Quarterly ResultMay 5, 2026, 02:11 PM
Assurant Q1 GAAP Net Income +87% to $274.1M; Raises 2026 Outlook
AI Summary
Assurant, Inc. reported record first-quarter 2026 financial results, with GAAP net income increasing 87% to $274.1 million and Adjusted EBITDA rising 56% to $441.5 million. Driven by strong performance in Global Lifestyle, the company increased its full-year 2026 outlook for Adjusted EBITDA and Adjusted earnings per share, both excluding reportable catastrophes, to grow low single digits, or high single digits on an underlying basis. Assurant also accelerated share repurchases, returning $169 million to shareholders in Q1.
Key Highlights
- Increased 2026 outlook for Adjusted EBITDA (ex-catastrophes) to grow low single digits, or high single digits underlying.
- Q1 2026 GAAP net income rose 87% to $274.1 million, with diluted EPS up 91% to $5.41.
- Q1 2026 Adjusted EBITDA increased 56% to $441.5 million; ex-catastrophes, it grew 6% to $465.9 million.
- Global Lifestyle Adjusted EBITDA increased 20% to $236.7 million in Q1 2026.
- Global Housing Adjusted EBITDA (ex-catastrophes) was $261.1 million, down 3% in Q1 2026.
- Net earned premiums, fees, and other income grew 11% to $3.28 billion in Q1 2026.
- Repurchased $125 million of common stock and paid $44 million in dividends in Q1 2026.
- Now expects to return $300-$350 million in share repurchases for full-year 2026.