Financial Data and Key Metrics Changes - For the first half of 2024, adjusted EBITDA increased by 20% year-to-date, and adjusted EPS grew by 29%, excluding reportable catastrophes [5][14] - In Q2 2024, adjusted EBITDA grew by 10% to $369 million, and adjusted earnings per share increased by 17% to $4.77, both excluding reportable catastrophes [19][20] Business Line Data and Key Metrics Changes - In Global Lifestyle, first half 2024 adjusted EBITDA was $397 million, consistent with the first half of 2023 [6] - Connected Living's adjusted EBITDA increased by 6% or 8% on a constant currency basis, with year-to-date growth of 14% on a constant currency basis when excluding first half investments of approximately $13 million [6][14] - Global Automotive's earnings were pressured by ongoing inflation impacts, with expectations of continued elevated loss experience within ancillary GAP products [9][10] - Global Housing's earnings increased nearly 45% year-to-date, excluding reportable catastrophes, demonstrating the importance of this business to the overall portfolio [11][12] Market Data and Key Metrics Changes - The lender-placed insurance business in Global Housing has shown growth due to hardening traditional insurance markets in certain states [12] - In the renters' segment, gross written premiums in the Property Management Company channel increased by over 20%, marking eight straight quarters of double-digit growth [13] Company Strategy and Development Direction - The company is focused on specialized markets with growth opportunities and long-term secular tailwinds, contributing to long-term outperformance versus the broader P&C market [15][16] - Investments in customer experience and compliance expertise are seen as critical competitive advantages [12] - The company aims to enhance its risk profile by focusing on capital-efficient businesses within Lifestyle and Housing [15] Management's Comments on Operating Environment and Future Outlook - Management expects full year adjusted EBITDA to grow high-single-digits and adjusted earnings per share to increase low-double-digits, excluding catastrophes [14] - The company anticipates strong growth within Global Housing to lead overall enterprise growth for 2024 [14] - Management expressed confidence in the ability to navigate inflationary pressures and improve performance in the auto segment over time [33][34] Other Important Information - The company published its 2024 Sustainability Report, highlighting progress in advancing its sustainability strategy and initiatives [17] - The company expects Hurricane Beryl to be a reportable catastrophe in Q3, with estimated losses between $30 million to $50 million [28] Q&A Session Summary Question: When will the sustained impact of inflation in Global Auto become less negative? - Management indicated that the first half of the year showed different trends, with expectations for rates to stabilize and improve modestly in the second half of the year [32][34] Question: Can you elaborate on the opportunity in the card benefits business with Chase? - Management highlighted the expansion of the relationship with Chase as a significant opportunity, expecting it to be EBITDA positive entering 2025 [38][39] Question: What is the long-term combined ratio target for Global Housing? - Management stated that a mid-80s combined ratio is the right target, with a focus on maintaining expense management and efficiency [58][59] Question: How much is higher investment income offsetting core weakness in the auto segment? - Management noted that investment income is a significant contributor, with a high-quality portfolio and a duration of about five years [64][66] Question: What gives confidence to increase the outlook for share repurchases despite potential hurricane losses? - Management cited a strong capital position and robust cash flow generation as reasons for confidence in maintaining share repurchase plans [68][69]

Investor Presentation Second Quarter 2024 © 2024 Assurant, Inc. All rights reserved. Company confidential. 1 Keith Demmings President & Chief Executive Officer Keith Meier Executive Vice President & Chief Financial Officer © 2024 Assurant, Inc. All rights reserved. Company confidential. 2 Cautionary Statement business drivers, our ability to gain market share, and the strength, diversity, predictability and resiliency of enterprise and segment earnings, cash flows and other results, may constitute forward-l ...

Exhibit 99.1 Assurant Reports Second Quarter 2024 Financial Results Strong Second Quarter Earnings and EPS Growth With Continued Strength in Global Housing Company Increases 2024 Outlook to Deliver High Single-Digit Growth in Adjusted EBITDA with Low Double- Digit Adjusted EPS Growth, Both Ex. Catastrophes ATLANTA, August 6, 2024 — Assurant, Inc. (NYSE: AIZ), a leading global business services company that supports, protects and connects major consumer purchases, today reported results for the second quarte ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 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 ...

