With a market cap of $11.2 billion, Assurant, Inc. (AIZ) is a global provider of protection products and services that support consumer purchases, homes, and connected devices. Founded in 1892 and headquartered in Atlanta, Assurant partners primarily with insurers, lenders, mobile carriers, retailers, and utilities to deliver specialty insurance and service solutions embedded at the point of sale or ownership. The insurance giant has notably lagged behind the broader market over the past year. AIZ stock ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ☒ Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2025 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . Commission file number 001-31978 Assurant, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) (I.R.S. Employer Iden ...

AUCKLAND, New Zealand--(BUSINESS WIRE)--Assurant, Inc. (NYSE: AIZ), a premier global protection company that safeguards and services connected devices, homes and automobiles in partnership with the world's leading brands, today announced it has received the Feefo Platinum Trusted Service Award, an exclusive recognition for businesses that consistently deliver world-class customer experiences year after year. The Platinum Trusted Service Award is given only to companies that have achieved the Go. ...

Core Insights - Assurant reported its ninth consecutive year of profitable growth in 2025, with adjusted EBITDA increasing by approximately 11% and adjusted EPS rising by about 12% excluding catastrophes [3][7]. Financial Performance - Adjusted EBITDA excluding catastrophes has increased by over $700 million since 2020, representing an 11% compound annual growth rate [2]. - Adjusted EPS excluding catastrophes grew to $22.81 per share, with a total shareholder return of approximately 93% over the last five years [2]. - Including catastrophes, adjusted EBITDA and adjusted EPS increased by 16% and 19%, respectively, in 2025 [3][7]. Business Segments - In Global Lifestyle, adjusted EBITDA grew at a mid-single-digit rate, with Connected Living adding nearly 2 million protected devices, totaling over 66 million globally [1][7]. - Global Automotive also saw mid-single-digit earnings growth, with Assurant now protecting 57 million vehicles, an increase of nearly 2 million from the previous year [8]. - Global Housing achieved double-digit adjusted EBITDA growth in 2025, surpassing $1 billion in segment earnings, more than doubling since 2022 [9]. Strategic Initiatives - Assurant is launching a national rollout of its Home Warranty service, integrated into real estate transactions, and has signed a long-term agreement with Compass International Holdings [5][21]. - The company is investing in AI and reverse logistics to enhance customer experience and operational efficiency [5][24]. - Share repurchases for 2026 are planned in the range of $250 million to $350 million, following $300 million in buybacks in 2025 [5][25]. 2026 Outlook - Management expects underlying adjusted EBITDA and EPS to grow mid- to high-single digits excluding catastrophes, with an anticipated annual CAT load of about $180–$185 million [6][20]. - Global Lifestyle is expected to lead growth, with high-single-digit earnings expansion driven by new program optimizations and existing client expansions [17]. - In Global Housing, growth is anticipated from higher tracked loans and continued hardening in the voluntary homeowners market [18][19]. Capital Deployment - Assurant returned $138 million to shareholders in the fourth quarter, including $94 million in share repurchases and $44 million in dividends [14]. - The company increased its dividend by 10% in November, marking its 21st consecutive year of dividend increases [15]. - Corporate EBITDA loss is expected to be approximately $140 million in 2026 due to investments in the Home Warranty segment [22]. Market Position - The home warranty market is described as fragmented, with opportunities for growth as customer trust improves [23]. - Assurant's strategic moves include expanding partnerships with major brands and enhancing service delivery through technology [8][24].

