A：In the third quarter of 2025, Assurant delivered strong results with double-digit earnings growth across both global housing and global lifestyle segments. The company generated significant cash and supported its balanced capital allocation through its BDB TOC business model. Assurant saw 13% adjusted EBITDA growth and 15% adjusted EPS growth, both excluding reportable catastrophes. The company is now expecting full-year adjusted earnings per share growth in the low double digits and adjusted EBITDA growth approaching Ed, a significant increase from initial expectations.

A：Assurant's global lifestyle performance includes a continued acceleration of earnings, which increased 4% or 6% on a constant currency basis year-to-date, with double-digit growth in the third quarter. The company remains well-positioned to deliver full-year growth across both connected living and global automotive sectors. Connected living performance is due to executing on the company's long-term strategy, enhancing capabilities and services, and securing new client programs. Assurant has partnered with a large U.S. mobile carrier to significantly expand repair and logistics capabilities, operating a state-of-the-art facility that processes and repurposes devices.

A：New opportunities within Assurant's connected living segment include a significant expansion of repair and logistics capabilities for mobile devices, facilitated by a multi-year agreement with a large U.S. mobile carrier. A new, dedicated state-of-the-art logistics facility processes and repurposes returns from various sources under one roof, creating a facility that maximizes circularity in the mobile industry. Additionally, Assurant has entered into a partnership with Best Buy to provide administration and underwriting services, which will enhance support for Best Buy Geek Squad protection customers.

A：Assurant expects another year of strong housing adjusted EBITDA growth, excluding reportable catastrophes. The company continues to anticipate a very strong combined ratio for the full year, which is below initial expectations of the mid-EDs. This outlook is supported by the impact of a multifaceted growth strategy, a robust new business pipeline, and strong client relationships. Sustained disciplined expense management is expected to underpin growth in the renter's segment, with technology-enabled services contributing to加深 relationships with clients and winning new business.

A：The full year cash conversion to the holding company is expected to approximate 2024 levels.

A：The company is focusing on growth opportunities across clients, products, and geographies, driven by the strength of its capital position, disciplined capital management, and the assurance business model. It is also investing in core markets, activating opportunities in its pipeline, deepening relationships with existing partners, and increasing investments in technology.

A：The housing market has contributed to the company's business growth through strong fundamental performance of the business and deep investment in technology and operational capabilities. The lender placed solution is market leading, and there's further opportunity for growth with new clients despite a strong leadership position. Additionally, consistent growth in PMC (Property Management Company) over the last three years is expected to continue.

A：The company is pleased with the auto sector's EBITDA growth of 15% year over year. It is optimistic about the stability in the vehicle service contract side due to rate actions and product changes over the years. The GAAP side also shows diminishing loss exposures as expected, indicating that loss performance should continue to improve.

A：The company has benefited from the challenging voluntary market, resulting in significant policy growth. A softening housing market may influence the top line prospects, and the company will need to monitor the impact of various factors such as policy growth and economy-wide downturn which could affect placement rates.

A：The new partnerships and Connected living initiatives will begin to contribute positively to EBITDA impact in 2026, with continued investment, and are expected to yield immediate revenue generation.

A：The company views the possibility of higher capital deployment in 2026, despite lower costs this year. It plans to maintain a balanced approach and continue investing in organic growth, M&A opportunities, and share buybacks. The company aims to provide guidance on share buybacks next year and considers a strong dividend record as part of its balanced and strong financial position.

A：The company expects to grow across all businesses, including scripts for the full year in connected living, auto, and housing. There is a forecast of double-digit growth in each of these businesses for the current quarter. The expectation is for lifestyle growth to continue, to benefit from past investments, and for underlying growth in housing to persist.

A：The company is planning to launch a new program in an adjacent business early in the next year. Further details about the program will be provided in February.

A：The company feels good about the consistent performance and double-digit growth in the renters business over the past quarters. The largest partners are growing, a multi-year agreement with the largest PMC client has been renewed, and a successful book roll and additional Pmcs have been added, which are expected to fuel the ongoing momentum.

A：The biggest driver for the company's housing performance has been the growth in policies, leading to year-over-year increases in placement rates. This has been a result of strong performance in the voluntary market, with the company attributing a significant portion of the recent uptick in segment growth to these factors.

A：The new program is a line of business that the company is not currently in, which is why it has been classified as a new venture under the corporate segment. It is a new pathway for long-term growth and is being led by the chief innovation officer, who previously ran the connected living business.

A：The reinsurance market is anticipated to be more favorable next year due to the strategy of buying reinsurance to reduce volatility more than usual. The company's reinsurance tower has not been touched this year, which is positive. The company also notes the impact of low cat activity in the last quarter and looks forward to sharing more on this at the next renewal on April 1st. The expectation is for reinsurance rates to be similar to last year, around $200 million, which is less than anticipated due to the lack of growth in Florida business.