Investors looking for stocks in the Insurance - Multi line sector might want to consider either Assurant (AIZ) or Oscar Health, Inc. (OSCR) . But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank emphasizes companies with positiv ...

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 June 30, 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. (AIZ) reported second-quarter 2024 net operating income of $4.08 per share, which beat the Zacks Consensus Estimate by nearly 14%. The bottom line rose 4.9% year over year. Quarterly results benefited from higher net earned premiums, fees and other income and net investment income, and solid performance in the Global Lifestyle segment. These were partially offset by higher expenses and weakness in the Corporate & Other segment.Total revenues increased 7% year over year to $2.9 billion, driven ...

Financial Data and Key Metrics Changes - For the first half of 2024, adjusted EBITDA increased by 20% year-to-date, and adjusted EPS grew by 29%, excluding reportable catastrophes [5][14] - In Q2 2024, adjusted EBITDA grew by 10% to $369 million, and adjusted earnings per share increased by 17% to $4.77, both excluding reportable catastrophes [19][20] Business Line Data and Key Metrics Changes - In Global Lifestyle, first half 2024 adjusted EBITDA was $397 million, consistent with the first half of 2023 [6] - Connected Living's adjusted EBITDA increased by 6% or 8% on a constant currency basis, with year-to-date growth of 14% on a constant currency basis when excluding first half investments of approximately $13 million [6][14] - Global Automotive's earnings were pressured by ongoing inflation impacts, with expectations of continued elevated loss experience within ancillary GAP products [9][10] - Global Housing's earnings increased nearly 45% year-to-date, excluding reportable catastrophes, demonstrating the importance of this business to the overall portfolio [11][12] Market Data and Key Metrics Changes - The lender-placed insurance business in Global Housing has shown growth due to hardening traditional insurance markets in certain states [12] - In the renters' segment, gross written premiums in the Property Management Company channel increased by over 20%, marking eight straight quarters of double-digit growth [13] Company Strategy and Development Direction - The company is focused on specialized markets with growth opportunities and long-term secular tailwinds, contributing to long-term outperformance versus the broader P&C market [15][16] - Investments in customer experience and compliance expertise are seen as critical competitive advantages [12] - The company aims to enhance its risk profile by focusing on capital-efficient businesses within Lifestyle and Housing [15] Management's Comments on Operating Environment and Future Outlook - Management expects full year adjusted EBITDA to grow high-single-digits and adjusted earnings per share to increase low-double-digits, excluding catastrophes [14] - The company anticipates strong growth within Global Housing to lead overall enterprise growth for 2024 [14] - Management expressed confidence in the ability to navigate inflationary pressures and improve performance in the auto segment over time [33][34] Other Important Information - The company published its 2024 Sustainability Report, highlighting progress in advancing its sustainability strategy and initiatives [17] - The company expects Hurricane Beryl to be a reportable catastrophe in Q3, with estimated losses between $30 million to $50 million [28] Q&A Session Summary Question: When will the sustained impact of inflation in Global Auto become less negative? - Management indicated that the first half of the year showed different trends, with expectations for rates to stabilize and improve modestly in the second half of the year [32][34] Question: Can you elaborate on the opportunity in the card benefits business with Chase? - Management highlighted the expansion of the relationship with Chase as a significant opportunity, expecting it to be EBITDA positive entering 2025 [38][39] Question: What is the long-term combined ratio target for Global Housing? - Management stated that a mid-80s combined ratio is the right target, with a focus on maintaining expense management and efficiency [58][59] Question: How much is higher investment income offsetting core weakness in the auto segment? - Management noted that investment income is a significant contributor, with a high-quality portfolio and a duration of about five years [64][66] Question: What gives confidence to increase the outlook for share repurchases despite potential hurricane losses? - Management cited a strong capital position and robust cash flow generation as reasons for confidence in maintaining share repurchase plans [68][69]

Investor Presentation Second Quarter 2024 © 2024 Assurant, Inc. All rights reserved. Company confidential. 1 Keith Demmings President & Chief Executive Officer Keith Meier Executive Vice President & Chief Financial Officer © 2024 Assurant, Inc. All rights reserved. Company confidential. 2 Cautionary Statement business drivers, our ability to gain market share, and the strength, diversity, predictability and resiliency of enterprise and segment earnings, cash flows and other results, may constitute forward-l ...

Assurant (AIZ) reported $2.94 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 7%. EPS of $4.08 for the same period compares to $3.89 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.87 billion, representing a surprise of +2.49%. The company delivered an EPS surprise of +13.97%, with the consensus EPS estimate being $3.58.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expe ...

Assurant (AIZ) came out with quarterly earnings of $4.08 per share, beating the Zacks Consensus Estimate of $3.58 per share. This compares to earnings of $3.89 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 13.97%. A quarter ago, it was expected that this insurer would post earnings of $3.87 per share when it actually produced earnings of $4.78, delivering a surprise of 23.51%.Over the last four quarters, the company has surp ...

Exhibit 99.1 Assurant Reports Second Quarter 2024 Financial Results Strong Second Quarter Earnings and EPS Growth With Continued Strength in Global Housing Company Increases 2024 Outlook to Deliver High Single-Digit Growth in Adjusted EBITDA with Low Double- Digit Adjusted EPS Growth, Both Ex. Catastrophes ATLANTA, August 6, 2024 — Assurant, Inc. (NYSE: AIZ), a leading global business services company that supports, protects and connects major consumer purchases, today reported results for the second quarte ...

Assurant, Inc. (AIZ) is slated to report second-quarter 2024 earnings on Aug 6, after the closing bell. AIZ delivered an earnings surprise in each of the last four quarters, the average beat being 42.47%. Factors to Note The continued strength of the Global Housing segment, as well as growth in Global Lifestyle, is likely to have aided the second-quarter performance of Assurant. Revenues are likely to have benefited from improved net earned premiums and higher net investment income. The Zacks Consensus Esti ...

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 ...