Assurant Q3 net income up 75% to $153.6M; CEO Colberg to retire, Demmings to succeed

ASSURANT, INC.

2021-Q3 EPS reported $20.52 revenue$7,612,700,000

GAAP net income $153.6M ($2.58 EPS) vs $88.0M ($1.38 EPS) YoY, up 75% and 87% respectively.
Net operating income ex. catastrophes up 4% to $162.1M ($2.73 per diluted share).
CEO Alan Colberg to retire at year-end; president Keith Demmings named incoming CEO.
Holding company liquidity at $1.3B; $361M returned to shareholders via buybacks and dividends.
Reaffirmed 2021 outlook: 10-14% growth in net operating income ex. catastrophes per diluted share.

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