Assurant Raises 2026 Outlook on Record Q2, Device Growth, Buybacks
Raised 2026 outlook on record Q2 Assurant lifted its full-year 2026 outlook to mid-single-digit growth in adjusted EBITDA and EPS, after record second-quarter results: adjusted EBITDA excluding catastrophes rose 18% and adjusted EPS 19%. Management also expects buybacks toward the top of its $300-$350 million range, which supports the share price.
The outlook raise and record quarter are the core new reason the stock is moving.
Device and trade-in business keeps growing Assurant's device business is a main growth engine. Global Lifestyle adjusted EBITDA rose 21% and Connected Living 29% in the second quarter, with over 4 million more protected devices. Trade-in programs returned $1.43 billion to consumers, showing steady demand for its repair-and-resell services.
Connected Living is the biggest driver of the raised outlook and future earnings.
Higher interest rates help insurer investment income The Fed raised rates to 3.75-4% and the 10-year Treasury topped 5%. Insurers like Assurant hold large long-term bond portfolios, so higher yields lift the income those investments earn. Zacks named Assurant a Strong Buy or Buy pick in that environment.
Rate moves directly affect Assurant's investment income and were cited as a reason to buy the stock.
New Chile launch and dividend keep income story intact Assurant launched its Financial Services Ecosystem Protection business in Chile, selling cover for payments, purchases, fraud and vehicle financing. It also declared its usual $0.88 quarterly dividend. Both extend growth and income, though the Chile business is small and early.
Shows new-market expansion and steady shareholder returns, though modest in size.