Assurant Q4 Net Operating Income Gains 17%, Revenues Rise 7.5% to $3.3B
Assurant delivered Q4 2025 net operating income of $5.61 per share, beating consensus by 1.1% and rising 17% year over year. Revenues climbed 7.5% to $3.3 billion, while adjusted EBITDA excluding catastrophes increased 3% to $445.9 million, driven by Global Housing and Global Lifestyle growth.
1. Q4 Earnings Highlights
Assurant reported net operating income of $5.61 per share for Q4 2025, a 17% increase year over year that surpassed consensus by 1.08%. Total revenues grew 7.5% to $3.3 billion, also beating expectations by 2.7%.
2. Adjusted EBITDA and Expense Trends
Adjusted EBITDA, excluding reportable catastrophes, rose 3% to $445.9 million, driven by growth in Global Housing and Global Lifestyle divisions. Total benefits, loss and expenses increased 7.4% to $3.1 billion, reflecting higher claims and operational costs.