Assurant (AIZ - Free Report) reported $2.75 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 6.4%. EPS of $3.89 for the same period compares to $2.95 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.64 billion, representing a surprise of +4.30%. The company delivered an EPS surprise of +49.62%, with the consensus EPS estimate being $2.60.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Assurant performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net investment income: $112.90 million compared to the $109.52 million average estimate based on four analysts. The reported number represents a change of +22.7% year over year.
- Fees and other income: $295.70 million compared to the $304.77 million average estimate based on four analysts. The reported number represents a change of -9.1% year over year.
- Net earned premiums, fees and other income: $2.64 billion versus $2.22 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.8% change.
- Total revenues- Global Housing: $561.80 million compared to the $512.48 million average estimate based on three analysts. The reported number represents a change of +9.2% year over year.
- Total revenues- Global Lifestyle: $2.19 billion versus $2.11 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.9% change.
- Total revenues- Corporate & Other: $3.80 million compared to the $5.91 million average estimate based on three analysts. The reported number represents a change of -44.9% year over year.
- Net investment income- Global Housing: $25.20 million compared to the $19.78 million average estimate based on two analysts. The reported number represents a change of +32.6% year over year.
- Fees and other income- Global Lifestyle: $268.60 million versus $288.55 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -7.2% change.
- Net investment income- Global Lifestyle: $80.90 million versus the two-analyst average estimate of $82.26 million. The reported number represents a year-over-year change of +25%.
- Global Housing- Net earned premiums, fees and other income: $536.60 million versus the two-analyst average estimate of $490.33 million.
- Net earned premiums- Global Housing: $504.50 million versus the two-analyst average estimate of $459.31 million. The reported number represents a year-over-year change of +9.7%.
- Net investment income- Corporate & Other: $3.80 million versus the two-analyst average estimate of $6.55 million. The reported number represents a year-over-year change of -44.1%.
View all Key Company Metrics for Assurant here>>>Shares of Assurant have returned +6.9% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Assurant (AIZ - Free Report) reported $2.75 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 6.4%. EPS of $3.89 for the same period compares to $2.95 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.64 billion, representing a surprise of +4.30%. The company delivered an EPS surprise of +49.62%, with the consensus EPS estimate being $2.60.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Assurant performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net investment income: $112.90 million compared to the $109.52 million average estimate based on four analysts. The reported number represents a change of +22.7% year over year.
- Fees and other income: $295.70 million compared to the $304.77 million average estimate based on four analysts. The reported number represents a change of -9.1% year over year.
- Net earned premiums, fees and other income: $2.64 billion versus $2.22 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5.8% change.
- Total revenues- Global Housing: $561.80 million compared to the $512.48 million average estimate based on three analysts. The reported number represents a change of +9.2% year over year.
- Total revenues- Global Lifestyle: $2.19 billion versus $2.11 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.9% change.
- Total revenues- Corporate & Other: $3.80 million compared to the $5.91 million average estimate based on three analysts. The reported number represents a change of -44.9% year over year.
- Net investment income- Global Housing: $25.20 million compared to the $19.78 million average estimate based on two analysts. The reported number represents a change of +32.6% year over year.
- Fees and other income- Global Lifestyle: $268.60 million versus $288.55 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -7.2% change.
- Net investment income- Global Lifestyle: $80.90 million versus the two-analyst average estimate of $82.26 million. The reported number represents a year-over-year change of +25%.
- Global Housing- Net earned premiums, fees and other income: $536.60 million versus the two-analyst average estimate of $490.33 million.
- Net earned premiums- Global Housing: $504.50 million versus the two-analyst average estimate of $459.31 million. The reported number represents a year-over-year change of +9.7%.
- Net investment income- Corporate & Other: $3.80 million versus the two-analyst average estimate of $6.55 million. The reported number represents a year-over-year change of -44.1%.
View all Key Company Metrics for Assurant here>>>Shares of Assurant have returned +6.9% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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