EAST WINDSOR, N.J., July 23, 2024 /PRNewswire/ -- HEVI Corp. ("HEVI" or the "Company"), a manufacturer of all-electric heavy equipment, today announced it is partnering with Assurant, Inc. (NYSE: AIZ), a leading global business services company that supports, protects, and connects major consumer purchases like automobiles, as well as commercial equipment including heavy construction, agriculture and forestry equipment.With more than 30 years of equipment protection expertise, Assurant is a market leader in ...

Assurant, Inc. (AIZ) has been favored by investors on the back of its well-performing Global Lifestyle business, growth of fee-based capital-light businesses, solid capital management, favorable estimates and effective capital deployment.Earnings EstimatesThe Zacks Consensus Estimate for Assurant’s 2024 earnings per share indicates a year-over-year increase of 4.5%. The consensus estimate for revenues is pegged at $11.68 billion, implying a year-over-year improvement of 4.2%.The consensus estimate for 2025 ...

Core Viewpoint - Assurant, Inc. (AIZ) is experiencing growth driven by its Global Lifestyle business, fee-based capital-light businesses, effective capital management, and positive earnings estimates [1] Earnings Estimates - The Zacks Consensus Estimate for Assurant's 2024 earnings per share indicates a year-over-year increase of 4.3% with revenues projected at $11.66 billion, reflecting a 4.1% improvement [2] - For 2025, earnings per share and revenues are expected to increase by 5% and 3.3%, respectively, compared to 2024 estimates [2] - Earnings have improved by 20.2% over the past five years, surpassing the industry average of 8.7% [2] Earnings Surprise History - Assurant has consistently beaten earnings estimates in the last four quarters, with an average surprise of 42.47% [3] Northbound Estimate Revision - The Zacks Consensus Estimate for 2024 and 2025 earnings has increased by nearly 3.2% and 1%, respectively, in the past 30 days, indicating investor optimism [4] Zacks Rank - Assurant currently holds a Zacks Rank 3 (Hold), with shares gaining 32.5% over the past year compared to the industry's growth of 24.7% [5] Style Score - AIZ has a VGM Score of A, indicating attractive value, strong growth, and promising momentum [7] Business Tailwinds - Assurant's focus on fee-based capital-light businesses, which currently account for 52% of segmental revenues, is expected to grow in double digits over the long term [8] - Improved performance in Homeowners and growth in Connected Living and Global Automotive are anticipated to enhance results in Global Lifestyle [9] Capital Management - Assurant has a robust capital management policy, increasing dividends for 19 consecutive years, and repurchased shares worth $40 million in Q1 2024 [10] - The company plans to repurchase shares in the range of $200-$300 million for 2024, with a free cash flow conversion exceeding 100% in recent quarters [10] - The return on equity (ROE) stands at 20.1%, improving by 760 basis points year over year, outperforming the industry average of 14.1% [10]

Core Insights - Zacks Premium offers various tools to help investors make informed decisions, including daily updates on Zacks Rank and Style Scores [1][5] - The Zacks Style Scores categorize stocks based on value, growth, momentum, and a combined VGM Score, aiding investors in selecting stocks with high potential [2][3][4] Zacks Style Scores - Value Score identifies attractive stocks using ratios like P/E and Price/Sales, appealing to value investors [2] - Growth Score focuses on a company's future prospects, analyzing earnings and sales to find sustainable growth stocks [2] - Momentum Score capitalizes on price trends, using recent price changes and earnings estimates to identify high-momentum stocks [3] - VGM Score combines the three Style Scores, helping investors find stocks with the best overall characteristics [4] Zacks Rank and Style Scores Integration - The Zacks Rank uses earnings estimate revisions to simplify portfolio building, with 1 (Strong Buy) stocks achieving an average annual return of +25.41% since 1988 [5] - Stocks with a Zacks Rank of 1 or 2 and Style Scores of A or B are recommended for higher return potential [6] Company Spotlight: Assurant Inc. (AIZ) - Assurant Inc. is a global risk management provider, operating in multiple regions including North America and Europe [7] - AIZ holds a Zacks Rank of 3 (Hold) and a VGM Score of A, with a Value Style Score of B due to a forward P/E ratio of 11 [7] - Recent earnings estimates for AIZ have been revised upward, with the Zacks Consensus Estimate increasing by $0.03 to $16.05 per share, and an average earnings surprise of 42.5% [7][8]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2024 OR ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to Commission file number 001-31978 Assurant, Inc. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation) (I.R.S. Employer ...

Assurant, Inc. (NYSE:AIZ) Q1 2024 Earnings Conference Call May 8, 2024 8:00 AM ET Company Participants Sean Moshier - Vice President of Investor Relations. Keith Demmings - President & Chief Executive Officer Keith Meier - Executive Vice President, Chief Financial Officer Conference Call Participants Mark Hughes - Truist Securities Brian Meredith - UBS Tommy McJoynt - KBW Operator Welcome to Assurant's First Quarter 2024 Conference Call and Webcast. [Operator Instructions] It is now my pleasure to turn the ...

Investor Presentation First Quarter 2024 ...

Assurant, Inc. (AIZ) reported first-quarter 2024 net operating income of $4.78 per share, which beat the Zacks Consensus Estimate by 23.5%. The bottom line surged 73.8% year over year.Quarterly results benefited from higher net earned premiums, fees and other income and net investment income, solid performance in the Global Housing and Global Lifestyle segments. It was partially offset by higher expenses and weakness in the Corporate & Other segment.Total revenues increased 8.9% year over year to $2.8 billi ...

Assurant (AIZ) reported $2.89 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 8.9%. EPS of $4.78 for the same period compares to $2.75 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.82 billion, representing a surprise of +2.62%. The company delivered an EPS surprise of +23.51%, with the consensus EPS estimate being $3.87.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street e ...

Assurant (AIZ) came out with quarterly earnings of $4.78 per share, beating the Zacks Consensus Estimate of $3.87 per share. This compares to earnings of $2.75 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 23.51%. A quarter ago, it was expected that this insurer would post earnings of $3.70 per share when it actually produced earnings of $4.58, delivering a surprise of 23.78%.Over the last four quarters, the company has surp ...