NEW YORK, May 19, 2006— Assurant, Inc. ("Assurant") (NYSE: AIZ), a premier provider of specialty insurance and insurance-related products and services, announced today that its board of directors has declared a quarterly dividend of $0.10 per common share, a 25% increase over the common share dividend declared on February 8, 2006. The dividend will be payable on June 13, 2006 to shareholders of record as of May 30, 2006.
"The board's decision to raise the dividend reflects Assurant's strong financial position and our disciplined approach to capital management," said Robert B. Pollock, Assurant's president and chief executive officer. "We are focused on increasing shareholder value by continuing to make investments that support the organic growth of our businesses, by making prudent and opportunistic acquisitions, and by returning capital to shareholders through share buybacks and dividend increases."
Future dividend declarations will be made at the discretion of the board of directors and will be based on such factors as the company's earnings, financial condition, cash requirements, future prospects and other factors.
Assurant is a premier provider of specialized insurance products and related services in North America and selected other international markets. Its four key businesses -- Assurant Employee Benefits; Assurant Health; Assurant Solutions and Assurant Specialty Property -- have partnered with clients who are leaders in their industries and have built leadership positions in a number of specialty insurance market segments in the U.S. and selected international markets.
Assurant, which is traded on the New York Stock Exchange under the symbol AIZ, has over $20 billion in assets and $7 billion in annual revenue. www.assurant.com
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