Slide 1: Fourth Quarter & Full-Year 2025 Results
Fourth Quarter & Full-Year 2025 Results Investor Presentation © 2026 Assurant, Inc. All rights reserved. Company confidential. 1
Slide 2: 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: Full-Year 2025: Delivered Outperformance
Full-Year 2025: Delivered Outperformance Our Powerful B2B2C Business Model Continues to Drive Differentiated Results +11% growth Adjusted EBITDA, 9th consecutive year of profitable growth excl. cats(1) Strong capital position fueled by a $120 million increase in cash generation(2) $925M +12% growth
Slide 5: Track Record of Strong Growth Over the Long Term
Track Record of Strong Growth Over the Long Term 2025 Builds on a Multi-Year Track Record of Strong, Resilient Performance Adj. EBITDA, excl. cats(1) ROE(2) 5-Year Track $1,734 16% Record $1,008 11% 14% 5yr CAGR Total Shareholder Return of 93%(3) 5yr Avg 2020 2025 + 2025 = Adj. EPS, excl. cats(1) RO
Slide 6: Global Lifestyle Highlights
GLOBAL LIFESTYLE Global Lifestyle Highlights Global Lifestyle Adjusted EBITDA ($ millions) Mid-Single Digit Earnings Growth Driven by Strength Across Our Businesses Connected Living +4% $801 • Mid-single digit earnings growth supported by targeted investments $773 • Strength of global mobile device
Slide 7: Global Housing Highlights
Global Housing Global Housing Highlights Global Housing Adjusted EBITDA, excl. cats(1) ($ millions) Delivered Third Consecutive Year of Double-Digit Growth in $1,058 Adjusted EBITDA, excl. cats(1) +15% $916 Homeowners • Delivered another outstanding year – driven by 12% top-line growth • Demonstrate
Slide 8: Executing Strategic Priorities
Executing Strategic Priorities Translating Strategic Priorities into Business Results Increased Prioritized Attachment Won New Expanded 1 Rates with Existing 2 Clients Globally 3 Investments in Core 4 into New Markets Markets Partners 2025 – Execution in Action Connected Living Global Automotive Hom
Slide 9: Assurant Home Warranty – Expanding Home Protection
Assurant Home Warranty – Expanding Home Protection Redefining Home Warranty through launch of Assurant Extends Assurant’s Home Protection Capabilities into Home Warranty the Home Warranty Real Estate Channel • Long-term relationship with Compass International Holdings (CIH); • Expands our total addr
Slide 10: Assurant Represents an Attractive Investment with Meaningful Upside
Assurant Represents an Attractive Investment with Meaningful Upside 1 Powerful Business Model Focus on B2B2C distribution, 2 Track Record of Winning Long-tenured client base 3 Strong Performance with Less Volatility Delivered 9 consecutive 4 Compelling Growth Opportunities Ahead Reinforce position i
Slide 11: Enterprise Q4'25 Financial Highlights
ENTERPRISE Enterprise Q4’25 Financial Adjusted EBITDA, excl. cats(1) ($ millions) Highlights +3% Momentum Across both Global Housing and Global Lifestyle $446 $432 Growth Delivered Growth in Adjusted EBITDA and Adjusted EPS, both excl. cats(1) • Continued growth across both Global Lifestyle and Glob
Slide 12: Q4'25 Segment Financial Highlights
Q4’25 Segment Financial Global Lifestyle Adjusted EBITDA ($ millions) Highlights Q4 2025 Global Lifestyle Highlights $192 +2% $195 • Adjusted EBITDA increased 2%; excluding a $7 million non run-rate inventory adjustment, 72 74 Global Lifestyle’s underlying Adj. EBITDA increased by 6% • Connected Liv
Slide 13: Significant Cash Generation and Balanced Capital Allocation Create Shareholder Value
Our Significant Cash Generation and Balanced Capital Allocation Create Shareholder Value Returned $138 million to Shareholders in Q4’25; $468 million for the full-year Significant Cash Common Stock Share Organic Investment Generation Dividends Repurchases and M&A Business Segment Dividends (2020-202
Slide 14: 2026 Enterprise Outlook
2026 Enterprise Outlook 2026 Enterprise Outlook: Adj. EBITDA, excl. cats(1) 2026 Ex. FY’25 2025 2026 Outlook ex. 2025 PYD(2), mid- Results Outlook PYD(2) to-high- $1,734 single-digits $113 Adjusted EBITDA, Consistent with Mid-to-high- $1.734B $1,621 excl. cats(1) 2025 Levels single-digits 2025 2026
Slide 15: Questions? Investor Relations Contacts
Rebekah Biondo Sean Moshier Deputy Chief Financial Officer Head of Investor Relations Rachel Glascock Investor Relations Director Questions? Contact: investor.relations@assurant.com © 2026 Assurant, Inc. All rights reserved. Company confidential. 15
Slide 16: Appendix
Appendix © 2026 Assurant, Inc. All rights reserved. Company confidential. 16 18
Slide 17: 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) 2020 – TTM Q3’2025 Earnings Growth Comparison EPS Growth Comparison 15.1% 19.2% Adj. earnings, Adj. EPS, incl. incl. cats(1) cats(1) 12.0% 15.7% 13.4% 17.6% Adj. earnings, Adj. EPS, excl. excl. cat
Slide 18: 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 Consistent with 2025 Levels (-) Depreciation Expense $(156) ~$(175) (-) Interest Expense $(110) ~$(113) (-) Taxes $(293) ~20-22% (1) Adjusted Earnings, excl. cats (mill
Slide 19: Exhibit 1: Safe Harbor Statement
Exhibit 1: Safe Harbor Statement Some of the statements in this presentation, including our business and financial plans and any statements regarding our anticipated future financial performance, business prospects, growth, operating strategies, valuation and similar matters, such as performance out
Slide 20: Exhibit 2: Non-GAAP Financial Measures
Exhibit 2: Non-GAAP Financial Measures Assurant uses the following non-GAAP financial measures to analyze the company’s operating performance. Assurant’s non-GAAP financial measures should not be considered in isolation or as a substitute for GAAP financial measures. Because Assurant’s calculation o
Slide 21: Exhibit 2: Non-GAAP Financial Measures (Continued)
Exhibit 2: Non-GAAP Financial Measures (UNAUDITED) Twelve Months ($ in millions) 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) (UNAUDITED) 4Q Twelve Months ($ in millions) 2025 2024 2025 2024 GAAP Global Housing Adjusted EBITDA $ 275.6 $ 225.4 $ 858.7 $ 671.2 Reportable catastrophes, pre-tax 9.4 50.0 198.8 245.2 Global Housing Adjusted EBITDA, excluding reportable catastrop
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) 4Q measure of the company’s stockholder value. Assurant defines Adjusted earnings per diluted share as net ($ in millions) 2025 2024 i
Slide 24: 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 25: Exhibit 2: Non-GAAP Financial Measures (Continued)
Exhibit 2: Non-GAAP Financial Measures (Continued) (UNAUDITED) 4Q 2025 2024 GAAP net income per diluted share $ 4.41 $ 3.87 Adjustments per diluted share, pre-tax: 0.40 0.56 Net realized losses (gains) on investments and fair value changes to equity securities Amortization of purchased intangible as
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 developmen
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,