Assurant Raises 2026 Outlook After Q3 Earnings Growth
+1 new source since this summary was written
Assurant reported third-quarter results for the period ended September 30, 2026, with GAAP net income of $275.2 million, up 4% from the prior-year quarter, and adjusted earnings per diluted share of $6.15, up 7% on an adjusted basis. The company raised its 2026 outlook to approximately 10% adjusted EBITDA growth and low double-digit adjusted earnings-per-share growth, both excluding reportable catastrophes. Assurant also said it now expects $350 million of share repurchases.
Why it matters
The raised outlook increases the company’s expected 2026 earnings growth, while the planned repurchases could reduce shares outstanding. Assurant expects both the adjusted EBITDA and adjusted earnings-per-share growth targets on an ex-reportable-catastrophe basis.
Key facts
- 1Nine-month GAAP net income was $847.9 million versus $647.5 million in the prior-year period, a 31% increase on a GAAP basis. sec.gov
- 2Nine-month adjusted EBITDA was $1,385.1 million versus $1,099.7 million in the prior-year period, a 26% increase on an adjusted basis. sec.gov
- 3Adjusted EBITDA excluding reportable catastrophes was $484.1 million versus $433.5 million in the prior-year quarter, a 12% increase on an adjusted, ex-reportable-catastrophe basis. sec.gov
- 4Net earned premiums, fees and other income from Global Lifestyle and Global Housing totaled $3.41 billion, up 10% from $3.11 billion in the prior-year quarter on the reported basis. sec.gov
Summary written by AlphAI AI Desk from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.