other material
confidence high
sentiment positive
materiality 0.70
Assurant guides 8-10% adjusted EBITDA growth in 2022, $2.9B cash generation target through 2024
ASSURANT, INC.
- 2022 outlook: adjusted EBITDA growth 8-10% (excl. reportable catastrophes); adjusted EPS growth 16-20%.
- 2023-2024 objectives: 10% avg annual adjusted EBITDA growth; 12%+ avg annual adjusted EPS growth.
- Expects ~$2.9B in segment cash generation over three years, ~75% of segment adjusted EBITDA.
- New metrics: adjusted EPS (excl. catastrophes) and global mobile devices serviced; segment profitability now Adjusted EBITDA.