Posts

Posted on

E-Power Onboards Expert Engineers with Background in NVIDIA AI Solutions to Drive U.S. AIDC Growth

DOVER, USA, May 05, 2026 (GLOBE NEWSWIRE) — E-Power Inc. (“E-Power”, the “Company”, “we” or “our”) (NASDAQ: EPOW), a leading provider of AI Data Center (AIDC) microgrid solutions and advanced battery materials, today announced that its majority-owned subsidiary has officially onboarded a veteran technical team specializing in high-performance AI power supply units (PSU). Since late 2024, this team has been in deep technical collaboration with NVIDIA, providing cutting-edge solutions for ultra-high power density, liquid cooling, and power smoothing architectures.

Distinguished Leadership with Decades of Industry Expertise

The newly joined team is led by a renowned expert in the power supply industry with over 20 years of experience. This leadership previously spearheaded the development of unified power platforms for global telecommunications giants and successfully oversaw the mass production of EV, energy storage, and server power solutions.

Key team members include Vice President of R&D with over two decades of development experience at world-class firms such as Artesyn and Flex, alongside production management experts from top-tier global power companies.

Industry-Leading Energy Density and Standard Power Smoothing

The current power architecture developed by this team achieves the highest energy density among realizable products on the market today. Following NVIDIA’s established architectural naming conventions, the team utilizes Power Smoothing as a standard architecture to stabilize energy fluctuations.

  • Grid Protection
    : The Power Smoothing architecture is implemented to smooth out power spikes and prevent adverse impacts on the electrical grid.

  • Energy Bank (E-Bank): To support this architecture, the team pioneered the Energy Bank concept, which utilizes a charge bank of low-internal-resistance electrolytic capacitors to provide energy buffers for high-density racks.

  • Advanced Manufacturing: The team employs “Full Tab Welding” processes to ensure capacitors achieve extremely low Equivalent Series Resistance (ESR) and Inductance (ESL), supporting currents up to 1000A.

Liquid Cooling Breakthroughs for Next-Gen Data Centers

As heat dissipation becomes a critical bottleneck for AI data centers, the team has focused on advanced liquid-cooled power solutions.

  • Fanless Architecture
    : The team introduced a fanless power architecture for AI computing, providing prototypes to industry giants including Meta, Google, and NVIDIA.

  • Module Performance: The team has launched 16kW AC modules and 50kW DC modules with peak efficiencies of 98% and 99%, respectively.

  • Support for Rubin/Ultra Platforms
    : For the latest 800V MGX systems, the subsidiary offers liquid-cooled Power Shelf solutions with integrated Capacitor Backup Units (CBU).

  • Superior Energy Reserve: These solutions offer a total energy reserve of 275kJ and a hold-up time of 387ms, significantly outperforming standard industry benchmarks.

Strategic Financing to Accelerate Global Delivery

The team’s solutions and simulation results have received high validation from leading North American internet companies and AI chip manufacturers. The new organization brings a comprehensive ecosystem of engineers specializing in software, hardware, thermal simulation, and testing.

To accelerate the transition from prototypes to global mass production, E-Power’s subsidiary is launching a new round of financing. These funds will be directed toward purchasing advanced laboratory equipment, scaling the engineering workforce, and providing the liquidity necessary to dominate the emerging 800VDC microgrid power market.

About E-Power Inc.

Headquartered in Zibo, Shandong Province, China, E-Power Inc., through its joint venture, is engaged in the manufacturing and sale of graphite anode material for lithium-ion batteries. The Company’s joint venture has completed the construction of a manufacturing facility with a production capacity of 50,000 tons in Guizhou Province, China. The plant runs on inexpensive electricity from renewable sources, which helps to make E-Power a low-cost and low–environmental-impact producer of graphite anode material. Mr. Haiping Hu, the founder and CEO of the Company, is a major pioneer for the graphite anode industry in China starting from 1999. The Company’s management team is also composed of experts with years of experiences and strong track-records of success in the graphite anode industry. In addition, the Company also operates a knowledge sharing platform in China. For further information, please visit the Company’s website at www.sunrisenewenergy.com.

Forward-looking statement

Certain statements in this press release regarding the Company’s future expectations, plans and prospects constitute forward-looking statements as defined by Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements about plans, goals, objectives, strategies, future events, expected results, assumptions and any other factual statements that have not occurred. Any words that refer to “may”, “will”, “want”, “should”, “believe”, “expect”, “expect”, “estimate”, “estimate” or similar non-factual words, shall be regarded as forward-looking statements. Due to various factors, the actual results may differ materially from the historical results or the contents expressed in these forward-looking statements. These factors include, but are not limited to, the company’s strategic objectives, the company’s future plans, market demand and user acceptance of the company’s products or services, technological updates, economic trends, the company’s reputation and brand, the impact of industry competition, relevant policies and regulations, China’s macroeconomic conditions, international market conditions, and other related risks and assumptions. In view of the above and other related reasons, we advise investors not to blindly rely on these forward-looking statements, and we urge investors to visit the SEC’s website to consult the company’s relevant documents for other factors that may affect the company’s future operating results. The company is under no obligation to make public amendments to changes in these forward-looking statements due to specific events or reasons unless required by law.

For more information, please contact:

The Company: IR Department
Email: [email protected]
Phone: +1 4084890472



Posted on

Legacy Housing Corporation Announces Timing of First Quarter 2026 Earnings Release and Conference Call

BEDFORD, Texas, May 05, 2026 (GLOBE NEWSWIRE) — Legacy Housing Corporation (“Legacy” or the “Company”, NASDAQ: LEGH) will release its financial results for the first quarter ended March 31, 2026, after markets close on Thursday, May 7, 2026. The Company will then host a conference call at 12:00 p.m. Central Time on Friday, May 8, 2026.

To access the conference call, please pre-register using the link. Registrants will receive confirmation with dial-in details.

A replay of the webcast will be available on https://investors.legacyhousingcorp.com/ starting approximately two hours after the call and will be archived on the site for one year.

About Legacy Housing Corporation

Legacy builds, sells, and finances manufactured homes and “tiny houses” that are distributed through a network of independent retailers and company-owned stores. The Company also sells directly to manufactured housing communities. Legacy is one of the largest producers of manufactured homes in the United States. With current operations focused primarily in the southern United States, we offer our customers an array of quality homes ranging in size from approximately 395 to 2,667 square feet consisting of 1 to 5 bedrooms, with 1 to 3 1/2 bathrooms. Our homes range in price, at retail, from approximately $47,000 to $200,000.

Media Inquiries:

Kira Hovancik, (817) 799-4905

[email protected]



Posted on

Lincoln Educational Services to Highlight Business Momentum at Several Upcoming Investor Events

Continued Positive Performance and Strong Student Starts Growth Reflects Demand for Skilled Labor Across the Company’s Campuses

Parsippany, N.J., May 05, 2026 (GLOBE NEWSWIRE) — Lincoln Educational Services Corporation (Nasdaq: LINC), a national leader in specialized technical training for 80 years, today announced that Scott Shaw, President and CEO, and Brian Meyers, Chief Financial Officer, will be attending several investor conferences in May, demonstrating heightened interest from institutional investors, and further highlighting the continued business momentum and growth drivers generating increased shareholder valuation.

