Assurant chief operating officer Francesca Luthi to step down in September

Assurant , Inc. (NYSE:AIZ), a $9.4 billion market cap insurance company with a "GOOD" financial health rating according to InvestingPro, announced that Francesca L. Luthi, executive vice president and chief operating officer, has notified the company of her decision to step down from her position for personal reasons, effective September 15, 2025. The information was disclosed in a press release statement filed with the Securities and Exchange Commission.

According to the filing, Ms. Luthi will continue to provide transition support to the company until January 4, 2026. On July 11, 2025, the Compensation and Talent Committee of Assurant amended the terms of Ms. Luthi’s 2023-2025 performance stock units. Under the revised arrangement, she will be required to remain employed through December 31, 2025, instead of the previously stipulated date of March 16, 2026, in order to be eligible for the performance stock units. The vesting of these units will remain subject to the company’s performance as outlined in the original award agreement.

The filing also states that Ms. Luthi will forfeit her restricted stock units that would have vested on March 16, 2026, as well as all other unvested equity awards. Other aspects of her compensation and benefits will remain as described in Assurant’s 2025 Proxy Statement filed on April 8, 2025.

Assurant’s common stock and 5.25% subordinated notes due 2061 are listed on the New York Stock Exchange under the symbols (NYSE:AIZ) and (NYSE:AIZN), respectively.

This article is based on a press release statement filed with the SEC.

In other recent news, Assurant Inc. reported a strong start to 2025, with first-quarter earnings per share (EPS) of $5.79, significantly exceeding the forecasted $2.84. The company’s revenue, however, came in slightly below expectations at $3.07 billion against a forecast of $3.08 billion. In analyst updates, Piper Sandler maintained an Overweight rating on Assurant, highlighting potential for a guidance increase due to positive developments in the company’s Global Auto segment. Keefe, Bruyette & Woods also adjusted their price target for Assurant shares to $225, reaffirming an Outperform rating, reflecting confidence in the company’s earnings growth.

Assurant recently announced a strategic partnership with Plug to expand the market for certified pre-owned electronic devices, enhancing access to affordable, refurbished smartphones and other electronics. Additionally, Assurant partnered with Ciocca Automotive to provide vehicle protection products across 54 dealerships, aiming to improve the purchasing experience for new and used vehicle customers. This collaboration includes in-dealership training and compliance support for Ciocca’s staff. These partnerships reflect Assurant’s strategy to leverage its global network and expertise in protection services to drive growth across its business segments.

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