Assurant (AIZ) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter declined compared to the immediately preceding period. However, revenue increased relative to the same quarter one year earlier.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q1
Revenue for the quarter declined compared to the immediately preceding period. However, revenue increased relative to the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.9B
Revenue reported for this quarter.
Quarter-over-quarter
-3.5%
Change from the immediately preceding quarter.
Year-over-year
+9.0%
Change from the comparable year-ago quarter.
Trailing four quarters
$11.4B
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, 2023 | $2.7B | +8.8% |
| Sep 30, 2023 | $2.8B | +8.9% |
| Dec 31, 2023 | $3B | +12.5% |
| Mar 31, 2024 | $2.9B | +9.0% |
Revenue performance
The reported revenue moved lower from the prior quarter, reversing the sequential growth seen in recent periods.
Quarterly comparison
Compared with the preceding quarter, revenue contracted. In contrast, revenue was higher than in the same quarter of the prior year, continuing a year-over-year upward trend.
What to watch
The sequential decline in revenue warrants attention given the prior pattern of consecutive quarterly increases.