  • Needham Technology, Media, & Consumer Conference – May 12-14
  • LD Micro Invitational Conference – May 17-19
  • B Riley Institutional Investor Conference – May 20-21

Note: Investors should reach out to their sales representatives to schedule meetings with Lincoln’s management team

“Our results for the first quarter of 2026, reflected by a 19.5% increase in student starts, continues to support the Company’s multi-year growth plan,” commented Scott Shaw, President and CEO. “Our objectives, including $850 million in revenue and $150 million of EBITDA, by 2030 reflect the strong industry growth drivers. We are looking forward to sharing our vision and how we plan to implement our strategies at these events to further leverage our performance to raise our profile and attract a broader investor audience.”

ABOUT LINCOLN EDUCATIONAL SERVICES CORPORATION

Lincoln Educational Services Corporation is a leading provider of diversified career-oriented post-secondary education helping to provide solutions to America’s skills gap. Lincoln offers career-oriented programs to recent high school graduates and working adults in four principal areas of study: skilled trades, automotive, health sciences and information technology. Lincoln has provided the workforce with skilled technicians since its inception in 1946 and currently operates 22 campuses in 12 states under the brands Lincoln Technical Institute, Lincoln College of Technology and Nashville Auto Diesel College. The Company opened its first campus in Newark, New Jersey in 1946. For more information, please go to www.lincolntech.edu

FORWARD-LOOKING STATEMENTS

Statements in this press release and in oral statements made from time to time by representatives of Lincoln Educational Services Corporation that are not historical facts, including those made in a conference call, may be “forward-looking statements” as that term is defined in the federal securities laws. The words “may,” “will,” “expect,” “believe,” “anticipate,” “project,” “plan,” “intend,” “estimate,” “goal,” “target” and “continue,” and similar expressions and their opposite are intended to identify forward-looking statements. Forward-looking statements should not be read as a guarantee of future performance or results and will not necessarily be accurate indications of the times at, or by, which such performance or results will be achieved, if at all. The Company cautions you that these statements concern current expectations about the Company’s future performance or events and are subject to a number of uncertainties, risks, and other influences, many of which are beyond the Company’s control, that may affect the accuracy of the statements or the prospects upon which the statements are based including, without limitation, risks associated with our ability to comply with the extensive federal and state regulatory framework applicable to the for-profit education industry such as the 90/10 rule, prescribed cohort default rates, the effect of current and future Title IV Program regulations arising out of negotiated rulemakings, including any potential reductions in funding or restrictions on the use of funds received through Title IV Programs and financial responsibility and administrative capability standards; the effect of future legislative or regulatory initiatives related to veterans’ benefit programs; our ability to obtain timely regulatory approvals in connection with acquisitions of additional schools and the related risks associated with integration of acquired schools; risks associated with the opening of new campuses; our ability to execute our growth strategies including updating and expanding the content of existing programs and developing new programs for our students in a timely and cost-effective manner while maintaining positive student outcomes; our ability to effectively compete within our industry; impacts related to epidemics or pandemics; risks associated with cybersecurity; general economic conditions; and other factors discussed in the “Risk Factors” section of our Annual Reports and Quarterly Reports filed with the Securities and Exchange Commission. All forward-looking statements are qualified in their entirety by this cautionary statement, and Lincoln undertakes no obligation to publicly revise or update any forward-looking statements, whether as a result of new information, future events or otherwise after the date hereof.

LINCOLN EDUCATIONAL SERVICES CORPORATION

Brian Meyers, CFO
973-736-9340

EVC GROUP LLC

Investor Relations:
Michael Polyviou
[email protected]
732-933-2754



Posted on

NewtekOne, Inc. Selected for Emerging Company Pavillion at the 2026 Sohn New York Investment Conference

BOCA RATON, Fla., May 05, 2026 (GLOBE NEWSWIRE) — NewtekOne, Inc. (NASDAQ: NEWT) (“NewtekOne”) today announced its selection to participate in the inaugural Emerging Company Pavilion at the 2026 Sohn New York Investment Conference, taking place May 12 at Jazz at Lincoln Center in New York City.

Based on its market profile, growth trajectory, and alignment with investor interest in financial services platforms serving independent business owners across the United States, NewtekOne was selected as part of a curated group of only 10 emerging companies for participation in the Emerging Company Pavillion.

Now in its 31st year, the conference brings together leading investors, allocators, and operators for a full day of high-conviction ideas, all in support of pediatric cancer research through the Sohn Conference Foundation. The event is widely regarded as one of the most influential gatherings in the investment community, with a long history of surfacing differentiated ideas ahead of broader market consensus.

The Emerging Company Pavilion is a newly launched, curated showcase of select companies positioned directly outside the main theater at Jazz at Lincoln Center. With more than 1,000 attendees spanning institutional investors, hedge funds, family offices, and private investors, it represents a rare opportunity for emerging public companies to engage with a concentrated, high-quality investor audience in a single day.

“We are honored to have been selected to showcase NewtekOne in the inaugural Emerging Company Pavillion at the Sohn Conference. This is a unique opportunity to present NewtekOne’s story to a highly sophisticated investor audience,” said Barry Sloane, Chief Executive Officer, President and Chairman of NewtekOne. “The Sohn Conference has built a reputation for bringing together investors who don’t just interpret markets but influence them, and we’re excited to be part of the inaugural Pavilion.

“We look forward to sharing with investors why we believe there is tremendous value in the NewtekOne franchise, which we have developed over the course of almost three decades with the singular purpose of providing independent business owners a full menu of business and financial solutions that help them become more successful. The NewtekOne platform operates much differently and more efficiently than other publicly traded financial or bank holding companies. We do not believe that a comparable platform exists with NewtekOne’s breadth and depth. NewtekOne is a technology‑enabled financial holding company that leverages AI‑powered resources to operate more efficiently and serve customers more effectively, while enabling Newtek Bank to access advantageous deposit funding and provide customers with real‑time money movement capabilities.”

For more information about the conference, visit Sohn Conference Foundation.

About NewtekOne, Inc.

NewtekOne

®
, Your Business Solutions Company®, is a financial holding company, which along with its bank and non-bank consolidated subsidiaries (collectively, “NewtekOne”), provides a wide range of business and financial solutions under the Newtek® brand to independent business owners. Since 1999, NewtekOne has provided state-of-the-art, cost-efficient products and services and efficient business strategies to independent business owners across all 50 states to help them grow their sales, control their expenses, and reduce their risk.

NewtekOne’s and its subsidiaries’ business and financial solutions include: Banking (Newtek Bank, N.A.),Business Lending,SBA Lending Solutions,Electronic Payment Processing,Accounts Receivable Financing & Inventory Financing,Insurance Solutions and Payroll and Benefits Solutions. In addition, NewtekOne offers its clients the Technology Solutions (Cloud Computing, Data Backup, Storage and Retrieval, IT Consulting and Web Services) provided by Intelligent Protection Management Corp. (IPM.com)

Newtek

®
, NewtekOne®, Newtek Bank®, National Association, Your Business Solutions Company®, One Solution for All Your Business Needs® and Newtek Advantage® are registered trademarks of NewtekOne, Inc.

