Assurant (AIZ) Reports Q3 Earnings: What Key Metrics Have to Say

Assurant (AIZ) reported $2.99 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 6.9%. EPS of $3.00 for the same period compares to $4.29 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.91 billion, representing a surprise of +2.59%. The company delivered an EPS surprise of +20.00%, with the consensus EPS estimate being $2.50.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Assurant performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Fees and other income: $439.10 million compared to the $379.02 million average estimate based on four analysts. The reported number represents a change of +41.5% year over year. Net earned premiums, fees and other income: $2.86 billion compared to the $2.40 billion average estimate based on four analysts. The reported number represents a change of +7.1% year over year. Net investment income: $129.70 million versus the four-analyst average estimate of $127.22 million. The reported number represents a year-over-year change of +3.4%. Total revenues- Global Housing: $635.50 million compared to the $621.34 million average estimate based on three analysts. The reported number represents a change of +8.7% year over year. Total revenues- Corporate & Other: $7.90 million compared to the $7.70 million average estimate based on three analysts. The reported number represents a change of +6.8% year over year. Total revenues- Global Lifestyle: $2.34 billion versus $2.28 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +6.7% change. Net investment income- Global Housing: $31.70 million compared to the $30.56 million average estimate based on two analysts. The reported number represents a change of +7.1% year over year. Global Housing- Net earned premiums, fees and other income: $603.80 million versus the two-analyst average estimate of $584.55 million. The reported number represents a year-over-year change of +8.8%. Fees and other income- Corporate & Other: $0.10 million versus $0.10 million estimated by two analysts on average. Net investment income- Corporate & Other: $7.80 million versus $7.80 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.9% change. Net earned premiums- Global Housing: $557 million versus $534.51 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.7% change. Global Lifestyle- Net earned premiums, fees and other income: $2.25 billion versus $2.19 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.8% change. View all Key Company Metrics for Assurant here>>>Shares of Assurant have returned +2.5% over the past month versus the Zacks S&P 500 composite's -0.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Assurant, Inc. (AIZ): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks