Assurant Sees FY24 Adj. EBITDA To Increase High Single-Digits
Portfolio Pulse from Benzinga Newsdesk
Assurant (AIZ) projects its FY24 adjusted EBITDA to increase by high single-digits, driven by strong growth in Global Housing and modest growth in Global Lifestyle. Adjusted earnings per diluted share are expected to grow at a low double-digit rate, excluding reportable catastrophes.
August 06, 2024 | 8:26 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Assurant (AIZ) expects its FY24 adjusted EBITDA to increase by high single-digits, driven by strong growth in Global Housing and modest growth in Global Lifestyle. Adjusted earnings per diluted share are projected to grow at a low double-digit rate, excluding reportable catastrophes.
The positive outlook for FY24, with high single-digit growth in adjusted EBITDA and low double-digit growth in adjusted EPS, is likely to boost investor confidence and positively impact AIZ's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100