Is a Beat in the Cards for Assurant This Earnings Season?

Assurant, Inc. AIZ is slated to report fourth-quarter 2024 earnings on Feb. 11, after the closing bell. AIZ delivered an earnings surprise in each of the last four quarters, the average beat being 20.32%.See the Zacks Earnings Calendar to stay ahead of market-making news.Factors to NoteSolid performance at the Global Housing segment, as well as growth in Global Lifestyle, is likely to have aided the fourth-quarter performance of Assurant.Revenues are likely to have benefited from improved net earned premiums and higher net investment income. The Zacks Consensus Estimate for fourth-quarter revenues is pegged at $3.05 billion, suggesting growth of 1.7% from the year-ago quarter’s level. Net earned premiums are expected to have benefited from higher premiums in the Global Housing and Global Lifestyle segments.The Zacks Consensus Estimate for fourth-quarter net earned premiums, fees and other income is pegged at $2.5 billion. We expect net earned premiums to be $2.4 billion in the to-be-reported quarter. We expect fees and other income to increase 2.7% to $446.2 million in the fourth quarter.Net investment income is likely to have gained from higher yields and asset balances in fixed maturity securities. The Zacks Consensus Estimate for fourth-quarter net investment income is pegged at $134 million. We expect net investment income to be $142.8 million.Global Housing is expected to have been driven by Homeowners top-line growth, including growth in policies in-force and higher average premiums within lender-placed insurance as well as growth across various specialty products.The non-run rate adjustment is likely to have offset the decrease. The Zacks Consensus Estimate for the segment’s fourth-quarter revenues is pegged at $637 million, suggesting growth of 9.8% from the year-ago quarter’s level. We expect the segment’s revenues to be $607.8 million.Global Lifestyle is likely to have benefited from Connected Living from mobile growth, including contributions from newly launched trade-in programs and global device protection programs. The Zacks Consensus Estimate for the segment’s fourth-quarter revenues is pegged at $2.4 billion. We expect the segment’s revenues to be $2.3 billion.Total benefits, losses and expenses might have escalated because of higher underwriting and selling, general and administrative expenses. We expect total expenses to be $2.6 billion. Continued share buybacks are likely to have aided the bottom line in the to-be-reported quarter.The Zacks Consensus Estimate for fourth-quarter earnings is pegged at $3.96 per share, suggesting a decline of 13.5% from the prior-year quarter’s reported figure.What Our Quantitative Model UnveilsOur proven model predicts an earnings beat for Assurant this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat.Earnings ESP: Assurant has an Earnings ESP of +9.37%. This is because the Most Accurate Estimate of $4.33 is pegged higher than the Zacks Consensus Estimate of $3.96. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Assurant, Inc. Price and EPS Surprise Assurant, Inc. price-eps-surprise | Assurant, Inc. QuoteZacks Rank: AIZ carries a Zacks Rank #2 at present.Other Stocks to ConsiderSome other insurance stocks with the right combination of elements to deliver an earnings beat this time around are:Brighthouse Financial, Inc. BFH has an Earnings ESP of +0.82% and a Zacks Rank #3 at present. The Zacks Consensus Estimate for fourth-quarter 2024 earnings is pegged at $4.44, indicating a year-over-year increase of 52%. You can see the complete list of today’s Zacks #1 Rank stocks here.BFH’s earnings beat estimates in two of the last four reported quarters and missed in the other two.Primerica, Inc. PRI has an Earnings ESP of +0.03% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for fourth-quarter 2024 earnings is pegged at $4.96, indicating an increase of 16.7% from the year-ago reported figure. PRI’s earnings beat estimates in two of the last four reported quarters and missed in the other two.Trupanion, Inc. TRUP has an Earnings ESP of +168.42% and sports a Zacks Rank of 1 at present. The Zacks Consensus Estimate for fourth-quarter 2024 earnings is pegged at 6 cents, indicating an increase of 220% from the year-ago reported figure. TRUP’s earnings beat estimates in each of the last four quartersFree Today: Profiting from The Future’s Brightest Energy SourceThe demand for electricity is growing exponentially. At the same time, we’re working to reduce our dependence on fossil fuels like oil and natural gas. Nuclear energy is an ideal replacement.Leaders from the US and 21 other countries recently committed to TRIPLING the world’s nuclear energy capacities. This aggressive transition could mean tremendous profits for nuclear-related stocks – and investors who get in on the action early enough.Our urgent report, Atomic Opportunity: Nuclear Energy's Comeback, explores the key players and technologies driving this opportunity, including 3 standout stocks poised to benefit the most.Download Atomic Opportunity: Nuclear Energy's Comeback free today.Want 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 Report Primerica, Inc. (PRI): Free Stock Analysis Report Trupanion, Inc. (TRUP): Free Stock Analysis Report Bread Financial Holdings, Inc. (BFH): 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