Assurant reports Q1 adjusted EPS $2.75, consensus $2.32

Reports Q1 adjusted earnings, ex. reportable catastrophes, per diluted share of $3.49. "We are pleased by our first quarter results, which reflected stronger than expected performance in Global Housing building on progress in fourth quarter 2022. While down year-over-year, Global Lifestyle’s results were in-line with our expectations and improved sequentially, reflecting better mobile performance and the benefit of expense actions in international. Overall, our first quarter results reinforced our confidence in delivering on our financial objectives for 2023 as we continue to strengthen key client relationships and execute on our digital-first vision and ongoing expense initiatives. With our long-standing focus on prudent capital management, we have been carefully monitoring the broader business and macroeconomic environment. We now expect to resume share repurchases later in the second quarter, but at modest levels given ongoing market volatility," said Assurant President and CEO Keith Demmings.