Assurant: Q2 Earnings Snapshot

NEW YORK (AP) _ Assurant Inc. (AIZ) on Tuesday reported second-quarter profit of $52.2 million.

The New York-based company said it had profit of 95 cents per share. Earnings, adjusted for non-recurring costs, were $2.95 per share.

The results did not meet Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $3.21 per share.

The insurer posted revenue of $2.51 billion in the period. Its adjusted revenue was $2.59 billion, which also fell short of Street forecasts. Five analysts surveyed by Zacks expected $2.66 billion.

Assurant shares have climbed 10% since the beginning of the year, while the S&P's 500 index has declined 14%. In the final minutes of trading on Tuesday, shares hit $171.57, a rise of 9% in the last 12 months.

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