Assurant sells Miami campus for $126M; Q4 cat losses ~$50M pre-tax, better than prior view

ASSURANT, INC.

Sale of Miami campus by subsidiary American Bankers Life to GPC Miami Business Park for $126M.
90-day buyer due diligence; closing subject to development approvals expected in 18-24 months.
Relocation of Miami operations to new leased site by end of Q2 2025.
Expects ~$50M pre-tax ($40M after-tax) Q4 2024 reportable catastrophes, better than Nov estimates; driven by Hurricane Milton.
California wildfires expected to be a reportable catastrophe in Q1 2025.

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