Assurant (AIZ) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, May 6, 2026 astatine 11:12 AM CDT 30 min read

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Date

Wednesday, May 6, 2026 astatine 8:00 a.m. ET

Call participants

• President and Chief Executive Officer — Keith Demmings

• Chief Financial Officer — Keith Meier

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Full Conference Call Transcript

Keith Demmings: Good morning, and convey you for joining us. Following a singular 2025, wherever we delivered our 3rd consecutive twelvemonth of double-digit net and EPS growth, we're pleased to stock that 2026 is disconnected to a beardown start. The archetypal 4th represents the strongest show successful Assurant's history, driven by grounds net successful Global Lifestyle. We delivered 6% maturation successful adjusted EBITDA and 9% maturation successful adjusted EPS, some excluding reportable catastrophes. When excluding impacts from Global Housing's anterior twelvemonth reserve development, these metrics grew 8% and 12%, respectively. Once again, our diversified portfolio and disciplined execution supported beardown show successful a dynamic operating environment.

Our results this 4th bespeak the momentum we've built crossed the enterprise, supported by the durability of our earnings. We leveraged the spot and flexibility of our superior presumption to accelerate stock repurchases during the 4th fixed our compelling valuation. At the halfway of our show is our talented workforce, starring with insight, challenging normal and delivering with discipline. Their committedness continues to assistance america and our clients triumph together, arsenic we redefine extortion and related services and make worth crossed the markets we serve. The archetypal 4th represents an exceptional commencement to the year, reinforcing our way to achieving our tenth consecutive twelvemonth of profitable growth. Turning to Global Lifestyle.

We delivered an exceptional archetypal 4th with double-digit net maturation successful some Connected Living and Global Automotive. In Connected Living, net accrued 18%, driven by enlargement with existing clients and continued optimization of precocious added programs. As our net payment from the momentum we've built, we proceed to execute connected our compelling pipeline of caller opportunities with 4 caller mobile announcements this quarter. First, our semipermanent statement with T-Mobile supports our enactment and innovation successful this space. Following the occurrence of our reverse logistics partnership, we deepened our narration pursuing T-Mobile's acquisition of U.S.

Cellular, successfully migrating different ample in-force mobile subscriber basal and contributing to an summation successful our full devices protected that present stands astatine astir 69 cardinal devices globally. Like our anterior instrumentality extortion migration with Sprint, this reflects our proven quality to rapidly modulation large, analyzable instrumentality extortion portfolios with minimal disruption and debased subscriber churn, a captious impervious constituent for imaginable caller clients. Taken together, these milestones reenforce the spot of our narration with a starring U.S. bearer and item the strategical worth of our integrated mobile protection, repair and logistics platform. Second, we're extending our enactment successful reverse logistics done a caller accidental with different ample U.S. carrier.