Assurant, Inc. · NYSE:AIZ

Assurant — Q4 2021 Earnings Presentation

24 slides from Assurant's earnings presentation, Feb 9, 2022

Slide 2: Cautionary Statement
Cautionary Statement Some of the statements included in this presentation, including our business and financial plans and any statements regarding our anticipated future financial performance, business prospects, growth and operating strategies and similar matters, including performance outlook, fin
Slide 3: Investment Highlights
Investment Highlights Multiple Levers To Drive Long-Term Shareholder Value Profitable growth in attractive markets where we have leadership positions Capital-light businesses with continued growth in the connected world Specialty risk businesses with superior returns and cash flows More diversified
Slide 4: We are a Leading Provider of Lifestyle and Housing Solutions
We are a Leading Provider of Lifestyle and Housing Solutions Protecting In partnership Through major consumer with leading innovative purchases … brands that … offerings … • Mobile Devices • Make • Device lifecycle • Appliances • Sell management • Car • Finance • Premium tech support • Home and Rent
Slide 5: Fully Transformed to Focus on Connected Consumer and Specialty P&C Businesses
Fully Transformed to Focus on Connected Consumer and Specialty P&C Businesses GLOBAL LIFESTYLE GLOBAL HOUSING Sale of Global Preneed in 2021 represented GLOBAL HOUSING a significant milestone in the transformation journey that began in 2015 Connecting and protecting Helping customers protect their c
Slide 6: Delivering Continued Profitable Growth
Delivering Continued Profitable Growth Net Operating Income(1) ($ millions) $672 • Double-digit growth in portfolio driven by 2016-2021(2) Connected Consumer and Specialty P&C 12% CAGR $379 Net Operating businesses Income • Given ongoing shift to more service-oriented, fee- based businesses, we beli
Slide 7: Long-term Drivers of Outperformance
Long-term Drivers of Outperformance MARKET- GREATER INNOVATIVE LEADING DIVERSIFICATION OFFERINGS POSITIONS MACRO & DISCIPLINED CONSUMER CAPITAL DEPLOYMENT TRENDS LEADING BRANDS BROAD, STRONG & DISTRIBUTION DIFFERENTIATED EARNINGS & PARTNERS CAPABILITIES CASH FLOW © 2022 Assurant, Inc. All rights res
Slide 8: Portfolio of Market-Leading Businesses with Attractive Growth Prospects
Portfolio of Market-Leading Businesses with Attractive Growth Prospects Multifamily Lender-placed Mobile Auto Housing Insurance Favorable Refurbed devices, Stable overall Household Mortgage Industry Internet of Things car sales in U.S. formation originations Trends and 5G upgrades over long-term gro
Slide 9: Partnerships with Leading Global Brands and Broad Distribution Channels
Partnerships with Leading Global Brands and Broad Distribution Channels MOBILE AUTO Mortgage Small PMCs Servicers 8 of the Top 10 8 of the Top 10 LARGE PMCs BANKS global global auto Dealers, telecommunications manufacturers Agents, brands National E-tailers Accounts AUTO TPA RETAILERS MULTIFAMILY HO
Slide 10: Robust and Diversified Cash Flow Creates Significant Flexibility to Drive Shareholder Value
Robust and Diversified Cash Flow Creates Significant Flexibility to Drive Shareholder Value • Robust cash flow with over $5.9B in segment Conversion Percentage of dividends over the past 10 years(1) Segment Earnings(2) • On average, ~100% of segment earnings distributed to holding company • $1.0 bil
Slide 11: Capital Deployment Strategy Creates Balance Between Shareholder Returns and Growth
Capital Deployment Strategy Creates Balance Between Shareholder Returns and Growth Capital Management Principles • Invest in business to drive sustained innovation and Balanced Capital Deployment Strategy growth • Select tuck-in acquisitions 11% 11% • Target to maintain investment grade rating • Ret
Slide 12: High Quality and Diversified Investment Portfolio
High Quality and Diversified Investment Portfolio Preferred Fixed Maturity Securities by Other 8% Equity 2% Credit Quality(1) • Total investments and cash and cash 12/31/21 equivalents of $10.7 billion Commercial Mortgages 2% • Fixed maturity investments, cash AAA / Aa / A and short-term investments
Slide 13: Assurant's 2020 – 2025 ESG Areas of Strategic Focus
Assurant’s 2020 – 2025 ESG Areas of Strategic Focus TALENT: Creating a diverse, equitable and inclusive culture to drive innovation for all stakeholders PRODUCTS: Helping customers thrive in a connected world CLIMATE: Operating to minimize carbon footprint and enhance sustainability • As we accelera
Slide 14: Assurant's Multiyear ESG Aspirations Across Talent, Products and Climate
Assurant’s Multiyear ESG Aspirations Across Talent, Products and Climate 2020-2025 Aspirations Talent Products Climate • Ensure Assurant workforce and • Continue to reinforce value of • Develop infrastructure to track and leadership reflect the diversity offerings to support consumers report Scope 1
Slide 15: Long-Term Strategy to Deliver Sustained Outperformance
Long-Term Strategy to Deliver Sustained Outperformance Executing strategy should result in: • Even stronger portfolio of businesses with MARKET- leadership positions and attractive growth INNOVATIVE LEADING OFFERINGS prospects POSITIONS • Deeper partnerships with leading brands to sustain innovation
Slide 17: Exhibit 1: Safe Harbor Statement
Exhibit 1: Safe Harbor Statement Some of the statements included in this presentation, including our business and financial plans and any statements regarding the company’s anticipated future financial performance, business prospects, growth and operating strategies and similar matters, may constitu
Slide 18: Exhibit 2: Non-GAAP Financial Measures
Exhibit 2: Non-GAAP Financial Measures Assurant uses the following non-GAAP financial measures to analyze the company’s operating performance. Assurant’s non-GAAP financial measures should not be considered in isolation or as a substitute for GAAP financial measures. Because Assurant’s calculation o
Slide 19: Exhibit 2: Non-GAAP Financial Measures (Continued)
Exhibit 2: Non-GAAP Financial Measures (Continued) Additional details about the components of Other adjustments and other key financial metrics are included in the Financial Supplement located on Assurant’s Investor Relations website https://ir.assurant.com/investor/default.aspx © 2022 Assurant, Inc
Slide 20: Exhibit 2: Non-GAAP Financial Measures (Continued)
Exhibit 2: Non-GAAP Financial Measures (Continued) (2) Net Operating Income, Excluding Reportable Catastrophes, per Diluted Share: Net operating income, excluding reportable catastrophes, per diluted share equals net operating income, excluding reportable catastrophes (defined above), plus any dilut
Slide 21: Exhibit 2: Non-GAAP Financial Measures (Continued)
Exhibit 2: Non-GAAP Financial Measures (Continued) Additional details about the components of Other adjustments and other key financial metrics are included in the Financial Supplement located on Assurant’s Investor Relations website https://ir.assurant.com/investor/default.aspx © 2022 Assurant, Inc
Slide 22: Exhibit 2: Non-GAAP Financial Measures (Continued)
Exhibit 2: Non-GAAP Financial Measures (Continued) (3) Adjusted EBITDA, Excluding Reportable Catastrophes: Assurant defines Adjusted EBITDA as net operating income, excluding reportable catastrophes (defined above), excluding interest expense, provision (benefit) for income taxes, depreciation expen
Slide 23: Exhibit 2: Non-GAAP Financial Measures (Continued)
Exhibit 2: Non-GAAP Financial Measures (Continued) (4) Corporate and Other Net Operating Loss: Assurant uses Corporate and Other net operating loss as an important measure of the Corporate and Other segment’s performance. Corporate and Other net operating loss equals GAAP Corporate and Other segment
Slide 24: Exhibit 3: Data Sources
Exhibit 3: Data Sources Global Housing Global Lifestyle 7 of the top 10 largest mortgage Source: Internal Management 8 of the top 10 global auto Source: 2020 Best Global Brands servicers in the U.S. information manufacturers by Interbrand 7 of the top 10 largest multifamily Source: 2020 NMHC 50 Larg

