Assurant Reports Fourth Quarter and Full-Year 2019 Financial Results
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Assurant (AIZ) Misses Q4 EPS by 41c, Revenues Beat
February 11, 2020 4:21 PM ESTAssurant (NYSE: AIZ) reported Q4 EPS of $1.98, $0.41 worse than the analyst estimate of $2.39. Revenue for the quarter came in at $2.61 billion versus the consensus estimate of $2.54 billion.
Key Highlights for Full-Year 2019
Net income of $363.9 million, or $5.84 per share, up 54 percent and 47 percent, respectivelyNet operating income1 of $533.0 million, or $574.0 million excluding reportable catastrophes2, up 54 percent and 11 percent, respectivelyNet operating income per diluted share3 of $8.55, or $9.21 excluding reportable catastrophes4, up 47 percent and 6 percent, respectively$426 million returned to shareholders in share repurchases and common dividendsNote: References to net income... More