Strong Overall Financial Performance
Assurant delivered a very strong third quarter with double-digit earnings growth across both Global Housing and Global Lifestyle. Adjusted EBITDA growth of 13% and adjusted EPS growth of 15% year-to-date, both excluding reportable catastrophes.
Upgraded 2025 Financial Outlook
Due to strong business performance, Assurant increased its 2025 outlook. The company now expects full year adjusted EPS growth of low double digits and adjusted EBITDA growth approaching 10%, excluding catastrophes.
Global Lifestyle Segment Growth
Global Lifestyle segment showed a 12% increase in adjusted EBITDA, driven by double-digit earnings growth in Connected Living and Global Automotive.
Strategic Partnerships
Announced a new multi-year agreement with a large U.S. mobile carrier for expanded repair and logistics capabilities and a new partnership with Best Buy for retail extended service contracts.
Global Housing Performance
Global Housing showed strong results with a 13% increase in adjusted EBITDA, excluding catastrophes. The housing segment benefited from favorable non-catastrophe loss experience and top line growth.