Fiscal year ends DecLast earnings: May 6, 2026Est. next earnings: Aug 6, 2026
Latest Score
9.0/ 10
+1.0vs prior
4-Period Change
+2.0
vs Q1 '25
Challenge RatePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
4%
All quarters
9.0out of 10Positive
Sentiment · FY2026 Q1
Q4 '24Q1 '26
Top Analysts & Firms
Most Active Analysts
Analyst
Firm
Questions
ChallengePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
Base7Base 7GAAP revenue YoY +11.3% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript0Transcript 0GAAP revenue is clean, no distortion.+EPS+1EPS +1GAAP EPS YoY +92.93% vs revenue YoY +11.26%, spread +81.67 percentage points. operating income YoY +82.69%, operating income spread +71.43 percentage points — both outside +5 percentage points, same direction, confirms +1. Base-year distortion noted: FY2025-Q1 OI was depressed by catastrophe losses (OI -37.28% YoY), inflating FY2026-Q1 rebound. Management reports adjusted EPS +9% ex cats; adjusted spread = 9.0% - 11.26% = -2.26 percentage points (inside +/-5 percentage points) → would give 0. OI cross-check disagrees (operating income spread +71.43 percentage points → +1); cat losses not on qualifying charge list → OI wins.+Guidance+1Guidance +1Management raised FY2026 outlook: 'increasing our outlook for Lifestyle and now expect growth of approximately 10%.' Overall adjusted EBITDA/EPS outlook increased to low single digits ex cats (high single digits ex development). Share repurchases moved to high end of range ($300-350M). Revision of existing same-year guidance, qualitative raise.=Final9
How this score was built
Base7Base 7GAAP revenue YoY +11.3% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript0Transcript 0GAAP revenue is clean, no distortion.+
Macro Signals
→Housing↑Consumer Spending↑AI & Tech
Assurant delivered an outstanding Q1 with net earned premiums, fees and other income growing 11% and adjusted EBITDA surging 20%, led by record Connected Living growth and a Global Automotive earnings inflection that had been building over several quarters. Prior-year reserve development created a headwind, though underlying fundamentals were strong across both segments. Management raised full-year guidance to low single-digit growth in adjusted EBITDA and EPS excluding catastrophes, benefiting from a favorable reinsurance renewal.
Key Themes7
positive📊 company
Record Connected Living Growth
Connected Living EBITDA increased 18%, led by expansion with existing clients and optimization of recently added programs, with 4.3 million subscriber additions year-over-year and nearly 69 million devices protected globally.
Revenue GrowthSubscriber Growth
positive📊 company
Global Automotive Earnings Inflection
Global Automotive adjusted EBITDA increased 23%, or 9% excluding a $10 million real estate gain, driven by favorable loss experience from prior rate actions and claims process enhancements.
EPS +1GAAP EPS YoY +92.93% vs revenue YoY +11.26%, spread +81.67 percentage points. operating income YoY +82.69%, operating income spread +71.43 percentage points — both outside +5 percentage points, same direction, confirms +1. Base-year distortion noted: FY2025-Q1 OI was depressed by catastrophe losses (OI -37.28% YoY), inflating FY2026-Q1 rebound. Management reports adjusted EPS +9% ex cats; adjusted spread = 9.0% - 11.26% = -2.26 percentage points (inside +/-5 percentage points) → would give 0. OI cross-check disagrees (operating income spread +71.43 percentage points → +1); cat losses not on qualifying charge list → OI wins.
+
Guidance+1Guidance +1Management raised FY2026 outlook: 'increasing our outlook for Lifestyle and now expect growth of approximately 10%.' Overall adjusted EBITDA/EPS outlook increased to low single digits ex cats (high single digits ex development). Share repurchases moved to high end of range ($300-350M). Revision of existing same-year guidance, qualitative raise.
=
Final9
Prior Year Reserve Development Headwind
Global Housing underlying results were level year-over-year excluding cats, overcoming $94 million of lower favorable prior year reserve development that weighs on reported growth.
Margin
positive📊 company
Favorable Catastrophe Reinsurance Renewal
Cat reinsurance costs declined to approximately $180 million from $200 million in 2025, with comparative rates down north of 20%, reflecting favorable market pricing and lower Florida exposure.
Cost Pressure
positive📊 company
Accelerated Capital Returns
Returned $169 million to shareholders in Q1 including $125 million of share repurchases, with full-year buyback outlook raised to $300 million to $350 million at the high end of initial range.
Capital Allocation
positive📊 company
Home Warranty Launch With Compass
Home Warranty partnership with Compass International Holdings spanning 6 U.S. real estate brands continues to ramp, with agent education and product penetration progressing well.
Product Launch
positive📊 company
AI-Driven Operational Efficiency
Deploying AI and automation across Global Automotive for dealership training, claims processing and customer experience, while housing general expenses grew only 2% versus 11% revenue growth.
Innovation & R&DCloud & AI
should we think about the seasonality of your cat load being a little different just given the geographic shifts