Exhibit 99.1
assurantlogocolora01.jpg

Assurant Reports Fourth Quarter and Full-Year 2019 Financial Results
Earnings Growth in 2019 Fueled by Strong Mobile Results and Full-Year TWG Contributions
Company Expects to Grow 2020 Net Operating Earnings Per Share, Ex. Catastrophes, by 10 to 14 Percent

 
Key Highlights for Full-Year 2019
 
• Net income of $363.9 million, or $5.84 per share, up 54 percent and 47 percent, respectively
 
• Net operating income1 of $533.0 million, or $574.0 million excluding reportable catastrophes2, up 54 percent and 11 percent, respectively
 
• Net operating income per diluted share3 of $8.55, or $9.21 excluding reportable catastrophes4, up 47 percent and 6 percent, respectively
 
• $426 million returned to shareholders in share repurchases and common dividends

Note: References to net income (loss) refer to net income (loss) attributable to common stockholders. Comparisons in the financial highlights relate to last year’s prior period unless otherwise noted. Full-year 2019 earnings included $18.0 million of disclosed items, comprised of a $9.9 million charge related to Global Preneed in the third quarter and $8.1 million of severance related to the company’s multi-year IT transformation in the fourth quarter.

NEW YORK, Feb. 11, 2020 Assurant, Inc. (NYSE: AIZ), a leading global provider of lifestyle and housing solutions that support, protect and connect major consumer purchases, today reported results for the fourth quarter and full-year ended December 31, 2019.

“We are pleased with our overall performance in 2019, delivering earnings growth in-line with our expectations. Importantly, we also strengthened our partnerships with leading brands and invested in capabilities to sustain business growth and achieve a more diversified mix of earnings in 2020,” said Assurant President and CEO Alan Colberg.
Colberg added, “We believe our unique position supporting consumers’ connected lifestyles across mobile, home and auto will drive continued outperformance long-term.”



-1-

The following information was filed by Assurant Inc (AIZ) on Tuesday, February 11, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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