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Here's What to Expect From Assurant in Q2 Earnings

Assurant, Inc. (NYSE: AIZ) is slated to report second-quarter 2024 earnings on Aug 6, after the closing bell. AIZ delivered an earnings surprise in each of the last four quarters, the average beat being 42.47%. Factors to Note The continued strength of the Global Housing segment, as well as growth in Global Lifestyle, is likely to have aided the second-quarter performance of Assurant. Revenues are likely to have benefited from improved net earned premiums and higher net investment income. The Zacks Consensus Estimate for second-quarter revenues is pegged at $2.87 billion, suggesting growth of 4.4% from the year-ago quarter's level. Net earned premiums are expected to have benefited from higher premiums in the Global Housing and Global Lifestyle segments. The Zacks Consensus Estimate for second-quarter net earned premiums, fees and other income is pegged at $2.4 billion. We expect net earned premiums to increase 0.8% to $2.4 billion in the to-be-reported quarter. We expect fees and other income to increase 26.3% to $373.5 million in the second quarter. Net investment income is likely to have gained from higher yields and assets in fixed maturity securities, cash and cash equivalents and short-term investments. The Zacks Consensus Estimate for second-quarter net investment income is pegged at $127.2 million, suggesting an improvement of 12.7% from the year-ago reported number. We expect net investment income to increase 13.3% to $127.9 million. Global Housing is expected to have ...