AIZ · 8-K · 20260804PR000039

Operating Income and Margins

ASSURANT, INC. · 2026-08-04 · Importance 59 · Surprise 48

Second-quarter GAAP net income increased 27% to $298.6 million from $235.3 million, while income before taxes increased 30% to $376.9 million from $289.0 million. Adjusted EBITDA increased 24% to $479.2 million, and Adjusted EBITDA excluding reportable catastrophes increased 18% to $491.4 million. The improvement was driven by stronger Global Lifestyle and Global Housing earnings and lower reportable catastrophes, which declined to $12.2 million from $29.8 million. Global Housing’s underlying improvement reflected favorable non-catastrophe loss experience, lower catastrophe reinsurance costs and lower-than-typical claims frequency, partly offset by $12 million of lower favorable prior-period reserve development.

Key facts