AIZ earnings analysis
What we found in AIZ's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Assurant, Inc. reported strong Q1 2026 results with net income rising 87% to $274.1 million, driven by lower catastrophe losses and improved performance in both the Global Lifestyle and Global Housing segments. The company raised its outlook for Adjusted EBITDA growth due to robust demand in the Connected Living and Global Automotive sectors, despite some headwinds in Global Housing due to competitive pressures.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Revenue Growth
- Total revenue for Q1 2026 increased 11% to $3.42 billion, up from $3.07 billion in Q1 2025.
- Significant EPS Beat
- Reported EPS for Q1 2026 was $5.95, beating estimates of $5.34, resulting in a surprise of 11.42%.
- Record Net Income
- Net income rose 87% to $274.1 million in Q1 2026 compared to $146.6 million in Q1 2025.
- Global Lifestyle Performance
- The Global Lifestyle segment's revenue grew 11% to $2.66 billion, boosted by Connected Living's subscriber growth.
- Improved Adjusted EBITDA
- Global Housing Adjusted EBITDA surged 111% to $236.7 million for Q1 2026, driven by lower catastrophe losses.
- Increased Operating Cash Flow
- Operating cash flow was $240.3 million for Q1 2026, though down from $392.4 million in Q1 2025.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Higher Competition
- Management flagged increased competition and changes in customer preferences as potential headwinds.
- Volatility in Investment Returns
- The company noted negative $(21.2) million net realized losses on investments in Q1 2026, up from $(16.0) million in Q1 2025.
- Impact of Economic Conditions
- Management warned that general economic conditions, including inflation and geopolitical factors, could adversely affect performance.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $5.95
- Segment
- Global Lifestyle
- Segment
- Global Housing
What they said about what is next.
Management anticipates low to high single-digit growth in Adjusted EBITDA for 2026, particularly in Global Lifestyle, with potential declines in Global Housing.
The filing reads better than the one before it.
What came before.
- 10-K · February 19, 2026
- Assurant presents multi-year top-line and segment profitability expansion driven by Global Lifestyle (mobile) and a strong Global Housing lender-placed book. The company highlights $12.35B of net earned premiums, fees…
- 10-Q · August 8, 2024
- Assurant, Inc.'s Q2 2024 results show a 21% increase in net income, rising to $188.7 million, driven notably by improved results in the Global Housing segment. While overall revenue grew to $2.92 billion, up 4% from the…
- 10-Q · May 9, 2024
- Assurant reported revenue of $2,880.1 million and net income of $236.4 million for Q1 2024, up $237.3 million and $122.8 million respectively versus Q1 2023. Results were driven by strong Global Housing performance…
- 10-K · February 15, 2024
- Assurant positions itself as a global business services company serving the connected world through two segments (Global Lifestyle and Global Housing), emphasizing digital-first, end-to-end value chain capabilities and…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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