Assurant, Inc. · NYSE:AIZ
Assurant — Q2 2026 Earnings Presentation
32 slides from Assurant's earnings presentation, Aug 5, 2026
Slide 1: Second Quarter 2026 Results
Second Quarter 2026 Results Investor Presentation © 2026 Assurant, Inc. All rights reserved. Company confidential. 1
Slide 2: Presenters: Keith Demmings and Keith Meier
Keith Demmings Keith Meier President Executive Vice President & Chief Executive Officer & Chief Financial Officer © 2026 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: Delivered Another Record Quarter
GLOBAL LIFESTYLE Delivered Another Record Quarter Adjusted EBITDA, excl. cats (1) ($ millions) Record Earnings +18% $491 with Double-Digit $416 Growth Across Our Businesses Q2'25 Q2'26 (1) Excludes reportable catastrophes. Refer to Exhibit 2 in the Appendix for information regarding non-GAAP financi
Slide 5: Exceptional First Half 2026 Performance
Exceptional First Half 2026 Performance Well-Positioned To Deliver 10th Consecutive Year of Profitable Growth +12% growth Adjusted EBITDA, Delivered 12% Adjusted EBITDA growth and 14% Adjusted excl. cats(1) EPS growth, both excl. cats(1) Record Global Lifestyle Adjusted EBITDA $373M +14% growth Incr
Slide 6: Foundation for Success
Foundation for Success A differentiated strategy driving long-term growth and value creation 1 Deep Expertise in B2B2C Distribution 2 Beyond Protection 3 Clear Right to Win Trusted partner to the Integrated service Compete where scale and world’s leading brands ecosystems that drive value expertise
Slide 7: Global Lifestyle Highlights
GLOBAL LIFESTYLE Global Lifestyle Highlights Global Lifestyle Adjusted EBITDA ($ millions) Record Year-to-Date Performance Connected Living • Strong year-to-date performance with 24% earnings growth, including $10M $481 of Q2'26 non-run rate items +21% • Strong momentum from multiple growth vectors
Slide 8: Global Housing Highlights
GLOBAL HOUSING Global Housing Highlights Global Housing Adjusted EBITDA, excl. cats(1) ($ millions) Solid Growth; Major New Lender-Placed Partnership +7% $548 $513 Homeowners • Delivered 9% top-line growth • New partnership with a top 10 U.S. mortgage servicer representing approximately 2.6 million
Slide 9: Track Record of Profitable Growth Over the Long Term
Track Record of Profitable Growth Over the Long Term Differentiation Driven by Durable Growth Across Market Cycles Multiple Growth Embedded Resilient Well-Positioned Paths with Recurring Revenue Countercyclicality Risk Profile to Achieve 10th Consecutive Year of Profitable Multiple avenues of growth
Slide 10: Enterprise Q2'26 Financial Highlights
ENTERPRISE Enterprise Q2’26 Financial Adjusted EBITDA, excl. cats(1) ($ millions) Highlights +18% Growth $491 $416 Double-Digit Growth Across Assurant Delivered Growth in Adjusted EBITDA and Adjusted EPS, both excl. cats(1) Q2'25 Q2'26 • Growth led by both Global Lifestyle and Global Housing Continu
Slide 11: Q2'26 Segment Financial Highlights
Q2’26 Segment Financial Global Lifestyle Adjusted EBITDA ($ millions) Highlights $244 Q2 2026 Global Lifestyle Highlights $201 +21% • Adjusted EBITDA increased 21% or $43 million 74 70 • Connected Living Adjusted EBITDA increased 29% from optimization of new programs, expansion with existing clients
Slide 12: Cash Generation and Balanced Capital Allocation Create Shareholder Value
Our Significant Cash Generation and Balanced Capital Allocation Create Shareholder Value Returned $123 million to Shareholders in Q2’26 Significant Cash Common Stock Share Organic Investment Generation Dividends Repurchases and M&A 21 consecutive years ~70% $2.7B Business Segment Dividends (2020-1H’
Slide 13: 2026 Enterprise Outlook
2026 Enterprise Outlook 2026 Enterprise Outlook: Adj. EBITDA, excl. cats(1) 2025 2026 2026 Results Outlook(2) Outlook ex. $1,734 PYD(3) $42 $113 Ex. PYD(3), Adjusted EBITDA, Approximately ~10% $1.734B Mid single digits excl. cats(1) 10% $1,621 Adjusted EPS, Approximately $22.81 Mid single digits 202
Slide 14: Questions? Contact Investor Relations
Rebekah Biondo Sean Moshier Lyndsay Baker Deputy Chief Head of Investor AVP, Investor Financial Officer Relations Relations Questions? Contact: investor.relations@assurant.com © 2026 Assurant, Inc. All rights reserved. Company confidential. 14
Slide 15: Appendix
