Why Is Assurant (AIZ) Up 1.8% Since Last Earnings Report?

Core Viewpoint - Assurant's Q3 2025 earnings report shows strong performance with significant year-over-year growth in net operating income and revenues, driven by its Global Housing and Global Lifestyle segments [3][4][12]. Financial Performance - Assurant reported a net operating income of $5.73 per share, exceeding the Zacks Consensus Estimate by 35.4% and reflecting a 91% increase year-over-year [3]. - Total revenues rose 8.6% year-over-year to nearly $3.2 billion, surpassing the Zacks Consensus Estimate by 2.6% [4]. - Net earned premiums, fees, and other income increased 8.9% year-over-year to $3.1 billion, exceeding the estimate of $3 billion [4]. - Net investment income grew 2.9% year-over-year to $133.5 million, also above the estimate of $125.1 million [4]. Segmental Performance - Global Housing revenues increased 16.2% year-over-year to $738.9 million, driven by higher net earned premiums and net investment income, exceeding estimates [6]. - Global Lifestyle revenues rose 6.8% year-over-year to $2.5 billion, with adjusted EBITDA increasing 12% year-over-year to $206.8 million [8]. - The Corporate & Other segment reported an adjusted EBITDA loss of $31.6 million, wider than the previous year's loss [9]. Financial Position - As of September 30, 2025, liquidity stood at $613 million, significantly above the targeted minimum level of $225 million [10]. - Total assets increased 2.2% to $35.7 billion, while total shareholders' equity rose 12.7% to $5.7 billion [10]. - The debt-to-total capital ratio improved by 130 basis points to 27.7% [10]. Share Repurchase and Dividend Update - In Q3 2025, Assurant repurchased shares worth $81 million and paid $41 million in dividends, with an additional $27 million in repurchases from October 1 to October 31, 2025 [11]. Guidance and Outlook - Assurant raised its 2025 guidance, expecting adjusted EBITDA growth of nearly 10% and low double-digit growth in adjusted earnings per diluted share [12][13]. - The company anticipates a $120 million adjusted EBITDA loss in the Corporate and Other segment [12]. Market Position - Assurant has a Zacks Rank 2 (Buy) and is expected to deliver above-average returns in the coming months, with upward trends in estimates [16].