Assurant raises annual guidance on growth in key business segments
AIZ Assurant Inc
$322.16 +1.56%
View chart & analysis → - 1Assurant recorded a 12% growth rate in adjusted EBITDA and EPS, excluding reportable catastrophe losses, driven by growth in key business segments.
- 2The company raised its annual guidance after achieving an 18% year-to-date revenue growth in Global Lifestyle.
- 3The company increased its share repurchase target to $350 million.
So what's the key point?
Assurant's key business segments grew, leading to increased profits. The company raised its annual performance outlook and its share repurchase target to $350 million.
Source The Motley Fool +1 · View original ↗
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