Assurant Inc Q3 Profit Increases, Beats Estimates

(RTTNews) - Assurant Inc (AIZ) announced a profit for its third quarter that Increased from the same period last year and beat the Street estimates.

The company's bottom line came in at $265.6 million, or $5.17 per share. This compares with $133.8 million, or $2.55 per share, last year.

Excluding items, Assurant Inc reported adjusted earnings of $293.9 million or $5.73 per share for the period.

Analysts on average had expected the company to earn $4.28 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 8.9% to $3.231 billion from $2.967 billion last year.

Assurant Inc earnings at a glance (GAAP) :

-Earnings: $265.6 Mln. vs. $133.8 Mln. last year. -EPS: $5.17 vs. $2.55 last year. -Revenue: $3.231 Bln vs. $2.967 Bln last year.