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Assurant’s 24% Connected Living Growth — Can Device Protection Become A Bigger Earnings Engine?

Assurant, Inc. reported a second quarter 2026 marked by record earnings supported by profitable growth across its diversified businesses, reinforcing the company’s established business model and partnership-driven strategy. The company delivered adjusted EBITDA and adjusted EPS growth rates in the high teens, excluding the impact of reportable catastrophes (CATs). Year-to-date, Assurant achieved 12% adjusted EBITDA growth and 14% adjusted EPS growth on the same basis. These results suggest a balance between near-term performance and ongoing investments in technology, data, automation, and artificial intelligence aimed at enhancing operational precision and customer experience. The company maintains a disciplined capital allocation strategy, returning excess capital to shareholders while preserving flexibility for growth opportunities. Segment performance underscored the company’s momentum: Global Lifestyle’s adjusted EBITDA rose 21%, driven by Connected Living’s 24% growth and expansion in Global Automotive, which saw a 6% increase, supported by improved loss experience and new global partnerships.