Assurant (AIZ) reported Q4 EPS of $3.56, $0.83 better than the analyst estimate of $2.73.
2023 Outlook:
The company expects:
- Adjusted EBITDA, excluding reportable catastrophes6, to increase low single-digits, driven by improved performance in Global Housing and more modest growth in Global Lifestyle.
- Adjusted earnings, excluding reportable catastrophes, per diluted share6, growth rate to be lower than Adjusted EBITDA growth due to increased depreciation expense and a higher effective tax rate.