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Compared to Estimates, Assurant (AIZ) Q3 Earnings: A Look at Key Metrics
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Assurant (AIZ - Free Report) reported $2.79 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 8.5%. EPS of $4.29 for the same period compares to $1.01 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.67 billion, representing a surprise of +4.52%. The company delivered an EPS surprise of +72.98%, with the consensus EPS estimate being $2.48.
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: $125.50 million versus the four-analyst average estimate of $110.94 million. The reported number represents a year-over-year change of +50.3%.
Net earned premiums, fees and other income: $2.67 billion versus $2.28 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +7.1% change.
Fees and other income: $310.40 million versus $279.41 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5.4% change.
Net investment income- Global Lifestyle: $86.10 million versus the two-analyst average estimate of $79.73 million. The reported number represents a year-over-year change of +49.2%.
Fees and other income- Global Lifestyle: $277.10 million versus $258.75 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.8% change.
Global Lifestyle- Net earned premiums, fees and other income: $2.11 billion versus $2.04 billion estimated by two analysts on average.
Net earned premiums- Global Housing: $521.90 million compared to the $480.52 million average estimate based on two analysts. The reported number represents a change of +15.6% year over year.
Fees and other income- Global Housing: $33.30 million versus $30.73 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.8% change.
Net investment income- Global Housing: $29.60 million versus $22.78 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +63.5% change.
Global Housing- Net earned premiums, fees and other income: $555.20 million versus the two-analyst average estimate of $511.25 million.
Total revenues- Corporate & Other: $7.40 million versus $6.15 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +29.8% change.
Global Lifestyle- Net earned premiums: $1.83 billion versus $1.78 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -8.1% change.
Shares of Assurant have returned +1.4% over the past month versus the Zacks S&P 500 composite's -2.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Assurant (AIZ) Q3 Earnings: A Look at Key Metrics
Assurant (AIZ - Free Report) reported $2.79 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 8.5%. EPS of $4.29 for the same period compares to $1.01 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.67 billion, representing a surprise of +4.52%. The company delivered an EPS surprise of +72.98%, with the consensus EPS estimate being $2.48.
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: $125.50 million versus the four-analyst average estimate of $110.94 million. The reported number represents a year-over-year change of +50.3%.
- Net earned premiums, fees and other income: $2.67 billion versus $2.28 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +7.1% change.
- Fees and other income: $310.40 million versus $279.41 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +5.4% change.
- Net investment income- Global Lifestyle: $86.10 million versus the two-analyst average estimate of $79.73 million. The reported number represents a year-over-year change of +49.2%.
- Fees and other income- Global Lifestyle: $277.10 million versus $258.75 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +5.8% change.
- Global Lifestyle- Net earned premiums, fees and other income: $2.11 billion versus $2.04 billion estimated by two analysts on average.
- Net earned premiums- Global Housing: $521.90 million compared to the $480.52 million average estimate based on two analysts. The reported number represents a change of +15.6% year over year.
- Fees and other income- Global Housing: $33.30 million versus $30.73 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +1.8% change.
- Net investment income- Global Housing: $29.60 million versus $22.78 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +63.5% change.
- Global Housing- Net earned premiums, fees and other income: $555.20 million versus the two-analyst average estimate of $511.25 million.
- Total revenues- Corporate & Other: $7.40 million versus $6.15 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +29.8% change.
- Global Lifestyle- Net earned premiums: $1.83 billion versus $1.78 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -8.1% change.
View all Key Company Metrics for Assurant here>>>Shares of Assurant have returned +1.4% over the past month versus the Zacks S&P 500 composite's -2.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.