Core Insights - Assurant, Inc. (AIZ) reported a fourth-quarter 2025 net operating income of $5.61 per share, exceeding the Zacks Consensus Estimate by 1.08%, with a year-over-year increase of 17% [1] - Total revenues rose by 7.5% year over year to $3.3 billion, driven by higher net earned premiums, net investment income, and fees, surpassing the Zacks Consensus Estimate by 2.7% [2] - Adjusted EBITDA, excluding reportable catastrophes, increased by 3% to $445.9 million, reflecting growth in both Global Housing and Global Lifestyle segments [2] Financial Performance - Total benefits, losses, and expenses increased by 7.4% to $3.1 billion, primarily due to higher policyholder benefits and administrative expenses, exceeding the estimate of $2.8 billion [3] - Net earned premiums, fees, and other income in Global Housing increased by 10% to $711.4 million, driven by growth in policies in-force and higher average premiums, beating the Zacks Consensus Estimate of $697 million [4] - Adjusted EBITDA for Global Housing was $275.6 million, up 22% year over year, aided by lower pre-tax reportable catastrophes [5] Segment Analysis - Global Lifestyle's net earned premiums, fees, and other income rose by 7% to $2.5 billion, primarily due to growth in Connected Living and Global Automotive, surpassing the Zacks Consensus Estimate of $2.4 billion [6] - Adjusted EBITDA for Global Lifestyle was $195.3 million, a 2% year-over-year increase, driven by improved loss experience in Global Automotive and growth in Connected Living [7] - The adjusted EBITDA loss at Corporate & Other was $34.4 million, an improvement from the previous year's loss of $35.7 million, mainly due to lower third-party expenses [8] Full-Year Highlights - Adjusted earnings for 2025 increased by 19% to $19.77 per share, slightly beating the Zacks Consensus Estimate [9] - Total net earned premiums, fees, and other income from Global Lifestyle and Global Housing segments totaled $12.35 billion, up 8.1% [11] Financial Position - As of December 31, 2025, liquidity stood at $887 million, significantly above the targeted minimum of $225 million, with total assets increasing by 3.6% to $36.3 billion [12] - Debt increased by 6% year over year to $2.2 billion, while total shareholders' equity rose by 15% to $5.87 billion [12] Shareholder Returns - In 2025, share repurchases and dividends totaled $468 million, with $300 million spent on repurchasing 1.4 million shares [13] - As of early February 2026, Assurant had $745 million remaining under its current repurchase authorization [13] 2026 Guidance - Assurant expects adjusted EBITDA for 2026 to be flat to mid-high single-digit growth, with Global Lifestyle projected to increase in the high single digits [14] - Global Housing adjusted EBITDA is anticipated to decrease, while Corporate and Other adjusted EBITDA loss is expected to approximate $140 million [15] - Adjusted earnings per diluted share are expected to remain consistent with 2025 levels or increase mid-to-high single digits [16] Capital Deployment - Capital deployment priorities will focus on maintaining a strong financial position, supporting business growth through organic investments and M&A, and returning capital to shareholders [17]

