Assurant said it expects to record approximately $138 million pre-tax, or $109 million after-tax, of reportable catastrophes for Q3 2024, primarily within its Global Housing segment.

1. 01

   Assurant said it expects to record approximately $138 million pre-tax, or $109 million after-tax, of reportable catastrophes for Q3 2024, primarily within its Global Housing segment.

2. 02

   The company said its reportable catastrophes were primarily within lender-placed, with $92 million pre-tax coming from Hurricane Helene. It said the remainder came from Hurricane Beryl, Debby and Francine.

3. 03

   The company said its reportable catastrophes include individual catastrophic events with pre-tax losses above $5 million, net of reinsurance and client profit sharing adjustments and including reinstatement and other premiums.

4. 04

   Assurant said it expects Hurricane Milton to be a reportable catastrophe for Q4 2024. It added that it will provide further details on its earnings call on November 6, 2024 for Q3.

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Original filing

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