Assurant, Inc. is a specialty insurance and risk management company that operates globally, providing protection products for consumers' major purchases. The company operates through two primary segments: Global Lifestyle and Global Housing. The Global Lifestyle segment, which accounts for approximately 77% of total revenue, offers mobile device solutions, extended service contracts for consumer electronics and appliances, and vehicle protection services. The Global Housing segment, generating the remaining 23% of revenue, provides lender-placed homeowners insurance, manufactured housing coverage, renters insurance, and flood insurance. Unlike traditional broad-market insurers that sell directly to consumers, Assurant focuses on a B2B2C partnership model. It integrates its insurance and protection products into the point-of-sale channels of mobile carriers, major retailers, auto dealers, and mortgage lenders. The company underwrites its own policies and service contracts through regulated insurance subsidiaries, such as American Bankers Insurance Company of Florida. Assurant operates across North America, Latin America, Europe, and the Asia-Pacific region.
