Assurant (AIZ) stock is soaring 5.12% in pre-market trading on Wednesday, following the release of its impressive second-quarter 2025 earnings report. The specialty insurance provider's strong financial performance, particularly its significant earnings beat, has sparked investor enthusiasm.
The company reported adjusted earnings per share of $5.10 for Q2 2025, surpassing analyst expectations of $4.50 by 13.3%. This represents a robust 25% year-over-year increase in adjusted EPS. While revenue grew by 8% to $3.05 billion, it fell slightly short of analyst estimates. Despite this, Assurant's overall profitability showed substantial improvement, with GAAP net income climbing 25% year-over-year to $235 million.
Assurant's Global Housing segment was a standout performer, with Adjusted EBITDA jumping 33% to $214 million, driven by lower catastrophe losses and favorable reserve developments. The Global Lifestyle segment also saw growth, with Adjusted EBITDA reaching $201.4 million, up 6% year-over-year. Looking ahead, management has increased its non-GAAP outlook for FY2025, expecting adjusted earnings per share growth to approach 10% compared to 2024. This positive guidance, coupled with the company's strong Q2 results, is likely fueling investor confidence and contributing to the stock's significant pre-market rise.