Overview
- Assurant posted its strongest first quarter on record, driven by Global Lifestyle with Connected Living earnings up 18% and Global Automotive up 23%.
- Adjusted EBITDA rose 6% and adjusted EPS rose 9% excluding catastrophes, and management guided to low single-digit growth for 2026 on the same basis.
- Mobile reach grew to nearly 69 million protected devices after a T-Mobile portfolio migration and a new reverse logistics engagement with another large U.S. carrier.
- Consumers gained new options, including an Xfinity Mobile plan with lifetime device protection and an upgrade-anytime benefit plus expanded loss and theft coverage for Verizon prepaid brands.
- The company returned $169 million via buybacks toward a $300–$350 million 2026 goal, absorbed $24 million in Q1 catastrophe losses, and finalized a cheaper 2026 reinsurance program with a $160 million per-event retention and roughly $1.6 billion of coverage.