Assurant: 2Q Earnings Snapshot
NEW YORK (AP) _ Assurant Inc. (AIZ) on Tuesday reported second-quarter earnings of $67 million.
The New York-based company said it had profit of $1.09 per share. Earnings, adjusted for non-recurring costs, were $2.11 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.89 per share.
The insurer posted revenue of $1.83 billion in the period.
Assurant shares have increased almost 6 percent since the beginning of the year, while the Standard & Poor’s 500 index has risen almost 7 percent. In the final minutes of trading on Tuesday, shares hit $106.46, an increase of 2.5 percent in the last 12 months.