Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Assurant (AIZ)
NYSE:AIZ
Holding AIZ?
Track your performance easily
Earnings Data
Report Date
Feb 11, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$3.43Last Year’s EPS
$4.58Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Nov 05, 2024
|% Change Since: 10.33%
|Next Earnings Date:Feb 11, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a generally positive outlook with robust financial performance in key areas such as Global Housing and Connected Living. Despite some challenges in the Global Automotive segment and impacts from unfavorable foreign exchange, the company's strategic investments and strong partnerships indicate a resilient growth trajectory.Company Guidance
During Assurant's third quarter 2024 earnings call, the company provided robust guidance, highlighting key financial metrics and strategic outlook. Adjusted EBITDA increased by 15% and adjusted EPS grew by 21% year-to-date, excluding catastrophes, driven by strong performance in Global Housing and underlying growth in Connected Living. Assurant revised its expectations upwards, now anticipating low double-digit growth in adjusted EBITDA and mid- to high teens increase in adjusted EPS for the full year, again excluding catastrophes. Notably, Global Housing demonstrated a 34% earnings increase over the first nine months, bolstered by a 12 basis point rise in placement rates to 1.92%. The company is also making significant investments in innovation, such as a new device care center in Nashville, and anticipates a strong 2025 with continued growth in Connected Living and Global Auto, despite some short-term elevated claims costs. Assurant's strategic focus remains on capital-efficient businesses within Lifestyle and Housing, supported by strong B2B2C partnerships, driving long-term performance and cash generation.Strong Year-to-Date Performance
Adjusted EBITDA increased by 15% and adjusted EPS grew by 21% year-to-date, excluding catastrophes. This was led by outperformance in Global Housing and growth in Connected Living.
Global Housing Growth
Earnings increased 34% year-to-date, excluding reportable catastrophes, driven by policy growth and increased placement rates. Placement rates increased to 1.92%, a 12 basis point improvement since year-end.
Connected Living Investments
Year-to-date adjusted EBITDA increased by 3% or 5% on a constant currency basis. Excluding $21 million in investments, growth was 11% on a constant currency basis.
Successful New Partnerships
Launched new program with Chase Card Services and developed new innovation and device care center in Nashville.
Future Outlook
Expect full year adjusted EBITDA to grow in low double digits and adjusted EPS to increase mid- to high teens, excluding catastrophes.
---
AIZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
AIZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 05, 2024 | $192.40 | $205.63 | +6.88% |
| Aug 06, 2024 | $168.94 | $168.96 | +0.01% |
| May 07, 2024 | $176.55 | $174.54 | -1.14% |
| Feb 06, 2024 | $166.97 | $173.36 | +3.83% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Assurant (AIZ) report earnings?
Assurant (AIZ) is schdueled to report earning on Feb 11, 2025, TBA Not Confirmed.
What is Assurant (AIZ) earnings time?
Assurant (AIZ) earnings time is at Feb 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is AIZ EPS forecast?
AIZ EPS forecast for the fiscal quarter 2024 (Q4) is $3.43.
---