Loading...
•
Sep 30
Assurant Q3 2025 Earnings Report
Assurant delivered a strong Q3 2025 with doubled net income and robust growth in adjusted EPS and EBITDA, driven by improved performance across Global Housing and Lifestyle.
Key Takeaways
Assurant reported significant earnings growth in Q3 2025, with net income nearly doubling and strong performance across Global Housing and Global Lifestyle segments, driven by favorable loss experience and lower catastrophe losses.
GAAP net income rose 99% to $265.6 million due to lower catastrophe losses and segment growth.
Adjusted EBITDA surged 75% to $431.5 million; excluding catastrophes, it grew 13%.
Adjusted EPS excluding catastrophes rose to $5.76, up from $5.08 in Q3 2024.
Global Housing saw a 177% increase in Adjusted EBITDA, supported by favorable non-cat loss experience and policy growth.
Assurant
Assurant
Assurant Revenue by Segment
Revenue by Segment
Global Lifestyle Revenue
CapyFin.comGlobal Housing Revenue
CapyFin.com Forward Guidance
Assurant raised its full-year 2025 outlook, now expecting low double-digit growth in adjusted EPS and nearly 10% growth in adjusted EBITDA, both excluding catastrophes.
Positive Outlook
- Adjusted EBITDA ex-catastrophes expected to grow ~10%.
- Global Lifestyle to benefit from Connected Living and Automotive expansion.
- Global Housing expected to deliver strong growth ex-catastrophes.
- Holding company liquidity remains strong at $613 million.
- Aggressive capital return strategy with $300 million buyback target.
Challenges Ahead
- Higher effective tax rate impacted net income growth.
- Corporate and Other segment incurred a $31.6 million EBITDA loss.
- Lower favorable prior-period reserve development in Global Housing vs. Q3 2024.
- Investment income declined in Corporate segment.
- Currency exchange impact slightly reduced growth metrics.