Note Regarding Forward-Looking Statements

Certain statements in this press release are “forward-looking statements” within the meaning of the rules and regulations of the Private Securities Litigation and Reform Act of 1995 are based on the current beliefs and expectations of NewtekOne’s management and are subject to significant risks and uncertainties. Actual results may differ materially from those set forth in the forward-looking statements. See “Note Regarding Forward-Looking Statements” and the sections entitled “Risk Factors” in our filings with the Securities and Exchange Commission which are available on NewtekOne’s website (https://investor.newtekbusinessservices.com/sec-filings) and on the Securities and Exchange Commission’s website (www.sec.gov). Any forward-looking statements made by or on behalf of NewtekOne speak only as to the date they are made, and NewtekOne does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.

SOURCE: NewtekOne, Inc.


Investor Relations & Public Relations


Contact: Bryce Rowe
Telephone: (212) 273-8292 / [email protected]



Posted on

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Helix Energy Solutions Group, Inc. (NYSE – HLX), TopBuild Corp. (NYSE – BLD), Avanos Medical, Inc. (NYSE – AVNS), Affinity Bancshares (Nasdaq – AFBI)

BALA CYNWYD, Pa., May 05, 2026 (GLOBE NEWSWIRE) — Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky ([email protected]) or Marc Ackerman ([email protected]) at 855-576-4847. There is no cost or financial obligation to you.

Helix Energy Solutions Group, Inc. (NYSE – HLX)

Under the terms of the Merger Agreement, Helix will be acquired by Hornbeck Offshore Services, Inc. (“Hornbeck”). Upon closing of the transaction, Helix shareholders will own approximately 45% of the combined company on a fully diluted basis. The investigation concerns whether the Helix Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the proposed transaction is paying fair value to shareholders of the Company.

Additional information can be found at https://www.brodskysmith.com/cases/helix-energy-solutions-group-inc-nyse-hlx/.

TopBuild Corp. (NYSE – BLD)

Under the terms of the Merger Agreement, TopBuild will be acquired by QXO, Inc. (NYSE – QXO). TopBuild stockholders will have the right to elect to receive $505 in cash or 20.2 shares of QXO common stock for each TopBuild share held, subject to proration, on the condition that the total transaction consideration is paid as approximately 45% in cash and 55% in shares of QXO common stock. The investigation concerns whether the TopBuild Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the proposed transaction is paying fair value to shareholders of the Company. For example, the deal consideration is below the 52-week high of $559.47 for the Company’s shares.

Additional information can be found at https://www.brodskysmith.com/cases/topbuild-corp-nyse-bld/.

Avanos Medical, Inc. (NYSE – AVNS)

Under the terms of the Merger Agreement, Avanos will be acquired by American Industrial Partners for $25.00 per share in cash in a deal with an enterprise value of approximately $1.272 billion. The investigation concerns whether the Avanos Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the proposed transaction is paying fair value to shareholders of the Company.

Additional information can be found at visit https://www.brodskysmith.com/cases/avanos-medical-inc-nyse-avns-2/.

Affinity Bancshares, Inc. (Nasdaq – AFBI)

Under the terms of the Merger Agreement, Affinity Bancshares will be acquired by Fidelity BancShares (N.C.), Inc. (“Fidelity”) for $23.00 per share in a cash transaction, representing a total transaction value of approximately $142.8 million. The investigation concerns whether the Affinity Bancshares Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the proposed transaction is paying fair value to shareholders of the Company.

Additional information can be found at https://www.brodskysmith.com/cases/affinity-bancshares-inc-nasdaq-afbi/.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.



Posted on

FitLife Brands Announces First Quarter Earnings Call

OMAHA, NE, May 05, 2026 (GLOBE NEWSWIRE) — FitLife Brands, Inc. (“FitLife,” or the “Company”) (Nasdaq: FTLF), a provider of innovative and proprietary nutritional supplements and wellness products, today announced that it plans to report its financial performance for the first quarter of fiscal 2026 on Thursday, May 14, 2026.

In addition, the Company announced that it will hold an investor conference call after market close on May 14, 2026 at 5:00 pm ET.  Investors interested in participating in the live call can dial (833) 492-0064 from the U.S. and provide the conference identification code of 133048.  International participants can dial (973) 528-0163 and provide the same code.

About FitLife Brands

FitLife Brands is a developer and marketer of innovative and proprietary nutritional supplements and wellness products for health-conscious consumers.  FitLife markets over 500 different products online and through various retail locations.  FitLife is headquartered in Omaha, Nebraska.  For more information, please visit our website at www.fitlifebrands.com.



[email protected]

Posted on

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: Esperion Therapeutics, Inc. (Nasdaq – ESPR), Sila Realty Trust, Inc. (NYSE – SILA), Lisata Therapeutics, Inc. (Nasdaq – LSTA), SkyWater Technology, Inc. (Nasdaq – SKYT)

BALA CYNWYD, Pa., May 05, 2026 (GLOBE NEWSWIRE) — Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky ([email protected]) or Marc Ackerman ([email protected]) at 855-576-4847. There is no cost or financial obligation to you.

Esperion Therapeutics, Inc. (Nasdaq – ESPR)

Under the terms of the Merger Agreement, Esperion will be acquired by funds managed by ARCHIMED for $3.16 per share in cash plus the right to participate in contingent milestone payments of up to $100 million in the aggregate tied to future net sales performance. The investigation concerns whether the Esperion Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the proposed transaction is paying fair value to shareholders of the Company.

Additional information can be found at https://www.brodskysmith.com/cases/esperion-therapeutics-inc-nasdaq-espr/.

Sila Realty Trust, Inc. (NYSE – SILA)

Under the terms of the Merger Agreement, Sila will be acquired by certain affiliates of Blue Owl Capital Inc. (NYSE – OWL) for $30.38 per share in an all-cash transaction valued at approximately $2.4 billion. The investigation concerns whether the Sila Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the proposed transaction is paying fair value to shareholders of the Company.

Additional information can be found at https://www.brodskysmith.com/cases/sila-realty-trust-inc-nyse-sila/.

Lisata Therapeutics, Inc. (Nasdaq – LSTA)

Under the terms of the Merger Agreement, Lisata Therapeutics will be acquired by Kuva Labs, Inc. (“Kuva”) for $4.00 per share in cash plus two non-tradeable contingent value rights (CVRs), payable as follows: (1) $1.00 per share, in cash, within 12 months of the date on which rights to certepetide in the Greater China region revert to Lisata from Qilu Pharmaceutical; and (2) $1.00 per share, in cash, upon the filing of an NDA or similar registration document by Kuva for approval to commercialize certepetide in any indication in any jurisdiction. The investigation concerns whether the Lisata Therapeutics Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company’s shareholders.

Additional information can be found at https://www.brodskysmith.com/cases/lisata-therapeutics-inc-nasdaq-lsta/.

SkyWater Technology, Inc. (Nasdaq – SKYT)

Under the terms of the Merger Agreement, Skywater will be acquired by IonQ (NYSE – IONQ) for $35.00 per share in a cash-and-stock transaction, implying a total equity value of approximately $1.8 billion. The investigation concerns whether the SkyWater Technology Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the deal consideration provides fair value to the Company’s shareholders. For example, the deal consideration is below the 52-week high of $36.27 for the Company’s shares.

