**Assurant Reports Fiscal Year 2025 Results**
Assurant, Inc., a global provider of risk management solutions, reported its financial results for the fiscal year ended December 31, 2025. The company's net income increased to $872.7 million, a 15% increase compared to $760.2 million in 2024. This growth was primarily driven by higher segment earnings in Global Housing, lower reportable catastrophes, and growth in Global Lifestyle, partially offset by a higher effective tax rate and restructuring costs. The company's total assets stood at $36.29 billion as of December 31, 2025, with a debt-to-total capital ratio of 27.3%.
The Global Lifestyle segment saw Adjusted EBITDA increase by 4% to $801.3 million, up from $773.4 million in the previous year. This was fueled by growth in Connected Living, particularly from global mobile programs and higher contributions from financial services. Global Automotive also contributed with improved loss experience. Net earned premiums, fees, and other income for Global Lifestyle rose by 7% to $9.58 billion, driven by global mobile programs and a new program in financial services. The Global Housing segment experienced a significant boost, with Adjusted EBITDA increasing by 28% to $858.7 million, compared to $671.2 million in 2024. This included a $46.4 million benefit from lower pre-tax reportable catastrophes. Excluding reportable catastrophes, Adjusted EBITDA increased 15% mainly due to top-line growth in lender-placed insurance and favorable non-catastrophe loss experience.
Strategic leadership appointments were made during the year, with Michael Campbell appointed Chief Operating Officer and Ryan Lumsden appointed President of Global Housing. These appointments are aimed at enhancing operational efficiency and leveraging global capabilities. The company also continued its focus on sustainability, emphasizing connected communities, respected resources, and a protected planet. Throughout 2025, Assurant maintained a strong balance sheet, generating $925.1 million in dividends or returns of capital from its subsidiaries and returning $468.3 million to shareholders through share repurchases and common stock dividends.
Looking ahead, Assurant aims to continue its long-term profitable growth by focusing on expanding its market-leading businesses, providing integrated offerings, strategically deploying capital, and investing in talent and technology. The company anticipates ongoing innovation in its integrated offerings, leveraging data-driven insights, technology, robotics, and AI to deliver additional value for clients and their customers. However, the company acknowledges potential risks, including maintaining client relationships, competitive pressures, and the impact of macroeconomic conditions.
About ASSURANT, INC.
Assurant, Inc. is a global protection company specializing in safeguarding connected devices, homes, and automobiles. Its key offerings include mobile device solutions, extended service contracts, and various insurance products through its Global Lifestyle and Global Housing segments. With a focus on leveraging data-driven technology and AI, Assurant targets growth in the expanding markets of mobile protection and housing insurance, while emphasizing sustainability and innovation in customer experience.
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