$AIZ · ASSURANT, INC.
Assurant reported Q3 2026 results with GAAP net income of $275.2M ($5.49/share) and Adjusted EBITDA ex-catastrophes of $484.1M, up 12% YoY. The company raised its full-year 2026 outlook: Adjusted EBITDA ex-catastrophes now expected to grow approximately 10%, and Adjusted EPS ex-catastrophes now expected to grow low double digits. Share repurchases are now targeted at $350M for the year.
- Q3 GAAP net income rose 4% YoY to $275.2M; GAAP EPS of $5.49 vs. $5.17.
- Adjusted EBITDA ex-catastrophes grew 12% YoY to $484.1M, driven by Global Lifestyle (+15%) and Global Housing (+11%).
- Adjusted EPS ex-catastrophes hit $6.46, up 12% YoY from $5.76.
- FY2026 outlook raised: Adj. EBITDA ex-cat now ~10% growth; Adj. EPS ex-cat now low double digits.
- Holding company liquidity at $954M; $469M remaining on buyback authorization as of Oct 31, 2026.
Stock essentially flat in extended hours at $296.13, unchanged vs. the regular close. The raised full-year outlook and double-digit earnings growth appear largely priced in at a $14.61B market cap.
Assurant raised full-year guidance across both top-line growth and EPS, signaling broad-based momentum in its Connected Living and Global Housing franchises heading into year-end.
Assurant's Connected Living segment delivered 23% earnings growth, reflecting strong mobile supply chain and device protection trends that continue to benefit specialty insurers with carrier and OEM partnerships.
Lower favorable prior period reserve development (PPD) in Global Housing — $52M less favorable PYD in 2026 vs. 2025 — creates an earnings headwind. FY2026 outlook explicitly excludes any Q4 2026 PYD.