Additional information can be found at https://www.brodskysmith.com/cases/skywater-technology-inc-nasdaq-skyt/.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.



Posted on

Brunswick Corporation Declares Quarterly Dividend

METTAWA, Ill., May 05, 2026 (GLOBE NEWSWIRE) — The Board of Directors of Brunswick Corporation (NYSE: BC) today declared a quarterly dividend on its common stock of $0.44 per share.

The dividend will be payable on June 15, 2026, to shareholders of record at the close of business on May 18, 2026.

About Brunswick Corporation:

Brunswick Corporation (NYSE: BC) is a global leader in marine recreation, delivering innovation that transforms experiences on the water and beyond. Its technology-driven solutions are informed by deep consumer insights and guided by the belief that “Next Never Rests™.” Brunswick is home to more than 60 industry-leading brands across marine propulsion (including Mercury Marine), parts and accessories (including Attwood), and marine electronics (including Simrad and Lowrance), as well as boat brands including Boston Whaler, Sea Ray, Bayliner, Lund, and Harris. Headquartered in Mettawa, Illinois, Brunswick has approximately 14,500 employees operating in 26 countries. Learn more at Brunswick.com.

Forward-Looking Statements

Certain statements in this news release are forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations, estimates, and projections about Brunswick’s business and by their nature address matters that are, to different degrees, uncertain. Words such as “may,” “could,” “should,” “will,” “expect,” “anticipate,” “project,” “position,” “intend,” “target,” “plan,” “seek,” “estimate,” “believe,” “predict,” “outlook,” and similar expressions are intended to identify forward-looking statements. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties that may cause actual results to differ materially from expectations as of the date of this news release. These risks include, but are not limited to: the effect of adverse general economic conditions, including rising interest rates, and the amount of disposable income consumers have available for discretionary spending; changes to trade policy and tariffs, including retaliatory tariffs; fiscal and monetary policy changes; adverse capital market conditions; changes in currency exchange rates; competitive pricing pressures; higher energy and fuel costs; managing our manufacturing footprint and operations; loss of key customers; international business risks, geopolitical tensions or conflicts, sanctions, embargoes, or other regulations; actual or anticipated increases in costs, disruptions of supply, or defects in raw materials, parts, or components we purchase from third parties; supplier manufacturing constraints, increased demand for shipping carriers, and transportation disruptions; adverse weather conditions, climate change events and other catastrophic event risks; our ability to develop new and innovative products and services at a competitive price; absorbing fixed costs in production; our ability to meet demand in a rapidly changing environment; public health emergencies or pandemics; our ability to successfully implement our strategic plan and growth initiatives; attracting and retaining skilled labor, implementing succession plans for key leadership and executing organizational and leadership changes; our ability to integrate acquisitions and the risk for associated disruption to our business; the risk that restructuring or strategic divestitures will not provide business benefits; our ability to identify and complete targeted acquisitions; maintaining effective distribution; dealer and customer ability to access adequate financing; inventory reductions by dealers, retailers, or independent boat builders; requirements for us to repurchase inventory; risks related to the Freedom Boat Club franchise business model; outages, breaches, or other cybersecurity events regarding our technology systems, which have affected and could further affect manufacturing and business operations and could result in lost or stolen information and associated remediation costs; our ability to protect our brands and intellectual property; an impairment to the value of goodwill and other assets; product liability, warranty, and other claims risks; legal, environmental, and other regulatory compliance, including increased costs, fines, and reputational risks; risks associated with joint ventures that do not operate solely for our benefit; changes in income tax legislation or enforcement; managing our share repurchases; and risks associated with certain divisive shareholder activist actions.

Additional risk factors are included in the Company’s Annual Report on Form 10-K for 2025 and in subsequent Quarterly Reports on Form 10-Q. Forward-looking statements speak only as of the date on which they are made, and Brunswick does not undertake any obligation to update them to reflect events or circumstances after the date of this news release.



Lee
Gordon —
Chief Communications Officer
M: (904) 860-8848 | O: (847) 735-4003

Posted on

BRODSKY & SMITH SHAREHOLDER UPDATE: Notifying Investors of the Following Investigations: XOMA Royalty Corporation (Nasdaq – XOMA), Organon & Co. (NYSE – OGN), RE/MAX Holdings, Inc. (NYSE – RMAX), Soleno Therapeutics, Inc. (Nasdaq – SLNO)

BALA CYNWYD, Pa., May 05, 2026 (GLOBE NEWSWIRE) — Brodsky & Smith reminds investors of the following investigations. If you own shares and wish to discuss the investigation, contact Jason Brodsky ([email protected]) or Marc Ackerman ([email protected]) at 855-576-4847. There is no cost or financial obligation to you.

XOMA Royalty Corporation (Nasdaq – XOMA)

Under the terms of the Merger Agreement, XOMA will be acquired by Ligand Pharmaceuticals Incorporated (Nasdaq – LGND) for $39.00 per share of common stock in cash, for a total equity value of approximately $739 million. XOMA stockholders are expected to separately receive one non-transferable Contingent Value Right (“CVR”) per share entitling the holder to receive a portion of 75% of the net proceeds that may result from certain pending litigation at XOMA Royalty. The investigation concerns whether the XOMA Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the proposed transaction is paying fair value to shareholders of the Company. For example, the deal consideration is below the 52-week high of $42.38 for the Company’s shares.

Additional information can be found at visit https://www.brodskysmith.com/cases/xoma-royalty-corporation-nasdaq-xoma/.

Organon & Co. (NYSE – OGN)

Under the terms of the Merger Agreement, Organon will be acquired by Sun Pharmaceutical Industries Limited for $14.00 per share in an all-cash transaction with an enterprise valuation of $11.75 billion. The investigation concerns whether the Organon Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the proposed transaction is paying fair value to shareholders of the Company.

Additional information can be found at https://www.brodskysmith.com/cases/organon-co-nyse-ogn/.

RE/MAX Holdings, Inc. (NYSE – RMAX)

Under the terms of the Merger Agreement, RE/MAX will be acquired by The Real Brokerage Inc. (Nasdaq – REAX) whereby RE/MAX Holdings shareholders will have the right to elect to receive 5.152 shares of the new holding company, Real REMAX Group, or $13.80 in cash, subject to proration. The investigation concerns whether the RE/MAX Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the proposed transaction is paying fair value to shareholders of the Company.

Additional information can be found at https://www.brodskysmith.com/cases/re-max-holdings-inc-nyse-rmax/.

Soleno Therapeutics, Inc. (Nasdaq – SLNO)

Under the terms of the Merger Agreement, Soleno will be acquired by Neurocrine Biosciences, Inc. (Nasdaq – NBIX) for $53.00 per share in a cash transaction, representing a total transaction equity value of approximately $2.9 billion. The investigation concerns whether the Soleno Board breached its fiduciary duties to shareholders by failing to conduct a fair process, including whether the proposed transaction is paying fair value to shareholders of the Company. For example, the deal consideration is below the 52-week high of $90.32 for the Company’s shares.

Additional information can be found at https://www.brodskysmith.com/cases/soleno-therapeutics-inc-nasdaq-slno/.

