AIZ - Comments Following AIZ Investor Event at Device Care Center, Reiterate Buy

Research evidence excerpt

AIZ - Comments Following AIZ Investor Event at Device Care Center, Reiterate Buy

Truist Securities

Equity Research Report May 14, 2026

FINANCIALS: Insurance Assurant, Inc. (AIZ)

AIZ - Comments Following AIZ Investor Event at Device Care Mark Hughes, CFA

615-748-4422 Center, Reiterate Buy

Mark.Hughes@truist.com

Maxwell Fritscher We attended an event hosted by Assurant senior management at the company’s Innovation

404-439-9753 and Device Care Center in Mt. Juliet, Tennessee. Presentations and discussion featured

Maxwell.Fritscher@truist.com CEO Keith Demmings, CFO Keith Meier, Deputy CFO Rebekah Biondo, President of Global

Connected Living Biju Nair, and SVP Global Supply Chain Brandon Johnson.

Stock Rating BUY This center is a key component of the company’s operational market leadership. The

Unchanged facility comprises 260,000 square feet with 500-600 employees and the capacity to process

25,000 mobile devices per day. The impressive automation – of which 70-80% is developed

Price Target $290.00 in-house – extends from intake to evaluation, reset, cleaning, repair, and refurbishment,

Unchanged most steps with minimal human involvement (cleaning with dry ice is cool). The building also

houses the company’s innovation center that does advanced development of technology

intended for use in other facilities around the world; steps are being taken to further automate

the process and are expected to be implemented within months.

TR to Target 21.0%

Price (May 13, 2026) $242.61 The CEO stated that Connected Living has its greatest momentum in the last decade.

52-Wk Range $244.14-$184.56 The company has launched 43 new programs in the last four years alone and has a strong

Market Cap ($M) $12,131 backlog of new and expanded projects.