Assurant, Inc.: Will Its Stabilization & Improvement in Global Automotive Up Their Game? 

Assurant, Inc. posted solid financial results for the third quarter of 2024, showcasing continued growth and resilience. The company’s performance was primarily bolstered by its Global Housing segment and the Connected Living business within Global Lifestyle, although the latter experienced headwinds due to increased investments and forex volatility. Positives from the reported results include a 15% year-to-date increase in adjusted EBITDA and a 21% rise in adjusted earnings per share, excluding catastrophes. This indicates strong underlying growth and operational execution. Global Housing was a significant contributor, reporting a 34% increase in earnings year-to-date, when excluding catastrophes. This was driven largely by policy growth and placement rate improvements, indicating Assurant’s ability to leverage its advantages in a challenging macroeconomic environment.