Earnings release
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ASSURANTⓇ NEW YORK , August 3 , 2021 – Assurant , Inc. ( NYSE : AIZ ) , a leading global provider of lifestyle and housing solutions that support , protect and connect major consumer purchases , today reported results for the second quarter ended June 30 , 2021 . " Our second quarter performance demonstrated continued momentum and strong embedded growth across our Global Lifestyle and Global Housing businesses , " said Assurant Chief Executive Officer Alan Colberg . " The closing of the Global Preneed sale to CUNA Mutual Group represents another major milestone in our transformation . Looking ahead , we are well positioned to deliver on our financial objectives for 2021 and remain focused on driving innovation and profitable growth across our market - leading lifestyle and specialty P & C businesses . " Assurant Reports Second Quarter 2021 Financial Results Performance Driven by Sustained Momentum in Global Lifestyle and Global Housing Continue Expect to Grow EPS , Ex . Catastrophes , by 10 to Percent for 2021 ( Unaudited ) $ in millions , except where noted GAAP net income GAAP net income per diluted share Net operating income¹ Net operating income per diluted share² Net operating income , ex . reportable catastrophes³ Net operating income , ex . reportable catastrophes , per diluted share4 ● ● ● Q2'21 184.7 3.01 183.2 2.99 183.6 2.99 Q2'20 297.6 164.7 2.59 153.7 2.50 163.7 2.66 Change Adjusted EBITDA , ex . reportable catastrophes5 Second Quarter 2021 Summary : Net income increased 12 percent versus prior year period , while net income per diluted share increased 16 percent 270.2 12 % 16 % 19 % 20 % 12 % 12 % 10 % Net operating income , excluding reportable catastrophes³ , up 12 percent to $ 183.6 million Net operating income , excluding reportable catastrophes , per diluted share¹ , up 12 percent to $ 2.99 Adjusted EBITDA , excluding reportable catastrophes5 , up 10 percent to $ 297.6 million Holding company liquidity was $ 353 million Share repurchases and common stock dividends totaled $ 233 million ; since 2019 , returned nearly $ 1.2 billion of $ 1.35 billion three - year capital return objective Reaffirmed 2021 outlook of 10 to 14 percent growth in net operating income , excluding reportable catastrophes , per diluted share