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12:00
May 06 ◎

AIZ FY2026 Q1 Watch

Assurant, Inc. (AIZ) FY2026 Q1 Earnings Call

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Keith Demings

The partnership with Chase in the financial services business is maturing and contributing to growth, diversifying Assurant's client base beyond mobile carriers.

"But I'd also say we're maturing some of the non-mobile programs that we've announced the market as well. Our relationship with Best Buy being one example, our relationship with Chase."

JPM WATCH

Keith Demings

AT&T's partnership with Assurant is concentrated in supply chain and trade-in services, presenting a long-term opportunity to expand into deeper protection and related services.

"And then with AT&T, we do a lot of work around the supply chain, historically a big trade-in partner for us. And to your point, long-term opportunity, it's all about building deep relationships, solving problems, building trust over time,"

T WATCH

Keith Demings

The international expansion, including with Telstra, is a key growth driver for device protection, adding to Assurant's global subscriber base.

"We've launched programs internationally with clients like Telstra."

TLS.AX WATCH

Keith Demings

Assurant's prepaid device protection business is a major growth vector, now encompassing multiple brands for Verizon (Visible, Total, Straight Talk), signaling a fragmented but rapidly expanding partnership that could be replicated with other carriers. — The strategy of winning prepaid brands is a wedge into the postpaid market, potentially disrupting the incumbents' (like Assurant's competitors) hold on the big carriers' core business.

"Following the success of our reverse logistics partnership, we deepened our relationship following T-Mobile's acquisition of U.S. Cellular. successfully migrating another large, enforced mobile subscriber base and contributing to an"

TMUS WATCH VZ WATCH

Keith Demings

Assurant is seeing a continued hardening in the voluntary homeowners market, driving lender-placed policy growth, with over 5 million loans renewed from two large partners in Q1, indicating sustained pressure on the underlying housing insurance market. — This underscores the ongoing dislocation in the homeowners insurance market, which continues to benefit lender-placed insurers by funneling more policies into their books.

"During the first quarter, we completed two long-term renewals with large lender-placed partners representing over 5 million loans."

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Keith Demings

Comcast's Xfinity Mobile is embedding Assurant's protection into its new MobilePlus rate plan, which should increase subscriber growth and deepen the partnership with a major cable operator.

"We recently expanded our partnership with Xfinity Mobile through a new rate plan that includes lifetime device protection for phones, tablets, and watches, and includes a benefit that allows customers to receive a phone upgrade anytime."

CMCSA WATCH

Keith Demings

Compass is ramping up the new home warranty partnership with Assurant across its affiliated real estate brands, indicating a significant new business pipeline in the housing sector.

"While we're still very early, the launch of our new long-term relationship with Compass International Holdings, spanning six U.S. real estate brands, continues to progress well."

COMP WATCH

Keith Meyer

Management raised full-year 2026 guidance for adjusted EBITDA and EPS growth, citing strong first-quarter results, particularly in Global Lifestyle, and a strong pipeline of new business wins.

"2026 is off to an excellent start. We're excited about our performance and our increased outlook for the full year."

AIZ WATCH

HIGH

13:00
Feb 11 ◎

AIZ FY2025 Q4 Watch

Assurant, Inc. (AIZ) FY2025 Q4 Earnings Call

VZ BBY JPM TMUS ▾

Keith Demings

Verizon's Total Wireless brand is growing and adding device protection plans, which boosts per-subscriber revenue at Verizon.

"Early in 2025, we launched a new device protection plan with Verizon's fast-growing, no-contract wireless provider, Total Wireless."

VZ WATCH

Keith Demings

Best Buy is deepening its relationship with Assurant by handing over its Geek Squad protection back book, improving Best Buy's margins and reducing its internal risk on legacy policies.

"following our third quarter announcement of this new program, we're now servicing the back book of existing protection policies, meaningfully increasing our scale as we focus on optimizing the program in the coming quarters."

BBY WATCH

Keith Demings

JPMorgan's Chase Card Services is expanding its card-benefits program with Assurant into the UK, indicating growth in Chase's premium card value proposition.

"we scaled our card benefits business with the completion of the first full year of our partnership with Chase Card Services, supporting benefits for millions of cardholders nationwide, and also recently expanding our relationship in the UK."

JPM WATCH

Keith Demings

Growth in mobile device protection subscribers (2 million added in 2025) and expansion into reverse logistics with T-Mobile point to a structural shift where carriers outsource more of the device lifecycle, including trade-in and repair, to specialized providers. — Carriers like T-Mobile are locking in multi-year reverse logistics agreements, reducing their internal operational footprint and improving cost efficiency on device trade-ins.

"we expanded our T-Mobile relationship through a multi-year reverse logistics agreement and opened a dedicated, state-of-the-art logistics facility. Looking to 2026, we see additional opportunities to grow with T-Mobile."

TMUS WATCH

HIGH

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