Strong Double-Digit Earnings Growth Year-to-Date Led by Continued Outperformance in Global Housing
Company Increases 2024 Outlook to Deliver Low Double-Digit Growth in Adjusted EBITDA with Mid- to High-teens Growth in Adjusted EPS, Both Ex. Catastrophes
ATLANTA, November 5, 2024 — Assurant, Inc. (NYSE: AIZ), a leading global business services company that supports, protects and connects major consumer purchases, today reported results for the third quarter ended September 30, 2024.
“Our third quarter performance highlights continued strength within Global Housing with growing revenues and expense discipline. Global Lifestyle performed in-line with expectations, as we continued to prioritize strategic investments for growth in new and expanded Connected Living partnerships and saw further signs of stabilization within Global Automotive during the quarter. Across Assurant, we are delivering greater value to our clients and their end-consumers while establishing new growth opportunities,” said Assurant President and CEO Keith Demmings.
“Our year-to-date execution and performance enable us to increase our 2024 enterprise outlook. We now expect Adjusted EBITDA to increase low double-digits and Adjusted earnings per share to increase mid- to high-teens, both excluding reportable catastrophes. In addition, we expect to return $300 million in share repurchases in 2024, reflecting our strong capital position and risk management expertise,” Demmings added.
Read full release below.
Earnings Conference Call
The third quarter 2024 earnings conference call and webcast will be held on Wednesday, November 6, 2024 at 8:00 a.m. E.T. The slide presentation used by management during the webcast includes supplemental information and will be available on Assurant’s Investor Relations website prior to the conference call. The live and archived webcast, along with supplemental information, will also be available on Assurant’s Investor Relations website:
https://ir.assurant.com/investor/default.aspx
About Assurant
Assurant, Inc. (NYSE: AIZ) is a leading global business services company that supports, protects and connects major consumer purchases. A Fortune 500 company with a presence in 21 countries, Assurant supports the advancement of the connected world by partnering with the world’s leading brands to develop innovative solutions and to deliver an enhanced customer experience through mobile device solutions, extended service contracts, vehicle protection services, renters insurance, lender-placed insurance products and other specialty products.
Learn more at assurant.com
Media Contact:
Stacie Sherer
Vice President, Corporate Communications
Phone: 917.420.0980
stacie.sherer@assurant.com
Investor Relations Contacts:
Rebekah Biondo
Deputy CFO
Phone: 786.374.7283
rebekah.biondo@assurant.com
Sean Moshier
Vice President, Investor Relations
Phone: 914.204.2253
sean.moshier@assurant.com
Matt Cafarchio
Director, Investor Relations
Phone: 484.356.4791
matt.cafarchio@assurant.com