secwatch.observer — SEC 8-K summary
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Issuer:     ASSURANT, INC. (AIZ)
CIK:        0001267238
Form:       8-K
Filed at:   2022-12-13T23:59:59+00:00
Accession:  0001267238-22-000044
Event type: other_material
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.05, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Assurant announces restructuring plan with $60-65M pre-tax charges; targets $55M annual savings by 2024
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- Pre-tax restructuring charges of $60M-$65M, with $51M-$56M in Q4 2022 and remainder in 2023.
- Charges include $29M-$34M for severance/benefits and ~$31M for real estate exit costs.
- Gross annualized run-rate savings of ~$55M expected by year-end 2024, over half in 2023.
- Actions include organizational realignment, talent reduction, and accelerated real estate consolidation.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1267238/000126723822000044/0001267238-22-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1267238/000126723822000044/aiz-20221213.htm
  HTML page:      https://secwatch.observer/filing/0001267238-22-000044

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer