Obbligazione Securing Corp 4% ( US04621XAF50 ) in USD

Securing Corp

100 USD ▼

Stati Uniti

US04621XAF50 ( in USD )

4% per anno ( pagato 2 volte l'anno)

14/03/2023 - Obbligazione è scaduto

Prospetto opuscolo dell'obbligazione Assurant Inc US04621XAF50 in USD 4%, scaduta

2 000 USD

350 000 000 USD

04621XAF5

BBB ( Lower medium grade - Investment-grade )

Baa3 ( Lower medium grade - Investment-grade )

Assurant Inc. è una società di servizi finanziari che offre prodotti di protezione e soluzioni di gestione dei rischi in diversi settori, tra cui auto, abitazioni, elettronica di consumo e salute.

L'obbligazione con codice ISIN US04621XAF50, emessa da Assurant Inc. negli Stati Uniti, a tasso del 4%, per un ammontare totale di 350.000.000 USD, con scadenza il 14/03/2023, quota minima di 2.000 USD e frequenza di pagamento semestrale, è giunta a scadenza ed è stata rimborsata al 100% del valore nominale, con rating S&P BBB e Moody's Baa3.

424(B)(5)
http://www.sec.gov/Archives/edgar/data/1267238/000119312513126954...
424B5 1 d498516d424b5.htm 424(B)(5)
Table of Contents

Filed Pursuant to Rule 424(b)(5)
Registration No. 333-177777
CALCULATION OF REGISTRATION FEE

Amount of
Maximum Aggregate
Registration
Title of Each Class of Securities Offered

Offering Price

Fee(1)(2)
2.50% Notes Due 2018

$350,000,000

$47,740
4.00% Notes Due 2023

$350,000,000

$47,740
Total

$700,000,000

$95,480

(1) Calculated in accordance with Rule 457(r) under the Securities Act of 1933 as amended (the "Securities Act").
(2)
A registration fee of $95,480 has been paid with respect to this offering.
1 of 76
3/27/2013 9:33 AM

424(B)(5)
http://www.sec.gov/Archives/edgar/data/1267238/000119312513126954...
Table of Contents
Filed Pursuant to Rule 424(b)(5)
Registration No. 333-177777

Prospectus Supplement
(to Prospectus dated November 7, 2011)
$700,000,000
$350,000,000 2.50% Senior Notes due 2018
$350,000,000 4.00% Senior Notes due 2023

We will pay interest on the 2.50% notes due 2018 (the "2018 Notes") and the 4.00% notes due 2023 (the "2023 Notes" and, together with the 2018 Notes, the
"Notes") on March 15 and September 15 of each year, beginning on September 15, 2013. The 2018 Notes will mature on March 15, 2018 and the 2023 Notes will
mature on March 15, 2023. At our option, we may redeem the Notes in whole or in part at any time and from time to time before their maturity at the redemption price
described herein under "Description of Notes--Optional Redemption."
The Notes will be our senior unsecured obligations and will rank equally with all of our other senior unsecured indebtedness from time to time outstanding.

Investing in the Notes involves risks. See the section entitled "Risk Factors" on page S-5 of this prospectus supplement.

Per 2018
Per 2023

Note

Total

Note

Total

Public offering price (1)

99.820%
$349,370,000
99.635%
$348,722,500
Underwriting discounts

0.600%
$ 2,100,000
0.650%
$ 2,275,000
Proceeds to Assurant, Inc. (before expenses)

99.220%
$347,270,000
98.985%
$346,447,500

(1)
Plus accrued interest, if any, from and including March 28, 2013, if settlement occurs after that date.
Neither the Securities and Exchange Commission (the "SEC") nor any state securities commission has approved or disapproved of these securities or
determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
The underwriters expect to deliver the Notes to purchasers through the book-entry delivery system of The Depository Trust Company for the accounts of its
participants, including Clearstream Banking, société anonyme, and Euroclear Bank S.A./N.V., on or about March 28, 2013, against payment in immediately available
funds.

Joint Book-Running Managers

BofA Merrill Lynch
J.P. Morgan

Senior Co-Managers

KeyBanc Capital Markets

US Bancorp

Wells Fargo Securities
Junior Co-Managers

BMO Capital Markets

Goldman, Sachs & Co.

Scotiabank
UMB Financial Services, Inc.

The Williams Capital Group, L.P.
March 25, 2013
2 of 76
3/27/2013 9:33 AM

424(B)(5)
http://www.sec.gov/Archives/edgar/data/1267238/000119312513126954...
Table of Contents
This document consists of two parts. The first part is this prospectus supplement, which describes the terms of this offering of securities. The second part, the
accompanying prospectus, dated November 7, 2011, gives more general information, some of which may not apply to this offering.
No person is authorized to give any information or to make any representations other than those contained or incorporated by reference in this prospectus
supplement or the accompanying prospectus. You must not rely on any unauthorized information or representations. This prospectus supplement and the accompanying
prospectus are an offer to sell the Notes, but only under circumstances and in jurisdictions where it is lawful to do so. The information contained in this prospectus
supplement or the accompanying prospectus, as well as information previously filed with the SEC and incorporated by reference, is current only as of the date of such
information. Our business, financial condition, results of operations and prospects may have changed since that date.
References in this prospectus supplement and the accompanying prospectus to "we," "us," "our" and "the Company" are to Assurant, Inc. and not its subsidiaries,
except where the context otherwise requires.
Except as expressly indicated in this prospectus supplement, amounts in U.S. dollars represent whole dollar amounts, not thousands. This differs from the
convention used in certain of the documents incorporated by reference herein.
TABLE OF CONTENTS

Page
Prospectus Supplement

Incorporation of Certain Documents by Reference

S-ii
Summary

S-1
Risk Factors

S-5
Forward-Looking Statements

S-6
Use of Proceeds

S-8
Ratio of Consolidated Earnings to Fixed Charges

S-8
Capitalization

S-9
Description of Notes

S-10
U.S. Income Tax Consequences

S-13
Benefit Plan Investor Considerations

S-18
Underwriting

S-20
Validity of the Notes

S-23
Experts

S-23

Page
Prospectus

About This Prospectus

i

Forward-Looking Information

ii

About Assurant, Inc.

1

Where You Can Find More Information

2

Risk Factors

4

Use of Proceeds

5

Ratio of Consolidated Earnings to Fixed Charges

5

Description of Debt Securities We May Offer

6

Description of Common Stock We May Offer

22

Description of Preferred Stock and Depositary Shares Representing Preferred Stock We May Offer

25

Description of Warrants We May Offer

31

Description of Stock Purchase Contracts We May Offer

34

Description of Units We May Offer

35

Legal Ownership and Book-Entry Issuance

36

Plan of Distribution

42

Legal Matters

44

Experts

44

S-i
3 of 76
3/27/2013 9:33 AM

424(B)(5)
http://www.sec.gov/Archives/edgar/data/1267238/000119312513126954...
Table of Contents
INCORPORATION OF CERTAIN DOCUMENTS BY REFERENCE
The SEC allows the Company to "incorporate by reference" the information it files with the SEC. This permits us to disclose important information to you by
referencing these filed documents, which are considered part of this prospectus supplement and the accompanying prospectus. Information that we file later with the
SEC will automatically update and supersede this information.
We incorporate by reference the documents set forth below that the Company previously filed with the SEC and any future filings made with the SEC under
Section 13(a), 13(c), 14 or 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), until the offering of the Notes has been completed;
provided that, unless otherwise stated, we will not incorporate by reference any filing that is "furnished" or deemed "furnished" to the SEC. These documents contain
important information about the Company.

· Annual Report on Form 10-K for the fiscal year ended December 31, 2012 filed on February 20, 2013;

· Definitive Proxy Statement on Schedule 14A filed on March 27, 2012; and

· Current Reports on Form 8-K filed on May 15, 2012, September 13, 2012, January 22, 2013, March 18, 2013 and March 21, 2013.
We will provide without charge, upon written or oral request, a copy of any or all of the documents that are incorporated by reference in this prospectus
supplement and the accompanying prospectus. You may obtain these copies by writing to Investor Relations, Assurant, Inc., One Chase Manhattan Plaza, 41st Floor,
New York, New York 10005 or by dialing (212)-859-7000. The information found on our website and the websites of our operating companies is not a part of this
prospectus supplement or the accompanying prospectus.

