Here's What to Expect from Assurant's Next Earnings Report

Aditya Sarawgi Barchart Mon Jan 13, 1:16AM CST
Assurant Inc logo and data- by Piotr Swat via Shutterstock

Atlanta, Georgia-based based Assurant, Inc. (AIZ) is a global provider of risk management solutions in the housing and lifestyle markets, protecting where people live and the goods they buy. With a market cap of over $10.2 billion, Assurant’s operations span the Americas, Indo-Pacific, and Europe. It is expected to release its fourth-quarter earnings on Tuesday, Feb. 4.

Ahead of the event, analysts expect Assurant to report a profit of $3.51 per share, down 23.4% from $4.58 per share reported in the year-ago quarter. However, the company has consistently surpassed Wall Street’s bottom-line projections in each of the past four quarters. While its adjusted EPS for the last reported quarter declined 30.1% year-over-year to $3.00, it surpassed the consensus estimates by 20%.

For the full fiscal 2024, analysts expect AIZ to deliver an adjusted EPS of $15.38, marginally down from $15.49 in fiscal 2023. While in fiscal 2025, its earnings are expected to surge 16.7% year-over-year to $17.95 per share.

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AIZ stock has surged 21.8% over the past 52 weeks, matching the S&P 500 Index’s ($SPX) 21.8% gains but underperforming the Financial Select Sector SPDR Fund’s (XLF) 25.2% returns during the same time frame.

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Assurant’s stock prices soared 6.9% in the trading session after the release of its better-than-expected Q3 earnings on Nov. 5. The company reported a 7% year-over-year growth in total revenues to approximately $3 billion, exceeding Wall Street’s topline expectation along with a massive positive earnings surprise which boosted investor confidence.

However, due to a massive 20.5% increase in policyholder benefits compared to the year-ago quarter to $776.8 million and a notable 7.4% rise in underwriting, selling, general and admin expenses to over $2 billion, its profitability took a sharp hit. The surge in these expenses led to a massive 29.6% decline in net income to $133.8 million.

Nevertheless, the consensus opinion on AIZ stock is moderately bullish, with an overall “Moderate Buy” rating. Out of the seven analysts covering the stock, three recommend “Strong Buy” and four suggest a “Hold” rating. Its mean price target of $233.20 indicates a 17.2% upside potential from current price levels.


On the date of publication, Aditya Sarawgi did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.