Assurant sees FY23 adj. EBITDA, ex. reportable catastrophes, up low single-digit

Assurant said the company continues to expect adjusted EBITDA, excluding reportable catastrophes, to increase low single-digits, driven by improved performance in Global Housing and more modest growth in Global Lifestyle, and adjusted earnings, excluding reportable catastrophes, per diluted share, growth rate to be lower than Adjusted EBITDA growth due to increased depreciation expense and a higher effective tax rate.