Assurant Q3 GAAP net income $7M, down 95% YoY; revises 2022 outlook lower

ASSURANT, INC.

2022-Q3 EPS reported $3.78 revenue$7,540,200,000

GAAP net income $7M ($0.14 diluted EPS) vs $151M ($2.54) in Q3 2021.
Adjusted EBITDA fell to $116M from $169M; ex-catastrophes $240M vs $270M.
Global Lifestyle adjusted EBITDA $166M; Global Housing posted ($25M) adjusted EBITDA.
Reportable catastrophes $124M in Q3 2022 vs $102M a year ago.
Full-year 2022 outlook for adjusted EBITDA and adjusted EPS, ex-catastrophes, revised downward.

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