Assurant Q2 net income down 72% YoY; revises 2022 adjusted EBITDA and EPS growth outlook lower

ASSURANT, INC.

2022-Q2 EPS reported $3.61 revenue$4,992,400,000

Q2 GAAP net income $52.2M ($0.95 diluted EPS) vs $187.1M ($3.05) a year ago.
Adjusted EBITDA $257.1M, down 14% YoY; adjusted EPS $2.95, down 9%.
Global Housing weighed down by higher inflationary costs, partially offset by Global Lifestyle momentum.
Revised 2022 outlook: adjusted EBITDA growth 3-6% and adjusted EPS growth 14-18%, both excluding catastrophes.
CEO initiated actions to manage near-term macro volatility and position for long-term success.

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