Assurant Sees Expects Adjusted EBITDA, Excluding Reportable Catastrophes, To Increase Mid-Single-Digits, Driven By Both Global Lifestyle And Global Housing, At Similar Growth Rates
Portfolio Pulse from Benzinga Newsdesk
Assurant expects its adjusted EBITDA, excluding reportable catastrophes, to increase by mid-single-digits. This growth is anticipated to be driven equally by both its Global Lifestyle and Global Housing segments.
February 06, 2024 | 9:22 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Assurant expects a mid-single-digit increase in adjusted EBITDA, driven by its Global Lifestyle and Global Housing segments.
The expected increase in adjusted EBITDA, especially without the impact of reportable catastrophes, suggests a strong operational performance across its key segments. This positive outlook is likely to be viewed favorably by investors, potentially leading to a short-term uptick in Assurant's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100