Assurant, Inc. · NYSE:AIZ
Assurant — Q1 2026 Earnings Presentation
34 slides from Assurant's earnings presentation, May 6, 2026
Slide 1: Assurant Highlights 2025
Assurant Highlights 2025 As of June 4, 2025 © 2025 Assurant, Inc. All rights reserved. Company confidential. 1
Slide 2: Cautionary Statement
Cautionary Statement Some of the statements in this presentation, including our business and financial plans and any statements regarding our anticipated future financial performance, business prospects, growth, operating strategies, valuation and similar matters, such as performance outlook, financ
Slide 3: Assurant is a premier global protection company
ASSURANT HIGHLIGHTS 2025 Assurant is a premier global protection company Global Lifestyle Global Housing Offerings We partner with the world’s Offerings Mobile device leading brands to safeguard and protection, trade-in service connected devices, homes, Homeowners and lifecycle and automobiles. mana
Slide 4: Assurant represents an attractive investment with meaningful upside
ASSURANT HIGHLIGHTS 2025 Assurant represents an attractive investment with meaningful upside 1 Powerful Business Model Focus on B2B2C distribution, 2 Track Record of Winning Long-tenured client base 3 Strong Performance with Less Volatility 8 consecutive years of 4 Compelling Growth Opportunities Ah
Slide 5: Track record of strong growth over the long term
ASSURANT HIGHLIGHTS 2025 Track record of strong growth over the long term Returned $3.4B of capital to Adj. EBITDA, excl. cats(1) Adj. EPS, excl. cats(1) shareholders(2) since 2019 ($ millions) ($ millions) $2,000 $4,000 Cumulative Return 12% 5-year CAGR 18% 5-year CAGR $23.00 of $3.4B $3,500 $20.35
Slide 6: The unifying characteristics of our powerful business model
ASSURANT HIGHLIGHTS 2025 The unifying characteristics of our powerful business model B2B2C Leadership Transparent Services are the Deeply Distribution Positions in Partnerships Foundation of Integrated Strategy Attractive Built on Trust our Customized Technology Markets Solutions Deep partnerships w
Slide 7: Our services enhance our protection and specialty insurance products across our unique B2B2C distribution channels
ASSURANT HIGHLIGHTS 2025 Our services enhance our protection and specialty insurance products across our unique B2B2C distribution channels Protection Capabilities Value Added Services Comprehensive and flexible protection products designed for B2B2C Global device trade-in and reverse logistics
Slide 8: We serve as critical partners for our clients by delivering innovative services and capabilities
ASSURANT HIGHLIGHTS 2025 We serve as critical partners for our clients by delivering innovative services and capabilities Connected Living Global Automotive Homeowners Renters • Leading device care centers • Assurant Vehicle Care, a • Proprietary insurance tracking • Cover360 helps property powered
Slide 9: Our risk profile is attractive given our client risk-sharing, robust reinsurance program, and risk management expertise
ASSURANT HIGHLIGHTS 2025 Our risk profile is attractive given our client risk-sharing, robust reinsurance program, and risk management expertise Global Lifestyle Global Housing Client Risk-Sharing(1) 2025 Catastrophe Reinsurance Program(2) $1,920 million 1-265-year PML(3) pre-tax losses The 10 lar
Slide 10: Our significant cash generation and balanced capital allocation support shareholder value
ASSURANT HIGHLIGHTS 2025 Our significant cash generation and balanced capital allocation support shareholder value Significant Cash Common Stock Share Organic Investment Generation Dividends Repurchases and M&A Business Segment Dividends (2019-2024)(1) 20 consecutive years ~70% $2.5B ~$4.5B of commo
Slide 11: Global Lifestyle: Connected Living
ASSURANT HIGHLIGHTS 2025 Global Lifestyle: Connected Living Key Performance Indicators Differentiated device protection solutions & services with global scale Adjusted EBITDA ($ in millions) Business Overview Connected Living includes our mobile, extended service contracts and 2019 366 +6% CAGR fina
Slide 12: Global Lifestyle: Global Automotive
ASSURANT HIGHLIGHTS 2025 Global Lifestyle: Global Automotive Key Performance Indicators Leading vehicle protection solutions with scale across distribution channels Business Overview Adjusted EBITDA • We underwrite and provide administrative services for vehicle service contracts ($ in millions) and
Slide 13: Global Housing: Homeowners & Renters
ASSURANT HIGHLIGHTS 2025 Global Housing: Homeowners & Renters Key Performance Indicators Innovative homeowners, renters and specialty insurance and Adjusted EBITDA ex. catastrophes(3) risk management solutions across unique distribution channels ($ in millions) Business Overview 2019 408 +18% Homeow
Slide 14: We compete in attractive, growing markets backed by long-term secular tailwinds
ASSURANT HIGHLIGHTS 2025 We compete in attractive, growing markets backed by long- term secular tailwinds Connected Living Global Automotive Homeowners Renters & Other Assurant 64 million 55 million 32 million 2% 2.8 million KPIs(1) global mobile devices protected(3) global protected vehicles(4) U.S
Slide 15: We've identified significant growth opportunities across clients, products and geographies
ASSURANT HIGHLIGHTS 2025 We’ve identified significant growth opportunities across clients, products and geographies Expand offerings Win Launch Double-down Enter & attachment new clients new products & in core, attractive rates with globally services across fragmented adjacent existing clients the v
Slide 16: We have numerous differentiators relative to P&C peers
ASSURANT HIGHLIGHTS 2025 We have numerous differentiators relative to P&C peers Assurant’s Similarities to P&C Peers Assurant’s Differentiators versus P&C Peers Protect end-consumers from large, out-of-pocket Our primary focus is on niche B2B2C markets leveraging expenses B2B distribution channe
Slide 17: We have a track record of strong adjusted earnings and adjusted EPS growth
ASSURANT HIGHLIGHTS 2025 We have a track record of strong adjusted earnings and adjusted EPS growth Assurant vs. P&C Market Median(1,2) 2019 –2024 Earnings Growth Comparison EPS Growth Comparison 10.6% 14.5% adj. earnings, adj. EPS, incl. incl. cats(1) cats(1) 10.6% 12.8% 13.9% 17.9% adj. earnings,
Slide 18: We continue to outperform our peers with higher ROE with less volatility
ASSURANT HIGHLIGHTS 2025 We continue to outperform our peers with higher ROE with less volatility Higher ROE(1) Lower ROE Volatility(1) Assurant ROE(1) ROE Average Standard Deviation 2019-2024 2019-2024 ROE 2019-2024 17% 13.5% 6.0 13.0% 15% 5.0 12.9% 12.5% 13% 4.7 4.0 ROE 12.0% 11% 12.0% 3.0 11.5% 9
Slide 19: Our catastrophe exposure compares favorably relative to select P&C peers
ASSURANT HIGHLIGHTS 2025 Our catastrophe exposure compares favorably relative to select P&C peers Strong Performance & Risk Profile Relative to Select P&C Peers Average Catastrophe Losses as a % of Average Catastrophe Losses as a % of Global Housing Combined Ratio, incl. Net Earned Premiums vs Selec
Slide 20: Our capital return to shareholders ranks among the highest across the P&C index
ASSURANT HIGHLIGHTS 2025 Our capital return to shareholders ranks among the highest across the P&C index Average Payout Ratio: AIZ vs P&C Market Median 2019-2024 (Dividends + Share Repurchases as a % of Adjusted Earnings) 250% 200% 150% AIZ = 94% 100% P&C Market Median = 62% 50% 0% -50% -100% -150%
Slide 21: Our leadership team is driving Assurant's strategy forward
ASSURANT HIGHLIGHTS 2025 Our leadership team is driving Assurant’s strategy forward Keith Demmings Keith Meier Manny Becerra Rebekah Biondo Michael Campbell Bob Lonergan President & EVP, Chief Innovation Deputy Chief Financial EVP and President, EVP, Chief Marketing & Chief Executive Officer Chief F
Slide 22: Investor Relations contacts
ASSURANT HIGHLIGHTS 2025 Rebekah Biondo Sean Moshier Deputy Chief Financial Officer Head of Investor Relations Matt Cafarchio Mike Robinson Investor Relations Director Investor Relations Sr. Analyst Questions? Contact: investor.relations@assurant.com © 2025 Assurant, Inc. All rights reserved. Compan
Slide 23: Exhibit 1: Safe Harbor Statement
ASSURANT HIGHLIGHTS 2025 Exhibit 1: Safe Harbor Statement Some of the statements in this presentation, including our business and financial plans and any statements regarding our anticipated future financial performance, business prospects, growth, operating strategies, valuation and similar matters
Slide 24: Exhibit 2: Non-GAAP Financial Measures
ASSURANT HIGHLIGHTS 2025 Exhibit 2: Non-GAAP Financial Measures Assurant uses the following non-GAAP financial measures to analyze the company’s operating performance. Assurant’s non-GAAP financial measures should not be considered in isolation or as a substitute for GAAP financial measures. Because
Slide 25: Exhibit 2: Non-GAAP Financial Measures (Continued)
ASSURANT HIGHLIGHTS 2025 Exhibit 2: Non-GAAP Financial Measures (Continued) (UNAUDITED) 12 Months ($ in millions) 2024 2019 GAAP Global Housing Adjusted EBITDA $ 671.2 $ 368.8 Reportable catastrophes, pre-tax 245.2 38.0 Global Housing Adjusted EBITDA, excluding reportable catastrophes $ 916.4 $ 406.
