Assurant Grew Revenue 8.9% Last Quarter, Eyes $3.30B Next Quarter
Assurant posted $3.23 billion in revenue last quarter, up 8.9% year-on-year and 1.5% above analysts’ forecasts, while EPS and net premiums also exceeded estimates. For the upcoming quarter, analysts expect revenue to rise 6.4% to $3.30 billion and adjusted earnings of $5.50 per share.
1. Last Quarter Performance
In the most recent quarter, Assurant generated $3.23 billion in revenue, marking an 8.9% year-on-year increase and beating consensus estimates by 1.5%. The company also surpassed net premiums earned and EPS forecasts, continuing its two-year run of quarterly outperformance.
2. Q4 Expectations
Analysts anticipate Assurant’s upcoming quarter will deliver 6.4% revenue growth to $3.30 billion, up from 4.1% year-over-year growth in the same period last year. Adjusted earnings are projected at $5.50 per share, reflecting confidence in underlying insurance operations.
3. Peer Benchmarking
Within the property & casualty segment, Stewart Information Services reported 19.6% revenue growth and a 2.5% beat, while Allstate posted 3.4% revenue gains and exceeded expectations by 3.5%. These results provide a comparative backdrop for assessing Assurant’s upcoming performance.
4. Stock Outlook
Assurant shares have risen 2.1% over the past month ahead of earnings, with analysts maintaining an average price target of $259.33 versus a current share price of $243.43. The company’s historical average revenue beat is 1.6% over the last eight quarters.