Assurant (AIZ) investor relations material

Executive summary

• Achieved record quarterly earnings for the second consecutive quarter, with double-digit growth in both Global Lifestyle and Global Housing segments, driven by profitable growth, strong execution on technology investments, and lower catastrophe losses.

• Adjusted EBITDA grew 18% year-over-year to $491.4 million in Q2 2026, and Adjusted EPS rose 19% to $6.60 per share, both excluding catastrophes.

• Net income rose 27% year-over-year to $298.6 million for Q2 2026, with six-month net income up 50% to $572.7 million.

• The business model emphasizes recurring revenue from embedded services and protection partnerships, providing stability and less cyclicality compared to traditional insurers.

• Strong cash generation and disciplined capital return, with $123 million returned to shareholders in Q2 2026.

Financial highlights

• Q2 2026 Adjusted EBITDA (excluding catastrophes) increased 18% to $491.4 million; Adjusted EPS (excluding catastrophes) grew 19% to $6.60; GAAP net income up 27% to $298.6 million.

• Global Lifestyle Adjusted EBITDA rose 21% in Q2; Connected Living up 29%, Global Automotive up 15% year-over-year.

• Global Housing Adjusted EBITDA grew 28% in Q2 (excluding catastrophes), with 7% year-to-date growth and double-digit premium growth in renters segment.

• Six-month 2026 GAAP net income up 50% to $572.7 million; Adjusted EBITDA up 38% to $920.7 million.

• Liquidity at quarter end was $911 million; $123 million returned to shareholders in Q2 ($75 million in share repurchases, $48 million in dividends).

Outlook and guidance

• Full-year 2026 Adjusted EBITDA and Adjusted EPS expected to grow mid-single digits, or approximately 10% excluding prior year reserve development and catastrophes.

• Global Lifestyle outlook raised to low-double-digit growth; Global Housing earnings expected to grow modestly, with solid underlying growth.

• Share repurchases for 2026 expected at the upper end of the $300 million–$350 million range.

• Management expects sufficient liquidity for the next twelve months, with $911.5 million in holding company liquidity as of June 30, 2026.

• No additional restructuring costs are expected for the 2025 plan.