Assurant Q1 Earnings Call Highlights Assurant logo MarketBeat May 6, 2026 8 min read VZ AIZ Key Points Strongest Q1 ever: Assurant said record Global Lifestyle results and double‑digit growth in Connected Living (earnings up 18%) plus a 23% rise in Global Automotive powered the quarter, with nearly 69 million devices protected and expanded mobile partnerships (T‑Mobile, Xfinity, Verizon) and planned AI‑driven product rollouts. Capital return and outlook: Management accelerated buybacks, returned $169 million in Q1 and now targets $300–$350 million of share repurchases for 2026, while guiding to low‑single‑digit adjusted EBITDA and EPS growth excluding catastrophes (high single‑digit underlying growth excluding prior‑year reserve development). Housing and reinsurance: Global Housing included $24 million of Q1 catastrophes, and Assurant finalized a 2026 catastrophe reinsurance program with a $160 million per‑event retention, roughly $1.6 billion of coverage above retention and lower reinsurance premiums (~$180M vs ~$200M in 2025), supporting a targeted full‑year combined ratio in the low‑to‑mid 80s excluding prior‑year development.
Interested in Assurant, Inc.? Here are five stocks we like better. Assurant (NYSE:AIZ) reported what management described as the strongest first-quarter performance in the company's history, driven by record earnings in its Global Lifestyle segment and continued momentum across mobile device protection and related services.
On the company's first-quarter 2026 earnings call, President and CEO Keith Demmings said Assurant delivered 6% growth in adjusted EBITDA and 9% growth in adjusted EPS, both excluding reportable catastrophes. He added that, excluding impacts from Global Housing's prior-year reserve development, adjusted EBITDA and adjusted EPS grew 8% and 12%, respectively. → 3 Emerging Markets ETFs to Maximize Exposure to High-Potential Countries Demmings said the company used what he called the "strength and flexibility" of its capital position to accelerate share repurchases during the quarter, citing a "compelling valuation." Global Lifestyle posts record results as Connected Living expands Demmings said Global Lifestyle produced record earnings, with double-digit earnings growth in both Connected Living and Global Automotive. In Connected Living, he said earnings increased 18%, driven by expansion with existing clients and optimization of recently added programs. → The Real SpaceX Play: 5 Chip Stocks Powering the IPO Before It Launches During prepared remarks, Demmings highlighted four mobile-related announcements and expansions that he said reflect Assurant's momentum: Story Continues T-Mobile: Demmings said Assurant deepened its relationship with T-Mobile following the carrier's acquisition of UScellular, migrating "another large in-force mobile subscriber base." He said the company's total devices protected now stands at nearly 69 million devices globally.
Reverse logistics with another large U.S. carrier: Demmings said a new engagement expands services to support all device return and disposition channels, with devices processed through the company's automated Nashville Device Care Center. Xfinity Mobile: Demmings said Assurant expanded its partnership through a new rate plan that includes lifetime device protection for phones, tablets, and watches, plus an "upgrade anytime" benefit embedded in Xfinity's Mobile Plus plan. Verizon prepaid brands: Demmings said Verizon's Total Wireless Protect was expanded to include a more comprehensive loss and theft product, and that Straight Talk Protect was recently launched.
In response to analyst questions, Demmings pointed to three main drivers behind Connected Living's quarter: growth in device protection subscribers (up 4.3 million year-over-year, he said), maturing non-mobile programs such as relationships with Best Buy and Chase, and higher volumes in devices serviced supported by reverse logistics investments. Both Demmings and CFO Keith Meier said they still see "white space" for growth in Connected Living, including opportunities globally and in extended service contracts and financial services. Automotive earnings rise; AI initiatives outlined → Tyson Foods' Total Returns: Tasty Treats for Income Investors?
Demmings said Global Automotive earnings increased 23% in the quarter, benefiting from higher investment income and continued loss improvement, and said the business is positioned for continued growth in 2026. He also said Assurant plans to introduce new products and capabilities "fueled by AI" during 2026, aimed at enhancing dealership training, streamlining claims processing, and improving customer experience. Meier provided additional detail, noting Global Lifestyle adjusted EBITDA increased 20% year over year, or $39 million, including a $13 million real estate joint venture gain (with $10 million attributed to Global Automotive).
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