Assurant Q3 adjusted EPS beats estimates

Overview

• US insurance and protection provider's Q3 adjusted EPS beat analyst expectations

• Q3 GAAP net income rose 4% yr/yr, driven by Global Lifestyle and Global Housing

Outlook

• Assurant now expects 2026 adjusted EBITDA, ex. reportable catastrophes, to increase about 10%

• Global Lifestyle adjusted EBITDA now expected to grow mid-to-high teens in 2026

Result Drivers

• CONNECTED LIVING GROWTH - Co said 23% earnings growth in Connected Living, with higher mobile supply chain volumes and device protection programs, drove Global Lifestyle results

• SHARE REPURCHASES - Adjusted EPS growth was helped by the impact of share repurchases, according to management

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "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 is $325.00, about 9.3% above its November 2 closing price of $297.23

• The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 13 three months ago

Reuters Recommended Reads

• Nov 3 - Hagerty Q3 adjusted EPS beats on strong premium growth, lifts 2026 profit outlook

• Nov 3 - Bowhead Q3 profit beats estimates on divisional premium growth

• Nov 3 - United Fire Group Q3 profit falls 10% as combined ratio worsens

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)