Assurant, Inc. (NYSE:AIZ) Q1 2024 Earnings Conference Call May 8, 2024 8:00 AM ET Company Participants Sean Moshier - Vice President of Investor Relations. Keith Demmings - President & Chief Executive Officer Keith Meier - Executive Vice President, Chief Financial Officer Conference Call Participants Mark Hughes - Truist Securities Brian Meredith - UBS Tommy McJoynt - KBW Operator Welcome to Assurant's First Quarter 2024 Conference Call and Webcast. [Operator Instructions] It is now my pleasure to turn the ...

Investor Presentation First Quarter 2024 ...

Assurant (AIZ) came out with quarterly earnings of $4.78 per share, beating the Zacks Consensus Estimate of $3.87 per share. This compares to earnings of $2.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.51%. A quarter ago, it was expected that this insurer would post earnings of $3.70 per share when it actually produced earnings of $4.58, delivering a surprise of 23.78%.Over the last four quarters, the company has surp ...

Performance Overview Assurant reported a strong start to 2024, with significant increases in GAAP net income and Adjusted EBITDA, driven by exceptional Global Housing and Global Lifestyle growth - Key Financial Metrics | Metric | Q1'24 ($M) | Q1'23 ($M) | Change | | :--- | :--- | :--- | :--- | | GAAP net income | $236.4 | $113.6 | +108% | | Adjusted EBITDA | $370.7 | $242.9 | +53% | | Adjusted EBITDA, ex. catastrophes | $383.7 | $293.3 | +31% | | GAAP net income per diluted share | $4.47 | $2.12 | +111% | | Adjusted earnings per diluted share | $4.78 | $2.75 | +74% | - CEO Keith Demmings highlighted a strong start to the year, attributing the success to exceptional results in Global Housing and ongoing momentum in the U.S. Connected Living business within Global Lifestyle[3](index=3&type=chunk) - The company is increasingly confident in its ability to deliver on its 2024 financial objectives, focusing on investing for growth, accelerating innovation, and effectively deploying capital[4](index=4&type=chunk) [Consolidated Financial Results](index=2&type=section&id=Consolidated%20Financial%20Results) Consolidated GAAP net income more than doubled and Adjusted EBITDA grew significantly in Q1 2024, driven by Global Housing and increased net earned premiums - Consolidated Financial Performance | Metric | Q1'24 ($M) | Q1'23 ($M) | Change | | :--- | :--- | :--- | :--- | | GAAP net income | $236.4 | $113.6 | +108% | | Adjusted EBITDA | $370.7 | $242.9 | +53% | | Adjusted EBITDA, ex. catastrophes | $383.7 | $293.3 | +31% | - The increase in Adjusted EBITDA was driven primarily by Global Housing, which saw a **181% increase**, while Global Lifestyle grew by **4%**[9](index=9&type=chunk) - Net earned premiums, fees and other income from Global Lifestyle and Global Housing segments totaled **$2.76 billion**, an increase of **8%** (**9%** on a constant currency basis) from Q1 2023[11](index=11&type=chunk) [Segment Performance](index=3&type=section&id=Segment%20Performance) Global Housing significantly increased Adjusted EBITDA due to lower catastrophe losses, while Global Lifestyle grew modestly and Corporate and Other reported a larger loss [Global Lifestyle](index=3&type=section&id=Global%20Lifestyle) Global Lifestyle's Adjusted EBITDA increased **4%** due to Connected Living growth and a one-time client benefit, partially offset by higher Global Automotive claims costs - Global Lifestyle Segment Performance | Metric | Q1'24 ($M) | Q1'23 ($M) | Change | | :--- | :--- | :--- | :--- | | Adjusted EBITDA | $207.7 | $198.9 | +4% | | Net earned premiums, fees and other income | $2,187.8 | $2,040.3 | +7% | - Growth in Connected Living was driven by stronger mobile device protection results, higher investment income, and a one-time **$6.9 million** client contract benefit[11](index=11&type=chunk) - Global Automotive results decreased