other material
confidence high
sentiment negative
materiality 0.70
Assurant sees Q3 catastrophe losses up to $50M pre-tax; Miami office sale uncertain
ASSURANT, INC.
- Less than $50M pre-tax catastrophe losses for Q3 2023; over half from Hurricane Idalia, remainder from Hawaii wildfires.
- Potential sale of Miami office property; expects gain above $44.4M carrying value, but transaction is highly uncertain.
- Q3 2023 results to be reported on October 31, 2023 after market close.