NYSE$AIZ
Assurant Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
Assurant's Q2 2020 financial results demonstrated business resilience and stability, driven by Global Lifestyle and favorable non-catastrophe loss experience. The company reinstated and raised its 2020 outlook, expecting 12 to 16 percent growth in net operating income per share, excluding catastrophe losses.
Assurant reported strong second-quarter results, demonstrating business resilience and stability. Net income increased by 24 percent, and net operating income, excluding reportable catastrophes, rose by 24 percent. The company reinstated and raised its 2020 outlook, expecting 12 to 16 percent growth in net operating income per share, excluding catastrophe losses.
- Net income of $173.5 million, or $2.81 per share, up 24 percent and 27 percent, respectively
- Net operating income of $169.3 million, or $179.3 million, excluding reportable catastrophes, up 15 percent and 24 percent, respectively
- Net operating income per diluted share of $2.75, or $2.90, excluding reportable catastrophes, up 18 percent and 27 percent, respectively
- $357 million of holding company liquidity available at quarter end
Headline financials
Revenue & EPS history
Assurant · Revenue · Quarterly
$2.47B
Revenue by segment
Assurant · $2.26B total across 2 segments · Q2 2020
- Global Lifestyle$1.77B—78.3%
- Global Housing$489M—21.7%
Forward guidance
The company expects Assurant net operating income per diluted share, excluding catastrophe losses, to increase 12 percent to 16 percent from $9.21 in 2019.
Tailwinds
- Driven primarily by profitable growth
- Ongoing expense discipline
- Growth in Connected Living
- Improved results in specialty and other
- Growth in multifamily
Headwinds
- Material change to consumer behavior
- Access to distribution channels
- Impact to financial markets from a resurgence of COVID-19 cases
- Continued declines in legacy Global Financial Services and investments to support growth
- Loss of loans from a financially insolvent client and lower real estate owned volumes in lender-placed
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
+0.8%
Avg return
Earnings day
+1.7%
Avg return
5 days after
+2.1%
Avg return
30 days after
50%
36 / 72 earnings
Positive
+14.0%
Q2 2020
Best reaction
-13.1%
Q4 2015
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -0.9% | +1.2% | +8.5% | |
| Q4 2025 | -8.6% | -8.0% | -7.6% | |
| Q3 2025 | +1.7% | +5.4% | +3.9% | |
| Q2 2025 | +11.3% | +8.9% | +11.8% | |
| Q1 2025 | -0.4% | +2.1% | +2.9% | |
| Q4 2024 | -2.6% | -4.6% | -0.8% | |
| Q3 2024 | +7.9% | +9.5% | +17.9% | |
| Q1 2024 | -2.2% | -2.2% | -4.4% | |
| Q4 2023 | +4.1% | +3.6% | +6.2% | |
| Q3 2023 | +13.7% | +11.7% | +14.7% | |
| Q2 2023 | +6.1% | +5.4% | +3.6% | |
| Q1 2023 | +7.3% | +6.4% | -1.7% | |
| Q4 2022 | -1.3% | +0.2% | -10.0% | |
| Q3 2022 | -3.6% | -10.8% | -5.8% | |
| Q2 2022 | -11.7% | -11.1% | -8.4% | |
| Q1 2022 | +3.3% | +4.3% | -0.5% | |
| Q4 2021 | +9.0% | +6.0% | +10.9% | |
| Q3 2021 | +2.5% | +0.7% | -5.3% | |
| Q2 2021 | -1.0% | +1.8% | +8.5% | |
| Q1 2021 | +1.0% | +1.9% | +2.8% | |
| Q4 2020 | -5.2% | +1.9% | +8.6% | |
| Q3 2020 | +1.6% | +2.2% | +5.8% | |
| Q2 2020 | +14.0% | +13.9% | +13.7% | |
| Q1 2020 | -2.1% | -1.2% | +10.4% | |
| Q4 2019 | -0.3% | +3.9% | -29.5% | |
| Q3 2019 | +0.7% | +2.7% | +3.0% | |
| Q2 2019 | +9.0% | +10.8% | +14.5% | |
| Q1 2019 | +1.7% | +2.8% | +10.0% | |
| Q4 2018 | +0.4% | +0.7% | +0.7% | |
| Q3 2018 | +5.6% | +8.1% | -4.9% | |
| Q2 2018 | +1.6% | +0.2% | -2.5% | |
| Q1 2018 | -1.9% | -3.5% | +4.9% | |
| Q4 2017 | -0.5% | -0.2% | +2.6% | |
| Q3 2017 | -1.0% | -2.1% | -1.4% | |
| Q2 2017 | -1.4% | -0.3% | -10.1% | |
| Q1 2017 | +7.5% | +6.9% | +3.0% | |
| Q4 2016 | -7.1% | -4.6% | +2.6% | |
| Q3 2016 | -1.2% | -3.5% | +4.0% | |
| Q2 2016 | -4.4% | -5.2% | +0.0% | |
| Q1 2016 | +8.0% | — | — | |
| Q4 2015 | -13.1% | — | — | |
| Q3 2015 | -0.8% | — | — | |
| Q2 2015 | +2.0% | — | — | |
| Q1 2015 | +3.3% | — | — | |
| Q4 2014 | -7.3% | — | — | |
| Q3 2014 | +1.4% | — | — | |
| Q2 2014 | +0.0% | — | — | |
| Q1 2014 | +1.2% | — | — | |
| Q4 2013 | -0.7% | — | — | |
| Q3 2013 | -3.6% | — | — | |
| Q2 2013 | -0.8% | — | — | |
| Q1 2013 | -1.4% | — | — | |
| Q4 2012 | -0.5% | — | — | |
| Q3 2012 | -1.6% | — | — | |
| Q2 2012 | +5.2% | — | — | |
| Q1 2012 | -0.4% | — | — | |
| Q4 2011 | -1.4% | — | — | |
| Q3 2011 | +4.2% | — | — | |
| Q2 2011 | -2.2% | — | — | |
| Q1 2011 | -1.8% | — | — | |
| Q4 2010 | -2.9% | — | — | |
| Q3 2010 | +1.9% | — | — | |
| Q2 2010 | +1.2% | — | — | |
| Q1 2009 | -0.9% | — | — | |
| Q1 2010 | +1.6% | — | — | |
| Q4 2007 | -1.4% | — | — | |
| Q4 2009 | -1.4% | — | — | |
| Q3 2009 | +2.1% | — | — | |
| Q3 2008 | +2.1% | — | — | |
| Q2 2009 | +4.2% | — | — | |
| Q2 2008 | +4.2% | — | — | |
| Q4 2008 | +4.2% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro