Assurant Inc. Preferred Stock 5.25% (AIZN)

Overview

Assurant, Inc. is a premier provider of tailored insurance and risk management solutions with a focus on lifestyle and housing sectors. Established in 1892, the company has grown into a global entity, offering a wide array of services aimed at protecting consumer purchases in various markets. Assurant operates through three main segments: Global Lifestyle, Global Housing, and Corporate and Other, each dedicated to addressing specific needs of their clientele. Headquartered in Atlanta, GA, Assurant continues to innovate and expand its offerings to meet the evolving needs of consumers around the world.

Products and Services

• Global Lifestyle Solutions:

This segment is dedicated to enhancing the life of consumers by providing mobile device solutions, extended service products, and related services for mobile devices, consumer electronics, and appliances. It also covers vehicle protection services, offering comprehensive care and support for consumers’ mobility needs.

• Global Housing Solutions:

Assurant’s Global Housing segment offers a range of insurance products designed to protect lenders and homeowners. This includes lender-placed homeowners’ insurance, lender-placed manufactured housing insurance, and lender-placed flood insurance. Additionally, it provides renters' insurance covering personal property theft or damage, voluntary manufactured housing insurance, voluntary homeowners’ insurance, and other specialty products tailored to meet the unique needs of housing industry participants.

• Corporate and Other Activities:

This segment encompasses the corporate employee-related expenses and the various activities that support the holding company. It represents the essential backbone of Assurant, enabling the company to maintain its efficiency and effectiveness across all operational areas.