AIZN

• 2025 was an exceptional year with Assurant marking nine consecutive years of profitable growth, achieving double-digit growth in adjusted EBITDA and adjusted earnings per share. - Investments in innovation across lifestyle and housing businesses are delivering simpler, faster, and more consistent outcomes. - Global Life's Connected Living and Automotive segments show momentum, with mobile device protection and retail extended service contracts growing. - Global Housing has strong performance with lender-placed and renters policies, and a new partnership with Compass International Holdings in home warranty was announced.

• Expect full-year adjusted EBITDA and EPS consistent with 2025 levels excluding catastrophes, with mid to high single-digit growth excluding prior year reserve development. - Global Lifestyle is expected to lead growth with high single-digit earnings growth in 2026. - Share repurchases expected in the range of $250 million to $350 million in 2026.

Global Life: Mid-single-digit adjusted EBITDA growth. Connected Living saw mid-single-digit adjusted EBITDA growth, with mobile device protection adding nearly 2 million protected devices globally, and retail extended service contracts building momentum. Global Automotive had mid-single-digit earnings growth. Global Housing: Adjusted EBITDA grew double digits excluding catastrophes, with lender-placed business seeing a 5% increase in in-force policies, and renters policies up 15%.

• Regulatory scrutiny in the housing sector could impact business. - Market uncertainties may affect overall business performance.

Q: Charles Lederer asked about unpacking Connected Living growth in the context of guidance.

A: Keith Demmings and Keith Meier discussed revenue momentum, multiyear contracts, and investment in new programs.

Q: Charles Lederer asked about reserve confidence in housing.

A: Keith Meier and Keith Demmings said they feel good about the reserve position, with strong underlying growth in housing.

Q: Charles Lederer asked about the hardening of the traditional home insurance market.

A: Keith Meier and Keith Demmings discussed growth in California and the Midwest, with some flatness in Florida.

Q: Jeff Schmitt asked about home warranty business investments.

A: Keith Demmings said $15 to $20 million of incremental investment is expected in 2026.

Q: Jeff Schmitt asked about geographies and contractor networks for home warranty.

A: Keith Demmings discussed rolling out across six brands and integrating into transaction flows.

Q: John Barnidge asked about home warranty investment level and reserve development.

A: Keith Demmings and Keith Meier discussed $15-20 million investment in 2026 and strong underlying growth.

Q: John Barnidge asked about AI incorporation.

A: Keith Demmings and Keith Meier discussed AI use in customer experience, efficiency, and product personalization.

Q: Mark Hughes asked about home warranty moving out of corporate.

A: Keith Demmings said it's early days but expected to move back to lifestyle.

Q: Mark Hughes asked about reverse logistics with other carriers.

A: Keith Demmings said it's a future opportunity with additional clients.

Q: Tommy McJoynt asked about housing state regulators and connected devices.

A: Keith Demmings and Keith Meier discussed regulatory filings and device evolution.

Q: Dan Lakpano asked about Global Lifestyle earnings drivers.

A: Keith Demmings discussed subscriber growth, program optimization, and expense discipline.

Q: Dan Lakpano asked about home warranty long-term aspirations.

A: Keith Demmings said aiming for market leadership.

Q: Dan Lakpano asked about restructuring costs and subsidiary sale.

A: Keith Meier discussed restructuring for operational efficiencies and subsidiary sale for portfolio focus.

Q: Charles Lederer asked about hard market in housing and share repurchases.

A: Keith Meier discussed growth drivers and strong capital position for share repurchases