Slide 1: Third Quarter 2025 Results
Third Quarter 2025 Results Investor Presentation © 2025 Assurant, Inc. All rights reserved. Company confidential. 1
Slide 2: Keith Demmings Keith Meier
Keith Demmings Keith Meier President Executive Vice President & Chief Executive Officer & Chief Financial Officer © 2025 Assurant, Inc. All rights reserved. Company confidential. 2
Slide 3: 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 4: Year-to-Date 2025: Strong Double-Digit Earnings & EPS Growth
Year-to-Date 2025: Strong Double-Digit Earnings & EPS Growth Well-Positioned to Achieve Ninth Consecutive Year of Profitable Growth +13% growth Adjusted EBITDA, Delivered 13% Adjusted EBITDA growth and 15% Adj. EPS excl. cats(1) growth, both excl. cats(1) Increasing our 2025 enterprise outlook to lo
Slide 5: Global Lifestyle Highlights
GLOBAL LIFESTYLE Global Lifestyle Highlights Global Lifestyle Adjusted EBITDA ($ millions) On Track to Deliver Full-Year Growth Across Lifestyle +6% Connected Living constant currency(1) • Executing on long-term strategy to accelerate commercial momentum +4% $606 $582 • New client programs and conti
Slide 6: Global Housing Highlights
GLOBAL HOUSING Global Housing Highlights Global Housing Adjusted EBITDA, excl. cats(1) ($ millions) Strong Year-to-Date Earnings; Adjusted EBITDA up 21%, excl. cats(1) $773 +21% Homeowners $641 • Homeowners continues to benefit from multiple levers of growth, including hardening voluntary insurance
Slide 7: Assurant's Unique and Advantaged Portfolio Creates Growth with Lower Volatility
Assurant’s Unique and Advantaged Portfolio Creates Growth with Lower Volatility Our Diversified Business Model Underpins our Long-term Performance Higher Returns(1) Lower Volatility(1) ROE & ROTE 2019-2024 ROE & ROTE Average Standard Deviation 2019-2024 40.0% 6.0 32.1% 4.8 5.0 4.5 30.0% 4.0 3.1 20.0
Slide 8: Driving Multifaceted Growth in 2025
Driving Multifaceted Growth in 2025 Growing Across Core Global Housing, Connected Living and Global Auto Businesses and Continuing Momentum into 2026 Global Connected Global Housing Living Auto Expanding offerings with a Embedding innovation Further opportunity as we We have a clear strategy and foc
Slide 9: Enterprise Q3'25 Financial Highlights
ENTERPRISE Enterprise Q3’25 Financial Adjusted EBITDA, excl. cats(1) ($ millions) Highlights $434 +13% Momentum Across both Global Housing and Global Lifestyle Growth $385 13% Growth in Adjusted EBITDA and Adjusted EPS, both excl. cats(1) • Continued growth in Global Housing, up 13% excl. cats(1) ,
Slide 10: Q3'25 Segment Financial Highlights
Q3’25 Segment Financial Global Lifestyle Adjusted EBITDA ($ millions) Highlights $207 +12% Q3 2025 Global Lifestyle Highlights $184 • Adjusted EBITDA increased 12%, or 13% on a constant currency basis(1) 79 69 +13% • Connected Living Adjusted EBITDA increased 11%, or similar on a constant currency c
Slide 11: Our Significant Cash Generation and Balanced Capital Allocation Create Shareholder Value
Our Significant Cash Generation and Balanced Capital Allocation Create Shareholder Value Returned $122 million to Shareholders in Q3’25 Significant Cash Common Stock Share Organic Investment Generation Dividends Repurchases and M&A Business Segment Dividends (2019-YTD’25)(1) 20 consecutive years ~70
Slide 12: 2025 Enterprise Outlook
2025 Enterprise Outlook 2025 Enterprise Outlook: Adj. EBITDA, excl. cats(1) 2024 2025 Approaching Results Outlook 10% Adjusted EBITDA, Approaching $1.569B $1,569 excl. cats(1) 10% growth 2024 2025 Outlook Adjusted EPS, Low double-digit $20.35 excl. cats(1) growth Global Lifestyle to increase from gr
Slide 13: Assurant Represents an Attractive Investment with Meaningful Upside
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 On track for 9 consecutive 4 Compelling Growth Opportunities Ahead Double-down in co
Slide 14: Appendix
Appendix © 2025 Assurant, Inc. All rights reserved. Company confidential. 14 18
Slide 15: Rebekah Biondo Sean Moshier Rachel Glascock
Rebekah Biondo Sean Moshier Deputy Chief Financial Officer Head of Investor Relations Rachel Glascock Mike Robinson Investor Relations Director Investor Relations Sr. Analyst Questions? Contact: investor.relations@assurant.com © 2025 Assurant, Inc. All rights reserved. Company confidential. 15
Slide 16: We have a track record of strong Adj. earnings and Adj. EPS growth
We have a track record of strong Adj. earnings and Adj. 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, Adj. EPS, excl. excl. cats(1) 13.
