Assurant, Inc. (AIZ) Earnings
Assurant, Inc. is expected to report next earnings on August 4, 2026 (in NaN days), with a consensus EPS estimate of $5.16. AIZ has beaten EPS estimates in 11 of its last 12 reported quarters (average surprise +39.7% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 6, 2026 | $5.29 | $5.95 | +12.5% | $3.4B | +3.9% |
| Nov 4, 2025 | $4.39 | $5.73 | +30.5% | $3.2B | +1.4% |
| Oct 31, 2023 | $2.58 | $4.29 | +66.3% | $2.8B | +3.1% |
| Aug 1, 2023 | $2.60 | $3.89 | +49.6% | $2.7B | +3.3% |
| May 2, 2023 | $2.32 | $2.75 | +18.5% | $2.6B | +0.8% |
| Feb 7, 2023 | $2.59 | $3.23 | +24.7% | $2.7B | +0.8% |
| Nov 1, 2022 | $1.00 | $1.01 | +1.0% | $2.5B | -2.0% |
| Aug 2, 2022 | $3.21 | $2.95 | -8.1% | $2.5B | -4.3% |
| May 3, 2022 | $2.86 | $3.75 | +31.1% | $2.5B | -5.3% |
| Feb 8, 2022 | $2.30 | $2.47 | +7.4% | $2.6B | -0.1% |
| Nov 2, 2021 | $1.23 | $1.41 | +14.6% | $2.6B | +4.7% |
| Aug 3, 2021 | $2.50 | $2.99 | +19.6% | $2.5B | +5.9% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 6, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Keith Demings mentioned 2026 is off to a strong start with first quarter representing the strongest performance in insurance history, driven by record earnings and global lifestyle. Delivered 6% growth in adjusted EBITDA and 9% growth in adjusted EPS, both excluding reportable catastrophes. Leveraged capital position to accelerate share repurchases. Global Lifestyle had double-digit earnings growth in Connected Living and Global Automotive. Connected Living earnings increased 18% with expansion and new opportunities. Global Auto earnings increased 23% with higher investment income and loss improvement. Global Housing had solid underlying earnings growth with double-digit top-line growth in homeowners. Assurant's diversified portfolio and disciplined execution supported strong performance. Keith Meyer highlighted strong first quarter results, updated 2026 outlook with increased expectations for adjusted EBITDA and EPS growth, strong capital position, and continued innovation across the business.
Guidance
2026 is expected to have low single-digit growth in adjusted EBITDA and earnings per share excluding CATs, overcoming $94 million of lower favorable prior year reserve development. Excluding the impact of prior year development, expect high single-digit underlying growth in both adjusted EBITDA and earnings per share, excluding CATS. Global lifestyle is expected to lead growth with approximately 10% growth. Global Auto expected to grow from higher investment income, continued loss improvement, and growth of global partnerships. Global housing outlook improved with modest earnings decline excluding cats and solid underlying growth. Expect share repurchases of $300 million to $350 million for 2026, at the high end of initial range.
Segment performance
Global Lifestyle: First quarter adjusted EBITDA increased 20% or $39 million compared to last year. Connected Living: EBITDA growth was 18%, or $22 million, led by continued expansion with existing clients and optimization of recently added programs. Mobile device protection programs saw addition of over 4 million subscribers. Global Auto: Adjusted EBITDA increased 23%, or $17 million, including $10 million from the real estate gain. Excluding that gain, earnings in global auto increased 9% or $7 million. Global Housing: First quarter adjusted EBITDA was $237 million, including $24 million of reportable catastrophes. Excluding cats, adjusted EBITDA was $261 million. Underlying performance driven by double-digit top-line growth in homeowners. Corporate and other: First quarter adjusted EBITDA loss was $32 million, which includes investments made in our home warranty business.
Analyst Q&A
Q: Connected Living results are strong, talk about longer term view.
A: Big drivers include scaling of device protection subscriber counts, maturing non-mobile programs, and growth in devices serviced. There's a lot of white space in the market with opportunities in the globe and evolving product set.
Q: Success with Verizon and AT&T, rehash services.
A: With Verizon, support prepaid brands and provide supply chain services. With AT&T, do work around supply chain and trade-in.
Q: Growth strategy for new home warranty business.
A: Happy with Compass partnership, ramping volumes, agents educated. Having conversations with potential long-term partners, leveraging technology.
Q: Revenue from new Best Buy Legacy book in Global Lifestyle.
A: Mix of shorter and longer term contracts, range from couple of years to five years, earn over time, with assumption in fourth quarter helping earnings.
Q: Upfront spending on new mobile announcements.
A: U.S. Cellular move of enforced block starts to contribute immediately with little upfront investment. Other announcements will have creative to EBITDA in aggregate this year.
Q: Auto loss costs, written premiums, claims frequency.
A: Auto had good quarter with favorable loss experience, aided by prior rate increases, claims process enhancements.
Q: Cat outlook.
A: Cat assumption for this year is 185 million, program costs expected to be about 180 million this year, down from last year due to favorable market pricing, strength of portfolio, and lower Florida exposures.
Q: Global housing placement rates, homeowners market.
A: Expect to add additional loans, policy counts go up, some fluctuation in placement rate, watching for market shifts.
Q: AI productivity, margin enhancement.
A: AI to improve customer experience, remove friction, upskill talent, leverage in new ways, with efficiency gains and expense leverage seen in housing with general expenses up 2% and revenues up double digit.
Q: Fee income in Lifestyle, reverse logistics program growth.
A: Driven by trade in reverse logistics side, devices serviced growing, strong quarter with seasonality and contributions across multiple programs