Assurant, IncNYSE: AIZ
Financials · Multi-line Insurance
$272.24
+0.43%
Vol: 78K
Research Digest
Friday, June 19, 2026
Assurant reported its strongest quarter in company history in Q1 2026 with GAAP net income up 87% to $274M and adjusted EPS of $5.95, lifting full-year outlook as mobile device protection expands to 69 million devices globally.
Assurant (AIZ) delivered record Q1 2026 results with GAAP net income of $274.1 million, up 87% year-over-year, and diluted EPS of $5.41 versus $2.83 a year ago. Adjusted EBITDA grew 56% to $441.5 million and adjusted EPS rose 76% to $5.95, prompting management to increase its full-year 2026 outlook. The Global Lifestyle segment drove results, supported by the successful migration of U.S. Cellular subscribers following T-Mobile's acquisition, expanding mobile protection to nearly 69 million devices globally. The Global Automotive segment saw 23% earnings growth via disciplined rate actions. In June, Assurant also announced it returned $1.63 billion in consumer value through mobile trade-in programs in Q1 (up 31% year-over-year), and the company was selected by Owen as risk carrier for embedded travel insurance. The Board declared a quarterly dividend of $0.88 per share payable June 29. Stock trades near $261.
Previous Market Intelligence
13 daysJun 18No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 17No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 16No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 15No significant overnight updatesNeutral▶
No material news in the last 48 hours.
Jun 14No significant overnight updatesNeutral▶
No material news in the last 48 hours.
May 21Assurant CFO Keith Meier sold 25,000 shares on May 15 at weighted-average $254.31 under a Rule 10b5-1 plan, following Q1 2026 adjusted EPS of $5.95 beating $5.29 consensus and a raised full-year outlook.Positive▶
Assurant's Q1 2026 results released May 5 delivered revenue of $3.42B (+11.3% YoY) and net income of $274.1M, with adjusted EPS of $5.95 ahead of the $5.29-$5.35 consensus. The quarter was driven by exceptional growth in Global Lifestyle, particularly Connected Living and Global Automotive, plus a major new T-Mobile mobile protection partnership. Management raised full-year guidance and now expects adjusted EBITDA and EPS to increase in the low single digits (high single digits ex prior-year reserve development). The company repurchased $125M of shares in Q1 plus an additional $30M between April 1 and May 1. CFO Keith Meier sold 25,000 shares on May 15 at $254.31 under a pre-arranged 10b5-1 plan. The Annual Meeting of Stockholders is scheduled for May 21.
May 20Assurant posted its strongest Q1 in company history with adjusted EPS of $5.95 up 76%, raised full-year guidance, and saw Truist lift its price target to $290.Positive▶
Assurant reported Q1 2026 revenue of $3.42B (up 11.3% YoY) and net income of $274.1M, with adjusted EPS of $5.95 beating the $5.35 consensus by $0.60 - its strongest quarter ever. Adjusted EBITDA grew 6% and adjusted EPS grew 9% (excluding catastrophes), driven by exceptional Global Lifestyle segment growth - particularly Connected Living and Global Automotive - including a major mobile protection migration with T-Mobile. The company raised its full-year enterprise outlook, now expecting adjusted EBITDA and adjusted EPS (excluding catastrophes) to increase in the low single digits, or high single digits excluding prior year reserve development. Assurant repurchased $125M in shares during Q1 plus an additional $30M through May 1. Truist Securities raised its price target to $290 from $280 (Buy) on May 7, and CFO Keith Meier sold 25,000 shares at $254.31 under a 10b5-1 plan on May 15.
May 19Assurant raised 2026 outlook after record Q1 with adj EPS up 76% to $5.95; Truist lifted PT to $290 (Buy).Positive▶
Assurant reported its strongest quarter in company history on May 5/6, with Q1 2026 revenue of $3.42B (+11.3% YoY), net income of $274.1M, adjusted EBITDA of $466M, and adjusted EPS of $5.95 (+76% YoY) excluding catastrophes, topping consensus by 11.7%. CEO Keith Demmings highlighted client program expansions, a major T-Mobile mobile protection partnership migration, and double-digit earnings growth in Connected Living and Automotive. The company raised its 2026 enterprise outlook for adjusted EBITDA and adjusted EPS (excluding catastrophes) to low single-digit growth, or high single-digit excluding lower favorable prior-year reserve development. Q1 share repurchases totaled $125M with $30M more from April 1 to May 1. Shares rose 4.2% on May 14 to $252.72. Truist Securities maintained Buy and raised PT to $290 from $280 on May 7. CFO Keith Meier sold 25,000 shares on May 15 at an avg $254.31 under a 10b5-1 plan. Annual Meeting is set for May 21.