Brodsky & Smith is a litigation law firm with extensive expertise representing shareholders throughout the nation in securities and class action lawsuits. The attorneys at Brodsky & Smith have been appointed by numerous courts throughout the country to serve as lead counsel in class actions and have successfully recovered millions of dollars for our clients and shareholders. Attorney advertising. Prior results do not guarantee a similar outcome.



Posted on

Assurant Increases Full Year Outlook on Record First Quarter Results

Assurant Increases Full Year Outlook on Record First Quarter Results

Strong Start to 2026 Led by Record Earnings in Global Lifestyle

2026 to Deliver Strong Underlying Growth Driven by Global Lifestyle Adjusted EBITDA Growth of Approximately 10%

ATLANTA–(BUSINESS WIRE)–
Assurant, Inc. (NYSE: AIZ):

(Unaudited)

Q1’26

 

Q1’25

 

Change

$ in millions, except per share data

GAAP net income

274.1

 

146.6

 

87%

Adjusted EBITDA1

441.5

 

282.2

 

56%

Adjusted EBITDA, ex. reportable catastrophes2

465.9

 

439.2

 

6%

 

 

 

 

 

 

GAAP net income per diluted share

5.41

 

2.83

 

91%

Adjusted earnings per diluted share3

5.95

 

3.39

 

76%

Adjusted earnings, ex. reportable catastrophes, per diluted share4

6.33

 

5.79

 

9%

Note: The metrics included within the company’s outlook and certain other metrics are non-GAAP financial measures. The company believes that it cannot, without unreasonable efforts, forecast certain information needed to reconcile outlook to the GAAP measures, the probable significance of which cannot be determined. More information can be found in the Non-GAAP Financial Measures section.

Assurant, Inc. (NYSE: AIZ), a global company that redefines the boundaries of protection – safeguarding and servicing connected devices, homes, automobiles, and commercial equipment in partnership with the world’s most successful brands, today announced results for the first quarter ended March 31, 2026.

“Our first quarter performance represented Assurant’s best quarter in history driven by record earnings in Global Lifestyle. Our position as a market leader continues to generate attractive cash flows and reinforces our solid, flexible capital position — enabling us to accelerate share repurchases in the first quarter. We continue to scale capabilities, deepen client partnerships, and execute against a robust pipeline of new client opportunities, supported by the durability of our earnings. We are proud of the long-term outperformance we’ve driven and more excited than ever about the future, including expansion into attractive new markets where we see a clear path to market leadership,” said Assurant President and CEO Keith Demmings.

“Driven by our strong start to the year, we are increasing our 2026 enterprise outlook. We now expect Adjusted EBITDA and Adjusted earnings per share, both excluding reportable catastrophes, to grow low single digits, or high single digits on an underlying basis. We also now expect to return $300 to $350 million in share repurchases, at the upper end of our 2026 guidance,” Demmings added.

First Quarter Consolidated Results

(Unaudited)

Q1’26

 

Q1’25

 

Change

$ in millions

 

 

 

 

 

 

GAAP net income

274.1

 

146.6

 

87%

 

 

 

 

 

 

Adjusted EBITDA

 

 

 

 

 

Global Lifestyle

236.7

 

197.8

 

20%

Global Housing

236.7

 

112.4

 

111%

Corporate and Other

(31.9)

 

(28.0)

 

(14)%

Adjusted EBITDA1

441.5

 

282.2

 

56%

Reportable catastrophes

24.4

 

157.0

 

 

Adjusted EBITDA, ex. reportable catastrophes

 

 

 

 

 

Global Lifestyle2

236.7

 

198.1

 

19%

Global Housing2

261.1

 

269.1

 

(3)%

Corporate and Other

(31.9)

 

(28.0)

 

(14)%

Adjusted EBITDA, ex. reportable catastrophes2

465.9

 

439.2

 

6%

Note: Adjusted EBITDA of the Global Lifestyle, Global Housing, and Corporate and Other segments is the segment measure of profitability in our GAAP financial statements and includes reportable catastrophes. Some of the metrics throughout this press release are non-GAAP measures of performance. A full reconciliation of each non-GAAP measure to the most comparable GAAP measure can be found in the Non-GAAP Financial Measures section.

First Quarter 2026 Consolidated Results

  • GAAP net income increased 87 percent to $274.1 million compared to first quarter 2025 of $146.6 million, driven by lower reportable catastrophes and higher Global Lifestyle earnings.
  • GAAP net incomeper diluted share increased 91 percent to $5.41 compared to first quarter 2025 of $2.83. The increase was primarily driven by the factors noted above.
  • Adjusted EBITDA1increased 56 percent to $441.5 million compared to the prior year period of $282.2 million, primarily due to lower reportable catastrophes. Excluding reportable catastrophes, Adjusted EBITDA2 increased 6 percent, or 5 percent on a constant currency basis5,to $465.9 million, due to growth within Global Lifestyle.
  • Adjusted earnings, excluding reportable catastrophes, per diluted share4, increased 9 percent to $6.33 compared to the prior year period of $5.79. The increase was driven by the factors noted above and the impact of a lower effective tax rate and share repurchases, partially offset by higher depreciation expense.
  • Net earned premiums, fees and other income from the Global Lifestyle and Global Housing segments totaled $3.28 billion compared to first quarter 2025 of $2.96 billion, up 11 percent, driven by growth in both Global Lifestyle and Global Housing.

Global Lifestyle

$ in millions

Q1’26

 

Q1’25

 

Change

Adjusted EBITDA

236.7

 

197.8

 

20%

Net earned premiums, fees and other income

2,551.0

 

2,306.6

 

11%
  • Adjusted EBITDA increased 20 percent compared to first quarter 2025, driven by double-digit earnings growth across both Connected Living and Global Automotive. Results included $13 million from a real estate joint venture gain, of which $10 million was in Global Automotive. Connected Living results benefitted from subscriber growth in mobile protection programs and trade-in performance. Global Automotive results increased from higher investment income, including the gain noted above, and improved loss experience.
  • Net earned premiums, fees and other income increased 11 percent compared to first quarter 2025, driven primarily by Connected Living growth from higher trade-in volumes and global mobile protection programs, as well as higher contributions from extended service contract programs, including a recently launched U.S. program.

Global Housing

$ in millions

Q1’26

 

Q1’25

 

Change

Adjusted EBITDA

236.7

 

112.4

 

111%

Reportable catastrophes

24.4

 

156.7

 

 

Adjusted EBITDA, ex. reportable catastrophes2

261.1

 

269.1

 

(3)%

Net earned premiums, fees and other income

729.1

 

656.8

 

11%
  • Adjusted EBITDA increased 111 percent compared to first quarter 2025, mainly from $132.3 million of lower pre-tax reportable catastrophes. Excluding reportable catastrophes, Adjusted EBITDA2 decreased 3 percent, including $8 million of lower favorable prior year reserve development (PYD)(a). Underlying results, excluding PYD, were consistent with the prior period. The quarter reflected more normalized non-catastrophe loss experience compared to a lower than typical first quarter 2025. This was offset by growth within Homeowners from higher lender-placed policies in-force and increased contributions from specialty products. Higher investment income also supported results.

