Assurant Q1 Earnings Call Highlights

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MarketBeat

Wed, May 6, 2026 astatine 8:07 AM CDT 8 min read

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Key Points

Strongest Q1 ever: Assurant said grounds Global Lifestyle results and double‑digit maturation successful Connected Living (earnings up 18%) positive a 23% emergence successful Global Automotive powered the quarter, with astir 69 cardinal devices protected and expanded mobile partnerships (T‑Mobile, Xfinity, Verizon) and planned AI‑driven merchandise rollouts.
Capital instrumentality and outlook: Management accelerated buybacks, returned $169 cardinal successful Q1 and present targets $300–$350 million of stock repurchases for 2026, portion guiding to low‑single‑digit adjusted EBITDA and EPS maturation excluding catastrophes (high single‑digit underlying maturation excluding prior‑year reserve development).
Housing and reinsurance: Global Housing included $24 cardinal of Q1 catastrophes, and Assurant finalized a 2026 catastrophe reinsurance programme with a $160 cardinal per‑event retention, astir $1.6 cardinal of sum supra retention and little reinsurance premiums (~$180M vs ~$200M successful 2025), supporting a targeted full‑year combined ratio successful the low‑to‑mid 80s excluding prior‑year development.
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Assurant (NYSE:AIZ) reported what absorption described arsenic the strongest first-quarter show successful the company’s history, driven by grounds net successful its Global Lifestyle conception and continued momentum crossed mobile instrumentality extortion and related services.

On the company’s first-quarter 2026 net call, President and CEO Keith Demmings said Assurant delivered 6% maturation successful adjusted EBITDA and 9% maturation successful adjusted EPS, some excluding reportable catastrophes. He added that, excluding impacts from Global Housing’s prior-year reserve development, adjusted EBITDA and adjusted EPS grew 8% and 12%, respectively.

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Demmings said the institution utilized what helium called the “strength and flexibility” of its superior presumption to accelerate stock repurchases during the quarter, citing a “compelling valuation.”

Global Lifestyle posts grounds results arsenic Connected Living expands

Demmings said Global Lifestyle produced grounds earnings, with double-digit net maturation successful some Connected Living and Global Automotive. In Connected Living, helium said net accrued 18%, driven by enlargement with existing clients and optimization of precocious added programs.

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During prepared remarks, Demmings highlighted 4 mobile-related announcements and expansions that helium said bespeak Assurant’s momentum:

T-Mobile: Demmings said Assurant deepened its narration with T-Mobile pursuing the carrier’s acquisition of UScellular, migrating “another ample in-force mobile subscriber base.” He said the company’s full devices protected present stands astatine astir 69 cardinal devices globally.
Reverse logistics with different ample U.S. carrier: Demmings said a caller engagement expands services to enactment each instrumentality device and disposition channels, with devices processed done the company’s automated Nashville Device Care Center.
Xfinity Mobile: Demmings said Assurant expanded its concern done a caller complaint program that includes beingness instrumentality extortion for phones, tablets, and watches, positive an “upgrade anytime” payment embedded successful Xfinity’s Mobile Plus plan.
Verizon prepaid brands: Demmings said Verizon’s Total Wireless Protect was expanded to see a much broad nonaccomplishment and theft product, and that Straight Talk Protect was precocious launched.