Infinity Property And Casualty Posts 3Q Profit

BIRMINGHAM, Ala. (AP) _ Infinity Property and Casualty Corp. (IPCC) on Monday reported third-quarter net income of $15 million.

The Birmingham, Alabama-based company said it had net income of $1.35 per share. Earnings, adjusted for investment costs, came to $1.38 per share.

The auto insurer posted revenue of $380.7 million in the period. Its adjusted revenue was $355.2 million.

Infinity Property and Casualty shares have risen slightly more than 6 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $93.45, an increase of 23 percent 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 IPCC at https://www.zacks.com/ap/IPCC