Assurant, Inc DEF 14A, filed Mar 23, 2023

Assurant, Inc. (AIZ)

DEF 14A 2023-03-23

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Added on June 12, 2026

About this DEF 14A

Assurant, Inc filed this DEF 14A on March 23, 2023.

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			Preliminary Proxy Statement

			Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2))

			Definitive Proxy Statement

			Definitive Additional Materials

			Soliciting Material under § 240.14a-12



									May 11, 2023, 8:00 a.m. Eastern Time

									Virtual Meeting Website: www.virtualshareholdermeeting.com/AIZ2023

									•To elect thirteen directors named in the accompanying proxy statement to our Board of Directors to serve until the 2024 Annual Meeting of Stockholders; •To ratify the appointment of PricewaterhouseCoopers LLP as Assurant’s Independent Registered Public Accounting Firm for the year ending December 31, 2023; •To cast an advisory say-on-pay vote approving the compensation of the Company’s named executive officers for 2022; •To cast an advisory vote approving an annual frequency of say-on pay votes; and •To transact such other business as may properly come before the Annual Meeting or any adjournments or postponements thereof.

									Holders of record of the Company’s common stock at the close of business on March 13, 2023 are entitled to receive this notice and to vote at the Annual Meeting or any adjournments or postponements of the Annual Meeting.

									Whether or not you plan to attend the Annual Meeting, we hope that you will read this proxy statement and submit your vote via the Internet, by telephone, or by requesting a printed copy of the proxy materials and completing, signing and returning the proxy card as instructed. VOTE BY INTERNET – www.proxyvote.com Use the Internet to transmit your voting instructions and for electronic delivery of information. Vote by 11:59 p.m. Eastern Time on May 10, 2023 for shares held directly and by 11:59 p.m. Eastern Time on May 8, 2023 for shares held in a plan. Have your proxy card in hand when you access the website and follow the instructions to obtain your records and to create an electronic voting instruction form. VOTE BY MAIL Mark, sign and date your proxy card and return it in the postage-paid envelope provided or return it to Vote Processing, c/o Broadridge, 51 Mercedes Way, Edgewood, New York 11717. VOTE BY PHONE – 1-800-690-6903 Use any touch-tone telephone to transmit your voting instructions. Vote by 11:59 p.m. Eastern Time on May 10, 2023 for shares held directly and by 11:59 p.m. Eastern Time on May 8, 2023 for shares held in a plan. Have your proxy card in hand when you call and then follow the instructions.



			Financial Highlights1
						2022 net earned premiums, fees and other income from the Global Housing and Global Lifestyle segments of $9.95 billion
						2022 net income from continuing operations of $276.6 million, Adjusted EBITDA, excluding reportable catastrophes, of $1.13 billion, and net operating income (“NOI”), excluding reportable catastrophes, of $690.3 million
						2022 net income from continuing operations per diluted share of $5.05, Adjusted earnings, excluding reportable catastrophes, per diluted share of $13.61 and NOI per diluted share (“NOI EPS”), excluding reportable catastrophes, of $12.60
						2019-2021 cumulative net income from continuing operations per diluted share of $23.03 and NOI EPS, excluding reportable catastrophes, of $31.27
						Total stockholder return was (18.34)% in 2022 and 85.07% from 2019-20212



			Strong Balance Sheet and Disciplined Capital Management
			In 2022, Assurant:
						Returned approximately $717.8 million to stockholders through share repurchases and common stock dividends
						Repurchased shares at a cost of approximately $567.6 million
						Increased the quarterly common stock dividend in November by 3% to $0.70 per share
						Redeemed $75.0 million of debt
						Ended the year with $446.1 million of holding company liquidity and $221.1 million of deployable capital
						Maintained investment grade debt ratings and, as of December 31, 2022, an overall leverage ratio of 33.5%



