Assurant Reports Third Quarter 2023 Financial Results

U.S. Markets (Alternative Disclosure) via PUBT

Significant Earnings and EPS Growth Driven by Continued Strong Performance in Global Housing and Growth in Global Lifestyle

Company Increases 2023 Outlook to Deliver Mid- to High-Teens Growth in Adjusted EBITDA, with Adjusted EPS Growth to Exceed Adjusted EBITDA, Both Ex. Catastrophes

ATLANTA, October 31, 2023 -Assurant, Inc. (NYSE: AIZ), a leading global business services company that supports, protects and connects major consumer purchases, today reported results for the third quarter ended September 30, 2023.

"Results for the third quarter were exceptionally strong and outperformed our expectations," said Assurant President and CEO Keith Demmings. "Global Housing's top-line momentum and improving loss experience combined with Global Lifestyle's growing U.S. mobile business produced significant year-over-year earnings growth."

"Our year-to-date performance underscores the strength of our business model and is the result of the many strategic actions taken throughout Assurant over the last 18 months to drive financial and operational excellence. Looking ahead, we are focused on executing our 2023 financial objectives as we continue to make critical investments in talent and technology to drive sustainable growth while effectively deploying our capital to support long-term shareholder value creation," Demmings added.

Note: The metrics included within the company's outlook are non-GAAP financial measures and the company believes that it cannot, without unreasonable efforts, forecast certain information needed to reconcile to the GAAP measures, the probable significance of which cannot be determined. More information can be found in the Non-GAAP Financial Measures section.

Read full release below:

Earnings Conference Call

The third quarter 2023 earnings conference call and webcast will be held on Wednesday, November 1, 2023 at 8:00 a.m. ET. The live and archived webcast, along with supplemental information, will be available on Assurant's Investor Relations website: https://ir.assurant.com/investor/default.aspx

About Assurant

Assurant, Inc. (NYSE: AIZ) is a leading global business services company that supports, protects and connects major consumer purchases. A Fortune 500 company with a presence in 21 countries, Assurant supports the advancement of the connected world by partnering with the world's leading brands to develop innovative solutions and to deliver an enhanced customer experience through mobile device solutions, extended service contracts, vehicle protection services, renters insurance, lender-placed insurance products and other specialty products.

Leamore at assurant.com or on X (formerly Twitter) @Assurant.

Media Contacts:

Linda Recupero Senior Vice President, Global Enterprise Communications
Phone: 201.519.9773
[email protected]

Stacie Sherer Vice President, Corporate Communications
Phone: 917.420.0980
[email protected]

Investor Relations Contacts:

Suzanne Shepherd Senior Vice President, Investor Relations and Sustainability
Phone: 201.788.4324
[email protected]

Sean Moshier Vice President, Investor Relations
Phone: 914.204.2253
[email protected]

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Disclaimer

Assurant Inc. published this content on 31 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 October 2023 20:14:32 UTC.