Similar companies
Income Statement (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Revenue | 2.97B | 1.5% |
| Gross Profit | 452M | 12.7% |
| Cost of Revenue | 2.52B | 4.5% |
| Net Income | 134M | 29.1% |
Balance Sheet (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Total Assets | 35.3B | 4.6% |
| Total Liabilities | 30.1B | 4.5% |
| Total Equity | 5.26B | 5% |
| Shares Outstanding | 51M | 0.9% |
Cash Flow (USD)
| Q3 '24 | QoQ | |
|---|---|---|
| Cash from operations | 437M | 38.6% |
| Cash from investing | -207M | 7.1% |
| Cash from financing | -141M | 74.3% |
EPS
Financial Highlights for Assurant in Q3 '24
Assurant reported a revenue of 2.97B, which is a 1.5% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 452M, marking a -12.7% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 2.52B, a 4.5% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Net Income for the quarter was 134M, showing a -29.1% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
Assurant faced some challenges this quarter with a decline in one or more of the key metrics: revenue, gross profit, or net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.
