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Assurant Q3 adjusted EPS beats estimates

By Reuters News


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

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Adjusted EPS

Beat

$6.15

$4.75 (8 Analysts)

Q3 EPS

$5.49

Q3 Net Income

$275.20 mln


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.)

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