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Dec 31, 2024
Assurant Q4 2024 Earnings Report
Key Takeaways
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%.
Forward Guidance
Assurant expects modest growth in Adjusted EBITDA and EPS in 2025, with strong performance from Connected Living and Global Automotive, but a modest decline in Global Housing EBITDA due to prior-year favorable development.
Positive Outlook
- Expected growth in Connected Living and Global Automotive revenue.
- Continued investment in product innovation and new client programs.
- Strong liquidity position for strategic capital allocation.
- Cost efficiency initiatives to support long-term profitability.
- High-single-digit growth expected in Adjusted EPS excluding prior-year development.
Challenges Ahead
- Global Housing Adjusted EBITDA expected to decline modestly.
- Potential impact from macroeconomic factors such as tariffs and inflation.
- Higher reinsurance costs affecting margins in the housing segment.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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