Assurant (AIZ) Proxy Filing summary

Executive summary

• Achieved strong financial results in 2024, with net income of $760.2 million and adjusted EBITDA (excluding catastrophes) of $1.57 billion; total stockholder return was 28.55%.

• Returned $455.8 million to shareholders via repurchases and dividends; increased quarterly dividend by 11%.

• Strategic investments in technology, client partnerships, and innovation supported growth and operational efficiency.

• Board refreshment included the addition of Kevin Warren and retirements of Lawrence Jackson and Paget Alves.

Voting matters and shareholder proposals

• Election of 10 directors to serve until the 2026 annual meeting.

• Ratification of PricewaterhouseCoopers LLP as independent auditor for 2025.

• Advisory vote to approve 2024 executive compensation (say-on-pay).

• Amendments to the Certificate of Incorporation: enable stockholder right to call special meetings (25% threshold), limit officer liability as permitted by law, and implement miscellaneous updates.

• Shareholder proposal to allow 10% ownership threshold for calling special meetings; Board recommends against, supporting 25% threshold instead.

Board of directors and corporate governance

• Board is majority independent, with an independent Chair and all committees chaired by independent directors.

• Annual election of directors, majority vote and director resignation policy, and regular board/committee self-evaluations.

• Ongoing board refreshment, with four new independent directors added since 2020.

• No supermajority voting, proxy access rights, and no stockholder rights plan.

• Board diversity: 40% gender, 45% racial/ethnic representation among independent directors.