Business Context and Reporting Period
Company: Assurant, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: November 5, 2018
Event: Authorization of a new common stock repurchase program.
Key Financial Metrics
This filing does not report operational financial metrics such as revenue, profit, cash flow, margins, or debt levels. The only financial data provided relates to capital allocation:
- New Repurchase Authorization: $600 million.
- Remaining Unused Authorization (as of Nov 2, 2018): Approximately $176 million.
Material Changes
The material change reported is the Board of Directors' decision to increase the company's capacity to repurchase its own stock. The new $600 million authorization supplements the existing program, which had $176 million remaining unused as of November 2, 2018.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance, management commentary on future performance, or discussion of specific risks and contingencies beyond the standard disclosure of the stock repurchase event. The filing references a news release (Exhibit 99.1) for further details but does not include the text of that release.
Investor Verification Checklist
- Verify the total aggregate amount of the new $600 million authorization combined with the $176 million remaining from the prior program.
- Review the attached news release (Exhibit 99.1) for any specific terms regarding the duration of the repurchase program or pricing constraints.
- Confirm the company's current cash position and liquidity status in the most recent 10-Q or 10-K to assess the impact of this repurchase on the balance sheet.