Assurant Reports Q1 2025 Earnings Amid Challenges

Assurant ( (AIZ) ) has released its Q1 earnings. Here is a breakdown of the information Assurant presented to its investors.

Assurant, Inc. is a global protection company that partners with leading brands to safeguard and service connected devices, homes, and automobiles, leveraging data-driven technology solutions to enhance customer experiences. In its first quarter of 2025, Assurant reported a decrease in GAAP net income by 38% to $146.6 million, primarily due to higher reportable catastrophes within Global Housing, although there was growth in Global Housing excluding these catastrophes. The company’s adjusted EBITDA also saw a decline of 24% to $282.2 million, but excluding reportable catastrophes, it increased by 14% to $439.2 million, driven by higher earnings in Global Housing. Assurant’s Global Lifestyle segment experienced a 5% decrease in adjusted EBITDA, mainly due to lower results in Connected Living, while Global Housing saw a 42% decrease in adjusted EBITDA due to significant catastrophes. However, excluding these catastrophes, Global Housing’s adjusted EBITDA rose by 31%, supported by top-line growth in Homeowners. Looking ahead, Assurant reaffirms its outlook for modest earnings growth in 2025, emphasizing its strong financial position and commitment to investing in people, technology, and solutions to drive long-term growth and shareholder value.