Assurant (AIZ) Tops Q4 EPS by 118c; offers outlook

Assurant (NYSE: AIZ) reported Q4 EPS of $4.90, $1.18 better than the analyst estimate of $3.72. Revenue for the quarter came in at $2.98 billion versus the consensus estimate of $2.8 billion.

2024 OUTLOOK

The company expects:

Adjusted EBITDA, excluding reportable catastrophes6, to increase mid-single-digits, driven by both Global Lifestyle and Global Housing, at similar growth rates
Adjusted earnings, excluding reportable catastrophes, per diluted share6, growth rate to be modestly lower than the growth rate in Adjusted EBITDA, excluding reportable catastrophes, primarily reflecting an increase in depreciation expense from strategic technology investments.

For earnings history and earnings-related data on Assurant (AIZ) click here.

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