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ASSURANT, INC.

(AIZ)
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Assurant Board of Directors Approves Common Stock Dividend Increase of 3%

11/10/2021 | 02:49pm EST
Raises Quarterly Dividend by $0.02 to $0.68 per Common Share

NEW YORK, November 10, 2021 - Assurant, Inc. (NYSE: AIZ), a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases, announced today that its Board of Directors approved a quarterly dividend increase of $0.02 to $0.68 per share of common stock. The dividend will be payable on December 20, 2021 to stockholders of record as of the close of business on November 29, 2021.

"Our disciplined capital management, driven by robust cash generation in our market-leading lifestyle and housing businesses, has always been a key differentiator for Assurant," said Alan Colberg, CEO, Assurant. "That has allowed us flexibility to invest in our growth businesses and return capital to shareholders, including the recent completion of our three-year $1.35 billion capital return objective. Looking ahead, we are increasing the dividend 3 percent, marking the 17th consecutive dividend raise since our initial public offering and reaffirming the strength and ongoing visibility of Assurant's future cash flow generation."

Future dividend declarations will be made at the discretion of the Assurant Board of Directors 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 leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases. Anticipating the evolving needs of consumers, Assurant partners with the world's leading brands to develop innovative products and services and to deliver an enhanced customer experience. A Fortune 500 company with a presence in 21 countries, Assurant offers mobile device solutions; extended service contracts; vehicle protection services; renters insurance; lender-placed insurance products; and other specialty products. The Assurant Foundation strengthens communities by supporting charitable partners that help protect where people live and can thrive, connect with local resources, inspire inclusion and prepare leaders of the future.

Learn more at assurant.com or on Twitter @AssurantNews.

###


Media Contact:
Linda Recupero
Senior Vice President, Enterprise Communication
201.519.9773
linda.recupero@assurant.com

Investor Relations Contacts:
Suzanne Shepherd
Senior Vice President, Investor Relations and Sustainability
201.788.4324
suzanne.shepherd@assurant.com


Sean Moshier
Assistant Vice President, Investor Relations
914.204.2253
sean.moshier@assurant.com

Disclaimer

Assurant Inc. published this content on 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 19:48:05 UTC.


ę Publicnow 2021
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Financials (USD)
Sales 2021 10 189 M - -
Net income 2021 1 125 M - -
Net Debt 2021 2 202 M - -
P/E ratio 2021 9,77x
Yield 2021 1,79%
Capitalization 8 496 M 8 496 M -
EV / Sales 2021 1,05x
EV / Sales 2022 0,99x
Nbr of Employees 13 850
Free-Float 95,3%
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Mean consensus BUY
Number of Analysts 7
Last Close Price 149,11 $
Average target price 194,17 $
Spread / Average Target 30,2%
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Managers and Directors
Keith Warner Demmings President & Chief Executive Officer
Richard Steven Dziadzio Chief Financial Officer, Treasurer & EVP
Elaine D. Rosen Non-Executive Chairman
Joseph A. Surber Chief Technology Officer & Senior Vice President
Keith Roland Meier Chief Operating Officer & Executive Vice President
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