Assurant said it expects its Global Housing segment to record approximately $46 million pre-tax, or $36 million after-tax, of reportable catastrophes for Q2 2024.

1. 01

   Assurant said it expects its Global Housing segment to record approximately $46 million pre-tax, or $36 million after-tax, of reportable catastrophes for Q2 2024.

2. 02

   The company said no single event is expected to exceed $15 million in pre-tax losses. It said reportable catastrophe losses for the quarter came from five reportable events.

3. 03

   Assurant said reportable catastrophe losses were driven primarily by lender-placed products, from severe convective storm events across the Southwest, Midwest and Southeast.

4. 04

   The company defined reportable catastrophes as individual catastrophic events generating pre-tax losses above $5 million, net of reinsurance and client profit sharing adjustments and including reinstatement and other premiums. It said it will report Q2 2024 results on August 6, 2024.

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