Assurant (AIZ) rises after Q1 earnings beat on Global Lifestyle growth

Assurant (AIZ) traded at $244.16 after its first-quarter earnings report, up from $229.12 before the release, as revenue and non-GAAP earnings topped Wall Street expectations. Management cited growth in the Global Lifestyle segment, led by Connected Living and Global Automotive. CEO Keith Demmings said the company expanded existing client programs, added mobile protection partnerships and completed a major migration with T-Mobile. Connected Living and Automotive both posted double-digit earnings growth. Investors are watching the pace of new mobile protection wins, subscriber growth in Connected Living, and the impact of artificial intelligence and automation on expenses and claims processing. Trends in Global Housing, including lender-placed and renters insurance, along with Home Warranty scaling and lower reinsurance costs, are also key performance indicators.