Shares of insurance services company Assurant (NYSE:AIZ) jumped 10.6% in the afternoon session after the company reported strong second-quarter financial results that surpassed expectations and raised its full-year outlook. The specialty insurance provider posted adjusted earnings of $5.56 per share, which handily topped analyst estimates of $4.43. Revenue also grew 8% from the prior year to $3.16 billion. The strong performance stemmed from growth across its Global Housing and Global Lifestyle divisions. Buoyed by the strong first half of the year, Assurant increased its 2025 financial outlook. The company now expected adjusted earnings per share to approach 10% growth for the full year.
Let's have a look at what is happening on the US markets in the middle of the day on Wednesday. Below you can find the top S&P500 gainers and losers in today's session.
Curious about the market action on Wednesday? Dive into the US markets to explore the gap up and gap down stocks in the S&P500 index during today's session.
Insurance services company Assurant (NYSE:AIZ) reported Q2 CY2025 results beating Wall Street’s revenue expectations, with sales up 8% year on year to $3.16 billion. Its non-GAAP profit of $5.10 per share was 14.5% above analysts’ consensus estimates.
Not all profitable companies are built to last - some rely on outdated models or unsustainable advantages.
Just because a business is in the green today doesn’t mean it will thrive tomorrow.
U.S. stocks traded mixed at midday Wednesday, as investors remained cautious ahead of the Federal Reserve’s upcoming policy decision, with Chair Jerome Powell set to speak at 2:30 p.m. ET.
Wall Street edged lower by midday Tuesday as uncertainty surrounding trade policies lingered, with investors adopting a cautious approach ahead of Wednesday’s Federal Reserve meeting.
Major indices rallied on Wednesday after December inflation data showed underlying price pressures slowing, reducing fears of a prolonged pause in interest rate cuts by the Federal Reserve.
Stock market gains during Dec. 24-Dec. 31 window, known as Santa Claus rally, averaging 0.85% return in 64 out of 96 years. 2018 saw strongest rally of 6.6%.
Concerns over flat pricing and an inevitable interest rate cut now loom over the insurance industry. Nonetheless, the space seems well-poised for growth amid this volatility. Here are some stocks in the industry to consider.
