Assurant Inc Q3 Profit Decreases, But Beats Estimates

(RTTNews) - Assurant Inc (AIZ) released earnings for third quarter that decreased from last year but beat the Street estimates.

The company's earnings totaled $133.8 million, or $2.55 per share. This compares with $190.1 million, or $3.54 per share, in last year's third quarter.

Excluding items, Assurant Inc reported adjusted earnings of $157.7 million or $3.00 per share for the period.

Analysts on average had expected the company to earn $2.52 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 7.0% to $2.967 billion from $2.774 billion last year.

Assurant Inc earnings at a glance (GAAP) :

-Earnings (Q3): $133.8 Mln. vs. $190.1 Mln. last year. -EPS (Q3): $2.55 vs. $3.54 last year. -Revenue (Q3): $2.967 Bln vs. $2.774 Bln last year.