Assurant Earnings Reports

Assurant reported strong Q4 2024 results, with a 10% increase in GAAP net income, driven by solid Global Housing performance and a lower impact from foreign exchange fluctuations. Adjusted EPS grew 5% year-over-year, and revenue increased 5%.

Assurant reported a decrease in GAAP net income to $133.8 million, but an increase in Adjusted EBITDA, excluding reportable catastrophes, to $385.1 million. The company is increasing its 2024 outlook and expects Adjusted EBITDA to increase low double-digits and Adjusted earnings per share to increase mid- to high-teens, both excluding reportable catastrophes.

Assurant reported a 21% increase in GAAP net income to $188.7 million and a 23% increase in net income per diluted share to $3.58 compared to the prior year period. Adjusted EBITDA, excluding reportable catastrophes, increased 10% to $369.1 million. Given the strong year-to-date performance, the company is increasing its 2024 enterprise outlook.

Assurant's first quarter performance showed a strong start to 2024, with Global Housing delivering exceptional results and continued momentum in the U.S. Connected Living business within Global Lifestyle. GAAP net income increased by 108 percent to $236.4 million, and adjusted EBITDA, excluding reportable catastrophes, increased by 31 percent to $383.7 million.

Assurant reported exceptionally strong results in 2023, marking its seventh consecutive year of profitable growth. The company's success was driven by a focus on strategic, financial, and operational outperformance, strengthening its competitive positioning and creating shareholder value. Earnings growth is expected to continue into 2024.

Assurant reported exceptionally strong results for Q3 2023, outperforming expectations. Global Housing's top-line momentum and improving loss experience, combined with Global Lifestyle's growing U.S. mobile business, produced significant year-over-year earnings growth.

Assurant's Q2 2023 results were driven by significant top-line growth and improving loss experience in Global Housing. The company is increasing its 2023 outlook and expects Adjusted EBITDA and Adjusted earnings per share, both excluding catastrophes, to increase high single-digits.

Assurant reported first quarter results with stronger than expected performance in Global Housing and improved Global Lifestyle results. The company reaffirms its 2023 outlook and expects to resume share repurchases later in the second quarter.

Assurant reported strong fourth quarter segment results, demonstrating a focus on driving outperformance over the long term. The company streamlined its real estate footprint and increased efficiency in its organizational structure, while strengthening the business through targeted investments.

Assurant's Q3 2022 results showed a decline in GAAP net income and adjusted EBITDA compared to the prior year, but revenue increased slightly. The company is implementing actions to simplify its business and improve expense efficiency.

Assurant's Q2 2022 results were impacted by higher-than-expected costs in Global Housing due to the current inflationary environment, but were pleased by the continued earnings growth momentum of services-oriented businesses in Global Lifestyle. The company has revised its full-year outlook for 2022 and remains confident that its combined Lifestyle and Housing business portfolio will continue to deliver attractive profitable growth, strong cash flow generation and superior shareholder returns relative to the broader market.

Assurant reported first quarter results with strong performance in Global Lifestyle, particularly from Connected Living and Global Automotive. While Global Housing results were weaker, the company reaffirmed its 2022 outlook for Adjusted EBITDA and Adjusted EPS, both excluding catastrophes.

Assurant reported strong Q4 2021 results, with double-digit earnings growth led by Global Lifestyle and significant capital return. The company delivered its fifth consecutive year of profitable growth and enhanced its value proposition to clients and customers.

Assurant reported strong Q3 2021 results, with net income increasing by 75% and net operating income, excluding reportable catastrophes, up by 4%. The company reaffirmed its 2021 outlook, expecting EPS growth, excluding catastrophes, of 10 to 14 percent.

Assurant reported a strong second quarter with net income increasing by 12 percent and net operating income, excluding reportable catastrophes, up by 12 percent. The company reaffirmed its 2021 outlook of 10 to 14 percent growth in net operating income, excluding reportable catastrophes, per diluted share.

Assurant reported stronger than expected first quarter results, driven by favorable loss experience in specialty P&C products and growth in Global Automotive, Multifamily Housing, and Connected Living businesses. The company increased its 2021 outlook to deliver double-digit EPS growth, excluding catastrophes.

Assurant's Q4 2020 results showed a net income of $134.5 million, or $2.23 per diluted share, compared to $122.9 million, or $1.98 per diluted share in Q4 2019. Net operating income decreased to $109.1 million, or $1.82 per diluted share, compared to $139.9 million, or $2.25 per diluted share in the prior year, primarily due to higher reportable catastrophes.

Assurant reported a net loss of $34.9 million, or $0.58 per share, compared to a net loss of $59.5 million, or $0.96 per share, in the prior year period. Net operating income was $84.8 million, or $171.8 million excluding reportable catastrophes. The company is raising its 2020 outlook to 17 to 21 percent growth in net operating income per share, excluding catastrophe losses.

Assurant reported strong second-quarter results, demonstrating business resilience and stability. Net income increased by 24 percent, and net operating income, excluding reportable catastrophes, rose by 24 percent. The company reinstated and raised its 2020 outlook, expecting 12 to 16 percent growth in net operating income per share, excluding catastrophe losses.

Assurant reported solid first-quarter results largely unaffected by COVID-19, with net income of $150.0 million and net operating income of $163.1 million. The company has suspended its 2020 outlook due to the ongoing uncertainty related to the COVID-19 pandemic.

Assurant's Q4 2019 net income was $122.9 million, or $1.98 per share, compared to $20.3 million, or $0.32 per diluted share in Q4 2018. Net operating income increased to $139.9 million, compared to $48.9 million in Q4 2018.