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    ASSURANT (AIZ)

    Q4 2023 Earnings Summary

    Reported on Jan 4, 2025 (After Market Close)
    Pre-Earnings Price$175.35Last close (Feb 7, 2024)
    Post-Earnings Price$175.27Open (Feb 8, 2024)
    Price Change
    $-0.08(-0.05%)
    • Substantial fee income growth in Global Lifestyle segment, driven by higher trade-in volumes and new programs with major OEMs, indicating strong performance and successful expansion.
    • Effective management in Auto business with significant rate adjustments leading to expected improvement in 2024 and beyond, demonstrating proactive measures and positive future outlook.
    • Significant expense reductions in Global Housing segment, reducing expense ratio by 6 points from 46% to 40%, and attracting major clients like Bank of America, enhancing profitability and market position.

    Research analysts covering ASSURANT.