Assurant Earnings Call Transcripts
Fiscal Year 2026
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Record Q2 earnings were driven by strong growth in Global Lifestyle and Housing, with adjusted EBITDA up 18% and EPS up 19% year-over-year, both excluding catastrophes. Full-year guidance was raised, with underlying growth expected at 10% and share repurchases at the upper end of the target range.
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The meeting covered strong financial results, board changes, and approval of key motions, with continued focus on innovation and shareholder value. The shareholder proposal for written consent was not approved, while dividends were raised for the 21st year.
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First quarter delivered record results with double-digit growth in Global Lifestyle and Automotive, strong capital returns, and an increased full-year outlook. Robust performance was driven by new client wins, expanded partnerships, and continued innovation.
Fiscal Year 2025
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Delivered double-digit adjusted EBITDA and EPS growth in 2025, with strong performance in Global Lifestyle and Housing. Entered the home warranty market, increased capital returns, and guided for continued growth in 2026, led by high single-digit expansion in Lifestyle.
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Double-digit earnings growth in both Global Housing and Global Lifestyle drove strong Q3 results, with year-to-date Adjusted EBITDA up 13% and adjusted EPS up 15%, both excluding catastrophes. The 2025 outlook was raised, with continued investments in innovation, new partnerships, and capital returns to shareholders.
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Q2 2025 saw double-digit growth in adjusted EBITDA and EPS, driven by strong Global Housing and Lifestyle results. Full-year guidance was raised, with robust cash flow supporting increased share repurchases and continued investment in technology and acquisitions.
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Strong Q1 results with 14% adjusted EBITDA and 16% adjusted EPS growth, driven by Global Housing and strategic investments. Outlook for 2025 remains positive, with increased guidance for housing and continued capital returns to shareholders.
Fiscal Year 2024
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Delivered 15% adjusted EBITDA and 19% adjusted EPS growth in 2024, excluding CATs, with strong performance across all segments and robust capital returns. 2025 guidance calls for modest adjusted EBITDA and EPS growth, with continued investment in technology and client partnerships.
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Adjusted EBITDA and EPS grew strongly year-to-date, led by Global Housing and Connected Living, despite investments and FX headwinds. Full-year guidance was raised, with continued growth expected in 2025 as investments sunset and new client launches contribute. Shareholder returns and capital position remain robust.
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Strong first half 2024 results drove increased full-year guidance, with Global Housing leading growth and Connected Living showing momentum. Inflation and GAP losses pressured auto, but rate actions and risk transitions are expected to improve results. Capital position supports higher share repurchases.