Assurant Board of Directors Approves 7% Common Stock Dividend Increase

Raises Quarterly Dividend by $0.04 to $0.60 per Common Share

NEW YORK–(BUSINESS WIRE)–Assurant,
Inc.
(NYSE: AIZ), a global provider of risk management solutions,
announced that its Board of Directors approved a quarterly dividend
increase of $0.04 to $0.60 per share of common stock.

“Increasing our common stock dividend once again demonstrates our
commitment to disciplined capital management,” said Alan Colberg,
president and chief executive officer, Assurant. “With the acquisition
of The Warranty Group, we have added a diversified and more predictable
earnings stream that enhances our ability to generate cash flow, and as
appropriate, return it to shareholders.”

The Board also declared a quarterly dividend of $1.6250 per share of
6.50% mandatory convertible preferred stock.

Dividend information for Assurant’s common and preferred stock is as
follows:

Common – The dividend will be payable on Dec. 17, 2018 to
stockholders of record as of the close of business on Nov. 26, 2018.

Preferred –The dividend will be payable on Dec. 17, 2018 to
stockholders of record as of the close of business on Dec. 1, 2018.

Future dividend declarations will be made at the discretion of the
Assurant Board of Directors and will be dependent upon the company’s
earnings, financial condition, capital requirements, future prospects,
regulatory and other restrictions, among other factors.

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 assurant.com
or on Twitter @AssurantNews.

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Contacts

Assurant, Inc.
Media:
Linda Recupero,
212.859.7005
Senior Vice President, Enterprise Communication
linda.recupero@assurant.com
or
Investor
Relations:

Suzanne Shepherd, 212.859.7062
Vice President,
Investor Relations
suzanne.shepherd@assurant.com
or
Sean
Moshier, 212.859.5831
Manager, Investor Relations
sean.moshier@assurant.com

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