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

Assurant Inc. reported its fourth quarter and full year 2024 earnings, demonstrating a continuation of strong financial performance and operational execution. The company saw a 15% increase in adjusted EBITDA, amounting to over $1.5 billion, and a 19% growth in adjusted earnings per share, both excluding reportable catastrophes. Assurant attributes these gains to strategic investments in technology and client partnerships, along with operational enhancements across its business segments.  The Global Lifestyle segment, particularly the Connected Living unit, played a significant role in Assurant’s growth. The division saw a 9% increase in earnings, despite the unfavorable impacts of foreign exchange and $25 million in investments.