Assurant (AIZ) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined slightly from the prior quarter but rose compared with the same quarter a year earlier. The sequential decrease followed a gain in the preceding period, while the year-over-year increase continued a pattern of annual growth.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined slightly from the prior quarter but rose compared with the same quarter a year earlier. The sequential decrease followed a gain in the preceding period, while the year-over-year increase continued a pattern of annual growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.6B
Revenue reported for this quarter.
Quarter-over-quarter
-0.4%
Change from the immediately preceding quarter.
Year-over-year
+6.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.4B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $2.5B | -1.3% |
| Sep 30, 2022 | $2.5B | -3.4% |
| Dec 31, 2022 | $2.7B | +3.0% |
| Mar 31, 2023 | $2.6B | +6.4% |
Revenue performance
Reported revenue moved lower from the immediately preceding quarter, reversing the prior quarter's upward direction.
Quarterly comparison
Compared with the same quarter one year earlier, revenue was higher, marking a continued year-over-year improvement. The sequential decline was modest relative to the prior quarter's level.
What to watch
The filing context does not provide specific causes for the revenue change; monitor future filings for underlying drivers.