Assurant: Q1 Earnings Snapshot

NEW YORK (AP) — NEW YORK (AP) — Assurant Inc. (AIZ) on Tuesday reported first-quarter profit of $113.6 million.

The New York-based company said it had net income of $2.12 per share. Earnings, adjusted for non-recurring costs, came to $3.49 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $2.25 per share.

The insurer posted revenue of $2.64 billion in the period. Its adjusted revenue was $2.65 billion, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $2.6 billion.

Assurant shares have dropped slightly more than 3% since the beginning of the year, while the S&P's 500 index has risen slightly more than 7%. In the final minutes of trading on Tuesday, shares hit $120.82, a decline of 33% 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