Assurant expects $50M pre-tax catastrophe losses in Q1 2023 from severe weather events

ASSURANT, INC.

Global Housing segment expects ~$50M pre-tax ($39M after-tax) catastrophe losses in Q1 2023.
Losses primarily from lender-placed products due to wind, hail, and tornado events, including late March storms.
Reportable catastrophes include individual events exceeding $5M pre-tax, net of reinsurance and profit sharing.
Full Q1 2023 results to be reported after market close on May 2, 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

ASSURANT, INC. updated its first quarter 2023 guidance (initiated).

Period: first quarter 2023
Guidance: initiated
Result: guidance update

Exact text from the filing

Assurant, Inc. (the “Company”) announced today that it expects its Global Housing segment to record approximately $50 million pre-tax, or $39 million after-tax, of reportable catastrophes for first quarter 2023.

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Source: SEC EDGAR

accession 0001267238-23-000023

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