Assurant — Q4 2021 Earnings Presentation on 6ix

Assurant — Q4 2021 Earnings Presentation

Slide 1: Assurant Investor Overview, Fourth Quarter 2021

Slide 2: Cautionary Statement

Slide 3: Investment Highlights

Slide 4: We are a Leading Provider of Lifestyle and Housing Solutions

Slide 5: Fully Transformed to Focus on Connected Consumer and Specialty P&C Businesses

Slide 6: Delivering Continued Profitable Growth

Slide 7: Long-term Drivers of Outperformance

Slide 8: Portfolio of Market-Leading Businesses with Attractive Growth Prospects

Slide 9: Partnerships with Leading Global Brands and Broad Distribution Channels

Slide 10: Robust and Diversified Cash Flow Creates Significant Flexibility to Drive Shareholder Value

Slide 11: Capital Deployment Strategy Creates Balance Between Shareholder Returns and Growth

Slide 12: High Quality and Diversified Investment Portfolio

Slide 13: Assurant's 2020 – 2025 ESG Areas of Strategic Focus

Slide 14: Assurant's Multiyear ESG Aspirations Across Talent, Products and Climate

Slide 15: Long-Term Strategy to Deliver Sustained Outperformance

Slide 16: Appendix

Slide 17: Exhibit 1: Safe Harbor Statement

Slide 18: Exhibit 2: Non-GAAP Financial Measures

Slide 19: Exhibit 2: Non-GAAP Financial Measures (Continued)

Slide 20: Exhibit 2: Non-GAAP Financial Measures (Continued)

Slide 21: Exhibit 2: Non-GAAP Financial Measures (Continued)

Slide 22: Exhibit 2: Non-GAAP Financial Measures (Continued)

Slide 23: Exhibit 2: Non-GAAP Financial Measures (Continued)

Slide 24: Exhibit 3: Data Sources