other material
confidence high
sentiment negative
materiality 0.80
Assurant expects ~$138M pre-tax catastrophe losses in Q3 2024, led by Hurricane Helene
ASSURANT, INC.
- Expects ~$138M pre-tax (~$109M after-tax) catastrophe losses for Q3 2024, primarily in Global Housing segment.
- $92M pre-tax from Hurricane Helene; other hurricanes (Beryl, Debby, Francine) contributed to remainder.
- Hurricane Milton expected to be a reportable catastrophe in Q4 2024.
- Company will provide additional details during Q3 2024 earnings call on Nov 6, 2024.