			Commitment to Sustainability
						Ongoing Board / committee oversight of environmental, social, and governance (“ESG”) strategy, initiatives and policies
						Assurant’s ESG Oversight & Action Committee, comprised of select Management Committee members and senior management across key functional areas, provides oversight of the Company’s business-aligned ESG strategy
						Demonstrated commitment to ongoing transparency, including the Company’s annual sustainability report, incorporating third party independent verification of GHG emissions information, as well as voluntary disclosure of the Company’s CDP Climate Change submission and EEO-1 Consolidated Report
						Regular stockholder engagement includes discussion regarding sustainability strategy and initiatives


						No fee required.
						Fee paid previously with preliminary materials.
						Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.




i			Notice of 2023 Annual Meeting of Stockholders and Proxy Statement



Elaine D. Rosen Non-Executive Chair of the Board Assurant, Inc.			Keith W. Demmings President, Chief Executive Officer and Director Assurant, Inc.




viii			Notice of 2023 Annual Meeting of Stockholders and Proxy Statement


PROPOSALS REQUIRING YOUR VOTE		12
PROPOSAL ONE	PROPOSAL ONE	12
	ELECTION OF DIRECTORS	12
PROPOSAL TWO	PROPOSAL TWO	22
	RATIFICATION OF APPOINTMENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM	22
	PROPOSAL THREE	23
	ADVISORY VOTE ON EXECUTIVE COMPENSATION FOR 2022	23
	PROPOSAL FOUR	24
	ADVISORY VOTE ON FREQUENCY OF ADVISORY VOTES ON EXECUTIVE COMPENSATION	24
EXECUTIVE OFFICERS		25
CORPORATE GOVERNANCE		27
	Overview	27
	Corporate Governance Guidelines and Code of Ethics	28
	Board and Committee Leadership, Composition and Refreshment	28
	Director Recruitment, Nomination and Qualifications	30
	Director Independence	31
	Board and Committee Evaluations	31
	Director Orientation and Continuing Education	32
	Management Succession Planning	32
	Board Role in Risk Oversight	32
	Board and Committee Meetings and Executive Sessions	32
	Nominating and Corporate Governance Committee	33
	Audit Committee	33
	Compensation Committee	34
	Compensation Committee Interlocks and Insider Participation	35
	Finance and Risk Committee	35
	Information Technology Committee	35
	Communicating with the Independent Chair, the Board of Directors and The Audit Committee	36
	Sustainability	36
	Political Activities Policy Statement	39
COMPENSATION DISCUSSION AND ANALYSIS		40
	Executive Summary	40
	What Guides Our Program	43
	2022 Executive Compensation Program	46
	Our Executive Compensation Practices, Policies & Guidelines	52
	Other Elements of Compensation	54
COMPENSATION COMMITTEE REPORT		55


EXECUTIVE COMPENSATION		56
	Summary Compensation Table	56
	Grants of Plan-Based Awards	58
	Outstanding Equity Awards at Fiscal Year End	59
	Stock Vested in Fiscal Year 2022	61
	Pension Benefits	62
	Nonqualified Deferred Compensation Plans	64
	Narrative to The Nonqualified Defined Contribution and Other Nonqualified Deferred Compensation Plans Table	65
	Potential Payments Upon Termination or Change in Control	66
	Narrative to The Potential Payments Upon Termination or Change in Control	68
	CEO Pay Ratio	70
	Pay Versus Performance	71
DIRECTOR COMPENSATION		75
	Director Compensation Table for Fiscal Year 2022	75
	Narrative to the Director Compensation Table	75
EQUITY COMPENSATION PLAN INFORMATION		77
TRANSACTIONS WITH RELATED PERSONS		78
	Transactions with Related Persons	78
	Review, Approval and Monitoring of Transactions with Related Persons	78
SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS		80
SECURITY OWNERSHIP OF DIRECTORS AND EXECUTIVE OFFICERS		81
AUDIT COMMITTEE MATTERS		82
	Audit Committee Report	82
	Fees of Principal Accountants	83
INCORPORATION BY REFERENCE		85
ANNUAL REPORT AND FORM 10-K		86
ADDITIONAL ANNUAL MEETING INFORMATION		87
STOCKHOLDER PROPOSALS		90
APPENDIX A: Reconciliation of Non-GAAP Financial Measures		A-1



