Assurant, Inc. is a global business services company that supports, protects, and connects major consumer purchases. The company operates through two segments: Global Lifestyle, providing mobile device solutions, extended service contracts, and vehicle protection services; and Global Housing, offering lender-placed and voluntary insurance products. Assurant's competitive advantages include its financial strength, innovative capabilities, value chain integration, and customer experience.

• Employees: 13,600 (as of December 31, 2023)
• Geographic Footprint: North America, Latin America, Europe and Asia Pacific
• Headquarters: Atlanta, Georgia
• Founded: 2004
• Revenue: $11.13 billion (FY2023)
• Key Subsidiaries/Brands: Global Lifestyle, Global Housing

• CEO: Keith Demmings
• CFO: Keith Meier (appointed November 2023)
• COO: Francesca Luthi (appointed November 2023)

The executive team was recently realigned to support the company's global growth strategy. Key leaders have extensive experience in financial and operational roles.

• Annual Revenue: $11.13 billion (FY2023)
• Net Income: $642.5 million
• Total Assets: $33.64 billion
• Number of Employees: 13,600 (as of December 31, 2023)
• Key Financial Highlights: Profitable growth in 2023, strong capital position, and significant operating cash flows.

Assurant provides a range of products and services, including:

• Connected Living: Mobile device solutions, extended service contracts for consumer electronics and appliances, and credit and other insurance products.
• Global Automotive: Vehicle protection services and commercial equipment services.
• Homeowners: Lender-placed and voluntary homeowners insurance.
• Renters and Other: Renters insurance and other related products.

• Global Lifestyle: Includes Connected Living and Global Automotive, with revenue of $8.56 billion (FY2023).
• Global Housing: Includes Homeowners and Renters and Other, with revenue of $2.14 billion (FY2023).

Assurant's strategy focuses on growing its market-leading businesses, providing integrated offerings through a superior digital-first customer experience, and deploying capital strategically. Key initiatives include strengthening partnerships, investing in talent and technology, and driving operational efficiency. The company aims to be the leading global business services company supporting the advancement of the connected world.

Assurant operates in the global business services industry, supporting major consumer purchases. Key market trends include the convergence of connected devices and the increasing demand for digital-first customer experiences. The company faces competition from insurance companies, warranty and protection companies, financial services companies, and technology companies. The mobile protection market is a large and growing global market with evolving wireless standards. The U.S. new vehicle sales market is showing modest improvements.

• Business, Strategic and Operational Risks: Dependence on key clients, competitive pressures, execution of strategy, and ability to manage vendors and third parties.
• Financial Risks: Potential for claims losses exceeding reserves, inability to accurately predict and price for claims, and credit rating downgrades.
• Macroeconomic, Political and Global Market Risks: General economic conditions and political conditions in the markets in which the company operates.
• Technology, Cybersecurity and Privacy Risks: Failure to maintain and modernize technology systems, and potential liability from security breaches.
• Legal and Regulatory Risks: Exposure to extensive laws and regulations, changes in tax laws, and litigation and regulatory actions.