Assurant beats Q4 adjusted EPS estimates

Overview

• Global protection firm's Q4 adjusted EPS beat analyst expectations

• Q4 adjusted EBITDA rose 14% due to lower reportable catastrophes and growth in Global Housing

• Company's net income increased 12% driven by lower catastrophes and higher segment earnings

Outlook

• Company expects Global Lifestyle Adjusted EBITDA to increase high single digits

• Assurant anticipates adjusted earnings per share to be consistent with 2025 levels

Result Drivers

• GLOBAL HOUSING GROWTH - Adjusted EBITDA in Global Housing rose 22% due to lower reportable catastrophes and growth in lender-placed policies and specialty products

• CONNECTED LIVING AND AUTOMOTIVE - Growth in Connected Living and Global Automotive drove a 2% increase in Global Lifestyle adjusted EBITDA

• SHARE REPURCHASES IMPACT - EPS increased due to share repurchases, offsetting higher restructuring costs

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the property & casualty insurance peer group is "hold."

• Wall Street's median 12-month price target for Assurant Inc is $259.00, about 10.1% above its February 9 closing price of $235.32

• The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBwFhNfta

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