Assurant COO Francesca L. Luthi Announces Resignation for Personal Reasons

Assurant COO Francesca L. Luthi has announced her resignation, effective September 15, 2025, for personal reasons. She will continue to support the transition until January 4, 2026. Assurant's Compensation and Talent Committee adjusted her performance stock units to acknowledge her contributions, impacting her vesting schedule and equity awards. The company's stock score reflects strong financial performance and positive earnings call highlights.

Assurant, Inc. (NYSE:AIZ), a $9.4 billion market cap insurance company, announced that Francesca L. Luthi, executive vice president and chief operating officer, has decided to step down from her position for personal reasons, effective September 15, 2025. This information was disclosed in a press release statement filed with the Securities and Exchange Commission [1].

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, 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 [1].

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 [1].

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 [1].

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 [1]. Analysts have maintained positive ratings on Assurant, with Piper Sandler maintaining an Overweight rating and Keefe, Bruyette & Woods adjusting their price target to $225, reflecting confidence in the company’s earnings growth [1].

Assurant has also announced strategic partnerships to expand its market for certified pre-owned electronic devices and provide vehicle protection products across 54 dealerships, reflecting its strategy to leverage its global network and expertise in protection services [1].

References:
[1] https://ph.investing.com/news/sec-filings/assurant-chief-operating-officer-francesca-luthi-to-step-down-in-september-93CH-1906911
[2] https://www.investing.com/news/sec-filings/assurant-chief-operating-officer-francesca-luthi-to-step-down-in-september-93CH-4136641