Assurant (AIZ) Q4 Earnings and Revenues Surpass Estimates

Company Performance - Assurant reported quarterly earnings of $4.58 per share, exceeding the Zacks Consensus Estimate of $3.70 per share, and up from $3.23 per share a year ago, representing an earnings surprise of 23.78% [1] - The company achieved revenues of $3 billion for the quarter ended December 2023, surpassing the Zacks Consensus Estimate by 7.92%, compared to $2.67 billion in the same quarter last year [1] - Over the last four quarters, Assurant has consistently surpassed consensus EPS and revenue estimates [1] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $3.83 on revenues of $2.77 billion, and for the current fiscal year, it is $15.12 on revenues of $11.39 billion [4] - The estimate revisions trend for Assurant is currently favorable, leading to a Zacks Rank 2 (Buy), indicating expected outperformance in the near future [4] Industry Context - The Insurance - Multi line industry, to which Assurant belongs, is currently ranked in the top 42% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [5] - Another company in the same industry, Radian, is expected to report quarterly earnings of $0.83 per share, reflecting a year-over-year decline of 21%, with revenues projected at $296.1 million, up 1.3% from the previous year [5][6]