S-ii
4 of 76
3/27/2013 9:33 AM

424(B)(5)
http://www.sec.gov/Archives/edgar/data/1267238/000119312513126954...
Table of Contents
SUMMARY
This summary contains selected information about us and this offering. Because this is a summary, it may not contain all the information that may be
important to you. You should read this entire prospectus supplement and the accompanying prospectus carefully, including, but not limited to, the information
set forth under "Risk Factors" and our consolidated financial statements and the schedules and related notes and Management's Discussion and Analysis of
Financial Condition and Results of Operations and the other information incorporated by reference into the accompanying prospectus.
The Company
Assurant, Inc. ("Assurant" or the "Company") is a Delaware corporation formed in connection with the initial public offering ("IPO") of its common stock,
which began trading on the New York Stock Exchange on February 5, 2004. Prior to the IPO, Fortis, Inc., a Nevada corporation, formed Assurant and merged into
it on February 4, 2004.
Assurant is a provider of specialized insurance products and related services in North America and select worldwide markets. Our four operating segments
--Assurant Solutions, Assurant Specialty Property, Assurant Health, and Assurant Employee Benefits--partner with clients who are leaders in their industries and
build leadership positions in a number of specialty insurance market segments. These segments provide debt protection administration, credit-related insurance,
warranties and service contracts, pre-funded funeral insurance, solar project insurance, lender-placed homeowners insurance, renters insurance and related
products, manufactured housing homeowners insurance, individual health and small employer group health insurance, group dental insurance, group disability
insurance, and group life insurance.
Assurant's mission is to be the premier provider of specialized insurance products and related services in North America and select worldwide markets. To
achieve this mission, we focus on the following areas:
Building and maintaining specialty insurance businesses--Our four operating segments are focused on serving specific sectors of the insurance market.
We believe that the diversity of our businesses helps us to maintain financial stability because our businesses will generally not be affected in the same way by the
same economic and operating trends.
Leveraging a set of core capabilities for competitive advantage--We pursue a strategy of building leading positions in specialized market segments for
insurance products and related services by applying our core capabilities to create competitive advantages--managing risk; managing relationships with large
distribution partners; and integrating complex administrative systems. These core capabilities represent areas of expertise that are advantages within each of our
businesses. We seek to generate attractive returns by building on specialized market knowledge, well-established distribution relationships and, in some
businesses, economies of scale.
Managing targeted growth initiatives--Our approach to mergers, acquisitions and other growth opportunities reflects our prudent and disciplined
approach to managing our businesses. Our mergers, acquisitions and business development process targets new business that complements or supports our existing
business model.
Identifying and adapting to evolving market needs--Assurant's businesses strive to adapt to changing market conditions by tailoring product and service
offerings to specific customer and client needs. By understanding consumer dynamics in our core markets, we seek to design innovative products and services that
will enable us to sustain long-term profitable growth and market leading positions.

S-1
5 of 76
3/27/2013 9:33 AM

424(B)(5)
http://www.sec.gov/Archives/edgar/data/1267238/000119312513126954...
Table of Contents
Principal Executive Offices
Our principal executive offices are located at One Chase Manhattan Plaza, 41st Floor, New York, New York 10005. Our telephone number is
(212) 859-7000.
Recent Developments
On March 21, 2013, the Company and two of its wholly owned subsidiaries, American Security Insurance Company ("ASIC") and American Bankers
Insurance Company of Florida ("ABIC"), reached an agreement with the New York Department of Financial Services (the "NYDFS") regarding the Company's
lender-placed insurance business in the State of New York.
Under the terms of the agreement, ASIC and ABIC, both part of Assurant Specialty Property, will:

· Make a $14 million settlement payment to the NYDFS (such payment to be made by ASIC), without admitting or denying any wrongdoing;

· Modify certain business practices in accordance with new regulations expected to be issued by the NYDFS that will apply to all New York-licensed

lender-placed insurers of properties in the state;

· File their new lender-placed program and new rates in New York; and

· Establish a refund opportunity program to be administered by an independent third party, through which New York property owners with ASIC or

ABIC policies issued on or after January 1, 2008 may be eligible, for a 90-day period and upon meeting specific criteria, for a refund of a portion of
premiums they paid.
2012 net earned premiums for New York lender-placed hazard and real estate owned policies were approximately $79 million.
The agreement with the NYDFS does not resolve other matters relating to lender-placed insurance in other states or with private plaintiffs. As previously
disclosed, the Company is involved in a variety of legal and regulatory actions relating to its current and past business operations, both as a plaintiff and a
defendant, and may from time to time become involved in other such actions. In particular, the Company is a defendant in class actions in numerous jurisdictions
regarding its lender-placed insurance programs for hazard, flood and wind. These cases allege a variety of claims under a number of legal theories. The plaintiffs
seek premium refunds and other relief. The Company continues to vigorously defend these actions. Although the Company cannot predict the outcome of any action,
it is possible that such outcome could have a material adverse effect on the Company's consolidated results of operations or cash flows for an individual reporting
period. However, based on currently available information, management does not believe that any pending matter is likely to have a material adverse effect,
individually or in the aggregate, on the Company's financial condition.

