{"id":1988169,"date":"2023-08-01T19:10:02","date_gmt":"2023-08-01T23:10:02","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/assurant-profit-beats-on-global-housing-unit-strength-higher-investment-returns\/"},"modified":"2023-08-01T19:12:28","modified_gmt":"2023-08-01T23:12:28","slug":"assurant-profit-beats-on-global-housing-unit-strength-higher-investment-returns","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/assurant-profit-beats-on-global-housing-unit-strength-higher-investment-returns\/","title":{"rendered":"Assurant&#8217;s profit exceeds expectations due to strong global housing unit performance and increased investment returns."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">30<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fassurant-profit-beats-on-global-housing-unit-strength-higher-investment-returns%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1988169&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<h2>Insurer Assurant Inc Exceeds Profit Expectations in Q2<\/h2>\n<p>Insurer\u2064 Assurant Inc has\u200b surpassed profit expectations for the second quarter,\u2062 driven by growth in its global housing unit \u200cand \u2063higher investment\u200d income. The company&#8217;s stock rose\u200d 1.1%\u2063 in extended trading\u2064 following the release \u200dof the results, and it has seen an overall\u2062 increase of approximately 8% year-to-date.<\/p>\n<p>The company&#8217;s \u2064global housing segment, which offers lender-placed insurance, <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/newsom-signs-bills-to-limit-single-family-zoning-in-california\/\" title=\"Newsom Signs Bills to Limit Single-Family Zoning in California\">multi-family housing<\/a>, and \u200cmortgage services, experienced a significant surge in adjusted EBITDA \u2062of 153% to $154.6 million. This strong performance contributed to the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/assurant-profit-beats-on-global-housing-unit-strength-higher-investment-returns\/\" title=\"Assurant's profit exceeds expectations due to strong global housing unit performance and increased investment returns.\">market-beating earnings report<\/a>.<\/p>\n<p>Furthermore, major insurers\u2064 have seen a rebound in investment returns this year, as\u2063 concerns about\u200d an economic downturn and rising interest rates have subsided. Assurant reported a \u2063net investment\u2062 income of \u2064$112.9 million in the second quarter, compared to $92 million in the same \u200cperiod last year.<\/p>\n<p>Assurant&#8217;s net earned \u2062premiums \u200balso showed growth, reaching $2.34 billion in the quarter, up from $2.17 \u2063billion in the previous year&#8217;s quarter. Net income\u200c surged to \u200b$156.3 million, a significant increase from $52.2 \u200cmillion\u2064 in the same period last year.<\/p>\n<p>On an adjusted\u2064 basis, Assurant reported a profit of $3.89 per share in \u200dthe second quarter, surpassing analysts&#8217; estimates of\u200d $2.57 per share.<\/p>\n<p>&#8220;We resumed share repurchases in \u2062the \u2062second quarter and\u200c expect\u200d to continue share repurchase activity for the \u2064remainder of \u2064the year, as we generate strong\u200d cash flows,&#8221; \u2062said\u200c CEO Keith Demmings.<\/p>\n<p>Total revenue for the quarter rose to $2.73 billion, up from $2.51 billion in the previous year&#8217;s quarter.<\/p>\n<p>(Reporting by Manya\u2062 Saini in Bengaluru;\u200b Editing by\u2063 Pooja Desai)<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Ex-Biden Partner Reveals\u200d Damning Information After \u2064Closed-Door Testimony<\/h3>\n<p>After a long\u200b day of closed-door \u200btestimony before the House Oversight \u2062Committee, Ex-Biden\u200d Partner, Devon Archer, confirms \u2064some damning information.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Thousands in Niger Support Recent\u200b Coup, Denounce France<\/h3>\n<p>Thousands of\u2062 people in Niger have taken \u200dto the streets to support a \u2064recent\u2063 coup, denouncing France while waving Russian flags.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Texas Becomes\u2064 Latest State to Leave Election Integrity Group<\/h3>\n<p>Texas is now the largest \u200cand most recent state to leave the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/texas-withdrawing-from-eric-voter-roll-system\/\" title=\"Texas to Exit Eric Voter Roll System\">nationwide election integrity group<\/a>, Eric.\u200d One America&#8217;s Caitlin Sinclair has more.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Interview \u200bwith\u2064 Peter J. \u200bBrown, USCG \u2062(Ret.)<\/h3>\n<p>with Peter J. Brown,\u2062 USCG (Ret.)<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>U.S. Senators Elizabeth Warren and Lindsey Graham Propose Legislation<\/h3>\n<p>By \u200dDiane Bartz \u200bWASHINGTON\u2064 (Reuters) &#8211; U.S. senators \u2064Elizabeth Warren, a Democrat, and Lindsey Graham, a\u2063 Republican, said on Thursday they would&#8230;<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Japan Experiences Post-Pandemic Tourism Resurgence<\/h3>\n<p>By Tom Bateman and Rocky Swift TOKYO (Reuters) \u200d- \u200dAs Japan enjoys a <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/italian-watchdog-oks-googles-commitments-to-end-data-case\/\" title=\"Italian watchdog approves Google's commitments to resolve data case.\">post-pandemic resurgence<\/a> in tourism from around the\u200d globe, Seibu&#8230;<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Dell Technologies Collaborates \u200dwith\u200c Nvidia on GenAI\u2063 Solutions<\/h3>\n<p>(Reuters) \u200b-\u2063 Dell Technologies on Monday launched\u200c new \u200bgenerative artificial intelligence (GenAI) \u2062solutions in collaboration with Nvidia whose chips enable the technology&#8230;<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<h3>Dell Technologies Collaborates with Nvidia on GenAI Solutions<\/h3>\n<p>(Reuters) &#8211; Dell\u2062 Technologies \u200bon Monday launched new generative artificial intelligence (GenAI) solutions in collaboration with Nvidia whose chips enable the technology&#8230;<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Insurer Assurant Inc exceeded profit expectations in Q2, driven by growth in its global housing unit and increased investment income. Following the announcement, the company&#8217;s shares rose 1.1% in extended trading. Year-to-date, the stock has gained approximately 8% as of the previous close.<\/p>\n","protected":false},"author":66,"featured_media":1988170,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[],"class_list":["post-1988169","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1988169","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1988169"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1988169\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1988170"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1988169"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1988169"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1988169"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}