AIZ Q2 Earnings Beat Estimates on Lifestyle and Housing Strength
Zacks Equity Research
Wed, August 5, 2026 at 8:34 PM GMT+5:30
7 min read
Assurant, Inc. AIZ reported second-quarter 2026 adjusted earnings of $6.41 per share, which beat the Zacks Consensus Estimate of $5.16 by 24.2%. The bottom line increased 25.7% year over year.Revenues rose 9.4% to $3.46 billion and surpassed the consensus estimate of $3.40 billion by 1.8%. Results benefited from strong Global Lifestyle and Global Housing earnings, lower catastrophe losses and growth in segment net earned premiums, fees and other income
Assurant, Inc. Price, Consensus and EPS Surprise
Assurant, Inc. price-consensus-eps-surprise-chart | Assurant, Inc. Quote
AIZ Revenue Growth Reflects Broad-Based Gains
Net earned premiums increased 6.9% year over year to $2.77 billion. The figure was higher than our estimate of $2.71 billion. Fees and other income climbed 19.6% year over year to $554.6 million, reflecting continued expansion across the company’s protection and service programs. The figure was higher than our estimate of $500.3 million.Net investment income advanced 10.6% year over year to $142.4 million. The figure was lower than our estimate of $153.1 million. Total segment net earned premiums, fees and other income grew 8.9% to $3.32 billion, supported by gains in both operating segments.
Assurant Lifestyle Earnings Rise on Connected Living
Global Lifestyle revenues increased 9.5% year over year to $2.67 billion. The figure was higher than our estimate of $2.61 billion. Net earned premiums, fees and other income rose 9.4% year over year to $2.57 billion, primarily due to higher global supply-chain volumes, device protection programs, extended service contracts and financial services contributions. The figure was higher than our estimate of $2 billion.Adjusted EBITDA increased 21.4% year over year to $244.4 million. The figure was higher than our estimate of $196.2 million. Connected Living adjusted EBITDA surged 29.3% year over year to $170.4 million, including $10 million of favorable non-run-rate benefits. Excluding those benefits, earnings rose 22%, driven by global mobile growth and financial services.Global Automotive adjusted EBITDA increased 6.3% year over year to $74 million, aided by growth within global partnerships. The number of protected mobile devices rose 6.2% to 69 million, while serviced devices increased 32.1% to 7.4 million.
AIZ Housing Benefits From Better Loss Experience
Global Housing revenues increased 7% year over year to $783.4 million. The figure was higher than our estimate of $748.1 million. Net earned premiums, fees and other income advanced 7.2% year over year to $747.8 million, primarily reflecting Homeowners growth in specialty products and lender-placed insurance, along with lower catastrophe reinsurance costs. The figure was higher than our estimate of $709.3 million.Adjusted EBITDA rose 28.2% year over year to $274.8 million. The figure was higher than our estimate of $217.4 million. Excluding reportable catastrophes, adjusted EBITDA increased 17.5% to $287 million, mainly due to favorable non-catastrophe loss experience and lower-than-typical claims frequency.Reportable catastrophe losses declined to $12.2 million from $29.8 million. The Global Housing combined ratio improved 560 basis points year over year to 69.8%, while the loss ratio decreased 620 basis points year over year to 33.6%. Results were partly offset by $12 million of lower favorable prior-period reserve development.