May 18Assurant shares rose 4.2% on May 14 to $252.72 after Q1 2026 adjusted EPS of $5.95 (+76% YoY, beating $5.35 est) prompted a raised full-year outlook and Truist price target increase to $290.Positive▶
Assurant reported its strongest quarter in company history on May 5, with Q1 2026 revenue up 11.4% to $3.42B, net income of $274.1M, and adjusted EPS of $5.95 (+76% YoY, beating $5.35 estimate). Adjusted EBITDA reached $466M. CEO Keith Demmings highlighted expanded client programs, new mobile partnerships including a major T-Mobile migration, and double-digit growth in both Connected Living and Automotive segments. The company raised 2026 enterprise outlook, now expecting Adjusted EBITDA and EPS (ex-cat) to grow low single digits (high single digits ex-PYD impact), with Global Lifestyle EBITDA expected to grow ~10%. Q1 buybacks totaled $125M plus $30M between April 1 and May 1. Truist Securities (Mark Hughes) maintained Buy and raised PT from $280 to $290 on May 7. Annual Meeting set for May 21. Shares rose 4.2% on May 14 to $252.72.
May 15Morgan Stanley upgrades Assurant to Overweight; Truist raises PT to $290 after record Q1 EPS surge of 76% YoYPositive▶
Assurant shares rose 4%+ after Morgan Stanley upgraded the stock to Overweight from Equal Weight and raised its PT to $285 from $240. Q1 2026 results delivered an adjusted EPS of $5.95 versus the $5.35 consensus (+76% YoY) on revenue of $3.42B (+11.3% YoY beat). The quarter was the strongest in company history, driven by Global Lifestyle outperformance including a major mobile-protection migration with T-Mobile and double-digit growth in Connected Living and Global Automotive. The company raised FY26 adjusted EBITDA and EPS outlook (low single digits ex-cat; high single digits ex-prior-year reserve development), with Global Lifestyle now expected to grow ~10%. Truist raised PT to $290 from $280 (May 7). Shares hit an all-time high near $246.82. Risk: stock has rallied 13% in 3 months and GF Value flags overvaluation after the 4.2% rally.
May 14Assurant hits all-time high near $247 after record Q1 with 76% EPS jump and raised 2026 outlook driven by Global LifestylePositive▶
Assurant reported a record Q1 2026 with adjusted EPS of $5.95, up 76% YoY and well above consensus of $5.33, while revenue rose 11.4% to $3.4 billion on strong investment income and segment growth. Global Lifestyle was the primary growth driver with adjusted EBITDA up 20% YoY to $237 million. The company raised its full-year 2026 outlook, expecting adjusted EBITDA and adjusted EPS (ex-catastrophes) to grow low single digits, or high single digits excluding lower favorable prior year reserve development. AIZ shares reached an all-time high of $246.82, and Assurant has now raised its dividend for 22 consecutive years. BMO Capital reiterated a Buy rating, with consensus average target around $256.83. Risks include catastrophe loss volatility and softer reserve development going forward.
May 13Assurant posted its strongest quarter ever with Q1 EPS of $5.95 (vs. $5.35 est.) and raised full-year guidance; Truist hiked its PT to $290 with a Buy rating.Positive▶
Assurant reported Q1 2026 results on May 5 with adjusted EPS of $6.33 ex-catastrophes (reported $5.95 vs. $5.35 consensus) and revenue up 11.3% YoY to $3.42 billion — what management called the strongest quarter in company history. Global Lifestyle was the standout with 20% adjusted EBITDA growth, and total adjusted EBITDA reached $466 million. The company raised its full-year outlook to low-single-digit adjusted EBITDA/EPS growth ex-catastrophes (high-single-digits ex-favorable prior-year reserve development) and now expects to repurchase $300-$350 million in shares (top end of guide). On May 7, Truist's Mark Hughes maintained Buy and raised the PT to $290 from $280. Risk: hurricane-season catastrophe exposure remains the key downside swing factor.
May 12Truist Securities raised its Assurant price target to $290 from $280 (Buy) on May 7, citing record Q1 results and a raised full-year outlook.Positive▶
On May 7, Truist analyst Mark Hughes raised AIZ's price target to $290 from $280 and maintained a Buy rating following the May 5 earnings beat. Q1 2026 adjusted EPS came in at $5.95 vs. $5.35 consensus on revenue of $3.42B (+11.3% YoY) — the strongest quarter in company history. Management raised the full-year outlook with Global Lifestyle adjusted EBITDA now expected to grow ~10%. The company returned $169M to shareholders in Q1 and bought back another $30M in shares between April 1 and May 1. Bear case: Global Housing is still expected to decline modestly, and catastrophe exposure remains a structural risk into hurricane season.
Sector Peers
| Company | Price | Day | 1M | Fwd P/E | Beta | Mkt Cap |
|---|---|---|---|---|---|---|
| AIGAMERICAN | $75.73 | +0.73% | +0.9% | 8.6x | 0.51 | $39.3B |
| LLOEWS | $106.00 | +0.09% | -0.8% | 36.5x | 0.51 | $21.7B |
| AIZASSURANT | $272.24 | +0.43% | -2.3% | 11.6x | 0.54 | $13.4B |
| BRK.BBERKSHIRE | $509.44 | +1.18% | +0.3% | 22.7x | 0.60 | $1.08T |
| JPMJPMORGAN | $337.80 | -0.65% | -3.4% | 13.6x | 0.97 | $903.8B |
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