Assurant Non-GAAP EPS of $2.95 misses by $0.23, revenue of $2.51B misses by $120M

Aug. 02, 2022 4:55 PM ETAssurant, Inc. (AIZ)By: Niloofer Shaikh, SA News Editor
  • Assurant press release (NYSE:AIZ): Q2 Non-GAAP EPS of $2.95 misses by $0.23.
  • Revenue of $2.51B (-1.2% Y/Y) misses by $120M.
  • For FY2022, the company now expects 3 to 6 percent growth in Adjusted EBITDA, excluding reportable catastrophes, driven by profitable growth in Global Lifestyle, partially offset by a decline in Global Housing; 14 to 18 percent growth in Adjusted earnings, excluding reportable catastrophes, per diluted share, driven by share repurchases and continued profitable earnings growth.

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