ATLANTA (AP) — ATLANTA (AP) — Assurant Inc. (AIZ) on Tuesday reported second-quarter net income of $235.3 million.
On a per-share basis, the Atlanta-based company said it had net income of $4.56. Earnings, adjusted for non-recurring costs, were $5.56 per share.
The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $4.43 per share.
The insurer posted revenue of $3.16 billion in the period. Its adjusted revenue was $3.14 billion, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $3.11 billion.
Assurant shares have declined 11% since the beginning of the year, while the S&P’s 500 index has climbed 7%. In the final minutes of trading on Tuesday, shares hit $188.83, an increase of 12% 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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