Assurant: Q3 Earnings Snapshot

Associated Press Finance
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ATLANTA (AP) — ATLANTA (AP) — Assurant Inc. (AIZ) on Tuesday reported third-quarter net income of $190.1 million.

The Atlanta-based company said it had profit of $3.54 per share. Earnings, adjusted for non-recurring costs, came to $4.29 per share.

The results topped Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $2.48 per share.

The insurer posted revenue of $2.77 billion in the period. Its adjusted revenue was $2.79 billion, which also topped Street forecasts. Four analysts surveyed by Zacks expected $2.67 billion.

Assurant shares have increased 19% since the beginning of the year, while the S&P's 500 index has climbed 9%. In the final minutes of trading on Tuesday, shares hit $148.90, an increase of roughly 10% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AIZ at https://www.zacks.com/ap/AIZ

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