Assurant, Inc. reported first‑quarter 2026 results that set a new company record, with revenue of $3.42 billion and net income of $274.1 million—an 87% increase from the $146.6 million earned in the same period a year earlier. Diluted earnings per share rose to $5.41 from $2.83, while adjusted EPS climbed to $5.95, a 76% jump over the prior year’s $3.39. Adjusted EBITDA reached $441.5 million, up 56% from $282.2 million in Q1 2025, and excluding reportable catastrophes it was $465.9 million, a 6% year‑over‑year gain and 5% constant‑currency growth.
The record performance was driven by strong growth in both of Assurant’s core segments. Global Lifestyle adjusted EBITDA increased 20% to $236.7 million, reflecting higher demand for mobile protection and automotive programs. Global Housing adjusted EBITDA surged 111% to $236.7 million, largely because reportable catastrophe losses fell by $132.3 million, reducing the segment’s expense base and boosting profitability.
Management raised its 2026 outlook, now expecting adjusted EBITDA and adjusted EPS to grow low‑single‑digit to high‑single‑digit on an underlying basis, excluding the $113 million reserve‑development benefit and the $15‑$20 million home‑warranty investment. The company also plans to return $300 million to $350 million in share repurchases in 2026, at the upper end of its guidance, and will continue to increase its dividend.
"Our first‑quarter performance represented Assurant's best quarter in history driven by record earnings in Global Lifestyle. Our position as a market leader continues to generate attractive cash flows and reinforces our solid, flexible capital position—enabling us to accelerate share repurchases in the first quarter. We continue to scale capabilities, deepen client partnerships, and execute against a robust pipeline of new client opportunities, supported by the durability of our earnings. We are proud of the long‑term outperformance we've driven and more excited than ever about the future, including expansion into attractive new markets where we see a clear path to market leadership," said Keith Demmings, President and CEO.
The announcement was well received by investors, who highlighted the strong earnings beat and the raised guidance as evidence of Assurant’s continued operational strength and confidence in future growth. The company’s record earnings, driven by a 20% rise in Global Lifestyle and a 111% jump in Global Housing, underscore its competitive position and the effectiveness of its cost‑control and pricing strategies. The guidance upgrade signals management’s belief that the company can sustain high single‑digit growth in the coming year while maintaining a robust capital return program.
The combination of record earnings, a significant guidance lift, and a firm capital‑return plan positions Assurant as a resilient player in the property‑and‑casualty insurance market. The company’s ability to generate attractive cash flows, coupled with its strategic focus on expanding client partnerships and leveraging AI‑enabled innovation, suggests a strong trajectory for continued growth and shareholder value creation.
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