Guidance
← Отчётные звонки
01
02
03
04 05 06
Тон
AI
A1 A2 A3
AIZ
FY2025 Q4
В пределах ожиданий
Отчётный звонок Assurant, Inc.
Вывод Buzzberg
2026 outlook calls for overcoming $130 million headwinds
Assurant reported strong 2025 results (9th consecutive year of profitable growth) but guided to flat 2026 headline EPS, as underlying growth is offset by the loss of prior-year reserve development and new investments in home warranty. Management emphasized momentum in mobile device protection, expansion into new markets like home warranty, and continued strong housing fundamentals. 2025 full-year adjusted EBITDA grew 16% (incl. cats) and 11% (excl. cats); adjusted EPS ex-cats was $22.81.
Вывод Buzzberg 2026 outlook calls for overcoming $130 million headwinds Assurant reported strong 2025 results (9th consecutive year of profitable growth) but guided to flat 2026 headline EPS, as underlying growth is offset by the loss of prior-year reserve development and new investments in home warranty. Management emphasized momentum in mobile device protection, expansion into new markets like home warranty, and continued strong housing fundamentals. 2025 full-year adjusted EBITDA grew 16% (incl. cats) and 11% (excl. cats); adjusted EPS ex-cats was $22.81. Читать полный анализСвернуть анализ
Assurant reported strong 2025 results (9th consecutive year of profitable growth) but guided to flat 2026 headline EPS, as underlying growth is offset by the loss of prior-year reserve development and new investments in home warranty. Management emphasized momentum in mobile device protection, expansion into new markets like home warranty, and continued strong housing fundamentals. 2025 full-year adjusted EBITDA grew 16% (incl. cats) and 11% (excl. cats); adjusted EPS ex-cats was $22.81.
- 2026 guide: EPS/EBITDA flat vs. 2025 due to $113M less prior-year reserve development and home warranty investments (~$15-20M). Excluding these, mid-to-high single-digit growth expected.
- Global Lifestyle (mobile/auto) expected to lead growth in 2026 with high-single-digit EBITDA expansion.
- Global Housing remains strong with 5% y/y growth in in-force lender-placed policies; underlying combined ratio of 80%.
Выручка$3.3504BФакт
EPS$5.61Факт
Валовая маржа78.6%Факт
Операционная маржа8.46%Факт
6 подтверждённых тезисов
Что важно сейчас
Самые значимые изменения по итогам звонка.
Guidance
Global Lifestyle expected to lead growth with high single-digit EBITDA expansion
Investment
Home warranty investment to be most substantial organic investment in 2026
Показать ещё 3 тезиса
Buybacks
Share repurchases range raised to $250-$350 million for 2026
Demand
Lender-placed policies grew 5% due to hardening voluntary market
Partnerships
Expansion into home warranty with Compass International Holdings
Отчётный период
Фактические результаты
| Показатель | Факт | Изменение |
|---|---|---|
| Выручка | $3.3504B | Факт |
| EPS | $5.61 | Факт |
| Валовая маржа | 78.6% | Факт |
| Операционная маржа | 8.46% | Факт |
| Свободный денежный поток | $0.6117B | Факт |
| Капзатраты | $0.0593B | Факт |
Прогнозные данные
Прогноз компании
| Показатель | Период | Диапазон | Середина | Статус |
|---|---|---|---|---|
| EPS | FY2026 | $22.81 | $22.81 | Начат |
| Объём | FY2026 | $250M–$350M | $300M | Повышен |
AI, капзатраты и спрос
Оценка менеджмента
Confident
Management expressed confidence in growth momentum, highlighted strong 2025 results, and provided optimistic 2026 outlook with increased buyback range and expansion into home warranty.
Оценка AI от менеджмента
Management discussed leveraging AI and technology across operations, including robotics and AI in device care centers to assess device quality and process trade-ins, AI-based technologies for reverse logistics, and improving customer experience and efficiency across businesses.
все упомянутые компании ниже: 4
Компаниис момента звонка
Клиенты
Клиенты
Keith Demings
Verizon's Total Wireless brand is growing and adding device protection plans, which boosts per-subscriber revenue at Verizon.
Доказательства
“Early in 2025, we launched a new device protection plan with Verizon's fast-growing, no-contract wireless provider, Total Wireless.”
Клиенты
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.
Доказательства
“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.”
Клиенты
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.
Доказательства
“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.”
Клиенты
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.
Доказательства
“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.”
Внешние сигналы
Альфа цепочки поставок · 3с момента звонка
The hardening voluntary homeowners insurance market is driving 5% growth in Assurant's lender-placed policies, with growth concentrated in California and the Midwest, while Florida is flat-to-down.
Доказательства
“we are growing certainly in California. We're also growing in the Midwest as well. And then that's actually offset a little bit by where in Florida it was flat to maybe a little bit down in Florida.”
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.
Доказательства
“We also see great opportunity to optimize the new programs that we've launched and scaling the results from some of the investments we've made.”
Global Housing's underlying combined ratio of 80% (excluding prior-year development) is a strong point of evidence for continued favorable reserve development in the lender-placed insurance line.
Доказательства
“achieving a very strong underlying combined ratio of 80%, excluding favorable prior year reserve development”
Методология и полнота
Анализ основан только на заявлениях менеджмента. Показаны все подтверждённые упоминания компаний: 4. Фактические результаты и прогнозы разделены. Публичные доказательства ограничены восемью короткими атрибутированными цитатами. AI-анализ может быть неполным или ошибочным — проверяйте важные утверждения по первоисточнику.