Assurant said net income for Q2 2024 rose to $188.7 million from $156.3 million a year earlier, an increase of $32.4 million (21%). Net income for the six months rose to $425.1 million, up $155.2 million (58%).

1. 01

   Assurant said net income for Q2 2024 rose to $188.7 million from $156.3 million a year earlier, an increase of $32.4 million (21%). Net income for the six months rose to $425.1 million, up $155.2 million (58%).

2. 02

   The company said Global Housing Adjusted EBITDA for Q2 rose to $160.9 million, up 4%, and for the first half rose to $353.4 million, up 58%. It said pre-tax reportable catastrophes for Q2 were $32.1 million higher.

3. 03

   Assurant said Global Lifestyle Adjusted EBITDA for Q2 fell 4% to $189.7 million. The company cited elevated claims costs in Global Automotive and investments in new client programs as factors.

4. 04

   The company said holding company liquidity was approximately $734.7 million as of June 30, 2024. It said it paid $157.3 million in share repurchases and common stock dividends in the first half.

Key figures

Quarter ended June 30, 2024

Revenue

$2.9B

Net income

$189M

EPS

$3.58

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.