Financial Data and Key Metrics Changes - In 2025, the company achieved 11% growth in adjusted EBITDA and 12% growth in adjusted earnings per share, both excluding catastrophes. Including catastrophes, adjusted EBITDA and adjusted EPS grew 16% and 19% respectively [4][6] - Adjusted EPS, excluding catastrophes, reached $22.81 per share, reflecting a high teens compound annual growth rate since 2020 [6] - The company generated a total shareholder return of 93% over the past five years [6] Business Line Data and Key Metrics Changes - Global Lifestyle saw mid-single-digit adjusted EBITDA growth, driven by Connected Living and Global Automotive [7] - In Connected Living, adjusted EBITDA grew mid-single digits, with nearly 2 million new protected devices added over the past year, totaling over 66 million devices globally [7][8] - Global Housing's adjusted EBITDA grew double digits, surpassing $1 billion, with a strong underlying combined ratio of 80% [10][11] Market Data and Key Metrics Changes - The company reported a 5% increase in enforced policies year-over-year in the lender-placed homeowners market, driven by a hardening voluntary homeowners market [10] - In renters, policies increased by 15%, supported by new portfolio onboarding [11] Company Strategy and Development Direction - The company is focused on investing in innovation across its lifestyle and housing businesses to drive long-term value creation [4] - The entry into the home warranty market is seen as a path to market leadership, leveraging existing capabilities and partnerships [13][14] - The company aims to expand its market position in 2026, with expectations of high single-digit earnings growth in Global Lifestyle and solid underlying growth in Global Housing [15][22] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's growth trajectory heading into 2026, with expectations for continued strong performance in both Global Lifestyle and Global Housing [17][22] - The company anticipates mid to high single-digit growth in adjusted EBITDA and earnings per share for 2026, excluding prior-year reserve development [22] Other Important Information - The company returned $138 million to shareholders in 2025, including $94 million in share repurchases and $44 million in dividends [20] - The company completed four small acquisitions in 2025 to enhance its products and capabilities [21] Q&A Session Summary Question: Can you help us unpack the Connected Living growth in the context of the guidance? - Management noted that while premium growth accelerated, investments and new client programs are offsetting some of that growth [27][30] Question: How do you feel about the reserve confidence in housing? - Management expressed confidence in the reserve position and noted strong underlying growth in housing [31][33] Question: What are the main competitors in the home warranty channel? - Management indicated that the market is fragmented with many players, presenting significant growth opportunities [100] Question: What is the expected investment for the home warranty business in 2026? - Management indicated an expected investment of $15 million-$20 million for the home warranty business in 2026 [42] Question: How is AI being incorporated into the business? - Management highlighted the use of AI to improve customer experience, operational efficiency, and product personalization [58][59] Question: What is the outlook for share repurchases? - Management indicated a strong capital position and plans for share repurchases in the range of $250 million-$350 million for 2026 [116]

Assurant (NYSE:AIZ) Q4 2025 Earnings call February 11, 2026 08:00 AM ET Company ParticipantsKeith Demmings - President and CEOKeith Meier - CFOSean Moshier - VP of Investor RelationsConference Call ParticipantsBob Huang - Equity Research AnalystCharles Lederer - Equity Research AnalystDan Lukepenot - Equity Research AnalystJeffrey Schmitt - Equity Research AnalystJohn Barnidge - Equity Research AnalystMark Hughes - Equity Research AnalystTommy McJoynt - Equity Research AnalystNone - AnalystOperatorWelcome t ...

Assurant (NYSE:AIZ) Q4 2025 Earnings call February 11, 2026 08:00 AM ET Speaker8Welcome to Assurant Fourth Quarter 2025 conference call and webcast. At this time, all participants have been placed in a listen-only mode, and the floor will be open for your questions following management's prepared remarks. We ask that you please hold all questions until the completion of the formal remarks, at which time you will be given instructions for the question-and-answer session. It is now my pleasure to turn the flo ...

Fourth Quarter & Full-Year 2025 Results Investor Presentation © 2026 Assurant, Inc. All rights reserved. Company confidential. 1 Keith Demmings President & Chief Executive Officer Keith Meier Executive Vice President & Chief Financial Officer © 2026 Assurant, Inc. All rights reserved. Company confidential. 2 Cautionary Statement Some of the statements in this presentation, including our business and financial plans and any statements regarding our anticipated future financial performance, business prospects ...

分组1 - Assurant reported quarterly earnings of $5.61 per share, exceeding the Zacks Consensus Estimate of $5.55 per share, and up from $4.79 per share a year ago, representing an earnings surprise of +1.01% [1] - The company achieved revenues of $3.37 billion for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 2.72%, and an increase from $3.13 billion year-over-year [2] - Assurant has consistently surpassed consensus EPS estimates over the last four quarters, indicating strong performance [2] 分组2 - The stock has underperformed the market with a decline of about 2.3% since the beginning of the year, while the S&P 500 has gained 1.7% [3] - The current consensus EPS estimate for the upcoming quarter is $5.38 on revenues of $3.25 billion, and for the current fiscal year, it is $21.16 on revenues of $13.46 billion [7] - The Zacks Industry Rank for Insurance - Multi line is in the bottom 31% of over 250 Zacks industries, suggesting potential challenges for the sector [8]