ATLANTA (AP) — ATLANTA (AP) — Assurant Inc. (AIZ) on Tuesday reported third-quarter earnings of $275.2 million.
The Atlanta-based company said it had profit of $5.49 per share. Earnings, adjusted for non-recurring costs, came to $6.15 per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.57 per share.
The insurer posted revenue of $3.53 billion in the period. Its adjusted revenue was $3.55 billion, which also beat Street forecasts. Three analysts surveyed by Zacks expected $3.44 billion.
Assurant shares have risen 23% since the beginning of the year, while the S&P's 500 index has climbed 11%. In the final minutes of trading on Tuesday, shares hit $296.13, a climb of 40% 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