						Corporate Governance & Sustainability. Experience with corporate governance, including with public company boards, or with sustainability initiatives, including diversity, equity and inclusion, supports our goals of strong Board and management accountability, transparency, and long-term stockholder value through a sustainable model.
						Finance, Capital and Investments. Knowledge and experience in finance, accounting and financial reporting, as well as financial markets, capital management and investments, helps our directors oversee our financial position, financial reporting and internal controls, as well as financing activities, capital structure and investment strategy.
						Industry Experience. Directors with relevant industry experience, including insurance, business services and the industries supporting the connected world, such as mobile, auto, and supply chain, offer a valuable perspective when reviewing our strategy and businesses.
						Global. A global perspective, whether through a director’s background or experience in global business and operations, including exposure to cultures, consumer preferences and economic, political and regulatory conditions globally, helps directors oversee the Company’s global strategy and businesses.
						Risk Management. Experience with risk management and compliance develops a director’s ability to appreciate, anticipate and effectively oversee risks, which is critical to the Board’s role in overseeing the risks facing the Company.
						Leadership. Serving in an executive leadership position equips directors with deep understanding of organizational behavior, talent management, culture and other aspects of complex organizations, including strategic planning and operations, which are critical to support our strategy and businesses.
						Consumer Focus. Directors with consumer expertise, including experience developing, leading or supporting consumer strategies, offer valuable insights as the Company leverages consumer insights to introduce new and innovative products and services to meet the evolving needs of consumers.
						Technology. Understanding of information technology and cybersecurity matters, as well as digital expertise, is increasingly important to the Company’s digital-first strategy and focus on customer experience, and to Board oversight of cybersecurity.


	Elaine D. Rosen •Non-Executive Chair of the Board: Since November 2010 •Director: Since February 2009 •Age: 70 •Board Committees: Nominating and Corporate Governance (Chair) •Other Public Company Boards: Kforce Inc. (since 2003)	Skills & Experience •Corporate Governance & Sustainability •Finance, Capital and Investments •Industry Experience •Global •Risk Management •Leadership
Ms. Rosen served as Executive Vice President of UNUM/Provident Corporation from 1999 to 2001 and as President of UNUM Life Insurance Company of America from 1997 to 1999 after serving in various positions at the company since 1975. Ms. Rosen currently serves as Lead Independent Director of the Board of Directors of Kforce Inc., where she is a member of its Compensation Committee and chairs its Corporate Governance Committee. She serves on the Board of Directors of Preble Street, a collaborative for the homeless and low income community in Portland, Maine. She also serves as a founding trustee and a member of the Executive Committee of the Foundation for Maine’s Community Colleges. From January 2007 to March 2022, Ms. Rosen served as the Board Chair of The Kresge Foundation, and in June 2022, she retired from its Board of Trustees after 18 years of service. Ms. Rosen’s extensive experience as a senior executive in the insurance industry and as a public company director including in leadership roles, provides significant industry, corporate governance and leadership expertise to our Board.


	Paget L. Alves •Director: Since November 2019 •Age: 68 •Board Committees: Finance and Risk, Information Technology •Other Public Company Boards: Yum! Brands, Inc. (since 2016); Synchrony Financial (since 2015); and International Game Technology PLC (2010-2020)	. Skills & Experience •Corporate Governance & Sustainability •Finance, Capital and Investments •Industry Experience •Global •Risk Management •Leadership •Consumer Focus •Technology
Mr. Alves served as Chief Sales Officer of Sprint Corporation from January 2012 to September 2013, after serving as President of the company’s Business Markets Group from 2009 to 2012. Prior to that role, Mr. Alves held various senior executive positions at Sprint Corporation, including President, Sales and Distribution, Senior Vice President, Enterprise Markets and President, Strategic Markets. From 2002 to 2003, he served as President and Chief Operating Officer of Centennial Communications Corp., and from 2000 to 2001, he served as President and Chief Executive Officer of PointOne Telecommunications Inc. Mr. Alves currently chairs the Audit Committee of Yum! Brands, Inc., serves on the Audit and Nominating and Corporate Governance Committees of Synchrony Financial, and is Chairman of the board of directors of Sorenson Communications, a communication device company for the deaf community. Mr. Alves previously served on the board of directors of International Game Technology PLC and was a member of its Audit and Compensation Committees. Mr. Alves brings to the Board deep knowledge of the mobile industry and consumer focus through his former executive leadership roles with large wireless service providers, as well as significant corporate governance expertise through his extensive public company board service.


	Rajiv Basu •Director: Since March 2023 •Age: 64 •Board Committees: Audit •Other Public Company Boards: None	. Skills & Experience •Corporate Governance & Sustainability •Finance, Capital and Investments •Industry Experience •Global •Risk Management •Leadership
Mr. Basu held various global audit and advisory leadership roles at Deloitte & Touche LLP in the firm’s financial services practice, specializing in insurance, from 1987 until his retirement as chief audit quality leader for Southeast Asia in May 2021, having previously served as audit and advisory partner from 2004 to 2020. While with Deloitte, Mr. Basu worked in New York, London, Singapore and Mumbai, and led the firm’s diversity initiative in the northeast from 2005 to 2014. Mr. Basu is a Fellow member of the Institute of Chartered Accountants in England & Wales and a New York Certified Public Accountant. Mr. Basu was a founding member of Ascend, a Pan-Asian leadership organization, and previously served as an officer and on its board. A senior finance professional with global experience in financial services and insurance, financial reporting and M&A transactions, Mr. Basu brings to the Board deep financial expertise and a global perspective, as well as significant leadership skills including with diversity, equity and inclusion initiatives.


Welcome Letter


Welcome Letter


Table of Contents


	J. Braxton Carter •Director: Since July 2020 •Age: 64 •Board Committees: Audit, Finance and Risk •Other Public Company Boards: DigitalBridge Group, Inc. (f/k/a Colony Capital, Inc.) (since 2021)	Skills & Experience •Corporate Governance & Sustainability •Finance, Capital and Investments •Industry Experience •Global •Risk Management •Leadership •Consumer Focus •Technology
Until his retirement in July 2020, Mr. Carter served as Executive Vice President and Chief Financial Officer of T-Mobile US, Inc. (TMUS), where he led the financial organization for nearly a decade. During that time, he also served on the TMUS Information Technology (IT) Steering Committee. He was previously Chief Financial Officer and Vice Chairman for MetroPCS Communications, Inc., until its acquisition by T-Mobile in 2013, where he also oversaw all finance, logistics and IT operations. Prior to that, Mr. Carter held senior finance leadership roles at PrimeCo Personal Communications, L.P. (now Verizon Wireless Inc.) and Neostar Retail Group, Inc. (now GameStop Corporation). Mr. Carter is a Certified Public Accountant and serves as a Senior Adviser for Deutsche Telekom Capital Partners and on the Board of Advisors for Tap Advisors. Mr. Carter brings to the Board extensive mobile industry expertise, combined with deep financial, capital and leadership expertise, through his former chief financial officer and other executive leadership roles with leading wireless service providers.


