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AI brief of an SEC Form 8-K · Assurant (AIZ)

Assurant to sell Miami campus for $126 million; Q4 catastrophe losses $50 million

Mixed Impact 3 of 5 earnings Written later

Assurant said it expects about $50 million pre-tax, or $40 million after-tax, in reportable catastrophe losses for fourth quarter 2024, which is more favorable than early estimates given on its third quarter call. The company also agreed to sell its Miami, Florida campus for $126 million, subject to buyer development approvals that could take 18 to 24 months, and it expects California wildfires to be a reportable catastrophe in first quarter 2025.

Key points

  • Q4 2024 reportable catastrophes expected at about $50 million pre-tax ($40 million after-tax), mainly in lender-placed within Global Housing and largely from Hurricane Milton
  • Miami campus sale agreement dated January 22, 2025, at a purchase price of $126 million, with a 90-day buyer due diligence period
  • Closing expected within 30 days after buyer receives development approvals, which could take 18 to 24 months
  • California wildfires expected to be a reportable catastrophe in Q1 2025; more detail planned for the February 12, 2025 earnings call

The filing

CompanyAssurant (AIZ)
Form8-K, current report
Filed with the SECJan 23, 2025, 4:16 PM ET
Accession number0001267238-25-000002

Items reported: 1.01 Material Definitive Agreement2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 1:11 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on January 23, 2025.

Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.