Appendix © 2026 Assurant, Inc. All rights reserved. Company confidential. 15 18
Slide 16: 2026 Outlook: Adjusted EBITDA to Adjusted Earnings Walk
2026 Outlook: Adjusted EBITDA to Adjusted Earnings Walk 2025 2026 Actuals Outlook (1) Adjusted EBITDA, excl. cats (millions) $1,734 Mid single digits (-) Depreciation Expense $(156) ~$(180) (-) Interest Expense $(110) ~$(113) (-) Taxes $(293) ~19-21% (1) Adjusted Earnings, excl. cats (millions) $1,1
Slide 17: Track Record of Strong Growth Over the Long Term
Track Record of Strong Growth Over the Long Term Multi-Year Track Record of Strong, Resilient Performance Adj. EBITDA, excl. cats(1) ROE(2) 5-Year Track $1,734 16% Record $1,008 11% 14% 5yr CAGR Total Shareholder Return of 93%(3) 5yr Avg 2020 2025 + 2025 = Adj. EPS, excl. cats(1) ROTE(2) Cumulative
Slide 18: Track Record of Strong Adj. Earnings and Adj. EPS Growth
We Have a Track Record of Strong Adj. Earnings and Adj. EPS Growth Assurant vs. P&C Market Median(1,2) 5-Year CAGR (2020 – 2025) Earnings Growth Comparison EPS Growth Comparison 15.2% 19.1% Adj. earnings, incl. cats(1) Adj. EPS, incl. 13.5% cats(1) 16.8% 12.8% 16.8% Adj. earnings, excl. cats(1) Adj.
Slide 19: Exhibit 1: Safe Harbor Statement
Exhibit 1: Safe Harbor Statement Some of the statements in this presentation, including our business and financial plans and any statements regarding our anticipated future financial performance, business prospects, growth, operating strategies, valuation and similar matters, such as performance out
Slide 20: Exhibit 2: Non-GAAP Financial Measures
Exhibit 2: Non-GAAP Financial Measures Assurant uses the following non-GAAP financial measures to analyze the company’s operating performance. Assurant’s non-GAAP financial measures should not be considered in isolation or as a substitute for GAAP financial measures. Because Assurant’s calculation o
Slide 21: Exhibit 2: Non-GAAP Financial Measures
Exhibit 2: Non-GAAP Financial Measures (UNAUDITED) Twelve Months ($ in millions) 2025 2024 2023 2022 2021 2020 GAAP net income from continuing operations $ 872.7 $ 760.2 $ 642.5 $ 276.6 $ 602.9 $ 519.4 Less: Interest expense 109.7 107.0 108.0 108.3 111.8 104.5 Provision for income taxes 214.7 167.1
Slide 22: Exhibit 2: Non-GAAP Financial Measures (Continued)
Exhibit 2: Non-GAAP Financial Measures (Continued) Twelve (UNAUDITED) 2Q Six Months Months ($ in millions) 2026 2025 2026 2025 2025 GAAP Global Housing Adjusted EBITDA $ 274.8 $ 214.4 $ 511.5 $ 326.8 $ 858.7 Reportable catastrophes, pre-tax 12.2 29.8 36.6 186.5 198.8 Global Housing Adjusted EBITDA,
Slide 23: 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) 2Q Six Months measure of the company’s stockholder value. Assurant defines Adjusted earnings per diluted share as (i) net ($ in millio
Slide 24: Exhibit 2: Non-GAAP Financial Measures (Continued)
Exhibit 2: Non-GAAP Financial Measures (Continued) (UNAUDITED) 2Q Six Months 2026 2025 2026 2025 GAAP net income per diluted share $ 5.95 $ 4.56 $ 11.34 $ 7.38 Adjustments per diluted share, pre-tax: Net realized losses (gains) on investments and fair value changes to equity securities 0.20 0.42 0.6
Slide 25: Exhibit 2: Non-GAAP Financial Measures (Continued)
Exhibit 2: Non-GAAP Financial Measures (Continued) (UNAUDITED) Twelve Months ($ in millions) 2025 2024 2023 2022 2021 2020 GAAP net income from continuing operations $ 872.7 $ 760.2 $ 642.5 $ 276.6 $ 602.9 $ 519.4 Adjustments, pre-tax: Net realized losses (gains) on investments and fair value change
Slide 26: Exhibit 2: Non-GAAP Financial Measures (Continued)
Exhibit 2: Non-GAAP Financial Measures (Continued) (UNAUDITED) Twelve Months 2025 2024 2023 2022 2021 2020 GAAP net income from continuing operations per diluted share $ 16.93 $ 14.46 $ 11.95 $ 5.05 $ 10.03 $ 8.21 Adjustments per diluted share, pre-tax: Net realized losses (gains) on investments and
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 comm
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 each of Adjusted earnings, excluding reportable catastrophes, per diluted share and, for Assurant and Global Housing, Adjusted EBITDA, excluding reportable catastrophes, each including and excluding 2025 prior year reserve de
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 Market Intelligence
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,