Business Context and Reporting Period
Company: Assurant, Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: September 24, 2018
Event: Completion of a secondary offering of common stock by certain affiliates of TPG Global, LLC.
Key Financial Metrics
This filing does not report operational financial metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The filing focuses exclusively on a capital market transaction.
| Metric | Value |
|---|---|
| Shares Sold | 1,000,000 |
| Offering Price per Share | $105.14 |
| Total Proceeds (Gross) | $105,140,000 |
| Buyer | Institutional Investor |
Material Changes
The material change reported is the sale of 1,000,000 shares of Assurant, Inc. common stock by affiliates of TPG Global, LLC. This transaction was conducted directly to an institutional investor and does not involve the issuance of new shares by Assurant, Inc. itself.
Guidance, Outlook, and Risks
The filing contains no management commentary, financial guidance, or outlook for future periods. No specific risks or contingencies related to the company's operations are disclosed in this document, other than the standard regulatory context of the offering.
Investor Verification Checklist
- Verify the identity of the institutional investor purchasing the shares.
- Confirm the total number of shares held by TPG Global affiliates post-transaction.
- Review the effective Registration Statement on Form S-3 (File No. 333-222648) for underwriting agreements or lock-up provisions.
- Check subsequent filings to determine if the proceeds from this sale were used to reduce debt or for other corporate purposes by the selling affiliates.