other material
confidence high
sentiment negative
materiality 0.75
Assurant expects ~$99M pre-tax catastrophe losses in Q3 2021; Hurricane Ida accounts for $87M
ASSURANT, INC.
- Reportable catastrophes in Global Housing segment of about $99M pre-tax ($78M after-tax) for Q3 2021.
- Hurricane Ida caused $87M pre-tax loss, reaching the $80M pre-tax per-event retention.
- Wildfires in California contributed to the remainder of losses.
- Per-event retention for second and third events lowers to $55M for hurricane and earthquake perils.
- Q3 2021 results scheduled for November 2, 2021.