Slide 17: Track Record of Strong Growth Over the Long Term
Track Record of Strong Growth Over the Long Term Demonstrated Resilience Over Time Through Various Economic Environments Returned $3.7B of capital to Adj. EBITDA, excl. cats(1) Adj. EPS, excl. cats(1) shareholders(2) since 2019 ($ millions) ($ millions) $2,000 $4,000 Cumulative 12% 5-year 18% 5-year
Slide 18: 2025 Outlook: Adjusted EBITDA to Adjusted Earnings Walk
2025 Outlook: Adjusted EBITDA to Adjusted Earnings Walk 2024 2025 Actuals Outlook (1) Adjusted EBITDA, excl. cats (millions) $1,569 Approaching 10% growth (-) Depreciation Expense $(139) ~$(150) (-) Interest Expense $(107) ~$(110) (-) Taxes $(253) ~19-21% (1) Adjusted Earnings, excl. cats (millions)
Slide 19: Exhibit 1: Safe Harbor Statement
Exhibit 1: Safe Harbor Statement Some of the statements in this presentation, including our business and financial plans and any statements regarding our anticipated future financial performance, business prospects, growth, operating strategies, valuation and similar matters, such as performance out
Slide 20: Exhibit 2: Non-GAAP Financial Measures
Exhibit 2: Non-GAAP Financial Measures Assurant uses the following non-GAAP financial measures to analyze the company’s operating performance. Assurant’s non-GAAP financial measures should not be considered in isolation or as a substitute for GAAP financial measures. Because Assurant’s calculation o
Slide 21: Exhibit 2: Non-GAAP Financial Measures (Continued)
Exhibit 2: Non-GAAP Financial Measures (UNAUDITED) Twelve Months ($ in millions) 2024 2023 2022 2021 2020 2019 GAAP net income from continuing operations $ 760.2 $ 642.5 $ 276.6 $ 602.9 $ 519.4 $ 306.4 Less: Interest expense 107.0 108.0 108.3 111.8 104.5 110.6 Provision for income taxes 167.1 164.3
Slide 22: Exhibit 2: Non-GAAP Financial Measures (Continued)
Exhibit 2: Non-GAAP Financial Measures (Continued) Adjusted Earnings per Diluted Share: Assurant uses Adjusted earnings per diluted share as an important (UNAUDITED) 3Q Nine Months measure of the company’s stockholder value. Assurant ($ in millions) 2025 2024 2025 2024 defines Adjusted earnings per
Slide 23: Exhibit 2: Non-GAAP Financial Measures (Continued)
Exhibit 2: Non-GAAP Financial Measures (Continued) (UNAUDITED) 3Q Nine Months 2025 2024 2025 2024 GAAP net income per diluted share $ 5.17 $ 2.55 $ 12.55 $ 10.60 Adjustments per diluted share, pre-tax: Net realized losses (gains) on investments and fair value 0.26 0.35 0.99 0.89 changes to equity se
Slide 24: Exhibit 2: Non-GAAP Financial Measures (Continued)
Exhibit 2: Non-GAAP Financial Measures (Continued) (UNAUDITED) Twelve Months ($ in millions) 2024 2023 2022 2021 2020 2019 GAAP net income from continuing operations $ 760.2 $ 642.5 $ 276.6 $ 602.9 $ 519.4 $ 306.4 Adjustments, pre-tax: Net realized losses (gains) on investments and fair value change
Slide 25: Exhibit 2: Non-GAAP Financial Measures (Continued)
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 (gains) on investments and
Slide 26: Exhibit 2: Non-GAAP Financial Measures (Continued)
Exhibit 2: Non-GAAP Financial Measures (Continued) (UNAUDITED) 3Q Nine Months ($ in millions) 2025 2024 2025 2024 GAAP Global Housing Adjusted EBITDA $ 256.3 $ 92.4 $ 583.1 $ 445.8 Reportable catastrophes, pre-tax 2.9 136.8 189.4 195.2 Global Housing Adjusted EBITDA, excluding reportable catastrophe
Slide 27: Exhibit 2: Non-GAAP Financial Measures (Continued)
Exhibit 2: Non-GAAP Financial Measures (Continued) Global Housing Non-Catastrophe Loss Ratio: Assurant uses the Global Housing non-catastrophe loss ratio as an important measure of the segment's operating performance. Assurant defines the Global Housing non-catastrophe loss ratio as segment policyho
Slide 28: Exhibit 2: Non-GAAP Financial Measures (Continued)
Exhibit 2: Non-GAAP Financial Measures (Continued) ROE: Assurant uses annualized operating return on common stockholders' equity, excluding AOCI ("ROE"), as an important measure of the company’s operating performance. Assurant defines ROE as Adjusted earnings (defined above) divided by average commo
Slide 29: Exhibit 2: Non-GAAP Financial Measures (Continued)
Exhibit 2: Non-GAAP Financial Measures (Continued) ROTE: Assurant uses annualized operating return on tangible common stockholders' equity, excluding AOCI ("ROTE"), as an important measure of the company’s operating performance. Assurant defines ROTE as Adjusted earnings (defined above) divided by a
Slide 30: Exhibit 2: Non-GAAP Financial Measures (Continued)
Exhibit 2: Non-GAAP Financial Measures (Continued) The company outlook for Adjusted earnings, excluding reportable catastrophes, per diluted share and, for Assurant and Global Housing, Adjusted EBITDA, excluding reportable catastrophes, each constitute forward-looking non-GAAP financial measures and
Slide 31: Exhibit 3: Regulatory Requirements
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 requirements. Those are typical
Slide 32: Exhibit 4: Peer Earnings Definition from S&P Capital IQ
Exhibit 4: 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 noncontrolling interest,