WASHINGTON (dpa-AFX) - 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.
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