Assurant, Inc 8-K, filed Oct 14, 2020
Assurant, Inc. (AIZ)
8-K
2020-10-14
For: 2020-10-14
View Original
Added on
April 06, 2026
About this 8-K
Assurant, Inc filed this 8-K on October 14, 2020.
Items reported
- Item 7.01: Regulation FD disclosure
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): October 14, 2020
(Exact Name of Registrant as Specified in its Charter)
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) | ||||||||||||
(212 ) 859-7000
(Address, including zip code, and telephone number, including area code, of Registrant’s Principal Executive Offices)
N/A
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | |||||
| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | |||||
| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | |||||
| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) | |||||
Securities registered pursuant to Section 12(b) of the Act:
| Title of Each Class | Trading Symbol(s) | Name of Each Exchange on Which Registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. Regulation FD Disclosure.
Assurant, Inc. (“Assurant” or the “Company”) announced today that it expects to record approximately $110 million pre-tax, or $87 million after-tax, of reportable catastrophes in the Global Housing segment for third quarter 2020. Nearly half of the losses were related to Hurricane Laura, with the balance primarily related to claims from Hurricanes Sally and Isaias and the wildfires in California and Oregon.
The Company’s reportable catastrophes include individual catastrophic events that generate losses in excess of $5 million, pre-tax, net of reinsurance and client profit sharing adjustments and including reinstatement and other premiums. Since no single event reached the Company’s $80 million pre-tax per-event retention, reinsurance will not be applied to these catastrophe losses.
Losses from all events were primarily related to lender-placed and manufactured housing products. Hurricanes Laura and Sally predominantly impacted the Gulf Coast region, while the impact from Hurricane Isaias was spread across the mid-Atlantic and Northeastern regions of the U.S.
On November 2, 2020, the Company will report complete third quarter 2020 results.
The information being furnished pursuant to this Item 7.01 shall not be deemed to be “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act.
Cautionary Statement
Some of the statements included in this Form 8-K, particularly expected reportable catastrophes, may constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained in this Form 8-K are based upon the Company’s historical performance and on current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by the Company or any other person that the Company’s future plans, estimates or expectations will be achieved. Actual results may differ materially from those projected in the forward-looking statements. The Company undertakes no obligation to update or review any forward-looking statements included in this Form 8-K, whether as a result of new information, future events or other developments. For a detailed discussion of risk factors that could affect the Company’s results, please refer to the risk factors identified in the Company’s annual and periodic reports filed with the U.S. Securities and Exchange Commission (the “SEC”), including the risk factors identified in the Company’s most recent Annual Report on Form 10-K and Quarterly Report on Form 10-Q, each as filed with the SEC.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| ASSURANT, INC. | |||||||||||||||||
| Date: October 14, 2020 | By: | /s/ Mariana Wisk | |||||||||||||||
| Name: Mariana Wisk | |||||||||||||||||
| Title: Vice President and Corporate Secretary | |||||||||||||||||
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