Assurant Inc (NYSE: AIZ) is a specialty insurance and protection services company that provides risk management products tied to consumer purchases, residential properties, and connected devices. It makes money by collecting premiums and fees on protection programs distributed through financial institutions, mobile carriers, retailers, and other partners, bearing the underwriting risk on covered claims. The company filed its 10-K for the fiscal year ended December 31, 2025 with the SEC on February 19, 2026. Assurant trades on the New York Stock Exchange, with a common stock price of $197.49 as of June 30, 2025. The business is structured around embedding insurance and warranty products into third-party distribution channels rather than selling directly to consumers, giving it a business-to-business-to-consumer model where partner relationships are the primary competitive asset.

Revenue model

Premiums and fees collected on specialty insurance and protection programs distributed through partner channels, with Assurant bearing underwriting risk on claims.

Products and services

Specialty insurance products, device protection programs, homeowners and renters insurance, warranty and extended service contracts, and related fee-based services.

Customers and end markets

Financial institutions, mobile carriers, retailers, and other intermediary partners who embed Assurant products into their consumer offerings. End consumers are the ultimate insured parties across connected devices, residential properties, and purchased goods.

Value-chain role

Underwriter and program administrator sitting between institutional distribution partners and end consumers, providing risk-bearing capacity and claims management.

Geographic exposure

United States primary market. International operations referenced in the 10-K filing for fiscal year ended December 31, 2025, though specific country or regional revenue breakdown is not supported by the provided excerpts.

Source: SEC 10-K, filed 2026-02-19

Industry: Insurance Carriers, NEC Peers: American International Group Inc Atlantic American Corp Hartford Insurance Group Inc Horace Mann Educators Corp