Market Overview

Assurant Board of Directors Authorizes New Share Repurchase Program


Brings total share buyback authorization to $776 million

(NYSE:AIZ), a global provider of risk management solutions,
today announced that the company's board of directors authorized a new
repurchase program for up to $600 million of the Company's outstanding
common stock. The new share repurchase program will take effect upon
completion of the Company's current program, which has approximately
$176 million of authorization remaining as of November 2, 2018.

"Assurant's significant cash flow generation has afforded us the ability
to drive strategic, disciplined investments in our business to support
long-term profitable growth, while also returning excess capital to
shareholders through share repurchase and dividends," said Alan Colberg,
Assurant president and chief executive officer. "This new authorization
underscores our long-term commitment to being good stewards of our

The share repurchase program may use open market and/or private
transactions. The timing of purchases will be subject to management
evaluation of current market conditions, applicable legal requirements
and other factors.

Since its initial public offering in 2004, Assurant has repurchased 61
percent of its issued common shares(1), or 99.1 million
shares, for $5.0 billion.

(1)   This takes into account the impact from the acquisition of The
Warranty Group, which includes the 10.4 million common shares issued
to TPG Capital and affiliates.

About Assurant

Assurant, Inc. (NYSE:AIZ) is a global provider of risk management
solutions, protecting where consumers live and the goods they buy. A
Fortune 500 company, Assurant focuses on the housing and lifestyle
markets, and is among the market leaders in mobile device protection and
related services; extended service contracts; vehicle protection
products; pre-funded funeral insurance; renters insurance; and
lender-placed homeowners insurance. Assurant has a market presence in 21
countries, while its Assurant Foundation works to support and improve
communities. Learn more at
or on Twitter @AssurantNews.

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