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Assurant Non-GAAP EPS of $3.89 beats by $1.14, revenue of $2.73B beats by $80M

Aug. 01, 2023 4:25 PM ETAssurant, Inc. (AIZ) StockBy: Mary Christine Joy, SA News Editor
  • Assurant press release (NYSE:AIZ): Q2 Non-GAAP EPS of $3.89 beats by $1.14.
  • Revenue of $2.73B (+8.8% Y/Y) beats by $80M.
  • 2023 Outlook

    The company now expects:

    • Adjusted EBITDA, excluding reportable catastrophes6, to increase high single-digits, driven by significant growth in Global Housing, partially offset by a modest decline in Global Lifestyle.
    • Adjusted earnings, excluding reportable catastrophes, per diluted share6, growth rate to approximate Adjusted EBITDA, excluding reportable catastrophes, as an increase in earnings and the impact of share repurchases are partially offset by increased depreciation expense and a higher effective tax rate.

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