Assurant (AIZ) Tops Q1 EPS by 63c

Assurant (NYSE: AIZ) reported Q1 EPS of $5.95, $0.63 better than the analyst estimate of $5.32. Revenue for the quarter came in at $3.42 billion versus the consensus estimate of $3.3 billion.

2026 Company Outlook6

Note: Some of the metrics included within the company’s outlook are non-GAAP financial measures and the company believes that it cannot, without unreasonable efforts, forecast certain information needed to reconcile to the GAAP measures, the probable significance of which cannot be determined. More information can be found in the Non-GAAP Financial Measures section.

Based on current macroeconomic conditions, the company now expects the following:

• Adjusted EBITDA, excluding reportable catastrophes6, now expected to increase low single digits.
  • Global Lifestyle Adjusted EBITDA now expected to increase by approximately 10 percent with contributions from Connected Living and Global Automotive.
  • Global Housing Adjusted EBITDA, excluding reportable catastrophes6, now expected to decline only modestly.
  • Corporate and Other Adjusted EBITDA loss to approximate $140 million, reflecting organic investments in our Home Warranty business.

• Adjusted earnings, excluding reportable catastrophes, per diluted share6, now expected to increase low single digits. The company now expects depreciation expense of approximately $180 million and an effective tax rate of approximately 19 to 21 percent, and continues to expect interest expense of approximately $113 million and amortization of purchased intangible assets of approximately $70 million.

• Capital deployment priorities to focus on maintaining a strong, flexible financial position, supporting business growth by funding organic investments and M&A, and returning capital to shareholders through common stock dividends and share repurchases, subject to Board approval.

For earnings history and earnings-related data on Assurant (AIZ) click here.

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