Catastrophes and Financial Impact - Assurant expects to record approximately $50 million pre-tax ($40 million after-tax) of reportable catastrophes for Q4 2024, primarily driven by Hurricane Milton[6] - The recent California wildfires are expected to be a reportable catastrophe for Q1 2025[7] Property Sale and Relocation - Assurant entered into a Purchase and Sale Agreement to sell its Miami, Florida campus for $126 million[5] - The transaction is subject to a 90-day due diligence period and development approvals, which could take 18 to 24 months[5] - Assurant plans to relocate its Miami operations to a new leased site by the end of Q2 2025[5]

Core Viewpoint - Assurant, Inc. (AIZ) is expected to report fourth-quarter 2024 earnings on February 11, with a history of earnings surprises averaging 20.32% over the last four quarters [1] Group 1: Performance Expectations - The Global Housing segment and growth in Global Lifestyle are anticipated to positively impact fourth-quarter performance [2] - Revenues are projected to reach $3.05 billion, reflecting a 1.7% increase from the same quarter last year [2] - Net earned premiums are expected to be $2.4 billion, with fees and other income estimated to rise by 2.7% to $446.2 million [3] Group 2: Investment Income and Segment Performance - Net investment income is forecasted at $142.8 million, benefiting from higher yields and asset balances [4] - The Global Housing segment's revenues are estimated at $607.8 million, indicating a 9.8% growth year-over-year [5] - Global Lifestyle revenues are expected to be $2.3 billion, driven by mobile growth and new trade-in programs [6] Group 3: Expense and Earnings Outlook - Total expenses are projected to be $2.6 billion, influenced by increased underwriting and administrative costs [7] - The consensus estimate for fourth-quarter earnings is $3.96 per share, representing a 13.5% decline from the previous year [7] Group 4: Earnings Prediction Model - The earnings prediction model indicates a likelihood of an earnings beat for Assurant, supported by a positive Earnings ESP of +9.37% and a Zacks Rank of 2 (Buy) [8][9]

The upcoming report from Assurant (AIZ) is expected to reveal quarterly earnings of $3.96 per share, indicating a decline of 13.5% compared to the year-ago period. Analysts forecast revenues of $3.05 billion, representing an increase of 1.8% year over year.Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.Before a company announces its earnings, it is essen ...

The market expects Assurant (AIZ) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended December 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on February 11, 2025, might help the stock move higher if these key numbers are ...

Core Insights - The Finance sector's fourth-quarter 2024 earnings are expected to improve by 24.3%, with revenues estimated to rise by 11.2% [1] Group 1: Industry Performance - Fourth-quarter results for the insurance industry are likely to reflect better pricing, exposure growth, accelerated digitalization, and favorable interest rates, although catastrophe losses may have negatively impacted profitability [1][3] - Underwriting results are expected to benefit from improved pricing, increased exposure, solid retention, new business growth, portfolio repositioning, proper segmentation, reinsurance covers, and favorable reserve development [3] - Catastrophe losses, particularly from Hurricane Milton, are estimated at $34 billion, with insured losses between $17 billion and $28 billion, significantly affecting Florida insurers [4] Group 2: Pricing and Premiums - Higher catastrophe losses are driving policy renewal rates and pricing, with the commercial insurance sector seeing a composite rate increase of 2.64% and personal lines composite rate increasing by 4% in Q4 2024 [5] - Increased travel is likely to have raised auto premiums, although the loss ratio may have been affected by higher vehicle repair and medical costs [6] Group 3: Company-Specific Insights - Palomar Holdings (PLMR) is expected to benefit from new business, strong premium retention, and an increase in investment income, despite rising expenses due to higher incurred losses [9] - Assurant Inc. (AIZ) is likely to see performance improvements from its Global Housing and Global Lifestyle segments, with net investment income benefiting from higher yields [12] - Brighthouse Financial Inc. (BHF) is expected to report a 52.1% increase in earnings, driven by improving life insurance sales and a well-diversified investment portfolio [14][15] - Unum Group (UNM) anticipates a 19% increase in earnings, supported by favorable persistency and better sales in its operating segments [16][17]

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Assurant (AIZ) . This company, which is in the Zacks Insurance - Multi line industry, shows potential for another earnings beat.This insurer has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 16.98%.For the most recent qu ...

Assurant, Inc.’s (AIZ) shares have rallied 34% in the year-to-date period compared with the industry's growth of 26%. The Finance sector and the Zacks S&P 500 index have returned 24.6% and 26.7% in the said time frame, respectively. With a market capitalization of $11.58 billion, the average volume of shares traded in the last three months was 0.3 million. Currently priced at $ 225.73, the stock is slightly below its 52-week high of $230.55.AIZ Outperforms Industry, Sector, S&PImage Source: Zacks Investment ...

The author has an honours degree in economics and politics with a focus on economic development. With 36 years of experience in executive management he has extensive knowledge of insurance/reinsurance, Global and Asia Pacific markets, climate change and ESG. He invests in his personal capacity.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and ...

The post-election Wall Street rally has come to a halt as investors reassess the economy’s health and gauge the Federal Reserve’s pace of future rate cuts. The uncertainty has seen markets turn volatile over the past week, with all three major indexes retreating from their new record highs.Given this situation, cautious investors looking for a steady income and safeguarding their capital may look to hold or buy dividend-paying stocks. Four such stocks are Churchill Downs Incorporated (CHDN) , La-Z-Boy Incor ...

Assurant, Inc.’s (AIZ) board of directors recently approved an 11% hike in cash dividend to 80 cents, up from 72 cents paid earlier. As of the close of business on Dec. 30, 2024, shareholders will receive the quarterly dividend on Dec. 9.AIZ’s distribution of wealth to shareholders via dividend hikes is impressive. The recent hike marks the insurer increasing dividends for straight 20 quarters and currently yielding 1.5%. This move to distribute wealth to its shareholders bears testimony to AIZ’s solid capi ...