Earnings Preview For Assurant (AIZ)

Assurant AIZ is expected to publish its Q1 earnings results on Wednesday, April 27, after the markets close. Analysts are expecting earnings per share to be $1.22 this year, compared with $1.32 a year ago. In the past 30 days, analysts have downgraded their projections a number of times. One month ago, analysts were predicting $1.30 per share, while seven days ago it was $1.24. Assurant is a New York City-based provider of specialized insurance products and related services in North America and different international markets. The company operates in four segments: Assurant Solutions, Assurant Specialty Property, Assurant Health, and Assurant Employee Benefits. Assurant Solutions targets three product areas: domestic and international extended service contracts and warranties, preneed life insurance, and international credit insurance. Assurant Specialty Property includes lender-placed homeowners' insurance, lender-placed flood insurance, lender-placed automobile and renters insurance. The company offers group disability, dental, vision, life and supplemental worksite products, as well as individual dental products. Assurant is one of the Fortune 500 companies, currently employing 14,000 people. The majority of rating agencies have a Hold rating on Assurant's shares. Analysts are probably worried about predicted lack of growth this year. It is expected Assurant's Q1 earnings per share will be down 7.6% from a year ago. For the year as a whole, earnings per share should be down 2.2%. On the other hand, Assurant's results are still outperforming the rest of industry. The industry's earnings per share is expected to be down 10.5% this year.