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%.

• Strategic investments in people, technology, and partnerships drove growth, including major contract renewals and new client programs.

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

• Opened an Innovation and Device Care Center to advance automation, robotics, and AI in device lifecycle solutions.

Voting matters and shareholder proposals

• Election of ten directors to serve until the 2026 Annual Meeting.

• Ratification of PricewaterhouseCoopers LLP as independent auditor for fiscal 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 special meetings at a 10% threshold, which the Board recommends voting against in favor of the 25% threshold.

Board of directors and corporate governance

• Board consists of 11 members, with ongoing refreshment and recent addition of Kevin Warren; two directors retired in 2025.

• All committees are independent; annual elections and majority vote policy for directors.

• Board skills include governance, finance, industry, global, risk, leadership, consumer focus, and technology.

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

• Regular board and committee self-evaluations and executive sessions.