earnings
confidence high
sentiment positive
materiality 0.80
Assurant FY2021 net income up 18%; expects 8-10% adjusted EBITDA growth in 2022
ASSURANT, INC.
2021-FY EPS reported
$22.83
revenue$10,187,600,000
- GAAP net income $613.5M ($10.20/diluted share), up 18% and 24% YoY, respectively.
- Adjusted EBITDA ex-catastrophes $1.11B, up 9%; net operating income ex-cat $672.0M, up 11%.
- Q4 net operating income ex-cat $144.0M ($2.49/diluted share), up 16% and 21% YoY.
- Holding company liquidity $1.05B after Global Preneed sale; share repurchases and dividends totaled $1.0B in 2021.
- FY2022 outlook: 8-10% growth in adjusted EBITDA ex-catastrophes, led by Global Lifestyle and Global Housing.