SCHEDULE: BNY Mellon Reports 9.9% Stake in Assurant, Inc.

Bank of New York Mellon Corporation and its affiliates disclosed a 9.9% beneficial ownership stake in Assurant, Inc. common stock as of September 30, 2025.

Summary

• Bank of New York Mellon Corporation (BNY Mellon) and its subsidiaries collectively reported beneficial ownership of 5,010,373 shares of Assurant, Inc. common stock, representing 9.9% of the class.
• BNY Mellon IHC, LLC, a subsidiary of BNY Mellon, beneficially owns 4,405,765 shares, or 8.7% of the class.
• MBC Investments Corp, another subsidiary, also beneficially owns 4,405,765 shares, or 8.7% of the class.
• Newton Investment Management North America, LLC, an investment adviser subsidiary, beneficially owns 3,919,176 shares, or 7.8% of the class.
• The shares are held in various fiduciary capacities by BNY Mellon and its direct or indirect subsidiaries.
• The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Assurant, Inc.

Sentiment

Score: 5

Explanation: The filing is a routine disclosure of beneficial ownership by a large institutional investor, indicating a passive stake. It contains no explicit positive or negative news regarding the issuer's performance or strategic direction, thus maintaining a neutral sentiment.

Positives

• The disclosure of a significant institutional holding by a major financial institution like BNY Mellon can signal institutional confidence in Assurant, Inc.

Risks

• The filing explicitly states that the securities were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of Assurant, Inc., mitigating potential corporate governance risks associated with activist investors.

Future Outlook

The filing does not contain any forward-looking statements or guidance regarding Assurant, Inc.'s future performance or operations.

Management Comments

• "To the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11." (Certification by Andrew Weiser, Attorney-In-Fact for the reporting persons)

Industry Context

This filing is a routine disclosure by a large institutional investor, Bank of New York Mellon Corporation, which manages assets across various fiduciary capacities. Such disclosures are common for major financial institutions holding significant, but passive, stakes in publicly traded companies as part of their investment management activities for clients.

Related Party Transactions

• The shares are beneficially owned by The Bank of New York Mellon Corporation and its direct or indirect subsidiaries (e.g., BNY Mellon IHC, LLC, MBC Investments Corp, Newton Investment Management North America, LLC) in their various fiduciary capacities. These entities are related parties to each other under the BNY Mellon corporate structure.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming a large, passive investment in the company.

Key Dates

Recommendation

This Schedule 13G filing primarily serves as a disclosure of beneficial ownership by a large institutional investor. It does not provide operational, financial, or strategic updates for Assurant, Inc. that would warrant a 'buy' or 'sell' recommendation. The disclosed stake is passive, and the filing explicitly states no intent to influence control. Therefore, a 'hold' recommendation is appropriate, as the filing itself does not present new information to alter an existing investment thesis.

Keywords

Assurant, BNY Mellon, Beneficial Ownership, Schedule 13G, Institutional Investor, Common Stock, Financial Services, Investment Management