Assurant Inc
assurant.comWhat Do They Do?
Provides mobile-device protection, extended service contracts, and vehicle protection services through carriers, retailers, and auto dealers.
10-K for FY2025, filed Feb 19, 2026We are a premier global protection company that partners with the world’s leading brands to safeguard and service connected devices, homes…View ↗
Connected Living: Through partnerships with the mobile eco-system (including carriers, original equipment manufacturers (“OEMs”) and cable…View ↗
Global Automotive: We underwrite and provide administrative services for vehicle service contracts (“VSCs”) and ancillary products…View ↗
Global Lifestyle operates globally, with approximately 80.7% of its revenue from North America (the U.S. and Canada), 7.7% from Latin…View ↗
How Do They Make Money?
Insurance premiums accrue as protection is provided over contract or policy terms. Global Lifestyle bills clients monthly for mobile administration by service volume and charges per-unit fees when repaired devices sell; Global Housing lender services are billed weekly or monthly by service volume.
10-K for FY2025, filed Feb 19, 2026Premiums revenue from vehicle and extended service contracts are earned over the term of the contract, which are typically between three…View ↗
Premiums for lender-placed homeowners, manufactured housing and flood insurance, and renters insurance are generally earned on a pro-rata…View ↗
In the Global Lifestyle segment, revenues from service contracts and sales of products are primarily from the Company’s Connected Living…View ↗
The Company also repairs, refurbishes and then sells mobile and other electronic devices, on behalf of its client, for a bundled per unit…View ↗
In the Global Housing segment, revenues from service contracts and sales of products are primarily from the Homeowners business. As part of…View ↗
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10-K for FY2025, filed Feb 19, 2026
FY2025 revenue by reportable segment ↗
$12.8B
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10-K for FY2025, filed Feb 19, 2026
$12.8B ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Global Lifestyle
Mix
10-K for FY2025, filed Feb 19, 2026 |
78%
FY2022: 82%
|
Global Lifestyle, FY2025
$9.9B Sources
|
Mix |
|
Global Housing
Recurring
10-K for FY2025, filed Feb 19, 2026 |
23%
FY2022: 19%
|
Global Housing, FY2025
$2.9B Sources
|
Recurring |
Who Are Their Customers?
Mobile carriers, retailers, device makers and financial institutions market device protection and service contracts; auto dealers, agents and financing companies market vehicle and equipment coverage. Assurant’s business-to-business-to-consumer model works through brand and distribution partners to reach consumers.
10-K for FY2025, filed Feb 19, 2026
Do Revenues Turn Into Profits?
Yes. It kept 7 cents of every revenue dollar as net income in FY2025 and turned 12 cents into free cash flow.
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 6, 2026
$298.6MView ↗
- ▲ +27%
- vs $235.3M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 6, 2026
Open tableView ↗
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Aug 4, 2026
Raised full-year outlook for adjusted earnings and EBITDA growth
The company now expects mid-single-digit growth, or approximately 10% on an underlying basis, excluding reportable catastrophes.
Sources
8-K, filed Aug 4, 2026
“Driven by our strong first-half, we are once again increasing our 2026 enterprise outlook. We now expect Adjusted EBITDA and Adjusted…View ↗
Growing. Revenue grew 26% in 4 years, from $10.2B in FY2021 to $12.8B in FY2025, about 6% a year.
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