Assurant Inc Q3 Profit Increases, Beats Estimates

(RTTNews) - Assurant Inc (AIZ) reported earnings for its third quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $190.1 million, or $3.54 per share. This compares with $7.3 million, or $0.14 per share, in last year's third quarter.

Excluding items, Assurant Inc reported adjusted earnings of $230.6 million or $4.29 per share for the period.

Analysts on average had expected the company to earn $2.46 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 8.6% to $2.77 billion from $2.55 billion last year.

Assurant Inc earnings at a glance (GAAP) :

-Earnings (Q3): $190.1 Mln. vs. $7.3 Mln. last year. -EPS (Q3): $3.54 vs. $0.14 last year. -Analyst Estimate: $2.46 -Revenue (Q3): $2.77 Bln vs. $2.55 Bln last year.

-Guidance: Full year EPS guidance: $13.61

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