	Juan N. Cento •Director: Since May 2006 •Age: 71 •Board Committees: Compensation, Nominating and Corporate Governance •Other Public Company Boards: None	Skills & Experience •Corporate Governance & Sustainability •Industry Experience •Global •Leadership •Consumer Focus
Mr. Cento served as Regional President of the Latin America and Caribbean Division of FedEx Express, headquartered in Miami, Florida, until his retirement in 2021. He has more than 40 years of experience in the air cargo and express transportation industry. He previously worked with Flying Tigers Line, Inc. and transitioned to FedEx in 1989 when the two companies were combined. Mr. Cento is currently a member of the International Advisory Board for the Baptist Health System in Florida. Mr. Cento previously served as a Board member of the Conference of Latin American and Caribbean Express Companies (CLADEC), where he served as chairman from 2020 to 2022, and as a Board member of the Council of the Americas, and as a member of the University of Miami Business School Latin America and Caribbean Advisory Board. Mr. Cento brings to the Board deep global, logistics and leadership experience through his decades of executive leadership at a large global transportation company.


	Keith W. Demmings •Director: Since January 2022 •Age: 50 •Board Committees: None •Other Public Company Boards: None	Skills & Experience •Corporate Governance & Sustainability •Finance, Capital and Investments •Industry Experience •Global •Risk Management •Leadership •Consumer Focus
Mr. Demmings is President and Chief Executive Officer of Assurant, Inc. He was named the Company’s President in May 2021, and became Chief Executive Officer and director in January 2022. Before assuming his current position, Mr. Demmings served as Executive Vice President and President, Global Lifestyle from July 2016 to May 2021. Mr. Demmings also served as Executive Vice President and President, Global Markets from September 2015 to July 2016 and Executive Vice President and President, International from June 2013 to September 2015. Since joining Assurant in 1997, Mr. Demmings has held a number of executive leadership positions, including serving as President and Chief Executive Officer of Assurant Canada. Mr. Demmings’s deep knowledge of the Company and the industries in which it operates, through various global executive positions with the Company, brings to the Board global, leadership, industry and consumer focus expertise.


	Harriet Edelman •Director: Since August 2017 •Age: 67 •Board Committees: Audit, Compensation, Information Technology (Chair) •Other Public Company Boards: Bed Bath & Beyond Inc. (since 2019), Brinker International, Inc. (since 2008)	Skills & Experience •Corporate Governance & Sustainability •Finance, Capital and Investments •Industry Experience •Global •Leadership •Consumer Focus •Technology
Ms. Edelman serves as Vice Chairman of Emigrant Bank, the largest privately held, family owned and operated community bank in the U.S. She previously served as Special Advisor to the chairman of the bank. From 2010 to 2021, she led the bank’s finance, information technology and credit administration operations. She joined the bank in 2008, after spending 29 years at Avon Products, Inc., rising to the roles of Chief Information Officer, Senior Vice President of global supply chain and business transformation and member of the company’s executive committee. Ms. Edelman currently chairs the Board of Directors of Bed Bath & Beyond Inc. She also chairs the Compensation Committee of Brinker International and is a member of its Audit Committee. Over the past 20 years, Ms. Edelman’s public company board experience has included software company Ariba, Inc., The Hershey Company, and the biopharmaceutical firm UCB, Inc., among others. Ms. Edelman previously served as Vice Chairman on the Board of Trustees of Bucknell University. Ms. Edelman brings to the Board a deep understanding of technology, operations and consumer focus, through her former executive leadership roles in financial services and multinational organizations, and significant corporate governance expertise given her extensive public company board experience.


	Sari Granat •Director: Since May 2022 •Age: 52 •Board Committees: Nominating and Corporate Governance •Other Public Company Boards: None	Skills & Experience •Corporate Governance & Sustainability •Finance, Capital and Investments •Global •Risk Management •Leadership •Technology
Since March 2022, Ms. Granat has served as the president and chief operating officer of Chainalysis, a blockchain data platform, where she manages the company’s general and administrative functions, including finance, business operations, human resources, legal, information security and information technology. From 2012 to 2022, Ms. Granat was with IHS Markit, a formerly NYSE-listed data, analytics and technology company, prior to its merger with S&P Global in February 2022, where she most recently served as executive vice president, chief administrative officer and general counsel, leading information security, information technology, legal, risk management, privacy and compliance functions. Ms. Granat brings to the Board expertise in technology and information security, as well as risk management, corporate governance and compliance, through her current and former executive leadership roles in technology and data focused companies.


