A Brief History of Assurant, Inc. (AIZ)

Assurant, Inc. (AIZ) is a global provider of risk management solutions, primarily in the areas of housing and lifestyle. Its roots date back to the 19th century, although the company as it is known today was officially founded in 2004. Below are some of the significant milestones in the history of Assurant, Inc.

• 1892: The founding of La Crosse Mutual Aid Association in La Crosse, Wisconsin, which would later become part of Assurant's lineage.
• 1969: Time Inc. acquires the United Family insurance companies, which focus on providing credit insurance.
• 1978: Time Inc. acquires the La Crosse Mutual Aid Association, further expanding its insurance services.
• 1983: Establishment of Fortis, Inc., in New York as a holding company for the U.S. and European insurance operations from Time Inc. and Credit Lyonnais.
• 2001: Fortis, Inc. rebrands as Assurant to focus on specialty insurance products in the United States.
• 2004: Assurant, Inc. goes public on February 5, 2004, and starts trading on the New York Stock Exchange under the ticker symbol AIZ.
• 2011: Launch of Assurant Specialty Property, which focuses on innovative housing and lifestyle solutions.
• 2018: Assurant acquires The Warranty Group, one of the largest warranty providers globally, significantly enhancing its footprint and product offerings.
• 2020: Assurant introduces its multi-year strategy focused on growth and innovation in the housing, lifestyle, and adjacent markets.
• 2021: The company continues its expansion and innovation by leveraging technology to improve service delivery and customer experience.

Who Owns Assurant, Inc. (AIZ)

Assurant, Inc. (AIZ) is a publicly traded company listed on the New York Stock Exchange (NYSE) under the ticker symbol AIZ. As a public company, Assurant’s ownership is distributed among various shareholders, including institutional investors, mutual funds, and individual investors.

The ownership structure of Assurant, Inc. can be broken down as follows:

• Institutional Investors: These entities include large financial organizations such as mutual funds, pension funds, and insurance companies. Institutional investors typically hold a significant portion of Assurant's shares due to their substantial capital reserves and investment strategies.
• Mutual Funds: Various mutual funds invest in Assurant, Inc., pooling capital from multiple investors to buy large blocks of shares. These funds are managed by professional portfolio managers who make investment decisions on behalf of the fund's investors.
• Individual Shareholders: Individual investors also own shares of Assurant. These can range from small retail investors to high-net-worth individuals who purchase shares through brokerage accounts.
• Employee and Executive Ownership: Assurant's executives and employees may also own shares in the company, often through stock option plans or direct share purchases. This can align their interests with the company's performance.

Given the diverse range of shareholders, no single entity or group typically holds a controlling stake in Assurant, Inc. This distribution helps ensure a broad base of ownership and diversified interests.

Assurant, Inc. (AIZ) Mission Statement

Assurant, Inc. (AIZ) is dedicated to providing unparalleled protection, security, and services to its customers. Our mission is to help our customers protect what matters most to them. By focusing on delivering superior value and innovative solutions, we strive to meet and exceed the expectations of those we serve.

Core Elements of Assurant's Mission:

• Customer-Centric Approach: We place our customers at the heart of everything we do, ensuring their needs and wellbeing are our top priority.
• Innovation: We continuously pursue innovative solutions to offer the best protection and services, adapting to the ever-changing landscape of risks and needs.
• Integrity: Operating with the highest level of integrity, we are committed to building trust and maintaining transparent relationships with our stakeholders.
• Excellence: We strive for excellence in every aspect of our business, from our products and services to our customer support and operational processes.
• Community Impact: We aim to make a positive impact in the communities we serve, recognizing our corporate responsibility and fostering a culture of giving back.

In alignment with this mission, Assurant works tirelessly to protect the things that matter most to our customers, ensuring peace of mind and security in today's complex world.

How Assurant, Inc. (AIZ) Works

Assurant, Inc. (AIZ) is a global provider of risk management solutions, primarily focused on housing and lifestyle markets. The company operates through various segments, offering a wide range of products and services to protect and support consumer purchases. Here's a closer look at how Assurant, Inc. works:

• Global Housing: This segment provides lender-placed homeowners insurance, manufactured housing insurance, and other property-related insurance products. It also offers renters insurance and related products.
• Global Lifestyle: The Global Lifestyle segment focuses on mobile device protection, extended service contracts, vehicle protection, and preneed insurance. This includes services like repair and replacement, and coverage for electronics and home appliances.

Assurant operates on a business-to-business (B2B) model, partnering with major companies in various industries such as financial services, real estate, automotive, and retail. This partnership approach allows Assurant to integrate its insurance products into the core offerings of its partners, providing added value to the end customers.

• Technology Integration: Assurant leverages advanced technology and data analytics to enhance its underwriting, claims processing, and customer service. This technological edge helps in delivering faster and more accurate services.
• Global Reach: With a presence in over 20 countries, Assurant serves a diverse and extensive customer base across different geographies, tailoring its products and services to meet local needs and regulations.

Assurant places significant emphasis on customer satisfaction and experience, utilizing feedback and data to continually refine its products and services. This customer-centric approach ensures that their solutions are responsive to the evolving needs and expectations of consumers.

Additionally, Assurant is committed to corporate responsibility, focusing on sustainability, community engagement, and ethical business practices to build trust and loyalty among customers and partners.

How Assurant, Inc. (AIZ) Makes Money

Assurant, Inc. (AIZ) is a global provider of risk management solutions, primarily serving the housing and lifestyle markets. The company generates revenue through a variety of channels by offering a wide range of insurance products and related services. The main ways Assurant, Inc. makes money include:

• Specialty Property Insurance: Assurant provides specialty property insurance, including manufactured housing insurance, renters insurance, and flood insurance. These products are tailored to meet specific needs, such as protection for mobile homes or rental properties.
• Mortgage Solutions: The company offers lenders and mortgage servicers a suite of services that include lender-placed insurance, insurance tracking, and other risk management solutions that help mitigate potential losses.
• Global Lifestyle: Assurant generates substantial revenue from its Global Lifestyle segment, which includes mobile device protection, extended service contracts, and vehicle protection services. These offerings are often sold through partnerships with mobile carriers, retailers, and auto dealers.
• Extended Service Contracts: Assurant provides extended service contracts for consumer electronics, appliances, and other household items. These contracts offer consumers peace of mind by covering repairs or replacements beyond the standard manufacturer warranty period.
• Pre-Need Insurance: Pre-need insurance policies help cover the future costs of funeral and burial expenses, providing financial relief to policyholders' families. Assurant partners with funeral homes to offer these products.
• Fee-Based Services: In addition to traditional insurance products, Assurant generates income from a range of fee-based services, such as loan tracking, claims management, and other administrative services offered to corporate clients.

By diversifying its revenue streams through a mix of insurance products and value-added services, Assurant, Inc. effectively mitigates risk and enhances its profitability in various markets worldwide.