James Shell's questions to Assurant Inc (AIZ) leadership • Q4 2024
Question
James Shell of Piper Sandler asked about the outlook for reinsurance renewal costs, the company's ability to get rate increases approved by regulators, and the potential impact of tariffs on input costs for the Lifestyle business.
Answer
CFO Keith Meier addressed reinsurance, stating they expect a consistent program structure and favorable pricing, with more details to come. CEO Keith Demmings handled the regulatory question, expressing confidence in their continued ability to get appropriate rates approved based on their strong track record. Regarding tariffs, Mr. Demmings noted they are not in the guide due to uncertainty but highlighted that the company has a proven playbook for managing rising input costs, citing recent success in navigating inflation in both the housing and auto businesses through features like inflation guards and rigorous client reviews.