technology solutions to provide exceptional customer experiences. The company ranks #325 on the Fortune 500 list of the largest companies in the United States by revenue as of 2022.

Assurant divides its operations into two primary business segments: Global Housing and Global Lifestyle. The Global Housing segment offers a comprehensive range of products including lender-placed homeowners insurance, manufactured housing coverage, flood insurance, and renters insurance, where Assurant protects more than 2.5 million units and is recognized as a market leader with over 40 years of experience in the lender-placed insurance segment. The Global Lifestyle segment provides mobile device protection, consumer electronics and appliance service plans, vehicle protection services, and credit insurance, all under its globally connected living business. Assurant is one of the top insurers for mobile devices and electronics globally, partnering with the world's leading brands to develop innovative solutions.

Assurant's revenue model is robust and multi-faceted, drawing from various streams to ensure sustainable growth. The company primarily generates income through premiums on its insurance products and risk management services, along with service fees charged for administrative and management services and investment income earned from the company's investment portfolio. In 2024, Assurant delivered its second consecutive year of double-digit earnings and EPS growth, led by strong Global Housing results and underlying Connected Living growth within Global Lifestyle. The company reported annual revenue of $11.88 billion in 2024 with 6.70% growth, GAAP net income that increased 18 percent versus the prior year, and adjusted EBITDA excluding reportable catastrophes that increased 15 percent to $1.57 billion.

The company is committed to fostering an inclusive and performance-based culture that champions diversity of thought to drive growth and innovation. With a workforce of 14,200 employees as of December 31, 2024, Assurant has enabled more than 80% of employees to work from home, and 89% of employees say it is a great place to work compared to 57% at a typical U.S.-based company. Assurant's culture, known as "The Assurant Way," is built on four enduring values: common sense, common decency, uncommon thinking, and uncommon results. The company's mission is to help clients and customers protect what is important to them: their home, their personal property, and their ability to recover from natural, personal and financial catastrophes. Looking ahead, Assurant is investing approximately $2 billion annually in system upgrades and has achieved significant multi-year contract renewals and new partnerships with industry leaders in 2024, positioning the company for continued momentum and profitable growth in 2025.