    (a) First quarter 2026 had $18.8 million of favorable non-catastrophe PYD, compared to $26.4 million of favorable non-catastrophe PYD in first quarter 2025.

  • Net earned premiums, fees and other income increased 11 percent compared to first quarter 2025, driven by higher policies in-force and average premiums within lender-placed, and increases across various specialty products and Renters and Other.

Corporate and Other

$ in millions

Q1’26

 

Q1’25

 

Change

Adjusted EBITDA

(31.9)

 

(28.0)

 

(14)%
  • Adjusted EBITDA loss increased in first quarter 2026 compared to the prior year period, driven by organic investments to support our Home Warranty business, partially offset by higher investment income from higher assets.

Holding Company Liquidity Position

  • Holding company liquidity totaled $836 million as of March 31, 2026, or $611 million above the company’s minimum level of $225 million.

    Dividends paid by the operating segments to the holding company in first quarter 2026 totaled $138 million.

  • Share repurchases and common stock dividends totaled $169 million in first quarter 2026. During first quarter 2026, Assurant repurchased approximately 556 thousand shares of common stock for $125 million and paid $44 million in common stock dividends.

    From April 1 through May 1, 2026, the company repurchased approximately 133 thousand shares for $30 million. $620 million remains under the current repurchase authorization.

2026 Company Outlook6

Note: Some of the metrics included within the company’s outlook are non-GAAP financial measures and the company believes that it cannot, without unreasonable efforts, forecast certain information needed to reconcile to the GAAP measures, the probable significance of which cannot be determined. More information can be found in the Non-GAAP Financial Measures section.

Based on current macroeconomic conditions, the company now expects the following:

$ in millions, except per share data

2025

2026 Outlook6

2026 Outlook ex. PYD(b)

Adjusted EBITDA, ex. reportable catastrophes2

$1,734

Low single digits

High single digits

Adjusted earnings, ex. reportable catastrophes, per diluted share4

$22.81

Low single digits

High single digits

(b)Excludes the impact of $94 million of lower favorable prior year reserve development (PYD) in Global Housing. This reflects $113 million of favorable PYD in 2025 and $19 million of favorable PYD in first quarter 2026.
  • Adjusted EBITDA, excluding reportable catastrophes6, now expected to increase low single digits.
    • Global Lifestyle Adjusted EBITDA now expected to increase by approximately 10 percent with contributions from Connected Living and Global Automotive.
    • Global Housing Adjusted EBITDA, excluding reportable catastrophes6, now expected to decline only modestly.
    • Corporate and Other Adjusted EBITDA loss to approximate $140 million, reflecting organic investments in our Home Warranty business.
  • Adjusted earnings, excluding reportable catastrophes, per diluted share6, now expected to increase low single digits. The company now expects depreciation expense of approximately $180 million and an effective tax rate of approximately 19 to 21 percent, and continues to expect interest expense of approximately $113 million and amortization of purchased intangible assets of approximately $70 million.
  • Capital deployment priorities to focus on maintaining a strong, flexible financial position, supporting business growth by funding organic investments and M&A, and returning capital to shareholders through common stock dividends and share repurchases, subject to Board approval.

Earnings Conference Call

The first quarter 2026 earnings conference call and webcast will be held on Wednesday, May 6, 2026 at 8:00 a.m. E.T. The slide presentation used by management during the webcast includes supplemental information and will be available on Assurant’s Investor Relations website prior to the conference call. The live and archived webcast, along with supplemental information, will also be available on Assurant’s Investor Relations website: https://ir.assurant.com/overview/default.aspx

About Assurant

Assurant, Inc. (NYSE: AIZ) redefines the boundaries of protection – safeguarding and servicing connected devices, homes, automobiles, and commercial equipment in partnership with the world’s most successful brands. As a Fortune 500 company operating in 21 countries, Assurant leads the way in leveraging insights and technology to transform customer connections that build loyalty and drive value.

Learn more at assurant.com

Safe Harbor Statement

Some of the statements in this news release, including our business and financial plans and any statements regarding our anticipated future financial performance, business prospects, growth, operating strategies, valuation and similar matters, such as performance outlook, financial objectives, business drivers, our ability to gain market share, and the strength, diversity, predictability, resiliency and durability of enterprise and segment earnings, cash flows and other results, may constitute forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995.

You can identify forward-looking statements by the use of words such as “outlook,” “objective,” “will,” “may,” “can,” “anticipates,” “expects,” “estimates,” “projects,” “intends,” “plans,” “believes,” “targets,” “forecasts,” “potential,” “approximately,” and the negative version of those words and other words and terms with a similar meaning. Any forward-looking statements contained in this news release or its exhibits are based upon our historical performance and on current plans, estimates and expectations. The inclusion of this forward-looking information should not be regarded as a representation by us or any other person that our future plans, estimates or expectations will be achieved. Our actual results might differ materially from those projected in the forward-looking statements. We undertake no obligation to update or review any forward-looking statement, whether as a result of new information, future events or other developments. The following factors could cause our actual results to differ materially from those currently estimated by management, including those projected in the company outlook:

  1. the impact of general economic, financial market and political conditions and conditions in the markets in which we operate, including inflation, geopolitical conflict in the Middle East, tariff policies in the United States and abroad, global supply chain impacts and recessionary pressures;

  2. the loss of significant clients, distributors or other parties with whom we do business, or if we are unable to renew contracts with them on favorable terms, or if they disintermediate us, or if those parties face financial, reputational or regulatory issues;

  3. significant competitive pressures, changes in customer preferences and disruption, including the impact of artificial intelligence;

  4. the failure to execute our strategy, including through organic growth and the continuing service of key executives, senior leaders, highly-skilled personnel and a high-performing workforce;

  5. the failure to find suitable acquisitions at attractive prices, integrate acquired businesses or divest of non-strategic businesses effectively;

  6. our inability to recover should we experience a business continuity event;

  7. the failure to manage vendors and other third parties on whom we rely to conduct business and provide services to our clients;

  8. risks related to our international operations;

  9. declines in the value and availability of mobile devices, and regulatory compliance or other risks in our mobile business;

  10. our inability to develop and maintain distribution sources or attract and retain sales representatives and executives with key client relationships;

  11. risks associated with joint ventures, franchises and investments in which we share ownership and management with third parties;

  12. the impact of catastrophe and non-catastrophe losses, including as a result of climate change and the current inflationary environment;

  13. negative publicity relating to our business, practices, industry or clients;

  14. the adequacy of reserves established for claims and our inability to accurately predict and price for claims and other costs;

  15. a decline in financial strength ratings of our insurance subsidiaries or in our corporate senior debt ratings;

  16. fluctuations in exchange rates, including in the current environment;

  17. an impairment of goodwill or other intangible assets;

  18. the failure to maintain effective internal control over financial reporting;

  19. unfavorable conditions in the capital and credit markets;

  20. a decrease in the value of our investment portfolio, including due to market, credit and liquidity risks, and changes in interest rates;

  21. an impairment in the value of our deferred tax assets;

  22. the unavailability or inadequacy of reinsurance coverage and the credit risk of reinsurers, including those to whom we have sold business through reinsurance;

  23. the credit risk of some of our agents, third-party administrators and clients;

  24. the inability of our subsidiaries to pay sufficient dividends to the holding company and limitations on our ability to declare and pay dividends or repurchase shares;

  25. limitations in the analytical models we use to assist in our decision-making;

  26. the failure to effectively maintain and modernize our technology systems and infrastructure, or the failure to integrate those of acquired businesses;

  27. breaches of our technology systems or those of third parties with whom we do business, or the failure to protect the security of data in such systems, including due to cyberattacks and as a result of working remotely;

  28. the costs of complying with, or the failure to comply with, extensive laws and regulations to which we are subject, including those related to privacy, data security, data protection and tax;

  29. the impact of litigation and regulatory actions;

  30. reductions or deferrals in the insurance premiums we charge;

  31. changes in insurance, tax and other regulations;

  32. volatility in our common stock price and trading volume; and

  33. employee misconduct.