Slide 26: Exhibit 2: Non-GAAP Financial Measures (Continued)
ASSURANT HIGHLIGHTS 2025 Exhibit 2: Non-GAAP Financial Measures (Continued) Adjusted Earnings per Diluted Share: Assurant uses Adjusted earnings per diluted share as an important measure (UNAUDITED) Twelve Months of the company’s stockholder value. Assurant defines ($ in millions) 2024 2023 2022 202
Slide 27: Exhibit 2: Non-GAAP Financial Measures (Continued)
ASSURANT HIGHLIGHTS 2025 Exhibit 2: Non-GAAP Financial Measures (Continued) (UNAUDITED) Twelve Months 2024 2023 2022 2021 2020 2019 GAAP net income from continuing operations per diluted share $ 14.46 $ 11.95 $ 5.05 $ 10.03 $ 8.21 $ 4.56 Adjustments per diluted share, pre-tax: Net realized losses (g
Slide 28: Exhibit 2: Non-GAAP Financial Measures (Continued)
ASSURANT HIGHLIGHTS 2025 Exhibit 2: Non-GAAP Financial Measures (Continued) Constant Currency: Represents a non-GAAP financial measure. Excludes the impact of changes in foreign currency exchange rates used in the translation of the income statement because they can be volatile. These amounts are ca
Slide 29: Exhibit 2: Non-GAAP Financial Measures (Continued)
ASSURANT HIGHLIGHTS 2025 Exhibit 2: Non-GAAP Financial Measures (Continued) Annualized Operating Return On Common Stockholders' Equity, Excluding AOCI: Assurant uses operating return on common stockholders' equity, excluding AOCI ("Operating ROE"), as an important measure of the Company’s operating
Slide 30: Exhibit 2: Non-GAAP Financial Measures (Continued)
ASSURANT HIGHLIGHTS 2025 Exhibit 2: Non-GAAP Financial Measures (Continued) © 2025 Assurant, Inc. All rights reserved. Company confidential.
Slide 31: Exhibit 2: Non-GAAP Financial Measures (Continued)
ASSURANT HIGHLIGHTS 2025 Exhibit 2: Non-GAAP Financial Measures (Continued) Annualized Operating Return On Tangible Common Stockholders' Equity: Assurant uses operating return on tangible common stockholders' equity ("Operating ROTE") as an important measure of the Company’s operating performance. O
Slide 32: Exhibit 3: Regulatory Requirements
ASSURANT HIGHLIGHTS 2025 Exhibit 3: Regulatory Requirements Assurant, Inc. is an insurance holding company, with insurance subsidiaries domiciled in a number of states in the U.S. and international jurisdictions. The ownership of our stock is subject to certain state and foreign insurance law requir
Slide 33: Exhibit 4: Data Sources
ASSURANT HIGHLIGHTS 2025 Exhibit 4: Data Sources Global Lifestyle Key industry statistics: 300M global device protection Source: Internal management estimates customers Source: HTF Market Intelligence, National 400M global vehicle Automobile Dealers Association, internal service contracts management
Slide 34: Exhibit 5: Peer Earnings Definition from S&P Capital IQ Market Intelligence
ASSURANT HIGHLIGHTS 2025 Exhibit 5: Peer Earnings Definition from S&P Capital IQ Market Intelligence AIZ Metric Peer Earnings Metric Definition Source Adjusted earnings Operating income after taxes: Net income after taxes, less the net income SNL (S&P Capital IQ Market Intelligence) attributable to