earnings
confidence medium
sentiment positive
materiality 0.70
Assurant raises 2023 outlook to high single-digit growth; resumes share repurchases
ASSURANT, INC.
2023-Q2 EPS reported
$5.01
revenue$5,374,400,000
- 2023 adjusted EBITDA and EPS outlook raised to high single-digit growth, excluding catastrophes.
- Global Housing delivered significant top-line growth and improved loss experience in Q2.
- Global Lifestyle results declined YoY due to elevated Global Automotive claims and lower Japan contributions.
- Resumed share repurchases in Q2 2023; continued activity expected for remainder of year.
- CEO Keith Demmings cited strong year-to-date performance and momentum for second-half 2023.