mainly due to ongoing elevated claims costs from inflation and normalization of select ancillary products[11](index=11&type=chunk) [Global Housing](index=3&type=section&id=Global%20Housing) Global Housing's Adjusted EBITDA soared **181%** due to significantly lower catastrophe losses and improved non-catastrophe loss experience - Global Housing Segment Performance | Metric | Q1'24 ($M) | Q1'23 ($M) | Change | | :--- | :--- | :--- | :--- | | Adjusted EBITDA | $192.5 | $68.4 | +181% | | Reportable catastrophes | $12.9 | $49.5 | -74% | | Adjusted EBITDA, ex. catastrophes | $205.4 | $117.9 | +74% | | Net earned premiums, fees and other income | $572.2 | $505.3 | +13% | - Excluding catastrophes, Adjusted EBITDA increased **74%**, with over half of the increase driven by lower non-catastrophe loss experience, including a **$15.7 million** favorable impact from prior period reserve development[13](index=13&type=chunk) - Net earned premiums, fees and other income increased **13%**, mainly driven by Homeowners top-line growth from higher average premiums and growth in policies in-force[13](index=13&type=chunk) [Corporate and Other](index=4&type=section&id=Corporate%20and%20Other) The Corporate and Other segment reported an increased Adjusted EBITDA loss of **$29.5 million**, primarily due to higher expenses supporting enterprise growth initiatives - Corporate and Other Segment Performance | Metric | Q1'24 ($M) | Q1'23 ($M) | Change | | :--- | :--- | :--- | :--- | | Adjusted EBITDA Loss | ($29.5) | ($24.4) | +21% | - The increased loss was primarily driven by higher expenses to support enterprise growth initiatives[14](index=14&type=chunk) [Capital Management and Liquidity](index=4&type=section&id=Capital%20Management%20and%20Liquidity) Assurant maintained strong liquidity with **$622 million** at the holding company, **$397 million** above target, and returned **$77 million** to shareholders in Q1 2024 - Holding company liquidity totaled **$622 million**, which is **$397 million** above the company's targeted minimum level of **$225 million**[15](index=15&type=chunk) - Returned **$77 million** to shareholders in Q1 2024, consisting of **$40 million** in share repurchases (approx. **225 thousand** shares) and **$37 million** in common stock dividends[15](index=15&type=chunk) - As of May 3, 2024, **$625 million** remained under the current share repurchase authorizations[15](index=15&type=chunk) [Full-Year 2024 Outlook](index=2&type=section&id=Full-Year%202024%20Outlook) Assurant updated its full-year 2024 outlook, expecting mid-single-digit growth in Adjusted EBITDA (ex-catastrophes) towards the higher end, with similar growth for Adjusted EPS - The company expects Adjusted EBITDA, excluding reportable catastrophes, to increase by **mid-single-digits**, with growth now trending towards the higher end of the outlook[9](index=9&type=chunk)[17](index=17&type=chunk) - Adjusted earnings, excluding reportable catastrophes, per diluted share growth rate is expected to approximate the growth rate in Adjusted EBITDA, excluding reportable catastrophes[9](index=9&type=chunk)[17](index=17&type=chunk) - Global Housing's growth is expected to be driven by improving non-catastrophe loss experience and top-line growth, while Global Lifestyle's growth will be led by Connected Living programs[17](index=17&type=chunk) - The Corporate and Other Adjusted EBITDA loss is forecasted to be approximately **$110 million** for the full year[17](index=17&type=chunk) [Financial Statements](index=13&type=section&id=Financial%20Statements) This section presents unaudited consolidated financial statements for Q1 2024 and Q1 2023, detailing the company's financial performance and position [Consolidated Statement of Operations](index=13&type=section&id=Consolidated%20Statement%20of%20Operations) For Q1 2024, total revenues increased to **$2.88 billion**, and net income rose to **$236.4 million** or **$4.47** per diluted share - Consolidated Statement of Operations (Unaudited) | Metric | Q1 2024 ($M) | Q1 2023 ($M) | | :--- | :--- | :--- | | Total revenues | $2,880.1 | $2,642.8 | | Net income | $236.4 | $113.6 | | Diluted net income per share | $4.47 | $2.12 | [Consolidated Condensed Balance Sheets](index=14&type=section&id=Consolidated%20Condensed%20Balance%20Sheets) As of March 31, 2024, Assurant's total assets were **$33.23 billion**, liabilities **$28.31 billion**, and equity **$4.92 billion**, with equity increasing from year-end 2023 - Consolidated Condensed Balance Sheets (Unaudited) | Metric | March 31, 2024 ($M) | December 31, 2023 ($M) | | :--- | :--- | :--- | | Total assets | $33,225.4 | $33,635.2 | | Total liabilities | $28,305.4 | $28,825.7 | | Total equity | $4,920.0 | $4,809.5 | [Appendix](index=6&type=section&id=Appendix) This appendix provides supplementary information, including a Safe Harbor Statement and detailed reconciliation of Non-GAAP financial measures [Safe Harbor Statement](index=6&type=section&id=Safe%20Harbor%20Statement) This statement cautions that forward-looking statements are subject to various risks and uncertainties, including client loss, competitive pressures, and catastrophe losses - The report contains forward-looking statements which are based on current plans and expectations and are not guarantees of future performance[21](index=21&type=chunk)[22](index=22&type=chunk) - Key risks that could cause actual results to differ materially include loss of significant clients, competitive pressures, catastrophe losses, economic and political conditions, and regulatory changes[23](index=23&type=chunk)[26](index=26&type=chunk) [Non-GAAP Financial Measures](index=8&type=section&id=Non-GAAP%20Financial%20Measures) Assurant uses non-GAAP measures like Adjusted EBITDA and Adjusted EPS to analyze operating performance by excluding volatile or non-recurring items, with detailed reconciliations provided - The company uses non-GAAP measures like Adjusted EBITDA and Adjusted Earnings per Diluted Share to provide investors with a view of ongoing operating performance by excluding items that are highly variable or do not represent core operations[25](index=25&type=chunk)[27](index=27&type=chunk)[30](index=30&type=chunk) - Reconciliation of GAAP Net Income to Adjusted EBITDA (Q1 2024, $ in millions) | Line Item | Amount ($M) | | :--- | :--- | | GAAP net income | $236.4 | | *Less/Add Adjustments* | | | Interest expense | $26.8 | | Provision for income taxes | $56.5 | | Depreciation expense | $30.6 | | Amortization of purchased intangible assets | $17.6 | | Other pre-tax adjustments | $1.0 | | **Adjusted EBITDA** | **$370.7** | | Reportable catastrophes | $13.0 | | **Adjusted EBITDA, ex. catastrophes** | **$383.7** | - Reconciliation of GAAP EPS to Adjusted EPS (Q1 2024) | Line Item | Amount | | :--- | :--- | | GAAP net income per diluted share | $4.47 | | *Adjustments (per share)* | | | **Adjusted earnings, per diluted share** | **$4.78** | | *Catastrophe Adjustments (per share)* | | | **Adjusted earnings, ex. catastrophes, per diluted share** | **$4.97** |

Commission file number 001-31978 Assurant, Inc. (Exact name of registrant as specified in its charter) 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, 2023 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to . (State or other jurisdiction of incorporation) (I.R.S. Employer Iden ...

Fourth Quarter & Full-Year 2023 Results © 2024 Assurant, Inc. All rights reserved. Company confidential. 1 Keith Demmings President & Chief Executive Officer Keith Meier Executive Vice President & Chief Financial Officer © 2024 Assurant, Inc. All rights reserved. Company confidential. 2 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, growth and operati ...