Highest-materiality recent filing
Assurant reports record Q1: Adj. EPS $5.95 (+76% YoY); raises FY outlook
Q1 GAAP net income of $274.1M ($5.41 diluted EPS) vs $146.6M ($2.83) in Q1 2025, up 87%.
Assurant reports Q4 and full year 2025 earnings with double-digit growth
Q4 GAAP net income $225.2M, up 12% YoY; diluted EPS $4.41, up 14%
Assurant Q3 GAAP EPS $5.17, adj EPS $5.73; raises full-year outlook
GAAP net income $265.6M ($5.17 diluted EPS) vs $133.8M ($2.55) in Q3 2024, up 99%.
Assurant Q2 adj EPS $5.10 (+25% YoY); raises FY outlook for ~10% adj EPS growth ex-cat
GAAP net income $235.3M ($4.56/diluted share), up 25% vs Q2'24; 6M net income $381.9M.
Assurant sells Miami campus for $126M; Q4 cat losses ~$50M pre-tax, better than prior view
Sale of Miami campus by subsidiary American Bankers Life to GPC Miami Business Park for $126M.
Assurant raises 2024 outlook; sees low double-digit EBITDA growth, mid- to high-teens EPS ex-cat
Year-to-date double-digit earnings growth led by Global Housing outperformance and expense discipline.
Assurant expects ~$138M pre-tax catastrophe losses in Q3 2024, led by Hurricane Helene
Expects ~$138M pre-tax (~$109M after-tax) catastrophe losses for Q3 2024, primarily in Global Housing segment.
Assurant raises 2024 outlook; Q2 earnings strong with Global Housing growth
Q2 2024 earnings and EPS grew strongly; performance led by Global Housing segment.
Assurant expects Q2 2024 Global Housing catastrophe losses of ~$46M pre-tax
Approximately $46M pre-tax ($36M after-tax) in reportable catastrophe losses for Q2 2024.
Assurant reports strong 2023 results, expects continued profitable growth in 2024
Seventh consecutive year of profitable growth; led by Global Housing.
Assurant appoints Keith Meier CFO, Francesca Luthi COO; prior CFO Dziadzio departs
Keith Meier named EVP, CFO effective Nov 15, 2023; base salary $730k, target bonus 120%, one-time equity $1M (75% PSU, 25% RSU).
Assurant board authorizes $600M share repurchase and raises quarterly dividend 3%
Board authorized $600M additional share repurchase program, supplementing ~$174M remaining.
Assurant raises 2023 outlook; Q3 earnings strong on Global Housing and Lifestyle growth
Company raises 2023 outlook to mid- to high-teens adjusted EBITDA growth and adjusted EPS growth exceeding that, both excluding catastrophes.
Assurant sees Q3 catastrophe losses up to $50M pre-tax; Miami office sale uncertain
Less than $50M pre-tax catastrophe losses for Q3 2023; over half from Hurricane Idalia, remainder from Hawaii wildfires.
Assurant raises 2023 outlook to high single-digit growth; resumes share repurchases
2023 adjusted EBITDA and EPS outlook raised to high single-digit growth, excluding catastrophes.
Assurant places ~$1.3B in 2023 catastrophe reinsurance; retention $125M per event
U.S. program provides ~$1.28B loss coverage in excess of $125M retention (drops to $100M for 2nd/3rd event).
Global Lifestyle delivered high single-digit growth in 2022.
Pre-tax restructuring charges of $60M-$65M, with $51M-$56M in Q4 2022 and remainder in 2023.
Assurant Q3 GAAP net income $7.3M (-95% YoY); adjusted EBITDA $116M (-31%)
GAAP net income $7.3M, diluted EPS $0.14 vs $2.54 YoY.
Assurant Q3 GAAP net income $7M, down 95% YoY; revises 2022 outlook lower
GAAP net income $7M ($0.14 diluted EPS) vs $151M ($2.54) in Q3 2021.
Assurant Q2 net income down 72% YoY; revises 2022 adjusted EBITDA and EPS growth outlook lower
Q2 GAAP net income $52.2M ($0.95 diluted EPS) vs $187.1M ($3.05) a year ago.
Assurant finalizes 2022 cat reinsurance: $1.16B coverage, $80M retention per event
U.S. program provides $1.16B of coverage in excess of $80M retention per event; combined with FL fund up to ~$1.34B.
GAAP net income $145.5M ($2.59 diluted EPS); adjusted EBITDA $299M (+16% YoY).
Assurant guides 8-10% adjusted EBITDA growth in 2022, $2.9B cash generation target through 2024
2022 outlook: adjusted EBITDA growth 8-10% (excl. reportable catastrophes); adjusted EPS growth 16-20%.
Assurant FY2021 net income up 18%; expects 8-10% adjusted EBITDA growth in 2022
GAAP net income $613.5M ($10.20/diluted share), up 18% and 24% YoY, respectively.
Assurant Q3 net income up 75% to $153.6M; CEO Colberg to retire, Demmings to succeed
GAAP net income $153.6M ($2.58 EPS) vs $88.0M ($1.38 EPS) YoY, up 75% and 87% respectively.
Assurant expects ~$99M pre-tax catastrophe losses in Q3 2021; Hurricane Ida accounts for $87M
Reportable catastrophes in Global Housing segment of about $99M pre-tax ($78M after-tax) for Q3 2021.
Paget L. Alves notified the Board of his resignation from the Board, effective as of January 15, 2025, given his new role as CEO of Sorenson.
Lawrence V. Jackson notified the Board of Directors (the “Board”) of Assurant, Inc. (the “Company”) of his retirement from the Board effective as of the date of the Company’s 2025 annual meeting of stockholders.
the Board appointed Kevin Warren to the Board and to the Compensation and Talent Committee of the Board, effective January 15, 2025, subject to customary regulatory approval.
the Board accepted Robert Stein’s resignation from the Board pursuant to the director retirement policy under the Company’s Corporate Governance Guidelines, effective as of the date of the Company’s 2024 annual meeting of stockholders.
Juan Cento notified the Board of Directors (the “Board”) of Assurant, Inc. (the “Company”) of his retirement from the Board effective as of the date of the Company’s 2024 annual meeting of stockholders.
the Company concurrently announced that Richard S. Dziadzio ceased serving as Executive Vice President, Chief Financial Officer, effective immediately, and will depart from the Company on March 18, 2024
Keith R. Meier to serve as Executive Vice President, Chief Financial Officer
and Francesca L. Luthi to serve as Executive Vice President, Chief Operating Officer
On March 13, 2023, the Board of Directors (the “Board”) of Assurant, Inc. (the “Company”) increased the number of directors constituting the Board from thirteen to fourteen and appointed Rajiv Basu to the Board and to the Audit Committee of the Board, effective immediately.
On November 10, 2022, the Board of Directors (the “Board”) of Assurant, Inc. (the “Company”) accepted Jean-Paul L. Montupet’s resignation from the Board, effective upon the completion of his current term as of the date of the Company’s 2023 annual meeting of stockholders.
On May 12, 2022, the Board of Directors (the “Board”) of Assurant, Inc. (the “Company”) increased the number of directors constituting the Board from twelve to thirteen and appointed Sari Granat to the Board and to the Nominating and Corporate Governance Committee of the Board, effective immediately.
Keith W. Demmings, the President of the Company, will become Chief Executive Officer and a director of the Company (in addition to continuing to serve as President of the Company), effective January 1, 2022.
Max materiality 0.90 · Median 0.60 · Most common event earnings