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Retirement and Other Employee Benefits
 3 Months Ended
Mar. 31, 2026
Defined Benefit Plans and Other Postretirement Benefit Plans Disclosures [Abstract]  
Retirement and Other Employee Benefits Retirement and Other Employee Benefits
The Company and its subsidiaries participate in a non-contributory, qualified defined benefit pension plan (“Assurant Pension Plan”) covering substantially all employees prior to closing to new hires on January 1, 2014. The Company also has various non-contributory, non-qualified supplemental plans covering certain employees, including the Assurant Executive Pension Plan and the Assurant Supplemental Executive Retirement Plan. The qualified and non-qualified plans are referred to as “Pension Benefits” unless otherwise noted. The Pension Benefits were frozen on March 1, 2016.
In addition, until terminated effective December 31, 2024 (the “Termination Date”), the Company provided certain health care benefits for retired employees and their dependents (“Retirement Health Benefits”). Retirement Health Benefits were paid through the Termination Date. The Company will continue to provide certain life benefits for retired employees following termination of the Retirement Health Benefits (together, “Plan Benefits”).
The following table presents the components of net periodic benefit cost for the Pension Benefits and Plan Benefits for the three months ended March 31, 2026 and 2025: 
Qualified Pension Benefits
Unfunded Non-qualified Pension Benefits
Plan Benefits
For the Three Months Ended March 31,
For the Three Months Ended March 31,
For the Three Months Ended March 31,
2026
2025
2026
2025
2026
2025
Interest cost
$
5.6 
$
6.3 
$
0.5 
$
0.6 
$
— 
$
— 
Expected return on plan assets
(9.0)
(9.7)
— 
— 
— 
— 
Amortization of net loss
0.4 
— 
0.3 
0.3 
— 
— 
Settlement loss
— 
— 
— 
— 
— 
2.5 
Net periodic benefit cost
$
(3.0)
$
(3.4)
$
0.8 
$
0.9 
$
— 
$
2.5 
The Assurant Pension Plan funded status was $95.3 million at March 31, 2026 and $96.1 million at December 31, 2025 (based on the fair value of the assets compared to the accumulated benefit obligation). This equates to a 120% and 119% funded status at March 31, 2026 and December 31, 2025. During the three months ended March 31, 2026, no cash was contributed to
the Assurant Pension Plan. Due to the Assurant Pension Plan’s current funded status, no additional cash is expected to be contributed to the Assurant Pension Plan over the remainder of 2026.