Assurant(US:AIZ)2025-05-07 11:15Financial Performance - Adjusted EBITDA, excluding catastrophes, grew by 14% to $439 million in Q1 2025 compared to $384 million in Q1 2024[11, 46] - Adjusted EPS, excluding catastrophes, increased by 16% to $579 per share in Q1 2025 from $497 per share in Q1 2024[11, 48] - The company reaffirmed its 2025 enterprise outlook, projecting modest growth in both Adjusted EBITDA and Adjusted EPS, excluding catastrophes[13] Segment Performance - Global Housing Adjusted EBITDA, excluding catastrophes, increased by 31% to $269 million in Q1 2025 from $205 million in Q1 2024[24, 60] - Global Housing combined ratio, including catastrophes, was 94% in Q1 2025[26] - Global Lifestyle Adjusted EBITDA decreased by 5% to $198 million in Q1 2025 from $208 million in Q1 2024[20] Capital Management - The company generated $67 million in cash during the quarter[11] - $103 million was returned to shareholders through share repurchases and common stock dividends[11] - Share repurchases totaled $62 million in Q1 2025, with an additional $25 million repurchased between April 1 and May 2[49] Catastrophe Reinsurance - The U S program provides approximately $18 billion of coverage in excess of a $160 million retention[66] - The total program coverage protects against a projected probable maximum loss of approximately a 1-in-265-year storm[66]