Overview

* Assurant ( AIZ ) Q3 adjusted EPS beats analyst expectations, rising 91% yr/yr

* Adjusted EBITDA for Q3 rises 75% yr/yr due to lower reportable catastrophes

* Company increases 2025 outlook, expects low double-digit adj EPS growth excluding reportable catastrophes

Outlook

* Assurant ( AIZ ) expects 2025 adjusted EPS to grow low double-digits, excluding reportable catastrophes

* Company anticipates 2025 adjusted EBITDA growth to approach 10%, excluding reportable catastrophes

* Assurant ( AIZ ) plans $300 mln share repurchase in 2025

Result Drivers

* GLOBAL HOUSING GROWTH - Adjusted EBITDA surged 177% due to lower pre-tax reportable catastrophes and favorable non-catastrophe loss experience

* CONNECTED LIVING AND AUTOMOTIVE - Global Lifestyle Adjusted EBITDA rose 12% driven by new financial services program and improved loss experience in automotive

* STRATEGIC EXECUTION - CEO cites disciplined execution of strategy focusing on innovation and customer experiences as key to driving results

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $5.73 $4.27 (7

Adjusted Analysts

EPS )

Q3 EPS $5.17

Q3 Net $265.60

Income mln

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the property & casualty insurance peer group is "hold."

* Wall Street's median 12-month price target for Assurant Inc ( AIZ ) is $248.00, about 14.5% above its November 3 closing price of $212.11

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 10 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)