Assurant Board of Directors Authorizes $700 Million Share Repurchase Program and Approves Common Stock Dividend Increase of 10%
Raises Quarterly Dividend $0.08 to $0.88 per Common Share
Assurant, Inc. (NYSE:AIZ), a premier global protection company that safeguards and services connected devices, homes and automobiles in partnership with the world's leading brands, announced today that its Board of Directors (Board) authorized a repurchase program for up to $700 million of the company's outstanding common stock. The $700 million share repurchase authorization is in addition to the company's current authorization, of which approximately $141 million remained unused as of October 31, 2025.
In addition, the company's Board declared a quarterly dividend increase of $0.08 to $0.88 per share of common stock. The dividend will be payable on December 29, 2025 to stockholders of record as of the close of business on December 1, 2025.
"Assurant continues to operate from a position of strength, supported by our healthy capital position and disciplined capital management. Driven by the strong performance and cash flow of our differentiated B2B2C businesses, we are able to invest in growth while prioritizing shareholder returns," said Assurant Chief Financial Officer Keith Meier. "Today's increase in our common stock dividend for the 21st consecutive year reflects the strength of our financial position and our confidence in robust cash flow generation for the future."
Future dividend declarations will be made at the discretion of the Assurant Board and will be dependent upon the company's earnings, financial condition, capital requirements, future prospects, regulatory restrictions and other considerations.
About Assurant
Assurant, Inc. (NYSE:AIZ) is a premier global protection company that partners with the world's leading brands to safeguard and service connected devices, homes, and automobiles. As a Fortune 500 company operating in 21 countries, Assurant leverages data-driven technology solutions to provide exceptional customer experiences.
Learn more at assurant.com.
Safe Harbor Statement
Some of the statements in this news release, including the timing and amount of future share repurchases, may constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained in this news release are based upon our historical performance and on current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by us or any other person that our future plans, estimates or expectations will be achieved. Our actual results might differ materially from those projected in the forward-looking statements. We undertake no obligation to update or review any forward-looking statement, whether as a result of new information, future events or other developments. For information on factors that could affect our actual results, please refer to the factors identified in the reports we file with the U.S. Securities and Exchange Commission, including the risk factors identified in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.
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