Assurant, Inc. (NYSE:AIZ) Q3 2023 Earnings Conference Call November 1, 2023 8:00 AM ET
Company Participants
Suzanne Shepherd - SVP, IR & Sustainability
Keith Demmings - President, CEO & Director
Richard Dziadzio - EVP & CFO
Conference Call Participants
Mark Hughes - Truist Securities
Jeffrey Schmitt - William Blair & Company
Brian Meredith - UBS
Tommy McJoynt-Griffith - KBW
John Barnidge - Piper Sandler & Co.
Grace Carter - Bank of America Merrill Lynch
Operator
Welcome to Assurant's Third Quarter 2023 Conference Call and Webcast. [Operator Instructions].
It is now my pleasure to turn the floor over to Suzanne Shepherd, Senior Vice President of Investor Relations and Sustainability. You may begin.
Suzanne Shepherd
Thank you, operator, and good morning, everyone. We look forward to discussing our third quarter 2023 results with you today. Joining me for Assurant's conference call are Keith Demmings, our President and Chief Executive Officer; and Richard Dziadzio, our Chief Financial Officer.
Yesterday, after the market closed, we issued a news release announcing our results for the third quarter of 2023. The release and corresponding financial supplements are available on assurant.com. We'll start today's call with remarks from Keith and Richard before moving into a Q&A session.
Some of the statements made today are forward-looking. Forward-looking statements are based upon our historical performance and current expectations and subject to risks, uncertainties and other factors that may cause actual results to differ materially from those contemplated by these statements. Additional information regarding these factors can be found in yesterday's earnings release and financial supplement as well as in our SEC reports.
During today's call, we will refer to our non-GAAP financial measures, which we believe are important in evaluating the company's performance. For more details on these measures, the most comparable GAAP measures and a reconciliation of the two, please refer to yesterday's news release and financial supplements.
It is now my pleasure to turn the call over to Keith.
Keith Demmings
Thanks, Suzanne, and good morning, everyone. We're very pleased with the exceptionally strong results we achieved in the third quarter with adjusted EBITDA, excluding catastrophes, growing nearly 50% year-over-year or 19% on a year-to-date basis, both ahead of our expectations.
Our results were largely driven by continued momentum in Global Housing and our steadfast focus on executing our strategy, including driving innovation, creating efficiencies and strengthening our global partnerships. These efforts have positioned us to exceed our previous expectations of high single-digit adjusted EBITDA growth, excluding catastrophes.