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Assurant(AIZ) - 2024 Q2 - Quarterly Results
2024-08-06 20:20
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 ...
Here's What to Expect From Assurant (AIZ) in Q2 Earnings
ZACKS· 2024-08-02 14:35
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 ...
Assurant Partners with HEVI to Provide Extended Service Contracts
Prnewswire· 2024-07-23 11:00
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 ...
Reasons Why Investors Should Retain Assurant (AIZ) Stock Now
ZACKS· 2024-06-24 13:55
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 ...
Should You Retain Assurant (AIZ) Stock in Your Portfolio?
zacks.com· 2024-05-22 15:26
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]
Here's Why Assurant (AIZ) is a Strong Value Stock
Zacks Investment Research· 2024-05-13 14:46
Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.Zacks Premium also includes the Zacks Style Scores.What are the Zacks Style Scores?The Zacks Style ...
Assurant(AIZ) - 2024 Q1 - Quarterly Report
2024-05-09 20:20
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(AIZ) - 2024 Q1 - Earnings Call Transcript
2024-05-08 15:36
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 ...
Assurant(AIZ) - 2024 Q1 - Earnings Call Presentation
2024-05-08 14:24
Investor Presentation First Quarter 2024 ...
Assurant (AIZ) Q1 Earnings & Revenues Beat Estimates, Rise Y/Y
Zacks Investment Research· 2024-05-08 13:16
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 ...