	Lawrence V. Jackson •Director: Since July 2009 •Age: 69 •Board Committees: Compensation (Chair), Nominating and Corporate Governance •Other Public Company Boards: Bloomin Brands, Inc. (since 2020), John Bean Technologies Corporation (since 2020)	Skills & Experience •Corporate Governance & Sustainability •Finance, Capital and Investments •Industry Experience •Global •Leadership •Consumer Focus
Since 2008, Mr. Jackson has served as a senior advisor with New Mountain Capital, LLC, a private investment firm based in New York, and as a board member for several of the firm’s private portfolio companies. He has also chaired the board of SourceMark LLC since 2007. Previously, Mr. Jackson served as the President and Chief Executive Officer of the global procurement division of Walmart Inc., and as its Executive Vice President and Chief People Officer. Prior to that, he was President and Chief Operating Officer of Dollar General Corporation and Senior Vice President, Supply Operations for Safeway, Inc. He also served in various executive roles with PepsiCo, Inc. for 16 years. Mr. Jackson currently serves on the board of directors of Bloomin Brands, Inc. and is a member of its Audit and Nominating and Governance Committees. He also serves on the board of directors of John Bean Technologies Corporation and is a member of its Nominating and Governance and Compensation Committees. Mr. Jackson previously served as a director on the board of Snyder’s-Lance, Inc., and as a director on the board of Parsons Corporation and as chair of its Compensation Committee. Mr. Jackson’s broad experience with operations and logistics and human capital management, as well as capital and investments, through his various former executive leadership roles in multinational retail corporations and in private equity bring to the Board finance, leadership and consumer focus expertise.


	Debra J. Perry •Director: Since August 2017 •Age: 71 •Board Committees: Finance and Risk (Chair), Nominating and Corporate Governance •Other Public Company Boards: Korn Ferry International (since 2008), Bernstein Funds (since 2011), Genworth Financial, Inc. (2016-2022)	Skills & Experience •Corporate Governance & Sustainability •Finance, Capital and Investments •Industry Experience •Global •Risk Management •Leadership
Ms. Perry is the former Senior Managing Director for global ratings and research at Moody’s Investors Service, a unit of Moody’s Corporation. She served as the senior business leader for the company’s Americas Corporate Finance Group, the U.S. Public Finance Group and the Global Non-Bank Financial Institutions Group and previously served as Chief Administrative Officer of Moody's Corporation. Ms. Perry also worked in fixed income research at First Boston Corporation and in a variety of corporate lending and capital markets roles at Chemical Bank in the US and Europe. She currently serves as Chair of the Audit Committee of Korn Ferry International and as a member of its Nominating and Corporate Governance Committee, and as Chair of the respective boards of the Bernstein Funds (a mutual fund complex that includes the Sanford C. Bernstein Fund, Inc. (since 2011), the Bernstein Fund, Inc. (since 2015) and AB Multi-Manager Alternative Fund (since 2018)). Ms. Perry previously served on the boards of MBIA Inc., CNO Financial Inc., PartnerRe Ltd. and Genworth Financial, Inc., and the board of trustees of Bank of America Funds. Ms. Perry brings leadership expertise and deep financial acumen to the Board through her former executive leadership positions in a preeminent credit ratings company and other financial institutions, as well as significant corporate governance expertise through her public company board service.