S-2
6 of 76
3/27/2013 9:33 AM

424(B)(5)
http://www.sec.gov/Archives/edgar/data/1267238/000119312513126954...
Table of Contents
The Offering

Issuer
Assurant, Inc.

Notes offered
$350,000,000 aggregate principal amount of 2.50% senior notes due 2018 and $350,000,000
aggregate principal amount of 4.00% senior notes due 2023.

Maturity dates
March 15, 2018 for the 2018 Notes, unless earlier redeemed or repurchased. March 15, 2023 for the
2023 Notes, unless earlier redeemed or repurchased.

Interest rates
The 2018 Notes will bear interest at the rate of 2.50% per year and the 2023 Notes will bear interest
at the rate of 4.00% per year. In each case, interest will be payable semi-annually in arrears on
March 15 and September 15 of each year, beginning September 15, 2013.

Ranking
The Notes will be senior unsecured obligations of Assurant, Inc. and will rank equally with all of
our other senior unsecured indebtedness from time to time outstanding.

Additional notes
We may, without the consent of the noteholders, issue additional notes having the same ranking and
the same interest rate, maturity and other terms as the Notes offered by this prospectus supplement.
Any such additional notes will be a part of the series having the same terms as the Notes.

Sinking fund
None.

Optional redemption
At our option, we may redeem each series of Notes in whole or in part at any time and from time to
time before their maturity at the redemption price described herein under "Description of Notes--
Optional Redemption."

Use of proceeds
We estimate that the net proceeds from the sale of the Notes will be approximately $693,217,500,
after deducting underwriting discounts and the estimated offering expenses payable by us. We expect
to use the net proceeds of this offering for general corporate purposes, including the repayment of our
$500,000,000 of senior notes maturing in 2014.

Listing
We do not intend to list the Notes on any national securities exchange. The Notes will be new
securities for which there is currently no public market.

Governing law
The Notes and the indenture will be governed by the laws of the State of New York.

Trustee
U.S. Bank National Association.

S-3
7 of 76
3/27/2013 9:33 AM

424(B)(5)
http://www.sec.gov/Archives/edgar/data/1267238/000119312513126954...
Table of Contents
Risk factors
Investing in the Notes involves risks. See the sections titled "Risk Factors" on page S-5 of this
prospectus supplement, as well as in our Annual Report on Form 10-K for the year ended December
31, 2012, which is incorporated by reference into this prospectus supplement and the accompanying
prospectus, for a discussion of factors you should consider carefully before deciding to invest in the
Notes.

Denominations and form
We will issue the Notes in the form of one or more fully registered global notes registered in the
name of the nominee of The Depository Trust Company, or DTC. Beneficial interests in the Notes
will be represented through book-entry accounts of financial institutions acting on behalf of
beneficial owners as direct and indirect participants in DTC. Clearstream Banking, société
anonyme, and Euroclear Bank S.A./N.V., as operator of the Euroclear System, will hold interests on
behalf of their participants through their respective U.S. depositaries, which in turn will hold such
interests in accounts as participants of DTC. Except in the limited circumstances described in this
prospectus supplement, owners of beneficial interests in the Notes will not be entitled to have Notes
registered in their names, will not receive or be entitled to receive Notes in definitive form and will
not be considered holders of Notes under the indenture. The Notes will be issued only in
denominations of $2,000 and integral multiples of $1,000 in excess thereof.

