Assurant: Q3 Earnings Snapshot

NEW YORK (AP) _ Assurant Inc. (AIZ) on Tuesday reported third-quarter net income of $882.4 million, after reporting a loss in the same period a year earlier.

On a per-share basis, the New York-based company said it had profit of $14.83. Earnings, adjusted to account for discontinued operations and non-recurring gains, came to $1.41 per share.

The results surpassed Wall Street expectations. The average estimate of five analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share.

The insurer posted revenue of $2.64 billion in the period. Its adjusted revenue was $2.53 billion, also topping Street forecasts. Three analysts surveyed by Zacks expected $2.49 billion.

Assurant shares have risen 19% since the beginning of the year, while the S&P's 500 index has climbed 23%. In the final minutes of trading on Tuesday, shares hit $161.70, a rise of 24% 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