	Ognjen (Ogi) Redzic •Director: Since November 2019 •Age: 52 •Board Committees: Finance and Risk, Information Technology •Other Public Company Boards: None	Skills & Experience •Corporate Governance & Sustainability •Industry Experience •Global •Leadership •Consumer Focus •Technology
Mr. Redzic serves as Chief Digital Officer and Senior Vice President of Caterpillar Inc., with responsibility for Cat Digital. Mr. Redzic manages key components of the company’s digital strategy including connectivity, enterprise data and e-commerce platforms, the digital platform, analytics and applications. Prior to joining Caterpillar in 2018, he led Renault-Nissan Alliance’s connected car and mobility activities as Senior Vice President, Connected Vehicles and Mobility Services. Mr. Redzic has more than 20 years’ experience, including positions at Nokia HERE, NAVTEQ, Motorola, Inc., PCTEL, Inc. and at wireless communication startup cyberPIXIE. Mr. Redzic brings to the Board extensive information technology, data and digital expertise, as well as experience with connected vehicles in the auto industry, through his current and former executive leadership roles with a leading equipment company and automotive manufacturer.


	Paul J. Reilly •Director: Since June 2011 •Age: 66 •Board Committees: Audit (Chair), Compensation •Other Public Company Boards: CMC Materials, Inc. (formerly Cabot Microelectronics Corporation) (2017 - 2022), comScore, Inc. (2017 - 2019)	Skills & Experience •Corporate Governance & Sustainability •Finance, Capital and Investments •Industry Experience •Global •Risk Management •Leadership
Until his retirement in January 2017, Mr. Reilly was Executive Vice President of Arrow Electronics, Inc., a distributor of electronic components and computer products. He was Executive Vice President, Finance and Operations and Chief Financial Officer of Arrow Electronics from 2001 until May 2016. Mr. Reilly held various positions within the company prior to assuming the role of Chief Financial Officer. Prior to joining Arrow Electronics in 1991, Mr. Reilly was a Certified Public Accountant in the business assurance practice of the New York office of KPMG Peat Marwick. Mr. Reilly previously served as Chair of the Audit Committee of CMC Materials, Inc., and as a member of its Compensation Committee. Mr. Reilly brings to the Board deep financial expertise combined with global and leadership experience through his former role as chief financial officer and other leadership positions with a large public company specialized is distribution of electronics.


	Robert W. Stein Director: Since October 2011 Age: 74 Board Committees: Audit, Information Technology Other Public Company Boards: None	Skills & Experience •Corporate Governance & Sustainability •Finance, Capital and Investments •Industry Experience •Global •Risk Management •Leadership
Mr. Stein was a Global Managing Partner, Actuarial Services at Ernst & Young LLP and held various leadership roles in the firm’s actuarial and insurance practice from 1976 until his retirement in 2011. He is a Certified Public Accountant, a Fellow of the Society of Actuaries and a Trustee Emeritus of the Actuarial Foundation. He is also member of the AICPA and the American Academy of Actuaries. Mr. Stein serves on the board of Talcott Financial Group, the ultimate parent of Talcott Resolution Life Insurance Company and its subsidiaries and affiliates. Mr. Stein chairs its Audit Committee and is a member of its Risk Committee. Mr. Stein also serves on the board of directors of Worldwide Reinsurance Ltd., currently a wholly owned subsidiary of Digital Ally. Mr. Stein previously served on the boards of Aviva plc and Resolution Life Holdings, Inc. As a certified public accountant and an actuary, Mr. Stein brings to the Board decades of extensive financial, actuarial, risk management and insurance knowledge and experience.



Skills and Experience		Ms. Rosen	Mr. Alves	Mr. Basu	Mr. Carter	Mr. Cento	Mr. Demmings	Ms. Edelman	Ms. Granat	Mr. Jackson	Ms. Perry	Mr. Redzic	Mr. Reilly	Mr. Stein

Corporate Governance & Sustainability, including DE&I and other sustainable initiatives
Finance, Capital and Investments, including accounting, financial reporting, financial markets, capital management and investments
Industry Experience, including insurance, business services, mobile, auto and supply chain
Global background or experience
Risk Management, including compliance
Leadership, including in strategy, operations and talent management
Consumer Focus
Technology, including digital or cybersecurity
Demographic Background

Age		70	68	64	64	71	50	67	52	69	71	52	66	74
Tenure (Years)		14	4	0	3	17	1	6	1	14	6	4	12	12
Gender, Racial or Ethnic Diversity	Gender
	Racial or Ethnic


			Non-Executive Chair of the Board. Denotes Committee Chair.
			This table does not include Jean-Paul Montupet, who will not stand for re-election at the Annual Meeting based on our director retirement policy.