S-4
8 of 76
3/27/2013 9:33 AM

424(B)(5)
http://www.sec.gov/Archives/edgar/data/1267238/000119312513126954...
Table of Contents
RISK FACTORS
Investing in the Notes involves risks. In considering whether you should invest in the Notes, you should consider all of the information we have included or
incorporated by reference in this prospectus supplement and the accompanying prospectus. In particular, you should carefully consider the risk factors described
below, as well as in our Annual Report on Form 10-K for the year ended December 31, 2012 under "Item 1A. Risk Factors."
We could incur significant additional indebtedness in the future, which could impair our ability to make payments under the Notes.
As of December 31, 2012, Assurant, Inc. had long-term debt totaling $972 million, all of which was at the level of the parent company. In addition, the Notes and
the indenture governing the Notes generally do not contain restrictive covenants, such as a limitation on the payments of dividends, the incurrence of indebtedness or the
issuance or repurchase of securities by us. Thus, we may incur substantial additional indebtedness in the future, which could affect our ability to make payments under
the Notes.
Holders of Notes have only limited rights of acceleration.
Holders of Notes may accelerate payment of the principal and accrued and unpaid interest on the Notes only upon the occurrence and continuation of an event of
default. An event of default is generally limited to payment defaults, breaches of specific covenants and specific events of bankruptcy, insolvency and reorganization
relating to us.
If an active trading market does not develop for the Notes, you may not be able to resell your notes.
There is no established trading market for the Notes. We cannot assure you that an active market for the Notes will develop or be sustained or that holders of the
Notes will be able to sell their Notes at favorable prices or at all. Although the underwriters have indicated to us that they intend to make a market in the Notes, as
permitted by applicable laws and regulations, they are not obligated to do so and may discontinue any such market-making at any time without notice. Accordingly, no
assurance can be given as to the liquidity of, or trading markets for, the Notes. We do not expect to list the Notes on any national securities exchange or include them on
any automated quotation system. The liquidity of any market for the Notes will depend upon various factors, including:

· the number of holders of the Notes;

· the interest of securities dealers in making a market for the Notes;

· the overall market for investment grade securities;

· our financial performance and prospects; and

· the prospects for companies in our industry generally.
In addition, the liquidity of the trading market in the Notes, and the market price quoted for the Notes, may be adversely affected by changes in the overall market
for fixed income securities generally. As a result, an active trading market may not develop for the Notes. If no active trading market develops, you may not be able to
resell your Notes at a price that reflects accrued and unpaid interest, if at all.

S-5
9 of 76
3/27/2013 9:33 AM

424(B)(5)
http://www.sec.gov/Archives/edgar/data/1267238/000119312513126954...
Table of Contents
FORWARD-LOOKING STATEMENTS
Some of the statements included in this prospectus supplement and the accompanying prospectus and the documents incorporated by reference therein,
particularly those anticipating future financial performance, business prospects, growth and operating strategies and similar matters, are forward-looking statements
within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. You can identify these statements by the fact that they may use words such as "will,"
"may," "anticipates," "expects," "estimates," "projects," "intends," "plans," "believes," "targets," "forecasts," "potential," "approximately," or the negative version of
those words and other words and terms with a similar meaning. Any forward-looking statements contained in this prospectus supplement, the accompanying prospectus
and the documents incorporated by reference therein are based upon our historical performance and on current plans, estimates and expectations. The inclusion of this
forward-looking information should not be regarded as a representation by us or any other person that the future plans, estimates or expectations contemplated by us
will be achieved. Our actual results might differ materially from those projected in the forward-looking statements. The Company undertakes no obligation to update or
review any forward-looking statement, whether as a result of new information, future events or other developments.
The following risk factors could cause our actual results to differ materially from those currently estimated by management:

· actions by governmental agencies or government sponsored entities or other circumstances, including pending regulatory matters affecting our lender-

placed insurance business, that could result in reductions of the premium rates we charge, increases in the claims we pay, fines or penalties, or other
expenses;

· the effects of the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010, and the rules and regulations

thereunder on our health and employee benefits businesses;

· loss of significant client relationships, distribution sources and contracts;

· unfavorable outcomes in litigation and/or regulatory investigations that could negatively affect our business and reputation;

· current or new laws and regulations that could increase our costs and decrease our revenues;

· a decline in our credit or financial strength ratings (including the risk of ratings downgrades in the insurance industry);

· deterioration in the Company's market capitalization compared to its book value that could result in further impairment of goodwill;

· risks related to outsourcing activities;

· failure to attract and retain sales representatives or key managers;

· losses due to natural or man-made catastrophes;

· general global economic, financial market and political conditions (including difficult conditions in financial, capital, credit and currency markets, the

global economic slowdown, fluctuations in interest rates or a prolonged period of low interest rates, monetary policies, unemployment and inflationary
pressure);

· inadequacy of reserves established for future claims;

· failure to predict or manage benefits, claims and other costs;

· uncertain tax positions and unexpected tax liabilities;

S-6
10 of 76
3/27/2013 9:33 AM