Assurant, Inc.: Expansion into Connected Living and Auto Services

Assurant, Inc., in its second quarter of 2024, has demonstrated robust financial performance, largely driven by its strategic operations in Global Housing and momentum in Connected Living within the Global Lifestyle segment. This performance showcases the effectiveness of Assurant’s housing and lifestyle business model, allowing the company to raise its growth expectations for the year. Beginning with the positives, Assurant has recorded a 29% increase in adjusted EPS and a 20% rise in adjusted EBITDA year to date, excluding reportable catastrophes. The company’s Global Housing division has shown a significant increase in earnings by nearly 45%, signifying healthy market dominance and a successful business model that caters effectively to current market demands. Contributory to this success, new client acquisitions like Bank of America and expanded dealings such as the multiyear contract extension with T-Mobile reflect Assurant’s strong relational ties and operational competence in its field.