AI-extracted from the 10-Q filed 2026-08-06 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Assurant's net income rose 27% YoY to $298.6M in Q2 FY2026, driven by 21% Global Lifestyle and 28% Global Housing Adjusted EBITDA growth and lower catastrophe losses.
Biggest Revenue Drivers
Global Lifestyle$2,670.2M+10% YoY
Driven by Connected Living growth from global supply chain volumes and device protection programs, plus higher contributions from extended service contracts and financial services
Global Housing$783.4M+7% YoY
Growth in various specialty products, lower catastrophe reinsurance premiums, higher average Homeowners premiums, and growth in private flood business
Biggest Revenue Drivers
Total revenue: $3,454.2M
Global Lifestyle$2,670.2M+10% YoY
Driven by Connected Living growth from global supply chain volumes and device protection programs, plus higher contributions from extended service contracts and financial services
Within Global Lifestyle
Connected Living$1,554.5M
Growth from global supply chain volumes, device protection programs, extended service contracts including a recently launched U.S. program, and financial services
Global Automotive$1,018.4M
Results reflected higher global partnership contributions
Global Housing$783.4M+7% YoY
Growth in various specialty products, lower catastrophe reinsurance premiums, higher average Homeowners premiums, and growth in private flood business
Largest Expense Items
Selling and underwriting expenses (Global Lifestyle)$1,267.7M+3% YoY
Increase in commission expenses in Connected Living tied to device protection program growth, partially offset by a decline in Global Automotive
Primarily due to Connected Living, mainly driven by growth in extended service contracts, including a recently launched U.S. program
General expenses (Global Lifestyle)$343.0M+9% YoY
Higher employee-related expenses to support growth initiatives
Cost of sales (Global Lifestyle)$302.6M+31% YoY
Mainly driven by higher volumes in domestic supply chain programs
Margins: Global Lifestyle Adjusted EBITDA grew 21% and Global Housing 28%, aided by lower reportable catastrophes and favorable non-catastrophe loss experience, while Corporate and Other expenses rose on higher employee costs and home warranty investment, and a higher effective tax rate partly offset overall net income growth.
Watch Items from the Filing
Income tax expense rose to $78.3M from $53.7M, reflecting a higher effective tax rate mainly due to higher transferrable tax credits reported in the prior-year quarter.
2026 catastrophe reinsurance program provides $1.59B of per-occurrence coverage in excess of a $160.0M retention at an estimated $181.7M pre-tax premium, down from $210.0M in 2025.
$574.5M remains available under the $700.0M share repurchase authorization after $200.1M of repurchases in the first six months of 2026.
Two debt maturities approach within five years: $300.0M Senior Notes due March 2028 and $350.0M Senior Notes due February 2030.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
About ASSURANT, INC. (AIZ): stock profile, AI score and financials
ASSURANT, INC. (AIZ) stock profile, AI quality score, and SEC EDGAR financial data, a Financials sector company. 13F Pro's AI-powered ranking engine scores AIZ at 66.4/100 on a composite quality score built from its SEC filings, placing it at rank #410 of 2,925 stocks — the top 25% of the AI-ranked universe. AIZ scores in the top quartile across revenue scale (88.9). Based on the latest XBRL financial filings (Q2 2026), ASSURANT, INC. reports quarterly revenue of $3.5B, net income of $298.6M, an operating margin of 10.9%. Top institutional holders of AIZ by reported 13-F value include BlackRock, Bank of New York Mellon, VANGUARD CAPITAL MANAGEMENT, based on the most recent SEC filings. AIZ trades on the NYSE exchange and files with the SEC under CIK 1267238. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate AIZ daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for ASSURANT, INC. directly from SEC EDGAR.