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Market Overview

Assurant: Q3 Earnings Insights

Share:

Shares of Assurant (NYSE:AIZ) were unchanged in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share fell 16.57% year over year to $1.41, which missed the estimate of $1.66.

Revenue of $2,503,000,000 higher by 0.16% year over year, which beat the estimate of $2,440,000,000.

Outlook

Assurant hasn't issued any earnings guidance for the time being.

Assurant hasn't issued any revenue guidance for the time being.

Price Action

52-week high: $142.61

Company's 52-week low was at $76.27

Price action over last quarter: Up 6.23%

Company Description

Assurant Inc offers a range of property-casualty, health, employee benefit, and warranty insurance to a client base made up of individuals and institutions. The company has four reportable segments namely Global Housing, Global Lifestyle, Global Preneed and Total Corporate and Other. Global Housing segment provides lender-placed homeowners, manufactured housing, flood insurance, and other related products, Global Lifestyle provides mobile device protection and related services, Global Preneed is engaged in providing pre-funded funeral insurance and annuity products whereas Total Corporate and others includes activities related to holding company primarily related to the company's frozen benefit plans. It generates a majority of its revenue from the Global Lifestyle Segment.

 

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Posted-In: Earnings