Reworded10-Q 2026-11-05 vs 10-K 2026-02-19
Certain factors may have a material adverse effect on our business, financial condition, results of operations and cash flows. flows, and you should carefully consider them.
AIZAssurant
We are a premier global protection company that partners with the world’s leading brands to safeguard and service connected devices, homes and automobiles. 10-K, Item 1
- Employees
- 14,800
- Headquarters
- Atlanta, GA
- CEO
- Keith Demmings
- Next results
- around Feb 9, 2027
5 paragraphs in Risk Factors of the 10-K filed Feb 19, 2026 with nothing like them in the 10-K filed Feb 20, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.
Compared with the Risk Factors in the latest 10-K of the other 75 Financials companies: a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it. A paragraph most of them have is marked boilerplate. No line means no other company has one like it. This counts text; it does not say how serious a risk is.
Our strategy is focused on delivering long-term profitable growth. As part of our strategy, we are developing new and innovative products and services and enhancing existing offerings. We are investing in technology and digital capabilities, including AI and our Innovation and Device Care Center, and in our home warranty business. We are also enhancing operational efficiency and accessing global talent hubs, including through our Global Capability Centers. In recent years, we realigned our organizational structure and talent to support our business strategy, and accelerated ongoing real estate consolidation efforts. We may not be able to realize our expected growth objectives and operational efficiency improvements from these and future initiatives.
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the technologies we use continue to grow, and as a result of the remote and hybrid work arrangements for a significant portion of our employees, the risk of security breaches and cybersecurity incidents has increased.
Read in the 10-K ↗
policy may not be sufficient in type or amount to fully cover us against claims and costs related to security breaches, cybersecurity incidents, and other related data and system incidents.
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Additional regulation and guidance with respect to the implementation of certain OBBBA provisions are expected in 2026. We currently do not expect a material tax impact to our results of operations or financial condition due to these recent developments, and we continue to monitor and evaluate the potential impact of changing tax laws and regulations on future years.
Read in the 10-K ↗
•restrictions on algorithmic underwriting or the use of AI-enabled decision-making tools;
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New in the latest 10-Q
6 paragraphs in the 10-Q filed Nov 5, 2026 with nothing like them in the 10-Q filed Aug 6, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.
10-Q
September 30, 2026 December 31, 2025 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── (in millions, except number of shares and per share amounts) Assets Investments: Fixed maturity securities available for sale, at fair value (net of allowances for credit losses of $— and $1.9 at September 30, 2026 and December 31, 2025, respectively; amortized cost - $9,560.3 and $8,635.3 at September 30, 2026 and December 31, 2025, respectively) $ 9,054.9 $ 8,577.7 Equity securities at fair value 188.9 207.1 Commercial mortgage loans on real estate, at amortized cost (net of allowances for credit losses of $6.3 and $6.7 at September 30, 2026 and December 31, 2025, respectively) 308.2 324.7 Short-term investments 300.8 379.5 Other investments 633.8 573.0 Total investments 10,486.6 10,062.0 Cash and cash equivalents 1,777.8 1,834.1 Premiums and accounts receivable (net of allowances for credit losses of $19.5 and $10.4 at September 30, 2026 and December 31, 2025, respectively) 2,071.4 1,989.4 Reinsurance recoverables (net of allowances for credit losses of $5.2 at September 30, 2026 and December 31, 2025) 6,327.9 6,471.3 Accrued investment income 138.5 135.4 Deferred acquisition costs 10,579.6 10,187.6 Property and equipment, net 871.0 841.7 Goodwill 2,657.4 2,646.3 Other intangible assets, net 459.1 522.0 Other assets (net of allowances for credit losses of $0.9 at September 30, 2026 and December 31, 2025) 1,124.2 1,087.4 Assets held for sale (Note 4) — 512.4 Total assets $ 36,493.5 $ 36,289.6 Liabilities Future policy benefits and expenses $ 52.8 $ 55.7 Unearned premiums 21,528.2 20,881.4 Claims and benefits payable 2,086.8 2,101.2 Commissions payable 657.3 640.6 Funds held under reinsurance 280.3 266.4 Accounts payable and other liabilities (including allowances for credit losses of $0.5 and $0.9 at September 30, 2026 and December 31, 2025, respectively, for the unsecured portion of the high deductible recoverables) 3,687.5 3,766.3 Debt 2,208.7 2,206.9 Liabilities held for sale (Note 4) — 499.5 Total liabilities 30,501.6 30,418.0 Commitments and contingencies (Note 14) Stockholders’ equity Common stock, par value $0.01 per share, 800,000,000 shares authorized, 51,460,184 and 52,089,008 shares issued and 49,164,095 and 49,792,919 shares outstanding at September 30, 2026 and December 31, 2025, respectively 0.5 0.5 Additional paid-in capital 1,716.9 1,711.8 Retained earnings 5,299.4 4,826.3 Accumulated other comprehensive loss (902.1) (544.2) Treasury stock, at cost; 2,296,089 shares at September 30, 2026 and December 31, 2025 (122.8) (122.8) Total stockholders’ equity 5,991.9 5,871.6 Total liabilities and stockholders’ equity $ 36,493.5 $ 36,289.6
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Nine Months Ended September 30, 2026 2025 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────── Financing activities Issuance of debt, net of issuance costs — 298.0 Repayment of debt — (176.3) Acquisition of common stock (277.5) (209.4) Common stock dividends paid (135.5) (124.2) Employee stock purchases and withholdings (36.5) (16.1) Net cash used in financing activities (449.5) (228.0) Effect of exchange rate changes on cash and cash equivalents 5.7 23.9 Change in cash and cash equivalents (56.3) (95.2) Cash and cash equivalents at beginning of period 1,834.1 1,807.7 Cash and cash equivalents at end of period $ 1,777.8 $ 1,712.5
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Level 3 assets increased during the nine months ended September 30, 2026, primarily due to purchases of fixed maturity securities classified as Level 3 upon acquisition and transfers of fixed maturity securities from Level 2 to Level 3 mainly due to unobservable market transactions and pricing information.
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Other information
On August 6, 2026, Ryan Lumsden, our Executive Vice President and President, Global Housing, adopted a plan intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act (a “Plan”). Mr. Lumsden’s Plan provides for the sale of up to 3,901 shares of our common stock, and terminates on the earlier of: (i) March 31, 2027, (ii) the date all shares subject to the Plan are sold or (iii) the date on which the Plan is otherwise terminated according to its terms.
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On August 11, 2026, Biju Nair, our Executive Vice President and President, Global Connected Living, adopted a Plan in his capacity as trustee of The Biju Nair Declaration of Trust. Mr. Nair’s Plan provides for the sale of up to 9,818 shares of our common stock, and terminates on the earlier of: (i) April 30, 2027, (ii) the date all shares subject to the Plan are sold or (iii) the date on which the Plan is otherwise terminated according to its terms.
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On September 15, 2026, Keith W. Demmings, our President and Chief Executive Officer, and a director on our Board, adopted a Plan. Mr. Demmings’s Plan provides for the sale of up to 40,000 shares of our common stock, and terminates on the earlier of: (i) September 30, 2027, (ii) the date all shares subject to the Plan are sold or (iii) the date on which the Plan is otherwise terminated according to its terms.
Read in the 10-Q ↗
The 10-Q's risk factors against the 10-K
Item 1A of the 10-Q filed Nov 5, 2026 against Item 1A of the 10-K filed Feb 19, 2026.
A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed.
Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed,
Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal
(cut words struck through, new words highlighted and underlined).
Text on the page, not a score; each links to the filing at sec.gov.
Work on AIZ in a spreadsheet:
Excel workbook (a sheet per section, ten years by column, charts, links to the filings) ·
CSV.
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