Assurant, Inc.

Company facts

Industry

Insurance Carriers, NEC

Headquarters

Atlanta, Georgia

Most recent report

10-Q, filed Nov 5, 2026

Incorporated

Delaware

Filings on record

1,000+ filings

On EDGAR

CIK 1267238

Fiscal year ends

December

Filer status

Large accelerated filer

What to read: Sep 2026 10-Q

SECSift found 12 of 38 sections worth reading, with 6 positive, 30 notable, and 2 negative flags.

• Notes to Consolidated Financial Statements (unaudited)

  Contains a subsidiary sale with a loss and restricted cash details.
  Notable

  • Restricted cash increased to $128.8 million at September 30, 2026, from $102.0 million at December 31, 2025.
  • Sold a subsidiary with long-term care business in March 2026; total loss of $11.2 million, mostly recorded in Q4 2025.

• Notes to Consolidated Financial Statements (unaudited)

  Segment Adjusted EBITDA and asset tables show strong growth; service contract revenue details are material.
  Positive

  • Global Lifestyle service contract revenue grew 22% to $512.6M in Q3 2026 from $419.6M in Q3 2025.
  Notable

  • Miami property sale for $126M is pending approvals; no assurance of closing.

• Notes to Consolidated Financial Statements (unaudited)

  Contains contract balances, deferred costs, and investment tables with period-specific figures.
  Notable

  • Receivables rose $14.1M to $201.7M as of September 30, 2026, from $187.6M at December 31, 2025.
  • Revenue from prior unearned balances was $56.8M for nine months ended September 30, 2026, up from $52.4M a year earlier.
  • Deferred contract costs decreased $7.3M to $60.3M as of September 30, 2026, from $67.6M at December 31, 2025.

• Notes to Consolidated Financial Statements (unaudited)

  Large unrealized loss position on fixed-maturity securities; concentration risk in commercial mortgages.
  Notable

  • 52% of unrealized losses were in a loss position for less than 12 months at Sep 30, 2026, up from 8% at Dec 31, 2025.
  Negative

  • Number of securities in an unrealized loss position nearly doubled to 3,561 at Sep 30, 2026 from 1,827 at Dec 31, 2025.
  • 31% of commercial mortgage loan principal is concentrated in Texas, California, and Maryland as of Sep 30, 2026.

• Notes to Consolidated Financial Statements (unaudited)

  The notes behind the statements live here.
  Notable

  • Level 3 assets grew from purchases and transfers from Level 2, but are only $231M of $10.5B total.

• Notes to Consolidated Financial Statements (unaudited)

  Reserve development details by segment with specific dollar amounts and drivers.
  Positive

  • Net favorable loss development of $97.4M for nine months ended Sep 30, 2026, though down from $126.2M in prior year.
  Notable

  • Global Lifestyle contributed $42.1M favorable development, up from $40.6M, across most regions and recent accident years.
  • Connected Living had $19.3M favorable development, with $8.6M from mobile as new client's actual loss replaced pricing assumptions.
  • Global Automotive added $22.8M favorable development, mainly from severity assumption favorability in an asset protection product.
  • Global Housing favorable development fell to $49.5M from $86.6M, driven by $60.7M non-catastrophe and $11.2M catastrophe losses.

• Notes to Consolidated Financial Statements (unaudited)

  Contains EPS calculation with two-class method and AOCI reclassification details.
  Notable

  • RSUs have non-forfeitable rights to dividend equivalents, included in basic and diluted EPS under two-class method.

• Notes to Consolidated Financial Statements (unaudited)

  EPS table shows diluted EPS up 6% and 34% for Q3 and 9M 2026 vs prior year, with share count falling.
  Notable

  • No anti-dilutive shares in 2026 periods, vs 42,539 and 46,455 PSUs excluded in 2025.
  • Pension plans frozen since 2016; retirement health benefits terminated Dec 31, 2024, reducing future obligations.

• Notes to Consolidated Financial Statements (unaudited)

  Pension funded status and litigation accrual are company-specific with numbers.
  Notable

  • Pension funded status rose to 122% ($98.4M) at September 30, 2026 from 119% ($96.1M) at December 31, 2025.
  • No cash contributed to pension in nine months ended September 30, 2026; none expected for rest of 2026.
  • Letters of credit outstanding were $1.4M at September 30, 2026, down from $1.7M at December 31, 2025.
  • Company has an accrued liability for legal proceedings but says no pending matter is likely to materially affect financial condition.

• Notes to Consolidated Financial Statements (unaudited)

  New 2025 restructuring plan with $28.7M cost; 2022 plan completed with remaining payments into 2027.
  Notable

  • 2022 Plan completed in 2025; remaining payments scheduled into 2027, with $20.6M accrued liability at Sep 30, 2026.
  • New restructuring plan in December 2025 with $28.7M cost incurred in Q4 2025; no further costs expected.
  • No restructuring costs incurred in 2026; $1.4M net reduction in 2025 from contract exit cost adjustments.

• Item 2

  Full MD&A with segment results, cash flows, debt, and catastrophe reinsurance details.
  Positive

  • Net income up 31% to $847.9M for Nine Months 2026, helped by $104.6M lower after-tax catastrophes.
  • Global Lifestyle Adjusted EBITDA up 18% to $718.0M for Nine Months 2026, led by Connected Living growth.
  • Global Housing Adjusted EBITDA up 34% to $779.8M for Nine Months 2026, driven by $133.1M lower pre-tax catastrophes.
  • Holding company liquidity $954.3M, $729.3M above $225.0M minimum, as of September 30, 2026.
  Notable

  • Corporate and Other Adjusted EBITDA loss widened to $(112.7)M for Nine Months 2026 from $(89.4)M, on home warranty investments.
  • Net unrealized losses on fixed maturity securities grew $449.7M to $505.4M loss at Sept 30, 2026, due to higher Treasury rates.
  • 2026 catastrophe reinsurance premiums estimated at $183.4M, down from $210.0M in 2025, on improved market conditions.
  • Miami property sale for $126.0M expected to record gain above $46.0M carrying value, but not assured.
  • Share repurchases of $275.1M in Nine Months 2026; $499.5M unused under $700.0M November 2025 authorization.

• Other Information (Item 5)

  Three senior executives adopted 10b5-1 plans to sell shares, including the CEO.
  Notable

  • President Lumsden adopted a plan to sell up to 3,901 shares, ending March 2027.
  • President Nair adopted a plan to sell up to 9,818 shares, ending April 2027.
  • CEO Demmings adopted a plan to sell up to 40,000 shares, ending Sept 2027.

What changed: Sep 2026 vs. Jun 2026

About 4% of AIZ's Sep 2026 10-Q is new information. 12 paragraphs were added, 119 changed, and 29 removed. Below are the most important lines SECSift identified.

• Item 2 47
• Notes to Consolidated Financial Statements (unaudited) 28
• Item 6 7
• Item 5 3
• Item 4 2