$AIZ Earnings Top Estimates, Revenue Surges
Assurant Inc. (AIZ) reported strong fourth-quarter results, surpassing Wall Street expectations.
Financial Highlights:
* Net income: $201.3 million ($3.87 per share)
* Adjusted EPS: $4.79 (vs. estimate of $4.33)
* Revenue: $3.1 billion
* Adjusted revenue: $3.13 billion (vs. estimate of $3.05 billion)
Annual Performance:
* Net income: $760.2 million ($14.46 per share)
* Revenue: $11.95 billion
Market Performance:
* Assurant shares have slightly declined year-to-date
* Shares reached $212.80 during Tuesday's trading session
* Stock has gained 24% over the past 12 months