Assurant reports Q1 adjusted EPS $5.95, consensus $5.33

Reports Q1 revenue $3.42B, consensus $3.31B. Adjusted earnings, excluding reportable catastrophes, per diluted share, increased 9% to $6.33 compared to the prior year period of $5.79. “Our first quarter performance represented Assurant’s (AIZ) best quarter in history driven by record earnings in Global Lifestyle. Our position as a market leader continues to generate attractive cash flows and reinforces our solid, flexible capital position – enabling us to accelerate share repurchases in the first quarter. We continue to scale capabilities, deepen client partnerships, and execute against a robust pipeline of new client opportunities, supported by the durability of our earnings. We are proud of the long-term outperformance we’ve driven and more excited than ever about the future, including expansion into attractive new markets where we see a clear path to market leadership,” said Assurant President and CEO Keith Demmings.