1) Strong Q1 Performance and Record Earnings
- Assurant reported its strongest Q1 performance in history, with adjusted EBITDA growth of 6% and adjusted EPS growth of 9%, excluding reportable catastrophes. - Excluding impacts from Global Housing's prior year reserve development, adjusted EBITDA and EPS grew 8% and 12%, respectively. - The company is on track for its tenth consecutive year of profitable growth, driven by a diversified portfolio and disciplined execution.

2) Global Lifestyle and Automotive Growth
- Global Lifestyle saw double-digit earnings growth, with Connected Living earnings up 18% due to expansion with existing clients and new mobile announcements. - Global Automotive earnings increased 23%, benefiting from higher investment income and improved loss experience. - The company processed nearly 7.5 million devices in reverse logistics, reflecting strong growth in mobile device protection programs.

3) Global Housing and Market Position
- Global Housing's Q1 adjusted EBITDA was $237 million, with a normalized non-cat loss ratio of approximately 38%. - The company expects a combined ratio in the low to mid-80s for the year, excluding prior year development. - Strong growth in homeowners and a robust new business pipeline position the company well for continued growth in the housing sector.

4) Capital Management and Shareholder Returns
- Assurant returned $169 million to shareholders in Q1, including $125 million in share repurchases and $44 million in dividends. - The company plans to increase share repurchases to $300 million-$350 million for the year, reflecting a strong capital position. - Liquidity at quarter-end was $836 million, providing flexibility for growth investments and shareholder returns.

5) Guidance and Future Outlook
- For 2026, Assurant expects low single-digit growth in adjusted EBITDA and EPS, excluding catastrophes, with high single-digit underlying growth anticipated. - Global Lifestyle is expected to lead growth with approximately 10% growth projected, while Global Housing is expected to see only modest declines excluding cats. - The company is focused on leveraging AI and technology to enhance customer experience and operational efficiency.

Bottom line: Assurant's strong Q1 results and strategic growth initiatives across its diversified portfolio position it well for continued profitability and shareholder value creation in 2026, despite potential headwinds in the housing market.