ASSURANT, INC. (AIZ)

Assurant, Inc. is a global protection company, incorporated in Delaware in 2004, that partners with leading brands to safeguard and service connected devices, homes and automobiles. It uses data-driven technology, including AI, digital tools and robotics, to deliver customer experiences. It operates in North America, Latin America, Europe and Asia Pacific, and sells mainly through a business-to-business-to-consumer model. As of December 31, 2025, it reported $36.29 billion in total assets.

The company has two segments. Global Lifestyle had 2025 net earned premiums, fees and other income of $9,582.5 million and Segment Adjusted EBITDA of $801.3 million. It includes Connected Living, which covers mobile device solutions, extended service contracts and related services for consumer electronics and appliances, and financial services and other insurance products such as credit card benefits, packaged bank account benefits, travel coverage and credit insurance. It also includes Global Automotive, which underwrites and administers vehicle service contracts and ancillary products, such as guaranteed asset protection and commercial and leased equipment protection. Mobile services include device lifecycle solutions, repair, refurbishment, trade-in and upgrade, technical support and asset value recovery. Global Housing had 2025 revenue of $2,768.8 million and Segment Adjusted EBITDA of $858.7 million. Its Homeowners line offers lender-placed homeowners, manufactured housing and flood insurance, plus voluntary manufactured housing, condominium and homeowners insurance. Renters and Other offers renters insurance and other products. Lender-placed coverage relies on proprietary insurance-tracking systems linked to clients' mortgage portfolios.

Global Lifestyle's customers are clients that distribute its products. They include mobile carriers, original equipment manufacturers (OEMs), cable operators, consumer electronics and appliance retailers, financial institutions, auto dealers and agents, manufacturers, equipment retailers, banks and financing companies. In 2025, about 80.7% of its revenue came from North America, 7.7% from Latin America, 5.9% from Europe and 5.7% from Asia Pacific. Many agreements are exclusive and multi-year, generally lasting three to five years, and the segment depends on a few clients, particularly mobile carriers and cable operators. Global Housing serves lenders, mortgage servicers and investors, as well as individual homeowners and renters. The company earns premiums on its insurance and service contracts and fees for other services, and for some contracts it shares underwriting risk with clients through reinsurance or profit-sharing.

Operationally, the company owns or manages multiple parts of the value chain, including claims handling, logistics, repair and customer support. It runs a global network of about 1,150 repair and partner locations and device care centers, including its Nashville Innovation and Device Care Center, and it carries inventory of devices and parts for its mobile business. Demand is seasonal, tied to retail and automotive cycles and to new device releases and carrier promotions. The text does not name specific competitors or the headquarters location.