Assurant, Inc., based in Atlanta, Georgia, is gearing up to announce its fourth-quarter earnings on February 10, 2025, after market close. The company, which specializes in risk protection solutions, is expected to report earnings of $5.26 per share, reflecting a robust 9.8% increase from last year’s $4.79 per share. This optimism stems from Assurant’s consistent performance, having surpassed earnings per share (EPS) estimates in each of the past four quarters.
Founded in 1892, Assurant has evolved into a significant player in the global market, with a focus on homes, vehicles, and connected devices. The company’s market capitalization stands at approximately $11.8 billion. Assurant operates across North America, Latin America, Europe, and Asia-Pacific, offering diverse services through its Global Lifestyle and Global Housing segments. These services encompass mobile devices, consumer electronics, appliances, auto-related services, and various insurance products.
Analysts Maintain Positive Outlook
Looking ahead, analysts project Assurant’s EPS to rise by 17.1% for fiscal 2025, increasing from $16.64 in fiscal 2024 to $19.48. Predictions indicate continued growth, with EPS expected to reach $21.16 in fiscal 2026, marking an additional 8.6% increase year-over-year.
Despite a mixed stock performance over the past year, Assurant remains an attractive investment option. The stock has risen 10.5% over the past 52 weeks, but this is notably lower than the S&P 500 Index’s 16.9% increase. However, it has outperformed the Invesco KBW Property & Casualty Insurance ETF, which saw a 5% rise during the same period.
Recent earnings reports illustrate why investors maintain interest in Assurant. Following the release of its third-quarter earnings in early November, the stock experienced a 1.7% increase in the following session. The results showcased balanced growth, driven by higher premiums, stronger investment income, and increased fee-based revenues. Total revenue for the quarter climbed nearly 9% year-over-year to $3.2 billion, exceeding expectations and highlighting Assurant’s consistent progress.
Analyst Ratings and Price Targets
Analysts generally express a cautiously optimistic view of Assurant’s stock, assigning it an overall rating of “Moderate Buy.” Among the nine analysts covering the stock, five recommend a “Strong Buy,” one suggests a “Moderate Buy,” and three advise a “Hold.” Assurant’s average analyst price target of $257.83 indicates a potential upside of 10.2% from current levels. The highest target of $270 suggests that the stock could rise by as much as 15.4%.
As the earnings report approaches, all eyes will be on Assurant to see if it can meet or exceed the positive expectations set by analysts and investors alike.
