Assurant ( (AIZ) ) has released its Q4 earnings. Here is a breakdown of the information Assurant presented to its investors.
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Assurant, Inc. is a global protection company that partners with leading brands to safeguard connected devices, homes, and automobiles, operating primarily in the insurance and financial services sectors. In its latest earnings report, Assurant announced robust financial results for the fourth quarter and full-year 2024, driven by strong performances in its Global Housing segment and continued growth in Connected Living within Global Lifestyle. The company reported an 18% increase in GAAP net income for the year, with net income per diluted share rising by 21%. Adjusted EBITDA, excluding reportable catastrophes, saw a 15% increase, highlighting significant gains in Global Housing, despite elevated catastrophe losses. The company’s liquidity position remains strong, with $673 million in holding company liquidity as of year-end, and it returned $456 million to shareholders through dividends and share repurchases in 2024. Looking ahead to 2025, Assurant anticipates modest to high-single-digit growth in adjusted EBITDA and earnings per share, excluding reportable catastrophes. The company aims to continue scaling partnerships, investing in product innovation, and pursuing emerging growth opportunities, positioning itself for sustained profitable growth amidst a dynamic economic environment.