	Board	Audit	Compensation	Finance and Risk	Information Technology	Nominating and Corporate Governance
Number of Meetings in 2022	6	13	9	6	4	5



			Reinforced Company Culture			We refreshed the key tenets of our culture, specifically to foster greater understanding of our renewed purpose and why the work we do each day and behaviors we model matter to the stakeholders we serve.
			Ongoing Employee Feedback & Listening			We regularly engage with our employees to seek feedback through an array of forums and channels designed to provide opportunities for anonymous, real-time feedback. Results from our most recent enterprise-wide listening program, which concluded in June 2022, benefited from strong employee participation and highlighted that employees generally feel engaged and aligned with the Company’s priorities. To ensure our Total Rewards remain competitive, we also conducted employee focus groups that helped validate that recommended plan changes for 2023 met the needs of our diverse workforce particularly around predictability and affordability of health care costs.


			Commitment to Diversity & Inclusion			We launched three employee resource groups (including Women@Assurant, Veterans@Assurant and Mosaic@Assurant) to provide forums for employees to raise topics that are important to underrepresented groups. We sponsored an inaugural, enterprise-wide diversity and inclusion mentorship program. We expanded employee participation in targeted development programs for women and underrepresented groups including HACE (Hispanic Alliance for Career Enhancement), ELC (Executive Leadership Council) and LEAP (Leadership Acceleration Program) forums.
			Investing in Our People			We continue to invest in our employees’ career growth and provide employees with a wide range of training and development opportunities. In 2022, we delivered live-virtual training to support the initial rollout of our redefined culture tenets which will continue as we further embed into our talent practices. We also implemented key initiatives to increase adoption of new technology and processes providing both learning tools and change support, furthering our focus on a digital-first mindset.



			Electric Vehicle Product			EV-One, our electric vehicle and hybrid protection policy, is available in 12 countries. EV-One was expanded and enhanced to include comprehensive battery coverage, helping to support the adoption of energy-efficient vehicles.
			Repurposing Mobile Devices			Since 2009, Assurant has repurposed more than 135 million mobile devices. Whether by repairing, reselling or recycling devices through certified partners, we are enabling the reuse of valuable materials and reduction of e-waste from landfills.



			Reduce GHG Emissions by 40 Percent by 2030			In December 2022, the Company announced its science-based aligned target to reduce Scope 1 and Scope 2 GHG emissions by 40% by 2030 from a 2021 base year. The target, which aligns with the Paris Agreement and the Science-based Targets initiative, was set as part of the Company’s ESG guiding principle to ensure its facilities around the world adhere to sustainability practices.
			Enhanced and Verified Emissions Reporting			We continue to enhance our emissions reporting. In 2022, we expanded Scope 3 reporting to include our investment portfolio (by industry and asset class) in addition to purchased goods and services, and use of sold products, a category that pertains exclusively to our mobile business. We engaged a third party to conduct an independent verification of all Scope 1, Scope 2, and relevant Scope 3 category, excluding investment portfolio, GHG emissions.
			Climate Action Policy			In addition to our Responsible Investing Commitment Policy, in 2022, we implemented our Climate Action Policy, which identifies the steps that we will take to continue to integrate our environmental commitment into our business operations and maintain the appropriate governance and oversight to monitor, manage, and continuously improve our climate action and environmental performance.


Executive compensation programs should align the interests of our executives with those of our stockholders by tying compensation to the Company’s stock price and financial performance.


Executive compensation opportunities should be sufficiently competitive to motivate and retain talent while aligning their interests with those of our stockholders.


Our incentive-based programs should motivate our executives to deliver strong, sustainable results.