Bull case
Assurant is positioned favorably because its partnership-driven, fee-based model is producing durable growth across both Global Lifestyle and Global Housing, while reducing reliance on traditional underwriting volatility and supporting what management says is on track to become the 10th consecutive year of profitable growth. Recent results were strong, with reported EPS of $6.41 versus consensus of $5.18 and PSC of $5.10, alongside raised 2026 guidance for mid-single-digit growth in adjusted EBITDA and EPS, or roughly 10% underlying growth excluding catastrophes and reserve-development effects. The outlook is further strengthened by expanding device protection, 69 million devices protected globally, new lender-placed wins including Freedom Mortgage’s 2.6 million loans, and disciplined capital returns of $123 million in the quarter with repurchase guidance lifted to the upper end of $300 million to $350 million.