Assurant reported higher fourth-quarter profit and revenue as its device protection and trade-in businesses continued to expand.
The Atlanta-based company’s Global Lifestyle business includes mobile device protection, trade-in and reverse logistics services for wireless carriers and retailers, along with automotive protection products.
Total revenue for the company increased 7.9% to $3.35 billion from $3.10 billion, while net income per diluted share rose 14% to $4.41 from $3.87.
Adjusted EBITDA increased 14% to $436.5 million from $381.4 million.
The Global Lifestyle segment reported higher adjusted EBITDA by 2% to $195.3 million in the quarter from $191.7 million in Q3, and rose 4% to $801.3 million on the year from $773.4 million.
On the earnings call, CEO Keith Demmings pointed to expanded carrier relationships and logistics capacity tied to device flows. “As previewed on our third quarter call, we expanded our T-Mobile relationship through a multiyear reverse logistics agreement and opened a dedicated state-of-the-art logistics facility,” Demmings said.
CFO Keith Meier said the trade-in and reverse logistics business has benefited from “the use of robotics and AI to assess mobile device quality and process trade-ins with greater speed and consistency,” adding that the approach supports higher average selling prices for used devices.
During the question-and-answer session, Demmings also described a broader device scope for carrier take-back programs, now accepting such items as wearables, cases, cables and screen protectors.
Assurant completed four small acquisitions during 2025, including RL Circular Operations, a reverse logistics division of TIC Group in Australia and New Zealand, which the company said will support expanded AI-based capabilities across regions.
