Assurant (AIZ) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential growth was modest, while the year-over-year gain was more pronounced.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q2
Revenue for the quarter increased compared to both the prior quarter and the same quarter last year. The sequential growth was modest, while the year-over-year gain was more pronounced.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.7B
Revenue reported for this quarter.
Quarter-over-quarter
+3.4%
Change from the immediately preceding quarter.
Year-over-year
+8.8%
Change from the comparable year-ago quarter.
Trailing four quarters
$10.6B
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 |
|---|---|---|
| Sep 30, 2022 | $2.5B | -3.4% |
| Dec 31, 2022 | $2.7B | +3.0% |
| Mar 31, 2023 | $2.6B | +6.4% |
| Jun 30, 2023 | $2.7B | +8.8% |
Revenue performance
The reported revenue rose from the immediately preceding quarter, indicating continued upward momentum. Compared with the same quarter one year earlier, the increase was larger, reflecting a stronger annual performance.
Quarterly comparison
Sequentially, revenue improved at a moderate pace, while the year-over-year comparison showed a more substantial rise. The trailing twelve-month revenue also remained elevated.
What to watch
No specific risk or context was provided in the filing to explain the revenue changes.