1) Strong Financial Performance and Growth
- Assurant reported record earnings for Q2 2026, with adjusted EBITDA growth of 18% and adjusted EPS growth of 19%, both excluding reportable catastrophes.
- Year-to-date, adjusted EBITDA grew by 12% and adjusted EPS by 14%, excluding catastrophes.
- The company has achieved a compound annual growth rate (CAGR) of 11% in adjusted EBITDA and 17% in adjusted EPS since 2020, excluding catastrophes.

2) Segment Highlights and Strategic Partnerships
- Global Lifestyle: Adjusted EBITDA increased by 21%, driven by a 29% increase in Connected Living, benefiting from client growth and optimization of programs.
- Global Automotive: Adjusted EBITDA grew by 6%, supported by expanding global partnerships and improving loss experience.
- Global Housing: Adjusted EBITDA was $287 million, up 18% excluding catastrophes, aided by a lower non-cat loss ratio and new partnerships, including a significant deal with Freedom Mortgage.

3) Operational Investments and Innovations
- Assurant continues to invest in technology, data, and AI to enhance operational capabilities and customer experience.
- The company has expanded its Connected Living offerings, including reverse logistics and financial services, which have contributed to subscriber growth.
- Investments in the housing segment are expected to enhance service delivery and operational efficiency, particularly through the Cover360 platform.

4) Capital Allocation and Shareholder Returns
- Assurant has a strong liquidity position of $911 million, allowing for continued investments and shareholder returns.
- The company returned $123 million to shareholders in Q2, including $75 million in share repurchases and $48 million in dividends.
- The outlook for share repurchases has been increased to the upper end of the $300 million to $350 million range for 2026.

5) Guidance and Market Outlook
- Assurant expects mid-single-digit growth in adjusted EBITDA and adjusted EPS for the full year 2026, with approximately 10% underlying growth anticipated, excluding prior year reserve development.
- The company remains optimistic about growth in Global Lifestyle, particularly in Connected Living, and expects modest growth in Global Housing.
- The call did not provide specific figures on future M&A opportunities or detailed projections for 2027, which could be relevant for investors.

Bottom line: Assurant's strong Q2 performance, driven by robust growth across its segments and strategic investments, positions the company well for continued profitability and shareholder value creation, despite some market headwinds.