Assurant: 3Q Earnings Snapshot
NEW YORK (AP) _ Assurant Inc. (AIZ) on Tuesday reported a third-quarter loss of $59.5 million, after reporting a profit in the same period a year earlier.
The New York-based company said it had a loss of 96 cents per share. Earnings, adjusted for non-recurring costs, were $1.69 per share.
The insurer posted revenue of $2.5 billion in the period. Its adjusted revenue was $2.48 billion.
Assurant shares have risen 41% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 23%. In the final minutes of trading on Tuesday, shares hit $126.17, a rise of 30% in the last 12 months.