Filed Pursuant to Rule 433
Registration Statement No. 333-276645
Pricing Term Sheet
Assurant, Inc.
$300,000,000 5.550% SENIOR NOTES DUE 2036
| Issuer: | Assurant, Inc. | |
| Expected Ratings / Outlook*: | Baa2 (Stable) (Moody’s) / BBB (Stable) (S&P) | |
| Securities: | 5.550% Senior Notes due 2036 (the “Senior Notes”) | |
| Format: | SEC Registered | |
| Trade Date: | August 14, 2025 | |
| Settlement Date**: | August 18, 2025 (T+2) | |
| Maturity Date: | February 15, 2036 | |
| Aggregate Principal Amount: | $300,000,000 | |
| Price to Public: | 99.678% of the principal amount | |
| Underwriting Discount: | 0.650% | |
| Net Proceeds (before expenses) to Issuer: | $297,084,000 | |
| Benchmark Treasury: | 4.250% due August 15, 2035 | |
| Benchmark Treasury Price / Yield: | 99-21+ / 4.291% | |
| Spread to Benchmark Treasury: | +130 basis points | |
| Yield to Maturity: | 5.591% | |
| Coupon: | 5.550% | |
| Interest Payment Dates: | Semi-annually on February 15 and August 15 of each year, commencing on February 15, 2026 | |
| Make-Whole Call: | Prior to November 15, 2035 (the date that is three months prior to their maturity date) (the “Par Call Date”), the Company may redeem the Senior Notes at its option, in whole or in part, at any time and from time to time, at a redemption price (expressed as a percentage of principal amount and rounded to three decimal places) equal to the greater of: (1) (a) the sum of the present values of the remaining scheduled payments of principal and interest thereon discounted to the redemption date (assuming the Senior Notes matured on the Par Call Date) on a semi-annual basis (assuming a 360-day year consisting of twelve 30-day months) at the Treasury Rate plus 20 basis points less (b) interest accrued to, but excluding, the date of redemption, and (2) 100% of the principal amount of the Senior Notes to be redeemed, plus, in either case, accrued and unpaid interest thereon to, but excluding, the redemption date. | |
| Par Call: | On or after the Par Call Date, the Company may redeem the Senior Notes at its option, in whole or in part, at any time or from time to time, at a redemption price equal to 100% of the principal amount of the Senior Notes being redeemed plus accrued and unpaid interest thereon to, but excluding, the redemption date. | |
| Denominations: | $2,000 and integral multiples of $1,000 in excess thereof | |
| Day Count Convention: | 30/360 | |
| Payment Business Days: | New York | |
| CUSIP / ISIN Number: | 04621X AQ1 / US04621XAQ16 | |
| Joint Book-Running Managers: | Barclays Capital Inc. Goldman Sachs & Co. LLC J.P. Morgan Securities LLC KeyBanc Capital Markets Inc. U.S. Bancorp Investments, Inc. Wells Fargo Securities, LLC | |
| Co-Managers: | BBVA Securities Inc. Citigroup Global Markets Inc. Lloyds Securities Inc. Morgan Stanley & Co. LLC | |
| * | Note: A securities rating is not a recommendation to buy, sell or hold securities and may be subject to revision, suspension or withdrawal at any time. Each security rating should be evaluated independently of any other security rating. |
| ** | Note: It is expected that delivery of the Senior Notes will be made to investors on or about August 18, 2025, which will be the second business day following the date hereof (such settlement cycle being referred to as “T+2”). Under Rule 15c6-1 under the Securities Exchange Act of 1934, as amended, trades in the secondary market are required to settle in one business day unless the parties to any such trade expressly agree otherwise. Accordingly, purchasers who wish to trade the Senior Notes on any date prior to the business day before delivery of the Senior Notes will be required, by virtue of the fact that the Senior Notes initially will settle in T+2, to specify an alternative settlement arrangement at the time of any such trade to prevent a failed settlement. Purchasers of the Senior Notes who wish to trade the Senior Notes prior to the delivery of the Senior Notes should consult their advisors. |
The issuer has filed a registration statement, including a prospectus, and a preliminary prospectus supplement with the Securities and Exchange Commission (the “SEC”) for the offering to which this communication relates. Before you invest, you should read the prospectus in that registration statement, the preliminary prospectus supplement and other documents the issuer has filed with the SEC for more complete information about the issuer and this offering. You may get these documents for free by visiting EDGAR on the SEC website at www.sec.gov. Alternatively, the Joint Book-Running Managers will arrange to send you the prospectus if you request it by contacting Barclays Capital Inc. at +1 (888) 603-5847 or Goldman Sachs & Co. LLC at +1 (866) 471-2526.
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