Assurant, Inc., headquartered in Atlanta, Georgia, is poised to release its fourth-quarter earnings report on February 10, 2025, following the market’s closure. Analysts project earnings per share (EPS) of $5.26, signifying a 9.8% increase from the $4.79 reported in the same quarter last year. This optimism stems from Assurant’s consistent performance, as the company has exceeded EPS estimates in the past four quarters.
With a market capitalization of approximately $11.8 billion, Assurant operates globally in regions including North America, Latin America, Europe, and Asia-Pacific. The company focuses on various aspects of everyday life protection, encompassing homes, vehicles, and connected devices. Its Global Lifestyle segment offers support for mobile devices, consumer electronics, appliances, and auto-related services, while the Global Housing segment provides insurance for homeowners, renters, and manufactured housing.
Analysts are particularly bullish about the company’s fiscal performance for 2025, anticipating a 17.1% increase in EPS from $16.64 in fiscal 2024 to $19.48. Projections indicate a further rise of 8.6% year over year to $21.16 in fiscal 2026. Despite the positive outlook, Assurant’s stock performance over the past year has been mixed. The stock has risen 10.5% over the past 52 weeks, underperforming the S&P 500 Index’s 16.9% gain but surpassing the 5% increase of the Invesco KBW Property & Casualty Insurance ETF.
Investors have shown sustained interest in Assurant, particularly following the release of strong third-quarter earnings in early November. The positive results prompted a 1.7% increase in stock price during the subsequent trading session. The company reported a 9% year-over-year growth in total revenue, reaching $3.2 billion, which exceeded expectations. This growth was attributed to rising premiums, enhanced investment income, and increased fee-based revenues.
Market Sentiment and Analyst Ratings
The overall sentiment among analysts remains cautiously optimistic, as they have assigned a “Moderate Buy” rating to Assurant’s stock. Among the nine analysts covering the stock, five recommend a “Strong Buy,” one suggests a “Moderate Buy,” and three advise a “Hold.” The average analyst price target stands at $257.83, indicating a potential upside of 10.2% from current levels. The highest target of $270 suggests that the stock could rally by as much as 15.4%.
As Assurant prepares to announce its earnings, all eyes will be on the company’s ability to maintain its upward trajectory in both revenue and earnings, which continues to build investor confidence and interest in its long-term growth prospects.
