earnings
confidence low
sentiment positive
materiality 0.75
Assurant raises 2024 outlook; sees low double-digit EBITDA growth, mid- to high-teens EPS ex-cat
ASSURANT, INC.
2024-Q3 EPS reported
$10.60
revenue$8,772,700,000
- Year-to-date double-digit earnings growth led by Global Housing outperformance and expense discipline.
- Q3 Global Housing revenues grew; Global Lifestyle in line with expectations, with continued Connected Living investments.
- 2024 outlook raised: Adjusted EBITDA +low double digits, Adj. EPS +mid- to high-teens, both excluding catastrophes.
- Expects to return $300 million in share repurchases in 2024, reflecting strong capital position.