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Assurant Inc  (AIZ)
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EARNINGS REPORT by CSIMarket

EPS Drops, Sales Faded

Assurant Inc announced forth quarter 2016 operating income of $1442.934 millions

For the forth quarter 2016 Assurant Inc earnings per share plummeted by -44.06 % of $0.54 per share compare to $0.96 a year ago and eps dropped by -77.32 % from $2.37 per share from the previous quarter.
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Sales crumbled by -31.22 % to $1.75 billions from $2.55 billions in the same quarter a year ago and sequentially Sales decreased by -4.46 % from $1.83 billions.


Sales fell at Solutions -3.23%, Specialty Property -19.48%, Corporate -41.98%, while revenue growth was achieved at Health +4.87%.
Solutions and Specialty Property segments reported earnings decline of -33.63% and -45.27% each, these were major factors for -52.37 % decline, in company's net earnings from $66 millions in the corresponding period a year before. Profitability was mixed in the forth quarter 2016, while Assurant Inc's operating margin with $1442.934 millions in operating income increased to 82.35%, net margin on the other hand recoiled to 1.79%.
1Health segments have widen the deficit, Corporate segments have improved results by decreasing the loss. Looking into financial results for the fiscal year 2016, Assurant Inc reported Sales of $7.53 billions and net income of $565 millions.

Accident & Health Insurance Company explained also, that Eps surged by 345.37 % to $9.13 per share from $2.05 in the previous fiscal year, while Sales fell by -27.06 % from $10.33 billions a year ago.

Assurant Inc is expected to report next financial results on January 28, 2019.
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Other AIZ's Earnings Reports

Assurant Inc reported third quarter 2016 earnings

Assurant Inc reported second quarter 2016 earnings

Assurant Inc reported first quarter 2016 earnings

     
       
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