For additional information on factors that could affect our actual results, please refer to the factors identified in the reports we file with the U.S. Securities and Exchange Commission, including the risk factors identified in our most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.

Non-GAAP Financial Measures

Assurant uses the following non-GAAP financial measures to analyze the company’s operating performance. Assurant’s non-GAAP financial measures should not be considered in isolation or as a substitute for GAAP financial measures. Because Assurant’s calculation of these measures may differ from similar measures used by other companies, investors should be careful when comparing Assurant’s non-GAAP financial measures to those of other companies.

(1)

Adjusted EBITDA: Assurant uses Adjusted EBITDA as an important measure of the company’s operating performance. Assurant defines Adjusted EBITDA as net income, excluding net realized gains (losses) on investments and fair value changes to equity securities, interest expense, benefit (provision) for income taxes, depreciation expense, amortization of purchased intangible assets, as well as other highly variable or unusual items. The company believes this metric provides investors with an important measure of the company’s operating performance because it excludes items that do not represent the ongoing operations of the company, and therefore (i) enhances management’s and investors’ ability to analyze the ongoing operations of its businesses and (ii) facilitates comparisons of its operating performance over multiple periods, including because the amortization expense associated with purchased intangible assets may fluctuate from period to period based on the timing, size, nature and number of acquisitions. Although the company excludes amortization of purchased intangible assets from Adjusted EBITDA, revenue generated from such intangible assets is included within the revenue in determining Adjusted EBITDA. The comparable GAAP measure is net income. See Note 2 below for a full reconciliation.

 

(2)

Adjusted EBITDA, Excluding Reportable Catastrophes: Assurant uses Adjusted EBITDA (defined above), excluding reportable catastrophes (which represents individual catastrophic events that generate losses in excess of $5.0 million, pre-tax, net of reinsurance and client profit sharing adjustments and including reinstatement and other premiums), as another important measure of the company’s operating performance. The company believes this metric provides investors with an important measure of the company’s operating performance for the reasons noted above, and because it excludes reportable catastrophes, which can be volatile. The comparable GAAP measure is net income.

(UNAUDITED)

1Q

 

1Q

 

12

Months

($ in millions)

2026

 

2025

 

2025

GAAP net income

$

274.1

 

 

$

146.6

 

$

872.7

Less:

 

 

 

 

 

Interest expense

 

28.3

 

 

 

26.8

 

 

109.7

Provision for income taxes

 

61.5

 

 

 

37.1

 

 

214.7

Depreciation expense

 

43.3

 

 

 

35.1

 

 

156.4

Amortization of purchased intangible assets

 

17.7

 

 

 

18.4

 

 

67.4

Adjustments, pre-tax:

 

 

 

 

 

Net realized losses on investments and fair value changes to equity securities

 

21.2

 

 

 

16.0

 

 

71.8

Other adjustments(1)

 

(4.6

)

 

 

2.2

 

 

43.5

Adjusted EBITDA

 

441.5

 

 

 

282.2

 

 

1,536.2

Reportable catastrophes

 

24.4

 

 

 

157.0

 

 

198.2

Adjusted EBITDA, excluding reportable catastrophes

$

465.9

 

 

$

439.2

 

$

1,734.4

(1)

Additional details about the components of Other adjustments and other key financial metrics throughout this press release are included in the Financial Supplement located on Assurant’s Investor Relations website: https://ir.assurant.com/overview/default.aspx

(UNAUDITED)

1Q 2026

 

1Q 2025

 

Global Lifestyle

 

Global

Housing

 

Global Lifestyle

 

Global

Housing

($ in millions)

 

 

 

Adjusted EBITDA

$

236.7

 

$

236.7

 

$

197.8

 

$

112.4

Reportable catastrophes

 

—

 

 

24.4

 

 

0.3

 

 

156.7

Adjusted EBITDA, excluding reportable catastrophes

$

236.7

 

$

261.1

 

$

198.1

 

$

269.1

(3)

Adjusted Earnings per Diluted Share: Assurant uses Adjusted earnings per diluted share as an important measure of the company’s stockholder value. Assurant defines Adjusted earnings per diluted share as (i) net income, excluding net realized gains (losses) on investments and fair value changes to equity securities, amortization of purchased intangible assets, as well as other highly variable or unusual items, less earnings allocated to participating securities, divided by (ii) the weighted average diluted shares outstanding. The company believes this metric provides investors with an important measure of stockholder value because it excludes items that do not represent the ongoing operations of the company, and therefore (i) enhances management’s and investors’ ability to analyze the ongoing operations of its businesses and (ii) facilitates comparisons of its operating performance over multiple periods, including because the amortization expense associated with purchased intangible assets may fluctuate from period to period based on the timing, size, nature and number of acquisitions. Although the company excludes amortization of purchased intangible assets from Adjusted earnings, revenue generated from such intangible assets is included within the revenue in determining Adjusted earnings. The comparable GAAP measure is net income per diluted share. See Note 4 below for a full reconciliation.

 

 

(4)

Adjusted Earnings, Excluding Reportable Catastrophes, per Diluted Share: Assurant uses Adjusted earnings, excluding reportable catastrophes, per diluted share (each as defined above) as another important measure of the company’s stockholder value. The company believes this metric provides investors with an important measure of stockholder value for the reasons noted above, and because it excludes reportable catastrophes, which can be volatile. The comparable GAAP measure is net income per diluted share.
(UNAUDITED)

1Q

 

1Q

 

12

Months

($ in millions)

2026

 

2025

 

2025

GAAP net income

$

274.1

 

 

$

146.6

 

 

$

872.7

 

Adjustments, pre-tax:

 

 

 

 

 

Net realized losses on investments and fair value changes to equity securities

 

21.2

 

 

 

16.0

 

 

 

71.8

 

Amortization of purchased intangible assets

 

17.7

 

 

 

18.4

 

 

 

67.4

 

Other adjustments

 

(4.6

)

 

 

2.2

 

 

 

43.5

 

Benefit for income taxes

 

(7.3

)

 

 

(7.7

)

 

 

(36.5

)

Adjusted earnings

 

301.1

 

 

 

175.5

 

 

 

1,018.9

 

Reportable catastrophes, pre-tax

 

24.4

 

 

 

157.0

 

 

 

198.2

 

Tax impact of reportable catastrophes

 

(5.2

)

 

 

(33.0

)

 

 

(41.7

)

Adjusted earnings, excluding reportable catastrophes

$

320.3

 

 

$

299.5

 

 

$

1,175.4

 

 

 

 

 

 

 

(UNAUDITED)

1Q

 

1Q

 

12

Months

 

2026

 

2025

 

2025

GAAP net income per diluted share(1)

$

5.41

 

 

$

2.83

 

 

$

16.93

 

Adjustments, pre-tax:

 

 

 

 

 

Net realized losses on investments and fair value changes to equity securities

 

0.42

 

 

 

0.31

 

 

 

1.39

 

Amortization of purchased intangible assets

 

0.35

 

 

 

0.36

 

 

 

1.31

 

Other adjustments

 

(0.09

)

 

 

0.04

 

 

 

0.85

 

Benefit for income taxes

 

(0.14

)

 

 

(0.15

)

 

 

(0.71

)

Adjusted earnings, per diluted share

 

5.95

 

 

 

3.39

 

 

 

19.77

 

Reportable catastrophes, pre-tax

 

0.48

 

 

 

3.03

 

 

 

3.85

 

Tax impact of reportable catastrophes

 

(0.10

)

 

 

(0.63

)

 

 

(0.81

)

Adjusted earnings, excluding reportable catastrophes, per diluted share

$

6.33

 

 

$

5.79

 

 

$

22.81

 

(1)

Information on the share counts used in the per share calculations throughout this press release are included in the Financial Supplement located on Assurant’s Investor Relations website: https://ir.assurant.com/overview/default.aspx

 

  

(5)

Constant Currency: Represents a non-GAAP financial measure. Excludes the impact of changes in foreign currency exchange rates used in the translation of the income statement because they can be volatile. These amounts are calculated by translating the comparable prior period results at the weighted average foreign currency exchange rates used in the current period, and it excludes the impact of foreign exchange transaction gains (losses) associated with the remeasurement of non-functional currencies. The company believes this information allows investors to identify the significance of changes in foreign currency exchange rates in period-to-period comparisons.

(UNAUDITED)

Constant

Currency

 

1Q 2026

Percentage change in GAAP net income, including FX impact

87.0

%

Percentage change in Adjusted EBITDA, including FX impact

56.4

%

Percentage change in Adjusted EBITDA, excluding reportable catastrophes:

 

Including FX impact

6.1

%

FX impact

0.9

%

Excluding FX impact

5.2

%

(6)

The company outlook for each of Adjusted earnings, excluding reportable catastrophes, per diluted share and, for Assurant and Global Housing, Adjusted EBITDA, excluding reportable catastrophes, each including and excluding 2025 prior year reserve development and first quarter 2026 development, constitute forward-looking non-GAAP financial measures and the company believes that it cannot, without unreasonable efforts, forecast certain information needed to reconcile such forward-looking non-GAAP financial measures to the most comparable GAAP measure, the probable significance of which cannot be determined. The company is able to quantify a full-year estimate of depreciation expense, interest expense and amortization of purchased intangible assets, each on a pre-tax basis, and the estimated effective tax rate, which are expected to be approximately $180 million, $113 million, $70 million and 19 to 21 percent, respectively. Other GAAP components cannot be reliably quantified due to the combination of variability and volatility of such components and may, depending on the size of the components, have a significant impact on the reconciliation.

Assurant, Inc.

Consolidated Statement of Operations (unaudited)

Three Months Ended March 31, 2026 and 2025
 

 

1Q

 

2026

 

2025

($ in millions except number of shares and per share amounts)

Revenues

 

 

 

Net earned premiums

$

2,781.9

 

 

$

2,562.3

 

Fees and other income

 

499.8

 

 

 

402.9

 

Net investment income

 

159.6

 

 

 

124.8

 

Net realized losses on investments and fair value changes to equity securities

 

(21.2

)

 

 

(16.0

)

Total revenues

 

3,420.1

 

 

 

3,074.0

 

Benefits, losses and expenses

 

 

 

Policyholder benefits

 

769.1

 

 

 

779.7

 

Underwriting, selling, general and administrative expenses

 

2,287.1

 

 

 

2,083.8

 

Interest expense

 

28.3

 

 

 

26.8

 

Total benefits, losses and expenses

 

3,084.5

 

 

 

2,890.3

 

Income before provision for income taxes

 

335.6

 

 

 

183.7

 

Provision for income taxes

 

61.5

 

 

 

37.1

 

Net income

$

274.1

 

 

$

146.6

 

 

 

 

 

 

 

 

 

Net income per share:

 

 

 

Basic

$

5.47

 

 

$

2.86

 

Diluted

$

5.41

 

 

$

2.83

 

 

 

 

 

Common stock dividends per share

$

0.88

 

 

$

0.80

 

 

 

 

 

 

 

 

 

Share data:

 

 

 

Basic weighted average shares outstanding

 

49,702,511

 

 

 

50,799,019

 

 

 

 

 

Diluted weighted average shares outstanding

 

50,197,547

 

 

 

51,248,716

 

Assurant, Inc.

Consolidated Condensed Balance Sheets (unaudited)

At March 31, 2026 and December 31, 2025
 

 

March 31,

 

December 31,

 

2026

 

2025

 

($ in millions)

Assets

 

 

 

Investments and cash and cash equivalents

$

11,813.6

 

 

$

11,896.1

 

Reinsurance recoverables

 

6,542.0

 

 

 

6,471.3

 

Deferred acquisition costs

 

10,201.4

 

 

 

10,187.6

 

Goodwill

 

2,654.5

 

 

 

2,646.3

 

Other assets

 

4,557.0

 

 

 

4,575.9

 

Assets held for sale

 

—

 

 

 

512.4

 

Total assets

$

35,768.5

 

 

$

36,289.6

 

 

 

 

 

Liabilities

 

 

 

Policyholder benefits and claims payable

$

2,223.3

 

 

$

2,156.9

 

Unearned premiums

 

20,902.7

 

 

 

20,881.4

 

Debt

 

2,207.5

 

 

 

2,206.9

 

Accounts payable and other liabilities

 

4,565.6

 

 

 

4,673.3

 

Liabilities held for sale

 

—

 

 

 

499.5

 

Total liabilities

 

29,899.1

 

 

 

30,418.0

 

 

 

 

 

Stockholders’ equity

 

 

 

Stockholders’ equity, excluding accumulated other comprehensive loss

 

6,498.4

 

 

 

6,415.8

 

Accumulated other comprehensive loss

 

(629.0

)

 

 

(544.2

)

Total stockholders’ equity

 

5,869.4

 

 

 

5,871.6

 

Total liabilities and stockholders’ equity

$

35,768.5

 

 

$

36,289.6

 

 

Media Contact:

Julie Strider

Vice President, Global Communications

[email protected]

Investor Relations Contacts:

Rebekah Biondo

Deputy CFO

[email protected]

Sean Moshier

Vice President, Investor Relations

[email protected]

KEYWORDS: Georgia United States North America

INDUSTRY KEYWORDS: Residential Building & Real Estate Commercial Building & Real Estate Automotive Technology Construction & Property Professional Services Trucking Transport General Automotive Insurance Mobile/Wireless

MEDIA:

Logo
Logo